Empress Royalty Completes First Tranche of Private Placemen T

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NEWS RELEASE | SEPTEMBER 29, 2022 | VANCOUVER, BC

EMPRESS ROYALTY COMPLETES FIRST TRANCHE OF

PRIVATE PLACEMEN T

NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION

OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES

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

to announce that it has completed the first tranche of its US$2 M private placement by the

issuance of 4,350,000 units at C$0.30 each for gross proceeds of US$1M with Rick Rule. The final

tranche is expected to close shortly.

“It is our absolute pleasure to welcome Rick Rule as a Strategic Investor in Empress Royalty and

we look forward to closing the final tranche of this financing imminently, ” stated Alexandra

Woodyer Sherron, CEO & President of Empress.

“I’m delighted to become a shareholder and participate in the growth of Empress Royalty”, stated

Rick Rule.

The Common Shares, Warrants and Warrant Shares will be subject to a resale hold period under

Canadian securities laws until four months from closing. The Offering may close in one or more

tranches. The Offering is subject to the approval of the Exchange.

The Company intends to use the proceeds of the Offering to evaluate potential royalty and

streaming investment opportunities, increase market awareness in the U.S. , and for general

working capital purposes.

The securities to be offered pursuant to the Offering have not been, and will not be, registered under the U.S.

Securities Act of 1933, as amended (the "U.S. Securities Act") or any U.S. state securities laws, and may not be offered

or sold in the United States or to, or for the account or benefit of, United States persons absent registration or any

applicable exemption from the registration requirements of the U.S. Securities Act and applicable U.S. state

securities laws. This news release shall not constitute an offer to sell or the solicitation of an offer to buy securities

in the United States, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation

or sale would be unlawful.

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

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portfolio of 17 preciou s 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 royal ty 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 Kaitlin

Taylor, Investor Communications, by email at [email protected] or by phone at

+1.604.331.2080.

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 concerning the completion of the Offering, the

intended uses of proceeds of the Offering, regulatory acceptance of the Offering and the Company’s expectations on

future plans 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 the assumptions and risks associated with the state of equity financing

markets and results of future activities of the Company. 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.