Summit Royalties Announces Appointment of Jerrold Annett as Chairman; Trading to Commence on Venture Exchange; Other Corporate Updates

TORONTO, Nov. 07, 2025 (GLOBE NEWSWIRE) -- Summit Royalties Ltd. (TSXV: SUM) (the "Corporation" or "Summit Royalties") is pleased to announce corporate updates in connection with the recently completed go-public transaction by way of a reverse takeover (the "RTO").

Commencement of Trading on the TSX Venture Exchange

In connection with the closing of the RTO and further to its news release on November 5, 2025 (titled "Summit Royalties Completes Go-Public Transaction"), the common shares of the Corporation (the "Common Shares") are scheduled to commence trading on the TSX Venture Exchange (the "Exchange") at market open on Monday, November 10, 2025, under the symbol "SUM".

In anticipation of commencement of trading on the Exchange, the Common Shares have been delisted from the Canadian Securities Exchange at market close today.

Appointment of Chairman of the Board

Mr. Jerrold Annett has been appointed as Chairman of the Board of Directors of the Corporation (the "Board") with the full board including Drew Clark, Blair Zaritsky, Stephen Eddy, and Russell Mills.

Mr. Annett, Chairman of the Board, commented: "I am pleased to accept the role of Chairman at this important stage for Summit Royalties. As a large shareholder, I am fully aligned with the Corporation's objectives and confident in its potential. The team has established a strong foundation, building a cash-flowing royalty business with 47 royalties in a short period of time. It is an exciting time to be a new entrant in the royalty space, with record metal prices and consolidation creating significant opportunities for growth. I look forward to working with the Board and management to advance Summit's strategy and deliver long-term value for shareholders."

Jerrold Annett has over 30 years of mining and capital markets experience, most recently serving as Senior Vice President, Strategy & Capital Markets at Capstone Copper. He has over a decade of mining sales experience, including nine years as head of mining sales at Scotiabank, a position he left to join Arizona Mining, which was acquired for $1.6 billion in cash. A professional engineer by background, Mr. Annett started his career working for Teck Resources and Falconbridge as a metallurgist.