Elemental Royalty Announces Normal Course Issuer Bid

Denver, Colorado--(Newsfile Corp. - June 11, 2026) - Elemental Royalty Corporation (TSX: ELE) (NASDAQ: ELE) ("Elemental" or the "Company") is pleased to announce that it has filed Notice of Intention to Make a Normal Course Issuer Bid ("NCIB") with the Toronto Stock Exchange (the "TSX") and intends to transact the NCIB through the facilities of the TSX, the Nasdaq Capital Market ("Nasdaq"), other designated exchanges and/or alternative trading systems in Canada and the United States or by such other means as may be permitted under applicable securities laws during the term of the NCIB.

Pursuant to the NCIB, Elemental may, during a 12-month period commencing June 15, 2026, and ending June 14, 2027, purchase up to 3,222,537 common shares in the capital of the Company (the "Shares"), being up to 5% of Elemental's issued and outstanding Shares as at June 4, 2026.

The Board of Directors of Elemental believes that, from time to time, the market price of the Shares may not fully reflect the underlying value of Elemental's royalty portfolio, cash flow profile and growth prospects. Accordingly, Elemental believes that the NCIB provides an additional capital allocation tool and that purchasing its Shares may represent an appropriate and desirable use of corporate funds and an opportunity to enhance shareholder value.

The average daily trading volume ("ADTV") of the Company's Shares on the TSX for the period from April 7, 2026, to June 4, 2026, as calculated in accordance with TSX rules, was 43,645 Shares. Accordingly, purchases made through the facilities of the TSX will be subject to a daily purchase limit of 10,911 Shares, representing 25% of the ADTV, subject to certain permitted exceptions under TSX rules for larger block purchases. In addition to purchases made through the facilities of the TSX, the Company intends to purchase Shares through the facilities of the Nasdaq and other designated exchanges and/or alternative trading systems in Canada and the United States as part of its NCIB, subject to applicable securities laws and exchange requirements. Given that the substantial majority of the Company's trading volume is conducted on Nasdaq, the Company expects that the majority of repurchases under the NCIB will be made through the facilities of Nasdaq.

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