Empress Royalty Announces Appointment of Interim Chief Financial Officer

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NEWS RELEASE | JUNE 30 , 202 3 | VANCOUVER , BC

EMPRESS ROYALTY ANNOUNCES APPOINTMENT

OF INTERIM CHIEF FINANCIAL OFFICER

Empress Royalty Corp. (TSXV:EMPR | OTCQX:EMPYF) (“Empress Royalty” or the “Company”) is

pleased to announce the appointment of Xavier Wenzel, CPA , CA of Fehr & Associates (“ F&A”)

as Interim Chief Financial Officer of the company.

“We are pleased to welcome Xavier Wenzel, as Interim CFO to the company , ” stated Alexandra

Woodyer Sherron, President & CEO of Empress Royalty. “His extensive experience in mining

finance, and specifically in the royalty industry as CFO of Ely Gold Royalties, will be extremely

beneficial in this transitionary period.”

Xavier Wenzel began his career in public practice in 1996. As a principal at Fehr & Associates, a

registered accounting practice, and a member of The Chartered Professional Accountants of

British Columbia, Xavier has considerable audit and tax expertise, as well as extensive experience

with financial and regulatory reporting for public companies under IFRS and US GAAP. Xavier has

provided consulting services as an advisor on complex technical accounting issues. Xavier has

spent several years providing senior level accounting services for publicly traded companies and

currently holds CFO positions for Chakana Copper Corp, Pure Energy Minerals Ltd. and NuLegacy

Gold Corporation. Formerly his CFO roles included Ely Gold Royalties Inc. and Guanajuato Silver

Corp. (formerly Vangold Mining Corp).

Xavier replaces Janet Meiklejohn as the Company’s CFO.

ABOUT EMPRESS ROYALTY CORP.

Empress is a global royalty and streaming creation company providing investors with a diversified

portfolio of gold and silver investments. Since listing in December 2020, Empress has built a

portfolio of precious metal investments and is actively investi ng in mining companies with

development and production stage projects who require additional non -dilutive capital. The

Company has strategic partnerships with Endeavour Financial and Terra Capital 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

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continuously creating value for its shareholders through the proven royalty and streaming

models.

ON BEHALF OF EMPR ESS ROYALTY CORP.

Per: Alexandra Woodyer Sherron, CEO and President

For further information, please visit our website at www.empressroyalty.com or contact Kaitlin

Taylor, Investor Communications, 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 Royalty Corp. ("Empress" or the "Company") expects or anticipates will or may

occur in the future, including those regardi ng 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 the operators of the

projects underlying its interests, including the proposed advancement a nd 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 c urrent 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 no 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 li mitation, any inability of the operators of

the properties underlying the Company’s royalty and stream interests to execute proposed plans for such properties

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 related 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, 2022 and its other publicly filed documents

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under its profile at www.sedar.com. 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 t hat cause results not to be as anticipated, 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, es timated 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 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 operators of its

interests 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.