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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 2018 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, 2018

Franco-Nevada Announces Election of Directors

Franco-Nevada Corporation announced that the nominees listed in the management proxy circular for the 2018 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 119,072,795 97.14% 3,500,818 2.86%

David Harquail 122,335,975 99.81% 237,638 0.19%

Tom Albanese 122,396,793 99.86% 176,820 0.14%

Derek W. Evans 122,324,134 99.80% 249,479 0.20%

Dr. Catharine Farrow 121,318,274 98.98% 1,255,339 1.02%

Louis Gignac 121,701,669 99.29% 871,944 0.71%

Randall Oliphant 121,945,950 99.49% 627,664 0.51%

The Hon. David R. Peterson 117,249,808 95.66% 5,323,806 4.34%

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]