Franco-Nevada Announces Election of Directors

TORONTO, May 5, 2016 - Franco-Nevada Corporation (TSX: FNV; NYSE: FNV) announced that the nominees listed in the management proxy circular for the 2016 Annual and Special Meeting of Shareholders were elected as directors of the Corporation. Detailed results of the vote for the election of directors held at the Annual Meeting yesterday in Toronto are set out below.

David Harquail 89,926,851 98.23% 1,619,301 1.77% Tom Albanese 91,477,030 99.92% 69,122 0.08% Derek W. Evans Graham Farquharson 91,207,472 99.63% 338,680 0.37% 90,193,580 98.52% 1,352,572 1.48% Dr. Catharine Farrow 91,195,005 99.62% 351,147 0.38% Louis Gignac 85,871,592 93.80% 5,674,561 6.20% Randall Oliphant The Hon. David R. Peterson 88,912,446 97.12% 2,633,706 2.88%

Corporate Summary Franco-Nevada Corporation is the leading gold-focused royalty and stream company with the largest and most diversified portfolio of cash-flow producing assets. Its business model provides investors with gold price and exploration optionality while limiting exposure to many of the risks of operating companies. Franco-Nevada is debt free and uses its free cash flow to expand its portfolio and pay dividends. It trades under the symbol FNV on both the Toronto and New York stock exchanges. Franco-Nevada is the gold investment that works.

For more information, please go to our website at www.franco-nevada.com or contact:

Stefan Axell Sandip Rana Director, Corporate Affairs Chief Financial Officer 416-306-6328 416-306-6303 [email protected]