Empress Provides Update ON Tahuehueto Silver Stream Negotiations and Portfolio Creation Initiatives
WWW.EMPRESSROYALTY.COM PAGE 1
NEWS RELEASE | MARCH 1 , 2021 | VANCOUVER , BC
EMPRESS PROVIDES UPDATE ON TAHUEHUETO
SILVER STREAM NEGOTIATIONS AND PORTFOLIO
CREATION INITIATIVES
Empress Royalty Corp. (TSXV:EMPR | OTCQB:EMPYF) (“Empress” or the “Company”) is pleased
to provide an update on its ongoing negotiations with Telson Mining Corp (“ Telson”) for the
potential acquisition of a silver stream on the Tahuehueto project in Mexico, as well as, providing
an update on recent development s in the advan cement of Empress’ royalty and stream
investment pipeline.
“We are delighted to provide this update on the progress at Empress,” stated Alexandra Woodyer
Sherron, CEO and President of Empress. “Since listing on the TSXV two months ago, Empress has
continued to create and identify investment opportunities on cash-generating assets and develop
its unique business strategy in the royalty and streaming sector.”
TAHUEHUETO SILVER STREAM NEGOTIATIONS
Empress is now in advanced discussions to acquire a US$5M silver stream (the "Stream”) on
production from Telson’s Tahuehueto project in Mexico. The Stream is expected to be on 100%
of the payable silver production from Tahuehueto for the first 1,250,000 payable ounces;
thereafter, the percentage will step-down to 20% of the payable silver production. A non-binding
term sheet outlining the principal terms of the proposed transaction has been executed, and the
negotiation of binding agreements is well advanced. Management is optimistic that binding
agreements will be finalized and signed, and the transaction will advance to closing in the coming
weeks and will provide further updates as appropriate. Telson has announced that its
Tahuehueto project is approximately 60% constructed, with initial production forecast for late
2021 and full scale production forecast for early 2022. For further information, please see the
Telson Mining Corporate website for more information (www.telsonmining.com).
EMPRESS INVESTMENT PIPELINE – RECENT DEVELOPMENTS
Empress recently signed exclusivity agreements with two gold producers, both of which continue
to illustrate Empress’ portfolio creation strategy. The first agreement is for the creation of a gold
WWW.EMPRESSROYALTY.COM PAGE 2
stream and royalty package and the second is for the creation of a gold stream. B oth proposed
investments are subject to completion of due diligence and the negotiation and execution of
binding agreements.
The first opportuni ty involves the potential investment of US$10,000,000 in a South American
gold producer, which the producer has indicated will permit it to expand production by a third.
As this mine is currently producing, this investment should immediately become revenue -
generating for Empress if the opportunity can be secured.
The second opportunity involves a potential investment of US $2,500,000 in an African gold
producer, which the producer has told Empress will facilitate the doubling of existing production.
Again, if this opportunity can be secured, the investment should result in immediate revenue for
Empress, as the mine is already in production.
As stated, both of these potential transactions are currently at the diligence stage, with Empress
conducting technical and financial reviews, and there is no assurance that either will result in a
binding agreement. Further announcements will follow if either opportunity advances to the
agreement stage.
In addition to the above exciting opportunities, Empress has an active pipeline of US$75 million
in potential producing and near-term producing investment opportunities.
ABOUT EMPRESS ROYALTY CORP.
Empress is a new precious metals royalty and streaming company focused on the creation of
unique financing solutions for mining companies. Empress has a portfolio of 15 investments and
is actively focused on finding industry partners with development and production stage projects
who require additio nal non -dilutive capital. The C ompany has strategic partnerships with
Endeavour Financial in London, Terra Capital in Australia and Accendo Banco in Mexico which
allow Empress to not only access global investment opportunities but also bring unique mining
finance expertise, deal structuring and access to capital markets. Empress is looking forward to
continuously creating value for its shareholders through the proven royalty and streaming
models.
ON BEHALF OF EMPRESS ROYALTY CORP.
Per: Alexandra Woodyer Sherron, CEO and President
WWW.EMPRESSROYALTY.COM PAGE 3
For further information , please visit our website at www.empressroyalty.com or contact
Alexandra Woodyer Sherron , CEO and President , by phone at +1.604.331.2080 or e mail at
Neither 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 contains statements about Empress ’ expectations regarding the Alliance Agreement which are
forward-looking in nature and, as a result, are subject to certain risks and uncertainties. Generally, forward-looking
statements can be identified by the use of forward- looking terminology such as “ expects”, “believes”, “anticipates”,
“aims to”, “plans to” or “intends to” or variations of such words and phrases or statements that certain actions,
events or results “ will” occur. Although Empress believes that the expectations reflected in these forward -looking
statements are reasonable, undue reliance should not be placed on them as actual results may differ materially from
the forward -looking statements. Factors that could cause the actual results to differ materially from those in
forward-looking statements include Empress not being successful in identifying suitable investment opportunities,
being able to successfully complete technical, financial or legal diligence in respect of investment opportunities it has
identified, or being able to negotiate and enter into binding agreements for royalt y or stream deals with potential
counterparties. Readers are referred to the risk factors and contained in E mpress' most recent annual information
form for a description of the principal risks affecting Empress, its business and its securities. The forward-looking
statements contained in this news release are made as of the date hereof, and Empress undertakes no obligation to
update publicly or revise any forward-looking statements or information, except as required by law. Readers should
not place undue reliance on forward-looking statements or information.