Evolve Royalties Enters Into Definitive Agreement in Connection With Previously Announced Acquisition of a Royalty on the Sunnyside Project in Arizona, USA
EVOLVE ROYALTIES ENTERS INTO DEFINITIVE AGREEMENT IN CONNECTION WITH PREVIOUSLY
ANNOUNCED ACQUISITION OF A ROYALTY ON THE SUNNYSIDE PROJECT IN ARIZONA, USA
Evolve Royalties Ltd. (“ Evolve” or the “ Company”) (CSE: EVR ; OTCQX: EVRYF) is pleased to
announce that, further to its previously announced binding letter of intent, it has entered into a
definitive royalty purchase agreement with MinQuest Ltd. (the “Royalty Purchase Agreement”)
to acquire a 0.5% net smelter returns royalty (the “ Sunnyside Royalty”) on production from
claims comprising the Sunnyside Project operated by Barksdale Resources Corp. (“Barksdale”) in
Arizona, United States.
Pursuant to the Royalty Purchase Agreement, the total consideration to be paid by Evolve for the
acquisition of the Sunnyside Royalty is $2.25 million, payable in two instalments comprising a mix
of cash and shares, the first of which is a payment at closing of $0.5 million in cash and the
issuance of 363,750 common shares of the Company at a price of C$2.92 per share (the “Issue
Price”), having an aggregate value of $0.75 million, and the second of which is a payment to be
completed by January 2, 2027 of $0.5 million in cash and the issuance of 242,500 common shares
of the Company at the Issue Price, having an aggregate value of $0.5 million.
The transaction is subject to customary closing conditions and is expected to close in the coming
weeks.
“The Sunnyside Royalty fits squarely within our strategy of acquiring high-quality royalties on base
metal assets in top-tier mining jurisdictions. We view this royalty as particularly attractive given
its location in a district that is seeing meaningful development activity. As Barksdale continues to
advance drilling, we believe this royalty provides a cost-effective way for Evolve to participate in
potential exploration success and long-term copper upside,” said Joseph de la Plante, President &
CEO of Evolve.
CONTACT INFORMATION
For more information about Evolve, please visit www.evolveroyalties.com or contact us:
Joseph de la Plante, President & CEO
+1 514 546 1070
Vancouver, British Columbia – June 24, 2026
(All amounts in United States dollars unless otherwise noted)
ABOUT EVOLVE
Evolve Royalties Ltd. is a royalty and streaming company focused on acquiring high -quality
royalties in base and critical metals that support electrification and the global energy transition.
The Company’s strategy is to build a diversified portfolio of long-life cash-flowing royalties while
maintaining exposure to long-term commodity upside. The Company’s common shares are listed
and posted for trading on the Canadian Securities Exchange under the symbol “EVR” and on the
OTCQX Best Markets under the symbol “EVRYF” . For more information please visit:
www.evolveroyalties.com or the Company’s profile on SEDAR+ at www.sedarplus.ca.
Evolve Royalties Ltd.
550 Burrard Street, Suite 2900
Vancouver, British Columbia V6C 0A3
www.evolveroyalties.com
FORWARD-LOOKING STATEMENTS
This news release contains “forward -looking information” and “forward -looking statements ”
(collectively, “forward-looking statements”) within the meaning of applicable securities laws,
which may include, but are not limited to, management’s expectations regarding Evolve’s growth;
the completion of the Sunnyside Royalty acquisition, the timing f or completing the two
instalments to made pursuant to Royalty Purchase Agreement, the development of the Sunnyside
Project and other projects in the same mining district and the potential to receive payments
under the Sunnyside Royalty; as well as other statements with respect to future events or future
performance. All statements in this news release, other than statements of historical fact, that
address events or developments that Evolve expects to occur, are forward -looking statements.
Forward-looking statements are generally, but not always, identified by the words “expects”,
“plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential”, “scheduled” and
similar expressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur.
Forward-looking statements are based on Evolve’s assumptions and information available as of
the date of this news release. Although Evolve believes the expectations expressed in such
forward-looking statements are based on reasonable assumptions, such statements are not
guarantees of future performance and actual results may differ materially from those in forward-
looking statements . Forward-looking statements are subject to known and unknown risks,
uncertainties and other factors that may cause the actual results to be materially different from
those expressed or implied by such forward-looking statements, including but not limited to: the
impact of general business and economic conditions; the absence of control over mining
operations from which Evolve will receive royalty payments and risks related to those mining
operations, including risks related to international operations, government and environmental
regulation (including changes in laws, regulations, taxation and permitting regimes, and potential
restrictions on the repatriation of funds ), delays in mine construction and operations and
achievement of expansion milestones, actual results of mining and current exploration activities,
conclusions of economic evaluations and changes in project parameters as plans continue to be
refined; accidents, equipment breakdowns, title matters, labour disputes or other unanticipated
difficulties or interruptions in operations; risks relating to the calculation, timing and receipt of
royalty payments and the performance by counterparties of their obligations under the Sunnyside
Royalty; problems inherent to the marketability of copper , li thium, tin and other metals; the
inherent uncertainty of production and cost estimates and the potential for unexpected costs and
expenses; industry conditions, including fluctuations in the price of the primary commodities
mined at such operations, fluctuations in foreign exchange rates and fluctuations in interest rates;
government entities interpreting existing tax legislation or enacting new tax legislation in a way
which adversely affects Evolve; changes in accounting policies, impact of inflation, global liquidity
and credit availability, stock market volatility; regulatory restrictions; liability, competition, loss of
key employees, political risks, access to capital , and other related risks and uncertainties ,
including those discussed in the section entitled “Risk Factors” of the Company’s management’s
discussion and analysis for the year ended December 31, 2025 as well as other materials available
on the Company’s profile on SEDAR+ at www.sedarplus.ca.
Forward-looking statements and financial outlook in this news release are qualified by the
foregoing cautionary statements and are made only as of the date hereof . Evolve expressly
disclaims any obligation to update or revise any forward-looking statements or financial outlook
or the assumptions or factors underlying them, whether as a result of new information, future
events or otherwise, other than as required by applicable law. Readers are cautioned not to place
undue reliance on forward-looking statements and financial outlook.
The Canadian Securities Exchange has not reviewed and does not accept responsibility for the
adequacy or accuracy of this release.