Mr. Drew Clark reports

SUMMIT ROYALTIES CELEBRATES ONE-YEAR ANNIVERSARY OF PUBLIC LISTING AND HIGHLIGHTS ACCOMPLISHMENTS

Summit Royalties Ltd. has celebrated the one-year anniversary of its public listing on the TSX Venture Exchange and has highlighted the many accomplishments made over the past year as a public company.

Drew Clark, president and chief executive officer of Summit, commented: "Our first year of trading has been nothing short of transformative for Summit. We have amassed a portfolio of 46 royalties and streams, providing us with an incredible path of organic growth as our operating assets go from four to six over the next 18 months. During the year, we delivered several important milestones, including the acquisition of a royalty on Newmont's Saddle North deposit, the completion of our acquisition of Star Royalties and the establishment of a $25-million (U.S.) revolving credit facility, expandable to $50-million (U.S.). Together, these achievements have broadened our portfolio, strengthened our financial capacity and positioned Summit to pursue its next phase of disciplined accretive growth."

Key achievements since public listing:

• Share price performance: Since the start of trading on Nov. 10, 2025, Summit's share price has outperformed its peers and the gold price, increasing by 47 per cent to Nov. 9, 2026, while a basket of select peers and the gold price have declined over the same period.
• Acquisitions and continuing a successful record: Summit has accretively deployed over $35-million (U.S.) in 2026 thus far with the acquisition of a 1-per-cent net smelter return royalty on the Saddle North deposit for $3.5-million (U.S.) and the acquisition of Star Royalties for $32.5-million (U.S.).
• Saddle North is a gold-rich copper porphyry deposit located in the Golden Triangle in northwestern British Columbia, Canada, owned by Newmont Corp. According to Newmont's public disclosure, the project has strong access to existing infrastructure, power and a capable work force, and is situated near the Red Chris mine, which is currently operated by Newmont.
• The acquisition of Star Royalties brought the high-quality gold stream on Copperstone into Summit's portfolio. The operator, Mining Americas Inc., released an updated prefeasibility study on the asset in second quarter 2026, and, according to the operator, a maiden open-pit resource is expected in fourth quarter 2026. Based on operator guidance, Copperstone is expected to enter production in late 2027, which Summit expects will significantly increase its revenue and cash flow.
• Both these acquisitions strongly align with Summit's investment objective of expanding Summit on an accretive, per-share basis.
• Bolstering team: strengthened the team with the addition of Kevin MacLean as chief investment officer and Kathy Lai, who was recently promoted to the role of chief financial officer and corporate secretary, and the appointment of Jay Layman to the board of directors.
• Access to capital: In July, 2026, Summit entered into a credit agreement with National Bank of Canada for a revolving credit facility with an initial commitment of $25-million (U.S.). The facility includes an accordion feature providing for up to an additional $25-million (U.S.). Management believes the facility strengthens the balance sheet, provides the company with significant financial flexibility to pursue larger accretive royalty and streaming acquisitions, and lowers the cost of capital.
• Enhanced capital market profile: Summit's profile has been materially enhanced with three independent brokerages launching research coverage during the year, which management believes has contributed to improved trading liquidity for its shares. Management has also met with over 300 institutional and retail investors since going public, and has attended conferences across the globe to raise awareness about the corporation.

The scientific and technical information in this letter has been reviewed and approved by Rick Breger, who is independent of the corporation and a qualified person as defined in National Instrument 43-101 (Standards of Disclosure for Mineral Projects). Information regarding Saddle North and Copperstone is based on public disclosure by Newmont Corp. and Mining Americas Inc., respectively, including Mining Americas' prefeasibility study.

About Summit Royalties Ltd.

Summit Royalties is a precious metal royalty and streaming company. Its current portfolio is anchored by cash-flowing production with additional royalties on advanced development- and exploration-stage properties. Summit aims to become one of the fastest-growing royalty and streaming companies by executing actionable, accretive acquisitions that increase production and drive cash flow growth.

We seek Safe Harbor.