Mr. Scott Melbye reports

URANIUM ROYALTY APPOINTS NEW DIRECTORS TO THE BOARD

Uranium Royalty Corp. has appointed Kevin McQuilkin and Peter Rozenauers to the company's board of directors, effective immediately. The board has determined that Mr. McQuilkin is independent under the applicable rules of the Nasdaq Stock Market.

Mr. Rozenauers has over 35 years of experience in the natural resources and finance industry. He is a non-executive investment committee member for the Orion Mine Finance and Orion Industrial Ventures, and previously served as managing partner and portfolio manager with Orion Resource Partners (Aus) Pty. Ltd. from September, 2013, to July, 2026. Mr. Rozenauers holds a bachelor of mining engineering (Hons I) from the University of New South Wales and a master of applied finance from the University of Technology Sydney.

Mr. McQuilkin has more than 35 years of experience in investment banking, including in the energy, metals and mining, and chemicals industries. He is an executive in residence and adjunct professor of finance at the Gonzaga University School of Business. Prior to joining Gonzaga University, Mr. McQuilkin served in senior mergers and acquisitions and metals and mining investment banking roles at Wells Fargo Securities, Deutsche Bank Securities and J.P. Morgan. Mr. McQuilkin graduated with honours from Gonzaga University and received a master's in management from Northwestern University's J.L. Kellogg Graduate School of Management.

Scott Melbye, chief executive officer of the company, stated: "We are pleased to welcome Kevin McQuilkin and Peter Rozenauers to our board of directors. Each brings decades of experience across finance, mining and natural resources, and their perspectives will be a valuable addition as we take this historic next step for the company. We look forward to working alongside them and benefiting from their guidance in the period ahead."

Mr. Rozenauers and Mr. McQuilkin were each designated for nomination to the board pursuant to the investors rights agreement, dated as of July 27, 2026, by and among the company, Orion Resource Partners (USA) LP, certain affiliated funds of Orion, HRG Metals LP and Ontario Teachers' Pension Plan Board.

About Uranium Royalty Corp.

Uranium Royalty is the largest United States non-precious royalty and streaming platform with embedded, century-long exposure to uranium, energy and industrial supply chains. 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. Through a transformational combination in 2026 between URC and Sweetwater Royalties, URC has significant free cash flow, an unmatched reserve life of 100-plus years on key assets and is the second-largest public company landowner in the U.S., and the largest landowner in Wyoming.