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EMPR.V ·

Empress Royalty Announces Appointment of Vice President Investor Relations

Management Changes

WWW.EMPRESSROYALTY.COM PAGE 1

NEWS RELEASE | MAY 1 , 2024 | VANCOUVER , BC

EMPRESS ROYALTY ANNOUNCES APPOINTMENT

OF VICE PRESIDENT INVESTOR RELATIONS

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

pleased to announce the appointment of Natasha Frakes as Vice President Investor Relations of

the Company.

“I am pleased to welcome Natasha Frakes to the Empress team as Vice President Investor

Relations, ” stated Alexandra Woodyer Sherron, CEO & President of Empress Royalty. “We are

excited to leverage N atasha’s extensive experience in public communications and her proven

ability to foster strong relationships with investors while also leading effective marketing

programs. Her appointment aligns with our growth strategy to continue to expand our investor

base, increase brand recognition, and ultimately maximize returns for stakeholders. I would also

like to thank Kaitlin Taylor for her tremendous contributions to the Company during her time in

the role. I, and the team, wish her all the best in her future endeavours.”

Ms. Frakes has over 12 years of experience in public communications. Most recently, she served

as Vice President of Communications for Torq Resources, where she was a key spokesperson for

the company and played a pivotal role in augmenting investor engagement and increasing brand

recognition through comprehensive marketing iniatives. Ms. Frakes has also held positions in

investor relations with three other junior exploration companies , contributing significantly to

their inception, public listings, equity financings and overall development. Her career in public

communications began as a news reporter and anchor at CBC and CTV. Ms. Frakes holds a

Bachelor’s degree in English with a Certificate in Journalism from Loyola Marymount University.

In addition, in connection with her appointment, the Company has granted 2 00,000 incentive

stock options (the “Options”) to Ms. Frakes. The Options are exercisable at a price of $0. 35 for

a 5-year term, expiring May 1, 2029. One-third of the Options vest immediately, with a further

one-third vesting after twelve months and the balance vesting after twenty -four months. The

granting of the Options is subject to regulatory acceptance of the TSX Venture Exchange.

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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 investing 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

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

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

Frakes, Vice President Investor Relations, at [email protected] or +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 regarding 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 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 no assurance that such assumptions will prove t o 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

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results, performances and achievements of Empress including, without limitation, 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

under its profile at 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 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, 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 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.