Mr. Tim Gallagher reports

ROYALTIES INC. ANNOUNCES ACQUISITION OF SONGWRITER ROYALTIES

Royalties Inc. has completed a portfolio investment in a partial share of Music Royalties Inc.'s acquisition of an American Grammy nominated/multiaward-winning music producer and songwriter's interest in the publishing and public performance royalties of songs performed by artists, including Britney Spears, Joe, Michael Jackson and R. Kelly, paid by royalty distributors Socan and Universal Music Publishing Group (UMPG). The catalogue consists of over 300 songs, including two No. 1 Pop/R&B (rhythm and blues) songs and two top 10 Pop/R&B songs. The company invested $25,000, through the issuance of 500,000 shares at five cents per share, in order to participate in a catalogue generating a 9-per-cent yield.

About Royalties Inc.

Royalties Inc. has a 2-per-cent stake in Music Royalties Inc., a Canadian-based private company that acquires passive music royalties from rightsholders (including but not limited to artists, producers and songwriters) and currently holds a portfolio of approximately 26 cash-flowing music royalties. MRI is currently paying a monthly dividend generating a 6-per-cent annual yield.

Royalties owns a 100-per-cent interest, subject to a 1.5-per-cent net smelter royalty repurchased in July, 2019, on the Bilbao project silver-lead-zinc-copper project located in the southeastern part of the state of Zacatecas, Mexico.

Royalties owns 88 per cent of the outstanding shares of Minera Portree de Zacatecas, SA de CV, which holds an asserted claim to a 2-per-cent net smelter royalty on six mining concessions located adjacent to the Cozamin mine operated by Capstone Mining Corp., which claim is challenged by Capstone.

We seek Safe Harbor.