Mont Royal Resources Limited provided an update to the market following previous announcements in January and February 2022 pertaining to both geophysics program(s) at the company's Wapatik and Tarku Projects located on the Upper and lower Eastmain Greenstone Belts Quebec, Canada. EM Survey - Wapatik Project (Au, Ni-Cu): The company reported that access trails have been successfully completed, all preliminary ground works required are now in place allowing the survey to commence earlier this week. The highly sensitive electromagnetic technology (SQUID sensor) has been selected to detect conductors from surface down to a depth of at least 400 metres.

The 15-kilometre survey consists of 1- kilometre-long lines spaced 100 metres apart within a large, fixed loop. TMC Geophysics (TMC) from Val d'Or, Québec, is carrying out the survey. The company will report the results from the ground geophysics survey on the Wapatik Property once data interpretation is completed.

The survey is designed to detect the presence of highly conductive zones potentially related to intrusion-hosted nickel-copper mineralization. EM Survey - Tarku Project: The company announced shareholders of a delay experienced to the commencement of the Ground EM survey at the Tarku property. Mont Royal engaged TMC Geophysics to undertake the Ground EM survey which was due to commence in February 2022.

This survey has been impacted by logistical issues, which include access to accommodations and helicopter support. These key requirements have been impacted by the ongoing challenges presented by the Covid-19 virus (and have been outside of the company's control). The company continues to work closely with its in-country project manager IOS Services Geoscientifiques; who will continue to navigate these challenges and the company expects to commence the survey shortly and will otherwise keep the market updated in accordance with its continuous disclosure obligations.