OR Royalties Appoints Mr. Patrick Godin to Its Board of Directors
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OR ROYALTIES APPOINTS MR. PATRICK GODIN
TO ITS BOARD OF DIRECTORS
Montréal, March 23rd, 2026 – OR Royalties Inc. (“OR Royalties” or the “Company”) (OR: TSX & NYSE)
is pleased to announce the appointment of Mr. Patrick Godin as an Independent Director to its Board of
Directors (the “Board”).
Mr. Godin has over 35 years of corporate, technical, and operations experience in the mining industry. Most
recently, he served as President and CEO of New Gold Inc. (“ New Gold”), where he held the leadership
role from November 2022 up until New Gold’s US$7.0 billion acquisition by Coeur Mining, Inc., which was
announced in November 2025 . Before joining New Gold, Mr. Godin was Vice President and Chief
Operating Officer of Pretivm Resources Inc., where he was responsible for the operations of the Brucejack
Mine. Previously, he w as the President and Chief Executive Officer of Stornoway Diamond Corporation,
having also served as its Chief Operating Officer and Vice President from 2010 to 2018. During his time at
Stornoway, he was responsible for the construction and operations of the Renard Diamond Mine in Québec.
Earlier in his career, he served as the Vice President, Project Development for G Mining Services and held
executive or senior operations positions for Canadian Royalties, IAMGOLD, and Cambior in the Americas.
Mr. Godin holds a Bachelor of Engineering degree in Mining from Laval University in Québec, Canada, and
has been a Chartered Director since 2010.
Mr. Norman MacDonald, Chair of OR Royalties’ Board of Directors, commented: “In Mr. Godin, the
Company is adding an Independent Director who brings over 35 years of leadership across corporate,
technical, and operational functions. Patrick’s deep background in mining operations is a perfect fit for our
Board; his technical oversight will serve the Company well as we continuously evaluate new investment
opportunities to execute on our disciplined growth strategy. I would like to welcome Patrick to OR Royalties’
Board of Directors, and we very much look forward to his insights and contributions going forward.”
About OR Royalties Inc.
OR Royalties is a precious metals royalty and streaming company focused on Tier -1 mining jurisdictions
defined as Canada, the United States, and Australia. OR Royalties commenced activities in June 2014 with
a single producing asset, and today holds a port folio of over 195 royalties, streams and similar interests.
OR Royalties’ portfolio is anchored by its cornerstone asset, the 3-5% net smelter return royalty on Agnico
Eagle Mines Limited’s Canadian Malartic Complex, one of the world’s largest gold mines.
OR Royalties’ head office is located at 1100 Avenue des Canadiens -de-Montréal, Suite 300, Montréal,
Québec, H3B 2S2.
For further information, please contact OR Royalties Inc.:
Grant Moenting
Vice President, Capital Markets
Cell: (365) 275-1954
Email: [email protected]
Heather Taylor
Vice President, Sustainability and Communications
Tel: (647) 477-2087
Email: [email protected]
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Forward-Looking Statements
Certain statements contained in this press release may be deemed “forward-looking statements” within the meaning of
the United States Private Securities Litigation Reform Act of 1995 and “forward-looking information” within the meaning
of applicable Canadi an securities legislation. Forward- looking statements are statements other than statements of
historical fact, that address the ability of the Company to continue to evaluate new investment opportunities and to
execute on its disciplined growth strategy. 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”, “scheduled” and similar expre ssions or variations (including negative variations), or that events
or conditions “will”, “would”, “may”, “could” or “should” occur. Forward-looking statements are subject to known and
unknown risks, uncertainties and other factors, most of which are beyond the control of OR Royalties, and actual results
may accordingly differ materially from those in forward-looking statements. Such risk factors include, without limitation,
(i) with respect to properties in which OR Royalties holds a royalty, stream or other interest (collectively an “Interest”);
risks related to: (a) the operators of the properties, (b) timely development, permitting, construction, commencement of
production, ramp-up (including operating and technical challenges), (c) differences in rate and timing of production from
Mineral R esource Estimates or production forecasts by operators, (d) differences in conversion rate from Mineral
Resources to Mineral R eserves and ability to replace Mineral R esources, (e) the unfavorable outcome of any
challenges or litigation relating title, permit or license, (f) hazards and uncertainty associated with the business of
exploring, development and mining including, but not limited to unusual or unexpected geolo gical and metallurgical
conditions, slope failures or cave-ins, flooding and other natural disasters or civil unrest or other uninsured risks, (ii)
with respect to other external factors: (a) fluctuations in the prices of the commodities that drive royalti es, streams,
offtakes and investments held by OR Royalties, (b) a trade war or new tariff barriers, (c) fluctuations in the value of the
Canadian dollar relative to the U.S. dollar, (d) regulatory changes by national and local governments, including
permitting and licensing regimes and taxation policies, regulations and political or economic developments in any of
the countries where properties in which OR Royalties holds an Interest are located or through which they are held, (e)
continued availability of capital and financing and general economic, market or business conditions, and (f) responses
of relevant governments to infectious diseases outbreaks and the effectiveness of such response and the potential
impact of such outbreaks on OR Royalties’ business, operations and financial condition; (iii) with respect to internal
factors: (a) business opportunities that may or not become available to, or are pursued by OR Royalties, (b) the
integration of acquired assets or (c) the determination of OR Royalties’ PFIC status. The forward-looking statements
contained in this press release are based upon assumptions management believes to be reasonable, including, without
limitation: the absence of significant change in OR Royalties’ ongoing income and assets relating to determination of
its PFIC status, and the absence of any other factors that could cause actions, events or results to differ from those
anticipated, estimated or intended and, with respect to properties in which OR Royalties holds a n I nterest, (i) the
ongoing operation of the properties by the owners or operators of such properties in a manner consistent with past
practice and with public disclosure (including forecast of production), (ii) the accuracy of public statements and
disclosures made by the owners or operators of such underlying properties (including expectations for the development
of underlying properties that are not yet in production), (iii) no adverse development in respect of any significant
property, (iv) that statements and estimates r elating to mineral reserves and resources by owners and operators are
accurate and (v) the implementation of an adequate plan for integration of acquired assets.
For additional information on risks, uncertainties and assumptions, please refer to the most recent Annual Information
Form of OR Royalties filed on SEDAR+ at www.sedarplus.ca and EDGAR at www.sec.gov which also provides
additional general assumptions in connection with these statements. OR Royalties cautions that the foregoing list of
risk and uncertainties is not exhaustive. Investors and others should carefully consider the above factors as well as the
uncertainties they represent and the risk they entail. OR Royalties believes that the assumptions reflected in those
forward-looking statements are reasonable, but no assurance can be given that these expectations will prove to be
accurate as actual results and prospective events could materially differ from those anticipated such the forward-looking
statements and such forward-looking statements included in this press release are not guarantee of future performance
and should not be unduly relied upon. In this press release, OR Royalties relies on information publicly disclosed by
other issuers and third parties pertaining to its assets and, therefore, assumes no liability for such third- party public
disclosure. These statements speak only as of the date of this press release. OR Royalties undertakes no obligation to
publicly update or revise any forward-looking statements, whether as a result of new information, future events or
otherwise, other than as required by applicable law.