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OR.TO ·

OR Royalties Declares Third Quarter 2025 Dividend

Corporate Actions

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OR ROYALTIES DECLARES THIRD QUARTER 2025 DIVIDEND

(Montreal, August 5, 2025) - OR Royalties Inc. (the “Company” or “OR Royalties”) (OR: TSX & NYSE)

is pleased to announce that the Board of Directors has approved a third quarter 202 5 dividend of

US$0.055 per common share. The dividend will be paid on October 15, 2025 to shareholders of record

as of the close of business on September 30, 2025. This dividend is an "eligible dividend" as defined in

the Income Tax Act (Canada).

For shareholders residing in Canada, t he Canadian dollar equivalent will be determined based on the

daily rate published by the Bank of Canada on September 30, 2025.

The Company also wishes to remind its shareholders that it has implemented a dividend reinvestment

plan (the “Plan”) . Shareholders who are residents of Canada and the United States may elect to

participate in the Plan in connection with the dividend to be paid on October 15, 2025 to shareholders

on record as of September 30, 2025 . More details are available on the Company’s website at

https://orroyalties.com/dividends/drip/.

As a result of the shareholder -approved corporate name change in May of this year, a new CUSIP

number was assigned to the Company. Consequently, non-registered beneficial shareholders may have

to re-register to continue to participate in the DRIP, and should contact their financial advisor, broker,

investment dealer, bank or other financial institution that holds their common shares to inquire about the

implication of the CUSIP number change and any actions that may required to continue to participate in

the DRIP.

Non-registered beneficial shareholders who wish to participate in the Plan should contact their financial

advisor, broker, investment dealer, bank or other financial institution that holds their common shares to

inquire about the applicable enrolment deadl ine and to request enrolment in the Plan. For more

information on how to enroll or any other inquiries, contact our transfer agent at 1-800-387-0825 (toll-

free in Canada) or [email protected].

Participation in the Plan does not relieve shareholders of any liability for taxes that may be payable in

respect of dividends that are reinvested in common shares under the Plan. Shareholders should consult

their tax advisors concerning the tax implications of their participation in the Plan having regard to their

particular circumstances.

This press release is not an offer to sell or a solicitation of an offer to buy any securities in the United

States or any other jurisdiction.

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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 Ltd.’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

Tel: (514) 940-0670 x116

Cell: (365) 275-1954

Email: [email protected]

Heather Taylor

Vice President, Sustainability and Communications

Tel: (514) 940-0670 x105

Email: [email protected]

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 Canadian securities legislation. These forward-looking statements, by their nature, require the Company to make

certain assumptions and necessarily involve known and unknown risks and uncertainties that could cause actual results to

differ materially from those expressed or implied in these forward-looking statements. Forward-looking statements are not

guarantees of performance. In this news release, these forward-looking statements may involve, but are not limited to,

comments with respect to the directors and officers of the Company , information pertaining to the fact that all conditions for

payment of the dividend will be met and that such dividend will continue to be an “eligible dividend” as defined in the Incom e

Tax Act (Canada). Words such as "may", "will", "would", "could", "expect", "believe", "plan", "anticipate", "intend", "estimate",

"continue", or the negative or comparable terminology, as well as terms usually used in the future and the conditional, are

intended to identify forward-looking statements. Information contained in forward-looking statements is based upon certain

material assumptions that were applied in drawing a conclusion or making a forecast or projection, including that the financi al

situation of the Company will remain favourable. The Company considers its assumptions to be reasonable based on

information currently available, but cautions the reader that its assumptions regarding future events, many of which are beyond

the control of the Company, may ultimately prove to be incorrect since they are subject to risks and uncertainties that affect the

Company and its business.

For additional information with respect to these and other factors and assumptions underlying the forward -looking statements

made in this press release, see the section entitled “Risk Factors” in the most recent Annual Information Form of OR Royalties

which is filed with the Canadian securities commissions and available electronically under OR Royalties’ issuer profile on

SEDAR+ at www.sedarplus.com and with the U.S. Securities and Exchange Commission and available electronically under

OR Royalties’ issuer profile on EDGAR at www.sec.gov. The forward-looking information set forth herein reflects OR Royalties’

expectations as at the date of this press release and is subject to change after such date. OR Royalties disclaims any intention

or obligation to update or revise any forward- looking statements, whether as a result of new information, future events or

otherwise, other than as required by law.