Star Royalties Ltd. announced the creation of a wholly-owned, pure-green subsidiary, Green Star Royalties ("Green Star Royalties"). Since its inception, Star Royalties has been committed to funding sustainable environmental solutions for a carbon neutral economy and continues to view ESG-related investments as a highly scalable business model with attractive returns. As part of its portfolio construction strategy, Star Royalties targets a long-term 80% capital allocation to precious metals, with the remaining 20% reserved for green investments, which currently includes the development of carbon offset credit projects(biosequestration and renewable energies), green technology opportunities (diesel usage displacement) and battery metals investments (copper, nickel, lithium). To address the positive response to the Company's novel green royalty model, the numerous origination opportunities, and the superior potential returns, Star Royalties has created a separate corporate entity, Green Star Royalties, to accelerate the growth of its pure-green portfolio beyond the current limitation of its 80/20 allocation framework. Green Star Royalties positions the Company to be carbon negative by 2023, through its existing and future carbon offset projects whose sequestration benefits more than offset the Company's direct CO2 emissions from corporate activities and attributable CO2 emissions sourced from its gold equivalent ounces. The Company views the ESG benefits and investor impact from the origination of new carbon offset projects as superior to purchasing carbon offset credits in the secondary market. A more rapid build-out of the green investment strategy will allow Star Royalties to maximize its strong relationships and first-mover advantage, having created the first carbon offset credit royalty in May 2020. The Company's current vision is to use existing management, infrastructure and oversight to grow Green Star Royalties as a private subsidiary until an appropriate market-value critical mass is achieved. The ultimate public launch of a separately listed, green-dedicated royalty company will also facilitate and promote an enhanced fit with the rigorous investment mandates of rapidly expanding ESG-related funds. While funding for Green Star Royalties has initially come from Star Royalties, the Company is planning to grow more rapidly by adding a strategic capital partner at the Green Star Royalties level.