Significant Resource Expansion Announced at AurMac Gold Project, Yukon - Seite 3

Qualified Persons

As reported by Banyan, the updated Mineral Resource for the AurMac Property was prepared by Marc Jutras, P.Eng., M.A.Sc., Principal, Ginto Consulting Inc., a "Qualified Person" independent of the Company, as defined under National Instruction 43-101, Standard of Disclosure for Mineral Projects ("NI 43-101").

Technical information in this News Release has been reviewed and approved by C.C. Downie, P.Geo., a director and officer of Eagle Royalties, hereby identified as the "Qualified Person" under N.I. 43-101.

Update on Acacia, Lost Horse Projects

As reported in a news release issued by Eagle Plains Resources Ltd. ("EPL":TSX-V) on May 30^th, 2023, Eagle Plains has optioned its Acacia and Lost Horse projects to 1416753 BC Ltd ("141"), a subsidiary of NevGold Corp ("NAU:TSX-V) under terms as outlined in the announcement. Both of these projects are subject to royalties held in favour of Eagle Royalties (see ER website for additional details at https://www.eagleroyalties.com). Each of these projects are expected to see exploration activity during the upcoming field season.

About Eagle Royalties Ltd.

Eagle Royalties was previously a wholly-owned subsidiary of Eagle Plains Resources Ltd. ("EPL":TSX-V), incorporated in late 2022 to manage the diverse royalty holdings of EPL. In May 2023, ER was spun out to Eagle Plains' shareholders on a 1:3 basis by means of a plan of arrangement. Concurrent with the spin-out transaction, Eagle Royalties amalgamated with 1386884 B.C. Ltd., which effectively provided ER with CDN $2.7M in funding.

Eagle Royalties benefits from having over 50 royalty interests in western Canada, covering a broad spectrum of commodities including critical metals, precious metals, uranium, industrial minerals and diamonds. Projects subject to royalties in favour of ER are controlled by companies including Cameco Corp., Iso Energy Corp., Denison Mines Corp., Skeena Resources Ltd. and Hecla Mining Co./Banyan Gold Corp., among many others.

On behalf of the Board of Directors

"Tim J. Termuende"
President and CEO

For further information on ER, please contact Mike Labach at
1 866 HUNT ORE (486 8673)
Email: [e-mail] or visit our website at https://www.eagleroyalties.com/

Cautionary Note Regarding Forward-Looking Statements

Neither the CSE nor any other regulatory body has reviewed or approved the contents of this news release. This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming financings, work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.

SOURCE: Eagle Royalties Ltd.

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The Eagle Plains Resources Stock at the time of publication of the news with a raise of 0,00 % to 0,210EUR on TSX Venture stock exchange (31. Mai 2023, 23:00 Uhr).