Royal Gold Mining Inc. to change its name to AuQ Gold Mining Inc. and symbol to AUQ

ROYAL GOLD MINING INC.

Suite 701 - 595 Howe Street

Vancouver, BC, V6C 2T5

Royal Gold Mining Inc. to change its name to AuQ Gold Mining Inc. and symbol

to AUQ

Vancouver, BC, October 30, 2020 – Royal Gold Mining Inc. ( TSXV:ROYAL; PINK:NSVLF) (the

“Company”) is pleased to announce that its Board of Directors has approved a new name of “AuQ

Gold Mining Inc.” for the C ompany. The new name is symbolic of the C ompany’s endeavours in

gold mining exploration. “Au” represents the symbol for the chemical element Gold. The “Q” in the

new name represents the pride the C ompany has in conducting exploration in the Province of

Quebec. The new name will be effective on Wednesday Nember 4, 2020 and the shares of the

Company will trade under the symbol of AUQ.

No actions are required to be taken by shareholders.

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 occurrence of future events

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