Abitibi Royalties

Canadian Malartic Mine Royalties Update

VAL-D'OR, QUÉBEC--(Marketwired - Sept. 26, 2017) - Abitibi Royalties Inc. (TSX VENTURE:RZZ) ("Abitibi Royalties" or the "Company") is pleased to provide an update on the Company's various net smelter royalties ("NSR") at the Canadian Malartic Mine, near Val-d'Or, Québec. The Canadian Malartic Mine is jointly operated by Agnico Eagle Mines Limited ("Agnico Eagle") and Yamana Gold Inc. ("Yamana").

Odyssey Project Exploration (3% NSR)

Abitibi Royalties holds a 3% NSR on the portions of the Odyssey Project (Odyssey North, Odyssey South, Internal Zone), within the Malartic CHL Property, which is located east of the Canadian Malartic open pit (Fig. 1).

A total of 65,102 metres of core in 96 holes have been completed as of September 1, 2017. Drilling has focused on discovery and definition of mineralized zones internal to Porphyry 12, which hosts the Odyssey North and Odyssey South deposits. Drilling has primarily targeted a block approximately 500 metres long and 300 metres wide, extending from 400 to 1100 metres below the surface.

Drilling has identified multiple gold-bearing structural corridors in a variety of complex and intersecting structural orientations within Porphyry 12. These mineralized corridors have been defined using a combination of geology, alteration envelopes, oriented core structural data and assay data. Internal Zone intercepts typically range from 5.0-30.0 metres drill width at 1.5 - 3.0 g/t Au, commonly with multiple intercepts per hole. Significantly higher grade zones have been intersected locally, ranging from 1.0-12.0 metres drill widths at 4.0 to +50.0 g/t Au (uncut) and additional work is underway to evaluate the continuity of these zones. An Inferred Mineral Resource estimation for the Internal Zone is to be completed by the end of 2017.

As of December 31, 2016 all of Odyssey North and the extreme northwest area of Odyssey South was contained within the Company's 3% NSR (Please see Company news release March 10, 2017 for the Odyssey Project resource estimate attributable to Abitibi Royalties 3% NSR). The Company believes based on publicly available information, that the Internal North Zones and the majority of the Jupiter Zones fall within Abitibi Royalties 3% NSR as shown on Yamana's Figure 10 cross section contained in its September 25, 2017 news release.