Empress Announces Acquisition of North American Royalty Portfolio
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NEWS RELEASE | JU LY 10 , 202 6 | VANCOUVER , BC
EMPRESS ANNOUNCES ACQUISITION OF NORTH AMERICAN ROYALTY
PORTFOLIO
VANCOUVER, B.C. – July 10, 2026 - Empress Royalty Corp. (TSXV: EMPR | OTCQX: EMPYF)
(“Empress” or the “Company”) is pleased to announce it has entered into a Royalty Purchase
Agreement (the “Agreement”) with Almadex Minerals Ltd . (“Almadex”) for the acquisition of a
portfolio of fourteen (14) pre-production net smelter return (“NSR”) royalties from Almadex. The
portfolio includes royalty interests on mineral properties in Canada, the United States and
Mexico.
“By acquiring these royalties at an early stage, we are expanding Empress’ pipeline of future
royalty opportunities while maintaining our disciplined approach to capital allocation ,” stated
Alexandra Woodyer Sherron , CEO and President, of Empress . “This portfolio gives Empress
exposure to fourteen royalties across North America. We see potential upside across a number
of these projects and believe this acquisition meaningfully expands our pipeline of future royalty
interests. Our strengthened balance sheet and increased financial flexibility now allow us to
selectively pursue opportunities like this when they offer compelling long -term value. While our
primary investment focus remains on producing and near-term producing precious metal royalties
and streams, we will continue to capitalize on exceptional opportunities that complement our
portfolio and have the potential to generate significant long-term shareholder value.”
The portfolio provides diversified exposure across three premier mining jurisdictions. Supported
by well-funded operators including Alamos Gold, McEwen Mining, Kodiak Copper and Westhaven
Gold, the portfolio includes projects with active exploration and development programs as well
as clear medium to long -term project catalysts. The royalty interests provide long -term
optionality and upside potential without requiring additional capital commitments from
Empress. The projects to which Empress will hold a royalty have the potential to benefit from
district-scale exploration, operator-driven project advancement, and jurisdictional strength.
Key Portfolio Highlights
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Prospect Valley Royalty and Skoonka Creek Royalty (British Columbia, Canada)
• Prospect Valley Royalty and Skoonka Creek Royalty (British Columbia, Canada) – The
Prospect Valley Royalty and Skoonka Creek Royalty each consist of a 2.0% NSR covering
Westhaven Gold Corp.‘s (“Westhaven”) 100%-owned Prospect Valley and Skoonka Creek
projects, respectively, located within the Spences Bridge Gold Belt in southern B ritish
Columbia. The projects form part of Westhaven’s district -scale land package, where
Westhaven controls more than 60,000 hectares prospective for epithermal gold
mineralization. In February 2026, Westhaven completed a strategic earn -in agreement
with Dundee Corporation (“Dundee”), under which Dundee may earn up to a 60% interest
in the four -project district by funding up to C$85M in staged project expenditures,
including a firm commitment to invest C$30M during the initial phase (Westhaven Press
Release dated February 23, 2026) . The partnership combines Dundee’s financial
commitment with Westhaven’s experienced leadership and technical team and is
expected to accelerate exploration and development across the district (Westhaven Press
Release dated February 23, 2026). Continued exploration success at Westhaven’s flagship
Shovelnose Gold Project and the broader Spences Bridge Gold Belt has the potential to
enhance the long-term value of the Prospect Valley and Skoonka Creek royalties.
• Dillard Royalty (British Columbia, Canada) – The Dillard Royalty is a 2.0% NSR covering
mineral claim 249368, which forms part of Kodiak Copper Corp.‘s (“Kodiak”) 100%-owned
MPD Copper-Gold Project (“MPD”) in southern British Columbia. The MPD Project is a
district-scale copper-gold porphyry system comprising multiple mineralized zones across
a large, consolidated land package. In January 2026, Kodiak announced its inaugural NI
43-101 mineral resource estimate for MPD, which included the Dillard deposit as one of
seven resource areas (Kodiak Press Release dated January 23, 2026). The Dillard Royalty
provides Empress with exposure to a n exploration project operated by an experienced
management team with a track record of discovery and value creation. Kodiak
announced that its 2026 drill program is targeting further resource expansion at Dillard,
with an updated mineral resource estimate anticipated in Q1 2027. Continued drilling,
resource growth and advancement of the broader MPD Project have the potential to
enhance the long-term value of the royalty.
