Significant Resource Expansion Announced at AurMac Gold Project, Yukon - Seite 2

0.3

74.3

0.6

1,444

Total Combined

0.25 to 0.3

312.9

0.61

6,181

The effective date for the Mineral Resource is May 18, 2023. Mineral Resources which are not Mineral Reserves do not have demonstrated economic viability. The estimate of Mineral Resources may be materially affected by environmental, permitting, legal, title, taxation, sociopolitical, marketing, changes in global gold markets or other relevant issues. The CIM Definition Standards were followed for classification of Mineral Resources. The quantity and grade of reported Inferred Mineral Resources in this estimation are uncertain in nature ‎and there has been insufficient exploration to define these Inferred Mineral Resources as an ‎Indicated Mineral Resource and it is uncertain if further exploration will result in upgrading them to an ‎Indicated or Measured Mineral Resource category. Mineral Resources are reported at a cut-off grade of 0.25 g/t Au for the Airstrip and Powerline and 0.3 g/t Au for the Aurex Hill deposits, using a US$/CAN$ exchange rate of 0.75 and constrained within an open pit shell optimized with the Lerchs-Grossman algorithm to constrain the Mineral Resources with the following estimated parameters: gold price of US$1,800/ounce, US$2.50/t mining cost, US$5.50/t processing cost, UD$2.00/t G+A, 80% heap leach recoveries, and 45° pit slope. The number of tonnes was rounded to the nearest hundred thousand. The number of ounces was rounded to the nearest thousand. Any discrepancies in the totals are due to rounding effects; rounding followed the recommendations as per NI 43-101.

Tim Termuende, President and CEO of Eagle Royalties commented recently on the announcement: "We applaud the efforts and significant achievements of Banyan's management and technical team in the advances made at AurMac. As Banyan remains focused on growth in 2023, we look forward to future results from this important project".

Eagle Royalties management is in the process of assessing the impact of the resource increase on mineral tenures subject to the Eagle Royalties NSR's, if any, but initial information indicates an increase in inferred resource estimate pit extent over claims subject to the various Eagle Royalties' NSR's. Please visit the Eagle Royalties website for additional information at https://www.eagleroyalties.com