Nations Royalty Announces CEO Transition
Nations Royalty Announces CEO Transition
January 6, 2026 - Vancouver, BC - Nations Royalty Corp. (TSX-V: NRC) (OTCQB: NRYCF) (FRA: Y96)
(“Nations Royalty” or the “ Company”) is pleased to announce the appointment of Derrick Pattenden as
President and Chief Executive Officer (“CEO”) of the Company, effective immediately.
Mr. Pattenden succeeds Robert McLeod, who has served as founder, CEO, and Director of the Company since
its inception . Mr. McLeod will continue to serve as a D irector to the Company for the foreseeable future ,
supporting a seamless leadership transition. Mr. McLeod is stepping into the rol e of CEO of Ascot Resources
Ltd. (“Ascot”); Nations Royalty has royalty interests in the Premier and Red Mountain deposits owned by Ascot.
Mr. McLeod, Director of Nations Royalty , commented, “Founding Nations Royalty with the Nisga’a Nation
and guiding it through its early stages has been an incredibly meaningful journey. As the Company enters its
next phase of growth, the Board and I believe this is the right time to transition leadership to Derrick. He brings
deep industry expertise, capital markets experience, and a strong understanding of our assets and values. One
of our key goals is for an Indigenous management and I am excited for Derrick to take on the roll of CEO. I
have full confidence in his ability to lead Nations Royalty forward, and I look forward to continuing to support
the Company as a director.”
Mr. Pattenden is a proud band member of the Mohawks of the Bay of Quinte First Nation and has served as the
Company’s Chief Investment Officer since May 2024 . He was appointed to the Board of Directors at the
Company’s most recent Annual General & Special Meeting. With over 15 years of experience in the mining
industry, Mr. Pattenden has an extensive background in finance, mergers, and acquisitions. He holds a Bachelor
of Applied Science in Mining Engineering from the University of British Columbia and is a Chartered Financial
Analyst (CFA).
Mr. Pattenden, President, Chief Executive Officer and Director of Nations Royalty stated , “On behalf of the
entire Nations Royalty team, I would like to thank Robert for his leadership in establishing and building this
company. His vision was instrumental in creating Canada’s first majority Indigenous -owned publicly traded
mining royalty company. As we transition into our next phase, I am grateful that Robert will remain actively
involved as a Director, contributing his deep knowledge of our assets, the Golden Triangle region, and the
relationships that underpin our success. I look forward to building on this strong foundation as we advance the
Company’s strategic objectives.”
About Nations Royalty Corp.
The Company’s vision is to unite First Nations and Indigenous groups across Canada, welcoming external
investors to join the Company as shareholders. Together, they will combine royalties, income and commodity
streams and annual benefit payment entitlements from resource projects, tapping into the growth, diversification
and value potential typical of publicly traded royalty companies. As a leader in the spirit of economic
reconciliation, Nations Royalty’s mission includes capacity building of Indigenous People in public companies
and capital markets.
Nations Royalty’s foundation begins with five annual benefit payment entitlements in place in respect of the
following properties in Canada:
The high-grade Brucejack gold mine operated by Newmont Corporation;
The KSM Copper-Gold-Silver-Molybdenum deposit, currently in development by Seabridge Gold
Inc.;
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The Premier Gold Project, currently evaluating a restart decision by Ascot Resources Ltd.;
The Red Mountain Gold Deposit, owned by Ascot Resources Ltd.; and
The Kitsault Molybdenum Deposit, a large, fully permitted brownfield site owned and being actively
advanced by New Moly LLC, majority-owned by Resource Capital Fund VI L.P.
On behalf of the Board of Directors of Nations Royalty Corp.
“Derrick Pattenden”
Derrick Pattenden, President, CEO and Director
(604) 609-6126
For more information, please contact:
Kody Penner, VP Corporate Development
(604) 356-4995
Cautionary Statement Regarding Forward-Looking Information
Except for the statements of historical fact, this news release contains “forward -looking information” within the meaning
of applicable Canadian securities legislation. When used in this news release, the words “estimate”, “project”, “belief”,
“anticipate”, “intend”, “expect”, “plan”, “predict”, “may” or “should” and the negative of these words, or variations
thereon or comparable terminology are intended to identify forward- looking statements and information. The forward-
looking statements and information in this news release include information relating to Derrick Pattenden’s ability to help
Nations Royalty partner with Indigenous groups across Canada. Such forward- looking information is based on the
Company’s expectations, estimates and projections as at the date of this news release.
By their nature, forward-looking statement involve known and unknown risks, uncertainties and other factors, which may
cause actual result, performance or achievements to differ materially from those expressed or implied by such statements,
including but not limited to: the potential inability of the Company to continue as a going concern, risks associated with
potential governmental and/or regulatory action with respect to the Company’s operations, the potential inability of the
Company to implement its business plan going forward. Such statements and information reflect the current view of the
Company and are based on information currently available to the Company. In connection with the forward- looking
information contained in this news release, the Company has made assumptions regarding Derrick Pattenden’s ability to
help Nations Royalty partner with Indigenous groups across Canada that no significant events will occur outside the
Company’s normal course of business. Altho ugh the Company believes that the assumptions inherent in the forward-
looking information are reasonable, forward-looking information is not a guarantee of future performance and accordingly
undue reliance should not be put on such information due to the inherent uncertainty therein.
Any forward -looking information speaks only as of the date on which it is made and, except as may be required by
applicable securities laws, the Company disclaims any intent or obligation to update any forward- looking information,
whether as a result of new information, future events or results or otherwise.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.