Gold Royalties Corporation to Acquire Gold Royalty Portfolio in Quebec

CALGARY, ALBERTA--(Marketwired - April 7, 2014) - Gold Royalties Corporation (TSX VENTURE:GRO) ("Gold Royalties" or "Company") is pleased to announce that it has entered into a binding letter of intent (the "Acquisition") to acquire a portfolio of NSR royalties (the "Assets") from Murgor Resources Inc. (TSX VENTURE: MGR).

The Assets consist of five net smelter return (NSR) royalties on Quebec-based gold projects, plus an option for a further sixth NSR royalty interest.

"This deal materially grows the count of our royalty portfolio, which will reach or exceed 20 royalty interests in Canada upon completion of the transaction. In addition, the acquisition bolsters our position as the leading gold royalty company in the Urban-Barry greenstone belt. It also provides Gold Royalties with up to $2.75M of potential future cash payments from operator buy-down options," stated Ryan Kalt, President and Chief Executive Officer of Gold Royalties.

About the Royalties

The Barry Royalties

The Acquisition includes two new royalty interests on claims surrounding the Barry Gold Deposit being advanced by Metanor Resources Inc. The first of these is a 1% NSR on claims immediately north of the Barry Gold Deposit (the "Barry-1 NSR"). Metanor may re-purchase one half of the Barry-1 NSR for a cash payment of $500,000. The second royalty is a 0.5% NSR on claims surrounding the Barry Gold Deposit (the "Barry United NSR"). Metanor may re-purchase one half of the Barry United NSR for a cash payment of $250,000.

Gold Royalties first entered the Urban-Barry gold district in March 2013 when it acquired a 1% NSR royalty on the Barry Gold Deposit owned by Metanor Resources Inc. (see Gold Royalties press release dated March 13, 2013), furthered by an acquisition in October 2013 of a 1% NSR on the Eastern Extension Gold Deposit being advanced by BonTerra Resources Inc. (see Gold Royalties press release dated October 23, 2013).

With respect to Metanor Resources Inc., the Company also holds a revenue-producing NSR royalty interest on their Bachelor Lake Gold Mine, located approximately 120 km from the Barry Gold Deposit. Metanor Resources Inc. recently announced two separate 15,000 meter drilling programs at their Barry and Bachelor Lake properties.

The Windfall Royalties

The Acquisition includes two new royalty interests on claims proximate to the Windfall Lake Gold Deposit being advanced by Eagle Hill Exploration Corp. The first of these is a 1% NSR on claims north of Windfall Lake (the "Windfall 184 NSR"). Eagle Hill Exploration Corp. may repurchase the Windfall 184 NSR for a cash payment of $500,000. The second of these is a 0.5% NSR on claims immediately north of the Windfall Lake Gold Deposit (the "Windfall 29 NSR"). Eagle Hill Exploration Corp. may repurchase the Windfall 29 NSR for a cash payment of $500,000.