Abitibi Royalties Announces Normal Course Issuer Bid - Seite 2

In accordance with TSX-V policy, purchases by Abitibi Royalties under the 2017 NCIB are limited, when aggregated with the total of all other purchases in the preceding 30 days, to a maximum of 2% of the Company's issued and outstanding shares at the time the purchases are made.

The actual number of Common Shares which may be purchased and the timing of such purchases will be determined by Abitibi Royalties. Decisions regarding purchases will be based on market conditions, share price, best use of available cash, and other factors including other options to expand the Company's portfolio of assets.

As of September 19, 2017, Abitibi Royalties has purchased an aggregate of 65,200 of its common shares through the facilities of the TSX Venture Exchange under a normal course issuer bid (the "2016 NCIB") currently being conducted by the Issuer, which commenced October 6, 2016 and will end on October 5, 2017. Common shares purchased to date by the Issuer under the 2016 NCIB were purchased at an average price of $9.24 per common share. The 65,200 common shares purchased to date under the 2016 NCIB have been returned to the Issuer's treasury and cancelled. Abitibi Royalties previously repurchased an aggregate of 77,600 of its issued common shares through the facilities of the TSX Venture Exchange under a normal course issuer bid (the "2015 NCIB") previously conducted by the Issuer, which commenced October 6, 2015 and ended on October 5, 2016. Common shares purchased by the Issuer under the 2015 NCIB were purchased at an average price of $3.19 per common share. The 77,600 common shares purchased under the 2015 NCIB have been returned to the Issuer's treasury and cancelled.

About Abitibi Royalties Inc.

Abitibi Royalties holds a 3% NSR on the Odyssey North and other portions of the Odyssey Project, Jeffrey Zone, eastern portion of the Barnat Extension and parts of the historic East Malartic Mine, where the mineralization is located inside the Malartic CHL property and a 2% NSR on portions of the Gouldie and Charlie zones, all at the Canadian Malartic Mine near Val-d'Or, Québec. In addition, the Company is building a portfolio of royalties on early stage properties near producing mines. The Company owns common shares in Agnico Eagle Mines and Yamana Gold (Market value CDN$31.3 million - September 1, 2017), plus cash (Cash balance $7.3 million - Q2 June 30, 2017) of approximately CDN$38.6 million. The Company is debt free.