Gold Royalties Corporation to Acquire Gold Royalty Portfolio in Quebec - Seite 2

Details about the properties underlying the Windfall 184 NSR and Windfall 29 NSR royalties may be found by way of the Eagle Hill Exploration Corp. website:
http://www.eaglehillexploration.com/investors/news_releases/eagle_hill_exploration_consolidates_100_ownership_of_windfall_lake_gold_pro/

The Waconichi Royalty

The Acquisition includes a 1% NSR on claims comprising the Waconichi property (the "Waconichi NSR") operated by Northern Superior Resources Inc. as part of their Croteau Est Gold Project. Northern Superior Resources Inc. may repurchase one half of the Waconichi NSR for a cash payment of $1,000,000.

The operator of the Waconichi property has initiated a 2014 drilling campaign on the Croteau East Gold Project, and further details of the project may be found by way of the Northern Superior Resources Inc. website:
http://www.nsuperior.com/Projects/Croteau-Est-Gold-Property.aspx

Transaction Details

Consideration for the above five NSR royalty interests will be 328,948 common shares of Gold Royalties (the "Gold Royalties Shares") at a deemed value of $0.38 per Gold Royalties share (the "Share Consideration").

In addition to the above five NSR royalty interests, Gold Royalties may, upon certain preconditions, acquire a sixth royalty as part of the transaction, being a 1% NSR on claims on the Benoist Property in Quebec (the "Benoist NSR") operated by Cartier Resources Inc. Acquisition of the Benoist NSR is subject to a right of first refusal held by Cartier Resources Inc. In the event that the Benoist NSR is also acquired as part of the transaction then the Share Consideration shall be increased by an additional 197,378 common shares of Gold Royalties at a deemed value of $0.38 per Gold Royalties share.

Closing of the Acquisition is expected to occur on or before April 30, 2014 and is subject to certain conditions, including execution of a definitive agreement and the approval of the TSX Venture Exchange Inc.

Update on Bradshaw Gross Royalty

The Company is also pleased to advise that subsequent to closing of Gold Royalties acquisition of the Bradshaw Gross Royalty (see Gold Royalties press release dated December 13, 2013) that Gold Royalties' interest in the right of first refusal with respect to gold stream funding associated with the Bradshaw Gold Deposit being advanced by GoWest Gold Ltd. has been increased to a 100% allocation from a 50% allocation with no additional consideration incurred by Gold Royalties. Gold Royalties continues to monitor the advancement of this deposit with respect to future gold stream financing opportunities.