RE Royalties Ltd. announced a marketed "best efforts" private placement of Series 4 secured green bonds (the "Green Bonds"), for gross proceeds of up to $10,000,000 (the "Offering"). The Green Bonds will be offered in the principal amounts of $1,000 or USD 1,000 (the "Offering Price). For the purposes of calculating the Offering's aggregate gross proceeds, issuances of the United States dollar denominated Green Bonds will be converted (using the Bank of Canada rate on the closing date of the Offering) into Canadian dollars and the aggregate gross proceeds arrived at thereby.

Integral Wealth Securities Limited will act as the sole bookrunner and co-lead agent alongside Canaccord Genuity Corp. as co-lead agent (together, the "Lead Agents") and the Lead Agents, at their discretion, will be entitled to invite other investment dealers to form a syndicate of agents (collectively with the Lead Agents, the "Agents"). The Green Bonds will have a term of five years and bear interest at a rate of 9% per annum, payable quarterly in arrears, and will be senior obligations of the Company secured against the Company's portfolio of royalty and loan investments.

The Offering is RE Royalties' fourth offering of green bonds and the Green Bonds issued pursuant to the Offering will be designated as Series 4 green bonds and will be issued under a supplemental trust indenture to the Company's existing green bond trust indenture dated August 10, 2020 with Western Pacific Trust Company, as trustee (the "Indenture").