Mr. Scott Melbye reports

URANIUM ROYALTY ANNOUNCES VOTING RESULTS AND APPOINTMENT OF DIRECTOR

At Uranium Royalty Corp.'s annual general and special meeting held on Oct. 17, 2024, all nominees listed in its management information circular dated Aug. 23, 2024, were elected as directors of the company.

Each of the following five nominees proposed by management was elected as a director on a vote by show of hands. The proxies received by management with respect to the election of directors were as shown in the attached table.

As a result, the board of directors of the company now consists of Amir Adnani, Scott Melbye, Vina Patel, Neil Gregson and Donna Wichers. At the meeting of the board which followed the AGSM, the following directors were appointed as members and respective chairs of the board committees for the ensuing year: (i) audit committee composed of Mr. Gregson (chair), Ms. Patel and Ms. Wichers; (ii) compensation committee composed of Ms. Patel (chair) and Mr. Gregson; and (iii) nominating and corporate governance committee composed of Ms. Patel (chair), Mr. Gregson and Ms. Wichers. Mr. Adnani was appointed as the chairman of the board and Ms. Patel was appointed as the lead independent director for the board.

Shareholders also approved (i) the appointment of PricewaterhouseCoopers LLP, chartered professional accountants, as the company's auditor for the ensuing year and the authorization of the board to fix the auditor's remuneration and (ii) certain amendments to the company's long-term incentive plan.

A total of 60,041,175 common shares of the company were voted at the meeting, representing 49.42 per cent of the votes attached to all outstanding common shares. Detailed voting results for the meeting are available on SEDAR+.

New director appointment

The company is pleased to announce the election of Ms. Wichers as a new member of the board.

Ms. Wichers has over 40 years of experience in senior roles with in situ recovery and conventional uranium mines in the United States, including past positions with mining subsidiaries of Uranium One Americas Inc. (now UEC Wyoming Corp.), Orano SA, Rio Algom, Arizona Public Service and Westinghouse, and has provided annual consulting services to the International Atomic Energy Commission since 2015. Ms. Wichers is a past member of the boards of directors of the National Mining Association, the Wyoming Mining Association and the Uranium Producers of America, and is a past chairman of the Society of Mining Engineers of American Institute of Mining, Metallurgical, and Petroleum Engineers, Incorporated (AIME), Wyoming Mining and Metals Section. Ms. Wichers holds a master of science in water resources and a bachelor of science with honours in Microbiology, both from the University of Wyoming.

The company believes Ms. Wichers is qualified to serve on its board because of her extensive experience in the mining industry and as a board member of various entities.

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. 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.