Empress Royalty Corp · TSXV:EMPR
Empress Royalty — Investor Presentation (October 2026)
27 slides from Empress Royalty's investor presentation, October 2026
Slide 1: Growth Focused Gold & Silver Royalty & Streaming Investments
TS XV: EMP R | OTCQX: EMPY F Growth Focused Gold & Silver Royalty & Streaming Investments Cash Flow Today. Growth Tomorrow. Optionality for the Future C OR PO R A T E P RE S E N T A T I O N · O C TO B E R 2 0 2 6
Slide 2: Forward-Looking Statements
CAUTIONARY NOTE Forward-Looking Statements This Presentation contains or incorporates by reference "forward-looking statements" or "forward-looking information" within the meaning of applicable Canadian securities legislation. Such statements involve known and unknown risks, uncertainties and other
Slide 3: Empress Snapshot: Precious Metals Investment Company
EMPRESS SNAPSHOT Precious Metals Investment Company 1 2 3 30 Royalty & Pure Precious Record Streaming Investments Metals Exposure Revenue Global portfolio spanning producing mines, 100% gold and silver revenue with limited Record revenue of US$17M in 2025, US$17M development projects and exploratio
Slide 4: Macro Case for Precious Metals
WHY GOLD AND SILVER Macro Case for Precious Metals Enduring Safe Haven in Inflation Hedge & Central Bank Buying & Global Uncertainty Wealth Preservation Structural Demand Gold and silver have historically thrived With a long history as an inflation Central banks are reportedly buying in times of geo
Slide 5: Power of Royalty & Stream Investments
OUTPERFO RMIN G GO LD Power of Royalty & Stream Investments $800 $700 $600 +597% Superior Returns to Gold Price & Miners ETF $500 $400 $300 +286% VanEck Gold Miners ETF Gold Royalty Index* $200 +160% $100 $0 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 *Royalty Ind
Slide 6: Empress Advantage
OUR STRATEGY Empress Advantage Connecting Mining Company Capital Needs with Royalty & Streaming Finance Market Niche 1 W HY EM P R ES S W AS E ST AB LIS HED Direct financing for small and mid-tier gold and silver miners, supporting Market Gap = Funding development and production growth Opportunity S
Slide 7: Endeavour Financial
INVESTMENT MANAGER Endeavour Financial Global Reach Endeavour Financial’s extensive global mining network brings Empress gold and silver royalty and streaming opportunities Technical and Financial Depth Endeavour Financial provides access to a global team of investment bankers, geologists, mining en
Slide 8: Structured Mining Finance Experience
PR OVEN EXP ER TISE Structured Mining Finance Experience BOARD OF DIRECTORS MANAGEMENT & ADV ISO RS David Alexandra Natascha Alexandra Xavier Michelle Michelle Rhodes Woodyer Kiernan Woodyer Wenzel Borthwick Borromeo Executive Chairman Sherron Lead Director Sherron CFO VP, Corporate Strategic CEO &
Slide 9: Investment Criteria
HO W EMP RESS C REATES VALUE Investment Criteria 1 2 3 4 5 Gold & Full Mine Global Disciplined Investment Silver Cycle Exposure Approach Size Pure gold and silver Development and Pursuing opportunities Small to mid-tier Flexible investment focused royalties and production stage globally, focus on pa
Slide 10: Global Producing Portfolio
