Royal GOLD Mining --- Evaluating Additional Quebec GOLD Projects

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ROYAL GOLD MINING INC.

Suite 701 - 595 Howe Street

Vancouver, BC V6C 2T5

ROYAL GOLD MINING --- EVALUATING

ADDITIONAL QUEBEC GOLD PROJECTS

Vancouver, BC, January 2, 20 20 – Royal Gold Mining Inc. (ROYL:TSXV) (the

“Company”) reports that it is evaluating additional gold exploration projects for the

Company situated in Quebec.

Contact Person: Mr. Glen Macdonald, P.Geo.

Telephone: (604)719-8129

Email: [email protected]

ON BEHALF OF THE BOARD

(signed) “Glen Macdonald”

Glen Macdonald

Chief Executive Officer and Director

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 involve 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. Statements 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 occurrenc e of future events or

circumstances, unless otherwise required to do so by law.