• Los Venados Royalty (Sonora, Mexico) – The Los Venados Royalty is a 2.0% NSR covering
the Los Venados property, located within Alamos Gold Inc.’s (“Alamos”) producing
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Mulatos District in Sonora, Mexico. Los Venados is strategically located approximately
one to two kilometres from the Mulatos open pit mine and near the high -grade Puerto
Del Aire (“PDA”) underground development project, which is expected to begin
production in mid -2027 (Alamos Gold Press Release dated September 4, 2024) . The
Mulatos District is a long-established gold-producing district with existing infrastructure,
multiple mineralized zones and significant exploration potential. In 2025, Alamos
consolidated ownership of Los Venados through its subsidiary, Minas de Oro Nacional,
further integrating the property into its broader Mulatos District growth strategy (Aloro
Mining Press Release dated May 7, 2025). Alamos has announced that its ongoing district-
wide exploration program is focused on identifying additional higher-grade mineralization
that could support future mill feed for PDA and extend the long -term production profile
of the Mulatos District. Continued exploration success and advancement of PDA have the
potential to enhance the long-term value of the Los Venados Royalty.
• El Encuentro Royalty (Sinaloa, Mexico) — The El Encuentro Royalty is a 2.0% NSR covering
McEwen Inc.’s (“McEwen”) El Encuentro project, located approximately 10 kilometres
from McEwen’s El Gallo gold -silver complex in Sinaloa, Mexico. El Encuentro is situated
in a productive gold -silver belt and covers an area of hydrothermal alteration and gold -
silver mineralization, providing Empress with exposure to potential future growth within
McEwen’s broader regional land package. McEwen has disclosed that it is advancing the
restart of the El Gallo complex through a phased redevelopment strategy, with
construction targeted to begin in mid-2026 and Phase 1 gold production targeted for mid-
2027 (McEwen Press Release dated December 16, 2025) . The project benefits from
proximity to established mining infrastructure and an experienced operator in Mexico.
Continued advancement of the El Gallo restart and future regional exploration have the
potential to enhance the long-term value of the El Encuentro Royalty.
• Willow Royalty (Nevada, United States) – The Willow Royalty is a 2.0% NSR covering
Abacus Mining & Exploration Corp .‘s (“Abacus”) 100% -owned Willow copper -gold
property, located within the Yerington copper district in Nevada, one of North America’s
premier porphyry copper belts. The project is prospective for copper -gold porphyry
mineralization and has been advanced through geological, geochemical and geophysical
surveys, together with drilling that intersected the Luhr Hill granite, the host rock
associated with known porphyry co pper deposits in the district (Abacus Press Release
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dated October 28, 2021) . Continued exploration and drilling have the potential to
enhance the long-term value of the Willow Royalty.
Royalty Portfolio
Property Jurisdiction Operator / Owner Commodity Terms
Prospect Valley BC, Canada Westhaven Gold Corp. Gold 2.0% NSR
Skoonka Creek BC, Canada Westhaven Gold Corp. Gold 2.0% NSR
Dillard BC, Canada Kodiak Copper Corp. Copper/Gold 2.0% NSR
Ponderosa BC, Canada AuGold Corp. Gold/Silver 2.0% NSR
Goz Creek Yukon, Canada Silver North Resources Ltd. Zinc/Lead/Silver 2.0% NSR
Tim Yukon, Canada Silver North Resources Ltd Silver/Zinc/Lead 2.0% NSR
Willow Nevada Abacus Mining &
Exploration Corp. Copper/Gold 2.0% NSR
Los Venados Sonora Alamos Gold Inc. Gold/Silver 2.0% NSR
El Encuentro Sinaloa McEwen Inc. Gold/Silver 2.0% NSR
Cerro Colorado Oaxaca Gold Resource Corporation Gold/Silver 2.0% NSR
El Fuego Oaxaca Gold Resource Corporation Gold/Silver 2.0% NSR
Caballo Blanco Veracruz Candelaria Mining Corp. Gold/Silver 1.5% NSR
La Bufa Chihuahua Endeavour Silver Corp. Gold/Silver 2.0% NSR
Ram Yukon, Canada Long & Associates Gold/Silver 2.0% NSR
Transaction Terms
Under the terms of the Agreement, total consideration for the Royalty Portfolio is US$2.5 M,
payable as to US$1M in cash and US$1.5M through the issuance of 2,562,802 common shares of
the Company (the "Consideration Shares"). The Consideration Shares will be issued on closing of
the Transaction at a deemed price of C$0.83 per share, calculated based on the 20-day VWAP at
the trading day immediately prior to the date of execution of the Agreement and converted at
the prevailing Bank of Canada exchange rate.
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The Consideration Shares will be subject to a statutory hold period of four months and one day
from the date of closing of the Transaction , in accordance with applicable Canadian securities
laws.
Closing of the Transaction is expected to occur before August 31, 2026 , and is subject to the
satisfaction of customary closing conditions, including the receipt of all necessary corporate and
regulatory approvals, including the approval of the TSX Venture Exchange.
