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Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Orogen Royalties Announces Results of the 2023 Annual General and

Corporate Updates

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX

Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Orogen Royalties Announces Results of the 2023 Annual General and

Special Meeting

Vancouver, B.C . October 26, 2023 (TSX.V:OGN) (OTCQX:OGNRF) Orogen Royalties Inc. (“Orogen” or the

“Company”) is pleased to announce the voting results for its Annual General and Special Meeting (the “Meeting”) of

shareholders held October 25, 2023.

A total of 55,155,897 shares were voted by proxy representing 28.52% of the issued and outstanding shares of the

Company. Shareholders approved all matters presented at the Meeting as follows:

Director Nominee Votes

For

Votes

Against

Withheld/

Abstain

% For % Against %

Withheld/

Abstain

Number of Directors 55,142,474 13,423 - 99.98 0.02 -

J. Patrick Nicol 52,762,552 - 2,393,345 95.66 - 4.34

Justin Quigley 55,144,341 - 11,556 99.98 - 0.02

Roland Butler 55,144,341 - 11,556 99.98 - 0.02

Samantha Shorter 55,137,495 - 18,402 99.97 - 0.03

Timothy Janke 55,144,327 - 11,570 99.98 - 0.02

Appointment of Auditor 55,125,607 - 30,290 99.95 - 0.05

Omnibus Equity Incentive

Compensation Plan

55,005,121 150,776 - 99.73 0.27 0.05

Each of the resolutions approved at the Meeting are described in detail in the Company’s Management Proxy Circular

dated September 14 , 2023 , available on SEDAR + at www.sedarplus .ca and the Company’s website at

www.orogenroyalties.com.

About Orogen Royalties Inc.

Orogen Royalties is focused on organic royalty creation and royalty acquisitions on precious and base metal

discoveries in we stern North America. The Company's royalty portfolio includes the p roducing Ermitaño gold and

silver Mine in Sonora, Mexico (2.0% NSR royalty) operated by First Majestic Silver Corp. and the Silicon-Merlin gold

project (1.0% NSR royalty) in Nevada, U.S. A, being advanced by AngloGold Ashanti. The Company is well financed

with several projects actively being developed by joint venture partners.

On Behalf of the Board

OROGEN ROYALTIES INC.

Paddy Nicol

President & CEO

To find out more about Orogen, please contact Paddy Nicol, President & CEO at 604-248-8648, and Marco LoCascio,

Vice President of Corporate Development at 604-248-8648. Visit our website at www.orogenroyalties.com.

Orogen Royalties Inc.

1015 – 789 West Pender Street

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX

Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Vancouver, BC

Canada V6C 1H2

[email protected]

Forward Looking Information

This news release includes certain statements that may be deemed “forward looking statements”. All statements in this presentation, other than statements of

historical facts, that address events or developments that Orogen Royalties Inc. (the “Compan y“) expect to occur, are forward looking statements. Forward

looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects ”, “plans”, “anticipates”,

“believes”, “intends”, “estimates”, “projects”, “potential” and similar expressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur.

Although the Company believe the expectations expressed in such forward looking statements are based on reasonable assumptions, such statements are not

guarantees of future performance and actual results may differ materially from those in the forward looking statements. Factors that could cause the actual

results to differ materially from those in forward looking statements include market prices, exploitation and exploration successes, and continued availability of

capital and financing, and general economic, market or business conditions. Furthermore, the extent to which COVID -19 may impact the Company’s business

will depend on future developments such as the geographic spread of the disease, the duration of the outbreak, travel restrictions, physical distancing, business

closures or business disruptions, and the effectiveness of actions taken in Canada and other countries to contain and treat the disease. Although it is not possible

to reliably estimate the length or severity of these developments and their financial impact as of the date of approval of these condensed interim consolidated

financial statements, continuation of the prevailing conditions could have a significant adverse impact on the Company ’s financial positio n and results of

operations for future periods.

Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those

projected in the forward looking statements. Forward looking statements are based on the beliefs, estimates and opinions of the Company’ s management on

the date the statements are made. Except as required by securities laws, the Company undertakes no obligation to update these forward looking statements in

the event that management’s beliefs, estimates or opinions, or other factors, should change.