Mr. Scott Melbye reports

URANIUM ROYALTY CORP. COMPLETES ACQUISITION OF ADDITIONAL ROYALTY ON THE CHURCHROCK URANIUM PROJECT, NEW MEXICO, USA

Uranium Royalty Corp. has completed its previously announced acquisition of an additional royalty on a portion of the Churchrock uranium project owned indirectly by Laramide Resources Ltd. in New Mexico. The Churchrock project is an advanced-stage, in situ recovery (ISR) uranium project located in the Grants mineral belt of New Mexico, 12 miles northeast of Gallup, New Mexico. Laramide has disclosed that the Churchrock project and nearby properties represent one of the largest and highest-grade undeveloped ISR uranium projects in the United States.

The royalty is structured as a gross overriding royalty of 6 per cent mine price, which anticipates recovery of reasonable and actual costs to transport the mineral to the final point of sale. The royalty covers the 10 patented mining claims in Section 8 property (640 acres) that comprise New Mexico mineral survey 2220 on the Churchrock project.

Cash consideration of $3.5-million (U.S.) was paid by the company to the vendors at closing.

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 holdings 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.

Note on technical disclosure

Darcy Hirsekorn, the company's chief technical officer, has supervised the preparation of, and reviewed the technical information contained in, this news release. He holds a BSc in geology from the University of Saskatchewan, is a qualified person as defined in National Instrument 43-101, Standards of Disclosure for Mineral Projects, and is registered as a professional geoscientist in Saskatchewan.

Unless otherwise indicated, the scientific and technical information herein regarding the Churchrock project has been derived from the public disclosures of Laramide, copies of which are available under its profile on SEDAR+.

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