Mr. Scott Melbye reports

URANIUM ROYALTY ANNOUNCES GRADUATION TO TSX

Uranium Royalty Corp. has received final approval from the Toronto Stock Exchange for the listing of its common shares and common share purchase warrants expiring Dec. 6, 2024, on the TSX.

The company's shares and warrants will begin trading on the TSX effective July 6, 2023, and will continue to trade under the stock symbols URC and URC.WT, respectively.

As a result of the graduation of Uranium Royalty to the TSX, its shares and warrants will no longer trade on the TSX Venture Exchange and will be voluntarily delisted from the TSX-V, effective as of market close on July 5, 2023. Shareholders are not required to exchange their share certificates or take any other action in connection with the TSX listing.

Scott Melbye, the company's chief executive officer, stated: "Since our initial public offering in 2019, we have sought to build shareholder value as the only pure play, publicly traded, uranium-focused royalty and streaming company. The graduation to the TSX is another milestone and we are pleased to commence trading on the TSX, a significant marketplace for capital and premier exchange for resource-focused companies. We believe that, together with our existing Nasdaq listing, we are well positioned to increase our capital markets visibility as we continue to execute our long-term strategies in the exciting and resurgent uranium and nuclear energy industries."

About Uranium Royalty Corp.

Uranium Royalty is the world's only uranium-focused royalty and streaming company and the only pure play uranium listed company on the Nasdaq Stock Market. Uranium Royalty provides investors with uranium commodity price exposure through strategic acquisitions in uranium interests, including royalties, streams, debt and equity in uranium companies, as well as through trading of physical uranium. The company is well positioned as a capital provider to an industry needing massive investments in global productive capacity to meet the growing need for uranium as fuel for carbon-free nuclear energy. Uranium Royalty has deep industry knowledge and expertise to identify and evaluate investment opportunities in the uranium industry. The company's management and the board include individuals with decades of combined experience in the uranium and nuclear energy sectors, including specific expertise in mine finance, project identification and evaluation, mine development, and uranium sales and trading.

We seek Safe Harbor.