Mr. David Lee reports

TRIPLE FLAG ANNOUNCES INCREASE IN CREDIT FACILITY AT IMPROVED TERMS

Triple Flag Precious Metals Corp. has secured amendments to its existing undrawn revolving credit facility, including an increase in the size of the credit facility at more favourable terms. All amounts are expressed in United States dollars, unless otherwise indicated.

Under the amended agreement, the company has a credit facility of $1-billion with an additional uncommitted accordion of up to $300-million. This represents an increase from the previous agreement that had a credit facility of $700-million and an accordion of up to $300-million.

Advances under the renewed credit facility are subject to interest at SOFR (secured overnight financing rate) plus 1.325 per cent to 2.75 per cent per annum, depending on the company's leverage ratio. The amended interest rate spreads above SOFR have been reduced by 12.5 basis points at the lower end of the range, when compared with the previous credit facility agreement.

The credit facility has a term of four years, maturing in May, 2030.

The amended credit facility was jointly led by National Bank Capital Markets, Bank of Nova Scotia and Canadian Imperial Bank of Commerce. Additionally, the syndicate includes Royal Bank of Canada, Toronto-Dominion Bank, Bank of America, Bank of Montreal and UBS. National Bank of Canada acts as administrative agent on the credit facility.

About Triple Flag Precious Metals Corp.

Triple Flag is a precious metals streaming and royalty company. The company offers investors exposure to gold and silver from a total of 241 assets, consisting of 16 streams and 225 royalties, primarily from the Americas and Australia. These streams and royalties are tied to mining assets at various stages of the mine life cycle, including 34 producing mines and 207 development and exploration stage projects and other assets. Triple Flag is listed on the Toronto Stock Exchange and New York Stock Exchange under the ticker TFPM.