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Franco-Nevada Announces Election of Directors Franco-Nevada Corporation announced that the nominees listed in the management proxy circular for the 2017 Annual and Special Meeting of Shareholders were elected as directors of the Corporation. Detailed results of the vote for the election of

Management Changes Shareholder Meetings

NEWS RELEASE

Toronto, May 10, 2017

Franco-Nevada Announces Election of Directors

Franco-Nevada Corporation announced that the nominees listed in the management proxy circular for the 2017 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.

Nominee Votes For % For Votes Withheld % Withheld

Pierre Lassonde 81,938,822 97.33% 2,245,884 2.67%

David Harquail 83,993,055 99.77% 191,651 0.23%

Tom Albanese 83,308,321 98.96% 876,385 1.04%

Derek W. Evans 84,000,366 99.78% 184,340 0.22%

Graham Farquharson 83,578,810 99.28% 605,896 0.72%

Dr. Catharine Farrow 83,622,349 99.33% 562,357 0.67%

Louis Gignac 83,671,419 99.39% 513,287 0.61%

Randall Oliphant 82,680,963 98.21% 1,503,743 1.79%

The Hon. David R. Peterson 81,970,991 97.37% 2,213,715 2.63%

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

Director, Corporate Affairs

416-306-6328

[email protected]