Mr. Tim Coughlin reports

ROYAL ROAD MINERALS RECEIVES ALL REQUISITE DRILLING PERMITS: ALOUANA COPPER-GOLD POLYMETALLIC PROJECT, KINGDOM OF MOROCCO

Royal Road Minerals Ltd. has received all requisite drilling permits for 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). RRA is a Saudi Arabian joint venture company owned on a 50-50-per-cent basis by Royal Road and MIDU Company Ltd. (MIDU). 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 100 per cent of Izughar Resources SARL, the Moroccan company holding title to the Alouana licences (see press release Oct. 17, 2023).

The Alouana project area comprises four exploration licences located in Morocco's Eastern Region and totalling 84 square kilometres. Small-scale mining commenced at Alouana at the beginning of the last century. Approximately 45 underground and open-pit copper-gold polymetallic workings have been identified from within the area of interest. Open-pit mines are developed on shallow, southwest-dipping shear and cleavage parallel zones of unknown total thickness and underground mines are developed on predominantly steep, northeast-dipping vein-breccia bodies up to three metres wide. There has been no previous drilling conducted on the project.

The host rocks to copper-gold and polymetallic mineralization at Alouana are primarily lower Paleozoic age schists which have been intruded by Permian age granite and related porphyry dikes. Granite underlies and has contact metasomatized the schistose sequence. Copper, gold and polymetallic mineralization (silver, bismuth, tungsten and zinc) has been emplaced within a broad antiformal structure in the hangingwall of the granite, in shear zones oriented parallel to shallow-dipping cleavage and 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 (ppm) (minimum 0.5ppm 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 rock chip channel sampling, and ground magnetics across the Alouana main area (see press releases Feb. 27, 2024; July 29, 2024) and has located initial scout drill holes to test both shallow and steep-dipping targets in four principal areas summarized as follows:

• OPZ -- open-pit zone: Area of historic small open pits and underground tunnels on the Alouana hilltop. Copper and polymetallic mineralization hosted in stacked shear zones oriented parallel to shallow-dipping schistosity and in steep-dipping vertical vein-breccia bodies;
• HTZ -- hill top zone: Area of shallow residual soil cover on hilltop to the immediate southeast (but across reverse fault) from the OPZ. No evidence of historic workings but soil geochemistry implies a continuation of OPZ style controls. Area is higher in gold geochemistry than the OPZ;
• VBZ -- vein-breccia zone: 25-metre-wide approximately 1.5-kilometre-long, moderate northeast dipping quartz-barite vein and breccia body anomalous in copper and gold;
• EBZ -- eastern breccia zone: Two one-to-three-metre-wide, at least two-kilometre-long, copper, silver, lead and bismuth mineralized, moderate northeast-dipping quartz-barite vein-breccia bodies with evidence for wall-rock penetration of copper mineralization.

The company is planning approximately 2,000 metres of scout exploration drilling which will commence this year, as soon as access roads and drill pads have been constructed.

"Establishing the thickness of shallow-dipping mineralization at the OPZ is an important initial objective of this drilling program, followed closely by mapping its lateral extent towards the southwest at the HTZ. Both areas are located along the Alouana hill top with the potential for good mining economics. Historic tunnels at the EBZ are for the most part concealed at surface and developed along the vein-breccia bodies only, with minimal crosscuts. This makes it difficult to ascertain potential economic thickness until we have drilled them, although there is clear evidence for copper mineralization extending beyond the extracted veins and immediately into the wall rock. This drill program is very much a case of exploring with the drill rig, objectives are clear and holes have been carefully planned in order to fully test the potential of the mineralized system at Alouana. We are excited to get the program under way," said Tim Coughlin, Royal Road's president and chief executive officer.

About Royal Road Minerals Ltd.

Royal Road Minerals is a mineral exploration and development company with its head office and technical operations centre located in Jersey, Channel Islands.

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