Mr. Tim Gallagher reports

ROYALTIES INC. ANNOUNCES ACQUISITION OF POP SONG ROYALTIES

Royalties Inc. has completed an acquisition of an American songwriter's public performance royalties of songs performed by artists including Backstreet Boys, Marshmello and Anarbor, paid by royalty distributor Broadcast Music Inc. (BMI). This pop catalogue consists of 103 tracks and is unique in that many of the songs have gained placements in popular TV series, including Grey's Anatomy. The top songs in the catalogue include Ritual, It's Christmas Time Again, White Flag and 18. The company invested $53,000 (U.S.) to acquire this catalogue, generating a trailing 9-per-cent yield.

About Royalties Inc.

Royalties has a 2-per-cent stake in Music Royalties Inc. (MRI), 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 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.