Qualified Person
Grant Carlson, P. Eng., a Qualified Person as defined by National Instrument 43 -101 and a
consultant to the Company, has reviewed, verified and approved the disclosure of the technical
information contained in this news release.
ABOUT EMPRESS ROYALTY CORP.
Empress is a global royalty and streaming creation company providing investors with a diversified
portfolio of gold and silver investments. Empress has built a portfolio of precious metal
investments and is actively investing in mining companies that require additional non -dilutive
capital. The Company has a strategic partnership with Endeavour Financial, which allow Empress
to access global investment opportunities while benefiting from mining finance expertise and
deal structuring . Empress is focused on continuously creating long-term shareholder value
through the proven royalty and streaming business model.
ON BEHALF OF EMPRESS ROYALTY CORP.
Per: Alexandra Woodyer Sherron, CEO and President
For further information, please visit our website at www.empressroyalty.com, or contact us by
email at [email protected] or by phone at +1.604.331.2080.
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 press release.
The information contained herein includes “forward -looking statements” and “forward looking information” as defined under
applicable Canadian securities laws (“forward-looking statements”). Forward-looking statements and information can generally
be identified by the use of terms such as “may”, “will”, “should”, “expect”, “intend”, “estimate” , continue”, “believe”, “plans”,
“anticipate” or similar terms.
Forward-looking information and statements include, but are not limited to, statements with respect to the activities, events or
developments that Empress expects or anticipates will or may occur in the future, including those regarding the acquisition of the
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royalty portfolio pursuant to the Agreement, including the benefits and timing thereof, the applicable royalties, including the long-
term potential thereof, the projects underlying the applicable interests it proposes to acquire, including the plans and expectations
of the operators and owners of the applicable projects, including anticipated exploration and development activities and the
timing thereof, the financial capabilities of the operators and owners of the applicable projects, future growth and ability to create
new streams or royalties, the development and focus of the Company, its acquisition strategy, the plans and expectations of t he
operators of the projects underlying its interests, including the proposed advancement and expansion of such projects; the results
of exploration, development and production activities of the operators of such projects; and the Company’s expectations regarding
future revenues.
Forward-looking information and statements are based on the then current expectations, beliefs, assumptions, estimates and
forecasts about Empress’s business and the industry and markets in which it operates. Forward-looking information and
statements are made based upon numerous assumptions and although the assumptions made by the Company in providing
forward-looking information and statements are considered reasonable by management at the time, there can be n o assurance
that such assumptions will prove to be accurate. Forward-looking information and statements also involve known and unknown
risks and uncertainties and other factors, which may cause actual results, performances and achievements of Empress to differ
materially from any projections of results, performances and achievements of Empress including, without limitation, the ability to
complete the transactions contemplated by the Agreement, including receipt of all applicable approvals, any inability of the
operators of the properties underlying the Company’s royalty and stream interests to execute proposed plans for such properti es
or to achieve planned development and production estimates and goals, risks related to the operators of the projects in which the
Company holds interests, including the successful continuation of operations at such projects by those operators, risks relat ed to
exploration, development, permitting, infrastructure, operating or technical difficulties on any such projects, risks related to
international operations, government relations and environmental regulation, uncertainty relating to the availability and costs of
financing needed in the future and the Company’s ability to carry out its growth plans as well as the impact of the COVID -19
pandemic and other related risks and uncertainties. For a discussion of important factors which could cause actual results to differ
from forward-looking statements, refer to the annual information form of Empress for the year ended December 31, 2025 and its
other publicly filed documents under it profile a www.sedarplus.ca. Although the Company has attempted to identify important
factors that could cause actual results to differ materially from those contained in the forward -looking information and
statements, there may be other factors that cause results not to be as anticip ated, estimated, or intended. There can be no
assurance that forward -looking information and statements will prove to be accurate, as actual results and future events could
differ materially from those anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-
looking information and statements. The Company undertakes no obligation to update or reissue forward-looking information as
a result of new information or events except as required by applicable securities laws.
Disclosure relating to properties in which Empress holds , or is proposing to acquire, royalty or stream interests is based on
information publicly disclosed by the owners or operators of such properties. The Company generally has limited or no access to
the properties underlying its interests and is largely dependent on the disclosure of the owners or operators of its interests and
their qualified persons and other publicly available information. The Company generally has limited or no ability to verify such
information. Although the Company does not have any knowledge that such information may not be accurate, there can be no
assurance that such third -party information is complete or accurate. In addition, certain information publicly reported by
operators may relate to a larger property than the area covered by the Company’s interest, which often may only apply to a
portion of the overall project area or applicable mineral resources or reserves.