Mr. Tim Coughlin reports

ROYAL ROAD MINERALS ANNOUNCES RESULTS OF INFILL SOIL GEOCHEMICAL SAMPLING AND UPDATES ON DRILL PERMITTING: ALOUANA COPPER-GOLD PROJECT, KINGDOM OF MOROCCO

Royal Road Minerals Ltd. has released results of infill soil geochemical sampling and has provided an update on the drill-permitting process at its Alouana copper-gold polymetallic project in the Kingdom of Morocco.

The right to acquire the Alouana project is held by Royal Road Arabia Ltd. RRA is a Saudi Arabian joint venture company owned on a 50/50-per-cent partnership basis by Royal Road and Midu Company Ltd. Midu is a Saudi Arabian investment holding company, headquartered in Jeddah, with interests across various sectors including mining, industrial, real estate development and utilities. In October, 2023, RRA entered into an option agreement to acquire up to 100 per cent of Izughar Resources Sarl, the Moroccan company holding title to the Alouana licences (see press release dated Oct. 17, 2023).

The Alouana project area comprises six exploration licences located in Morocco's eastern region and totalling 84 square kilometres. Small-scale mining commenced at Alouana at the beginning of the past century. Approximately 40 underground and open-pit copper-gold polymetallic workings have been identified from within the project area. Underground mines are developed on predominantly steep, northeast-dipping vein-breccia bodies up to three metres wide, and open-pit mines are developed on shallow, southwest-dipping shear and cleavage parallel zones of unknown total thickness.

The host rocks to copper-gold and polymetallic mineralization at Alouana are primarily lower Paleozoic age schists, which have been intruded by Permian age granitic rocks and related porphyry dikes. Granite underlies and has altered and contact metasomatized the schistose sequence. Copper, gold and polymetallic mineralization (silver, bismuth, tungsten and zinc) has been emplaced within a broad anti-formal structure, in the hangingwall of the granite, in shear zones oriented parallel to shallow-dipping cleavage (in the open-pit zone) and also in steeply dipping northwest- and northeast-striking quartz-barite vein and breccia bodies (VBZ and EBZ). Over 250 grab and channel rock chip samples have been collected from Alouana with analytical results returning up to 21 per cent copper (minimum 0.001 per cent and average 1.31 per cent), gold returning up to 5.9 grams per tonne (minimum 0.01 and average 0.2 gram per tonne) and other elements such as silver returning up to 493.8 parts per million (minimum 0.5 ppm and average 22.3 ppm) and tungsten up to 0.4 per cent (minimum 30 ppm and average 365 ppm).

RRA has completed soil geochemical sampling, geological mapping, grab and channel rock chip sampling, and ground magnetics across the Alouana main area (see press release dated Feb. 27, 2024). Initial soil geochemical sampling comprised 1,718 samples, which were collected from 200-metre-spaced lines on 50-metre sample intervals. Results mapped out an approximately two-kilometre-long ridge-top copper anomaly corresponding to the open-pit zone and a newly identified area known as the Hilltop zone, where there is no evidence of historic workings. To better locate drill holes and target on-surface and potentially shallow-concealed (open-pittable) mineralization at the OPZ and HTZ, Royal Road conducted infill geochemical soil sampling for a final grid comprising a central area of 100-metre-spaced lines, sampled on 50-metre intervals. The results of the infill sampling have helped refine soil geochemical anomalies for drilling and, importantly, extended the HTZ westward effectively connecting it with the OPZ and expanding the near-surface and open-pittable potential along the hilltop at Alouana.

An initial 2,000-metre scout drilling program has been planned at Alouana, and drill permitting is currently under way. The permitting process is advancing well, subject to meeting schedules and timing, which are pre-established by the relevant authorities.

"This new infill soil geochemical data has extended and connected the already intriguing HTZ westward towards the OPZ, where we have good exposure and control," said Tim Coughlin, Royal Road's president and chief executive officer. "Exposure along the HTZ is limited due to shallow soil and colluvial cover, which may explain the absence of historical workings in the area. Our hope is that the shallow-dipping shear zone and cleavage parallel mineralization that is evident in small-scale open pits at the OPZ continues southeast along the hilltop to the HTZ. We are anxious to drill test this theory and also to test the strike extent and true thickness of vein-breccia bodies at the foot of the hill in the CBZ and EBZ areas."

About Royal Road Minerals Ltd.

Royal Road is a mineral exploration and development company with its head office and technical operations centre located in Jersey, Channel Islands. The company is listed on the TSX Venture Exchange under the ticker RYR and on the Frankfurt Stock Exchange under the ticker RLU. The company's mission is to apply expert skills and innovative technologies to the process of discovering and developing copper and gold deposits of a scale large enough to benefit future generations and modern enough to ensure minimum impact on the environment and no net loss of biodiversity. The company currently explores in the Kingdoms of Saudi Arabia and Morocco.

Quality assurance and quality control

Sample preparation and analyses are conducted according to standard industry procedures at certified laboratories. Rock chip samples were bagged in the field for a sample size of approximately two kilograms and then sent to Afrilab-SGS in Marrakesh, where gold was analyzed by fire assay with an atomic absorption finish and multielement analyses were conducted by ICP-OES. Soil samples were collected 30 to 60 centimetres below the surface to avoid surficial contamination. Approximately 0.5 kg was collected for each sample. For each sample, soil thickness, horizon, surface type, sample collection depth and field sieve-mesh were recorded. QAQC materials included approximately 5 per cent CRMs, 1 per cent blanks and 1 per cent field duplicates. Infill soil samples were sent to ALS in Sevilla for drying, disaggregation and dry sieving to minus 180 micrometres. Samples were analyzed using the supertrace low-level gold and multielement package (AuME-St43) with a 25-gram charge weight. Gold and multielement concentrations are determined from the same solution through a combination of ICP-MS and ICP-AES.

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