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Franco-Nevada Update on Arbitration Proceeding in Panama

Legal & Disputes

N E W S R E L E A S E

NEWS RELEASE

Toronto, June 18, 2025

Franco-Nevada Update on Arbitration Proceeding in Panama

Franco-Nevada Corporation (“Franco-Nevada”) (TSX & NYSE:FNV) provides an update regarding its arbitration proceeding

related to the Cobre Panama mine. Following engagement with the Government of Panama’s legal counsel, Franco-

Nevada has agreed today to suspend its arbitration proceeding. Franco-Nevada had previously filed a request for

arbitration under the Canada-Panama Free Trade Agreement to the International Centre for Settlement of Investment

Disputes on June 27, 2024.

Franco-Nevada reiterates its hope for a resolution with the State of Panama providing the best outcome for the

Panamanian people and all parties involved.

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

Paul Brink Sandip Rana

President & CEO Chief Financial Officer

416-306-6305 416-306-6303

[email protected]