Cobre Panama Supreme Court Update
NEWS RELEASE
Toronto, November 28, 2023
Cobre Panama Supreme Court Update
Franco-Nevada Corporation (“Franco-Nevada”) (TSX: FNV) (NYSE: FNV) is aware that the Supreme Court of Panama announced
this morning that Law 406, the law that approved the revised concession contract for the Cobre Panama mine, is
unconstitutional. Franco-Nevada is in communication with its partner First Quantum Minerals Ltd . and will provide further
updates as they are available.
For more information, please go to our website at www.franco-nevada.com or contact:
Paul Brink Sandip Rana
President & Chief Executive Officer Chief Financial Officer
416-306-6305 416-306-6303
Forward-Looking Statements
This press release contains “forward-looking information” and “forward-looking statements” within the meaning of applicable Canadian securities
laws and the United States Private Securities Litigation Reform Act of 1995, respectively, which may include, but are not limited to, statements with
respect to the impact of the unconstitutionality ruling of the Supreme Court of Panama with respect to Law 406. The outcome of these matters could
have a material adverse impact on the revenue Franco-Nevada derives from its streaming arrangements relating to Cobre Panama and on Franco-
Nevada’s results of operations and financial condition. There can be no assurance that such forward-looking statements will prove to be accurate
and actual results and future events could differ materially from those anticipated in such statements. Investors are cautioned that forward-looking
statements are not guarantees of future performance. Accordingly, investors should not place undue reliance on forward-looking statements due to
the inherent uncertainty therein.
For additional information with respect to risks, uncertainties and assumptions relating to Franco-Nevada’s business and assets, please refer to
Franco-Nevada’s most recent Annual Information Form filed with the Canadian securities regulatory authorities on www.sedarplus.com and Franco-
Nevada’s most recent Annual Report filed on Form 40-F filed with the SEC on www.sec.gov. The forward-looking statements herein are made as of
the date of this press release only and Franco-Nevada does not assume any obligation to update or revise them to reflect new information, estimates
or opinions, future events or results or otherwise, except as required by applicable law.