Royal Gold Mining Inc. (ROYL:TSXV) (the “Company”) reports that it has, executed a Definitive Agreement with an arm’s length vendor, granting the right to acquire a 100-per-cent interest in 163 mineral claims in the Beauce region of Quebec, Canada. First year property expenditures total $100,000. The Agreement calls for a four-year term with escalating cash payments, share issuances and exploration expenditures. To acquire a 100-per-cent interest in the property, the Company must pay $295,000 cash, issue 1,500,000 common shares and complete $2,200,000 in exploration expenditures, subject to a 2-per-cent net smelter royalty. Upon the Company exercising the option in full, a 2-per-cent NSR is subject to an optional buyback of 0.5 per cent for $500,000 and a second optional buyback of 0.5 per cent for $500,000, thereby leaving the Optionor with a 1-per-cent NSR. Share issuances shall be subject to a 4 month hold period.

The Company is looking forward to augmenting its exploration portfolio with this exciting gold and gold-polymetallic (silver-zinc-copper) opportunity located in one of the best mining jurisdictions in the world, as rated by the Fraser Institute. The Company shall be providing property summary and presentation shortly and looks forward to advancing the property in the 1st part of 2020.

In other developments, the Company has made substantial progress to retire a significant portion of its outstanding debt such that outstanding current liabilities are less than $100,000.

Contact Person: Mr. Glen Macdonald, P.Geo.
Telephone: (604)719-8129

(signed) “Glen Macdonald”

Glen Macdonald

Chief Executive Officer and Director

Neither the 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.

This news release may contain forward-looking statements that are based on Royal Gold Mining Inc.’s expectations, estimates and projections regarding its business and the economic environment in which it operates. These statements are not guarantees of future performance and involve risks and uncertainties that are difficult to control or predict. Therefore, actual outcomes and results may differ materially from those expressed in these forward-looking statements and readers should not place undue reliance on such statements. Statements speak only as of the date on which they are made, and Royal Gold Mining Inc. undertakes no obligation to update them publicly to reflect new information or the occurrence of future events or circumstances, unless otherwise required to do so by law.