Altius Minerals Increases Ownership of Orogen Royalties to 18.15% Through Exercise of Warrants

VANCOUVER, BC / ACCESSWIRE / April 25, 2024 / (TSXV:OGN)(OTCQX:OGNRF) Orogen Royalties Inc. ("Orogen" or the "Company") announces Altius Minerals Corporation (TSX:ALS) ("Altius") has increased its ownership in Orogen.

Altius Resources Inc., a wholly owned subsidiary of Altius, has acquired 7,115,545 common shares of Orogen through the exercise of 7,115,545 common share purchase warrants at $0.4017. The warrants were acquired through a private placement completed in April 2019. The total amount received for the warrant exercise is $2,858,314. Altius now holds a total of 36,430,561 common shares, or 18.15% of the issued and outstanding common shares of the Company and 17.18% on a fully diluted basis.

A copy of Altius Resource Inc.'s early warning report will appear on the Company's profile on SEDAR+ at www.sedarplus.com and may also be obtained from Altius' office at 38 Duffy Place, 2nd Floor St. John's NL A1B 4M5 or by calling 1-877-576-2209.

About Orogen Royalties Inc.

Orogen Royalties is focused on organic royalty creation and royalty acquisitions on precious and base metal discoveries in western North America. The Company's royalty portfolio includes the Ermitaño gold and silver Mine in Sonora, Mexico (2.0% NSR royalty) operated by First Majestic Silver Corp. and the Expanded Silicon gold project (1.0% NSR royalty) in Nevada, U.S.A, being advanced by AngloGold Ashanti NA. The Company is well financed with several projects actively being developed by joint venture partners.

On Behalf of the Board
OROGEN ROYALTIES INC.

Paddy Nicol
President & CEO

To find out more about Orogen, please contact Paddy Nicol, President & CEO at 604-248-8648, and Marco LoCascio, Vice President of Corporate Development at 604-248-8648. Visit our website at www.orogenroyalties.com.

Orogen Royalties Inc.
1015 - 789 West Pender Street
Vancouver, BC
|Canada V6C 1H2

Forward Looking Information

This news release includes certain statements that may be deemed "forward looking statements". All statements in this presentation, other than statements of historical facts, that address events or developments that Orogen Royalties Inc. (the "Company") expect to occur, are forward looking statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur.