Royal GOLD Mining Inc. Announces Grant of Stock Options

ROYAL GOLD MINING INC.

Suite 701 - 595 Howe Street

Vancouver, BC, V6C 2T5

ROYAL GOLD MINING INC. ANNOUNCES GRANT OF STOCK OPTIONS

Vancouver, BC, May 19, 202 0 – Royal Gold Mining Inc. (ROYL:TSXV) (the “Company”)

announces it pursuant to its Stock Option Plan, it has granted of stock options to certain consultants

of the Company to purchase an aggregate of 600,000 common shares of the Company at an exercise

price of $0.55 per share for a period of 2 years from the grant date. The options will vest immediately

as of the date of grant. This stock option grant is subject to acceptance by the TSX Venture Exchange.

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 s tatements 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 occurrence of future events

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