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Dr. Christian G. Derosier Joins Royal GOLD Mining as Vice-President of Exploration

Management Changes

Page 1 of 2 | Royal Gold Mining Inc. | Suite 701 - 595 Howe Street, Vancouver, BC V6C 2T5

DR. CHRISTIAN G. DEROSIER JOINS ROYAL GOLD MINING

AS VICE-PRESIDENT OF EXPLORATION

VANCOUVER, CANADA, January 14, 2020 – Royal Gold Mining Inc. (the “Company”) (TSX-

V Symbol: “ROYL”), is pleased to announce the appointment of Dr. Christian Derosier, P.Geo., D.Sc.,

to the position of Vice-President of Exploration.

Dr. Derosier received his Diploma in Physical, Chemical, and Natural Sciences (S.P.C.N.) from the

University of Paris, France in 1966; followed by his M.Sc., Geology in 1969 and his D.Sc. Geology in

1971, also from the University of Paris. He is a member of the Order of Geologists of Quebec and the

Canadian Institute of Mining and Metallurgy. He brings almost 50 years of global exploration, project

development and mining experience to Royal Gold Mining’s management team. He is fluent in both

French and English and as well, has working knowledge of Spanish, Arabian and German.

Dr. Derosier has served as a Director of the Prospectors and Developers Association of Canada and as

both a Vice-President and a President of the Quebec Prospectors Association. In addition, he is very

experienced in the workings of exploration companies having, over the past 20 years, served as a

Founder, Director, and President of a number of Canadian junior exploration companies.

Dr. Derosier possesses a wealth of knowledge and experience on both a national and international level.

He has spearheaded an expansive and diversely challenging range of worldwide assignments for dozens

of Canadian and International exploration and mining companies. In his successful career of exploration,

development and mining endeavors he has amassed an enormous wealth of worldwide experience

working on and heading up projects in the countries of Canada, USA, Colombia, Peru, Chile,

Argentina, Venezuela, Ecuador, People’s Republic of China, Belgium, France, Cameroon, Guinea,

Ghana, Madagascar, Morocco, Algeria, Tunisia, Mali, Niger, Nigeria, Haiti, and Guyana. Some of his

responsibilities have been carrying out Economic Impact Studies; arranging mining financings;

supervising extensive drill programs; evaluating mineral deposits and producing mines; compiling

inventories of resources and reserves; undertaking ore reserve calculations; and being involved and

instrumental in a number of notable discoveries.

Dr. Derosier recently managed the exploration and development of two of Canada’s more significant

Vanadium-Titanium-Iron resources the Lac Dore and Iron-T, each of which is located in the province

of Quebec. He was responsible for the acquisition of the Iron-T Vanadium-Iron-Titanium project for

Vanadium Corp. He advanced the Iron-T Deposit into its current size it is today and managed it

through a succession of positive technical studies. He also managed the first serious exploration and

drilling programs carried out on the Lac Dore Deposit since the early 2000’s.

Dr. Derosier is very familiar with the geology specific to all Quebec and Ontario mining camps;

especially in the Beauce, Chibougamau, Matagami, Val d’Or, Rouyn-Noranda, and Timmins.

A few highlights of Dr. Derosier’s experience and achievements specific to Quebec would include:

• Christian was highly involved in the financing and discovery of the Gonzague-Langlois polymetallic

mine in Lebel sur Quevillon (VSM Resources, 1989) which was sold to Cambior and is now owned

and operated by Nyrstar NV

• Instrumental in the discovery of a 2 million ton copper deposit near Chibougamau (the Corner Bay

Project), Quebec.

Page 2 of 2 | Royal Gold Mining Inc. | Suite 701 - 595 Howe Street, Vancouver, BC V6C 2T5

• Instrumental in programs for increasing and proving the reserves of two titaniferous ore deposits

around the Lac Allard ilmenite deposit, Quebec; undertaking and proving ore reserves of a 100 million

tonne asbestos deposit near Chibougamau, Quebec, Canada for Rio Algom Mines Ltd.; and carrying

out an evaluation and ore reserve calculation for an asbestos deposit of 100 million tonnes near

Chibougamau, Quebec.

Dr. Derosier was instrumental in the screening and acquisition of these acquisition projects as well as

many others. He has provided his expertise and endorsement as the Qualified Person (QP) under National

Instrument 43-101 on numerous qualifying projects of merit.

Dr. Derosier, P.Geo., D.Sc., commented, “I am looking forward to be contributing to the success

of Royal Gold Mining during this evolving time and its newly optioned Beauce Gold Property. The

Royal Gold Mining team’s optimism, ingenuity and tenacity should provide lots of opportunity for

Royal Gold Mining investors and I look forward to being part of that experience, which must be based

on the highest level of trust and integrity.”

About Royal Gold Mining Inc:

Royal Gold Mining Inc. is a mineral exploration company based in Vancouver, British Columbia,

Canada. Our primary focus is to identify, acquire, advance and develop North American precious metal

exploration projects with solid infrastructure. In addition to its Kirkland Creek project in the Yukon, its’

newly optioned Beauce G old property is located in southeastern Quebec. Royal Gold Mining Inc. is

managed by an experienced team of mining professionals with extensive operating and financial

experience.

ON BEHALF OF THE BOARD OF DIRECTORS

(signed) “Glen Macdonald”

Glen Macdonald

Chief Executive Officer and Director

Telephone: (604)719-8129

Email: [email protected]

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.

This news release may contain forward -looking statements that are based on Royal Gold

Mining Inc.'s expectations, estimates and projections regarding its business and the economic

environment in which it operates. These statements are not guarantees of future performance

and in volve risks and uncertainties that are difficult to control or predict. Therefore, actual

outcomes and results may differ materially from those expressed in these forward -looking

statements and readers should not place undue reliance on such statements. St atements

speak only as of the date on which they are made, and Royal Gold Mining Inc. undertakes no

obligation to update them publicly to reflect new information or the occurrence of future events

or circumstances, unless otherwise required to do so by law.