Mr. Jon Hill reports

ROYAL ROAD MINERALS ANNOUNCES BOARD CHANGES

Royal Road Minerals Ltd.'s Ana Gabriela Juarez has resigned as a director of the company and Ghassane Benchekroun has been appointed as a director of the company, effective immediately. The company also announces the cancellation and issuance of employee incentive stock options.

The board of directors extends its gratitude to Ms. Juarez for her strategic insight, for her enthusiasm, and for ensuring the company maintains its ESG (environmental, social and governance) credentials regardless of complexity and context. Ms. Juarez's assistance with the company's recent transition from a Latin American to a Middle East and North African focus has been sympathetic and selfless.

The company welcomes Mr. Benchekroun to the board. Mr. Benchekroun is chief financial officer of the gas and power division of a leading Moroccan energy group, and has been actively involved in developing natural gas, power and green hydrogen businesses in North Africa and elsewhere. Mr. Benchekroun previously led M&A (mergers and acquisition) and strategy within the same group of companies. Mr. Benchekroun has an impressive record in corporate finance and fundraising, including roles as a financial analyst in investment banking. Alongside his professional activities, Mr. Benchekroun maintains strong community links through his involvement with several NGOs (non-governmental organizations), including a think tank focused on development issues in Morocco which he co-founded in 2018. Mr. Benchekroun graduated from ISCAE Business School in Casablanca (Morocco) and holds a master's degree in financial engineering from Paris XII University (France).

"We would like to sincerely thank Ana for her important contributions and her gracious assistance in enabling a smooth transition from a South American to MENA [Middle East and North Africa] focus; we wish her well in her future endeavours. We welcome Ghassane to Royal Road's board, where his wealth of local and regional knowledge will surely strengthen our team's ability to deliver shareholder value," said Jon Hill, chairman of the board of Royal Road.

In addition, the company announces that it has cancelled an aggregate of 7.2 million employee incentive stock options exercisable into ordinary shares at a price of 40 cents and has granted an aggregate of three million options to purchase ordinary shares of Royal Road exercisable at a price of 15 cents per common share for a period of two years to a director and two employees of the company. The ordinary shares issuable upon exercise of the options are subject to a four-month hold period from the original date of grant.

We seek Safe Harbor.