CORNERSTONE INVESTMENTS Global Producing Portfolio 5 PRODUCING MINES 30 Royalty and Streams Portfolio Increased more than 50% in 2026 NEW ASSET Tongon CÔTE D'IVOIRE · GOLD STREAM Tahuehueto MEXICO · SILVER STREAM Manica MOZAMBIQUE · GOLD ROYALTY Sierra Antapite PERU · GOLD STREAM Galaxy SOUTH AFRICA
Slide 11: Tongon Gold Stream
CORNERSTONE INVESTMENT Tongon Gold Stream OVERVIEW OPERATOR COUNTRY Atlantic Group Côte d'Ivoire COM MODITY OPERATIO N Gold Open Pit Mine A NN UA L GEOs TERMS 3,113 3.58% Gold Stream 400k oz, then 2.93%; 600k oz, then 0.81% LOM Empress acquired the Tongon gold stream for current gold production and
Slide 12: Tahuehueto Silver Stream
CORNERSTONE INVESTMENT Tahuehueto Silver Stream OVERVIEW OPERATOR COUNTRY Luca Mining Mexico COM MODITY OPERATIO N Silver Underground Mine A NN UA L GEOs TERMS 2,685 100% Silver Stream Up to 1.25M oz, then 20% for 10 yrs Empress’ investment supported the construction of the mine. Luca announced comm
Slide 13: Sierra Antapite Gold Stream
CORNERSTONE INVESTMENT Sierra Antapite Gold Stream OVERVIEW OPERATOR COUNTRY Sierra Sun Peru COM MODITY OPERATIO N Gold Underground Mine A NN UA L GEOs TERMS 1,497 4.5% Gold Stream 11k oz, then 1% LOM Empress' investment enabled Sierra Antapite to expand production capacity at this high-grade underg
Slide 14: Galaxy Gold Stream
CORNERSTONE INVESTMENT Galaxy Gold Stream OVERVIEW OPERATOR COUNTRY Golconda Gold South Africa COM MODITY OPERATIO N Gold Underground Mine A NN UA L GEOs TERMS 645 3.5% Gold Stream 8k oz, then 2% Empress' investment provided Galaxy with capital to acquire additional underground mining equipment and
Slide 15: Manica Gold Royalty
CORNERSTONE INVESTMENT Manica Gold Royalty OVERVIEW OPERATOR COUNTRY MMP Mozambique COM MODITY OPERATIO N Gold Open Pit Mine A NN UA L GEOs TERMS 316 3.375% Gold Royalty 95k oz, then 1.125% LOM Empress' investment supported the construction of the oxide plant, enabling the commencement of gold produ
Slide 16: Highlighted Development & Exploration Royalties
EMBEDDED OPTI ONALITY Highlighted Development & Exploration Royalties PRIVATE COMPANY KODIAK COPPER ALAMOS GOLD WESTHAVEN GOLD Pinos AU· AG DEVELOPMENT Dillard CU·AU·AG MRE/EXPLORATION Los Venados AU EXPLORATION Prospect Valley EXPLORATION AU Zacatecas, Mexico 1.0% NSR British Columbia, Canada 2.0%
Slide 17: Our Growth Pipeline US$100M+
THE PIPELINE Our Growth Pipeline Capital and Connections to Pursue the Next Investments Capital Available for Growth US$20M available from debt facility, combined with Empress’ cash and metals holdings, provides substantial capacity to fund new investment opportunities Diversified Geographic Strateg
Slide 18: Revenue on the Rise
BOO STED BY SUR GIN G GO LD & SILVER PRI CES Revenue on the Rise $80M $70M $60M Potential Revenue Increase With Higher Commodity Prices US$ M IL LI ONS $50M $40M $30M $20M $17.2M $17.3M J U N E 30 , 2 0 26 $10M $8.0M $1.8M $3.5M $0M 2022 2023 2024 2025 2026 2027 2028 R EP O R T ED COMMO DIT Y Consen
Slide 19: Uncovering Hidden Value: Trading Below Industry Averages
TRA DI NG BELOW INDUSTRY AVER AGES Uncovering Hidden Value PRICE / NET ASSET VALUE PRICE / CASH FLOW 2027 PRICE / REVENUE 2027 1.50x 64.52x 1.43x 39.64x 1.34x 1.24x 1.25x 1.14x 1.09x 0.97x 21.71x 0.71x 0.72x 0.73x 19.48x 29.54x 17.63x 18.37x 18.42x 14.53x 12.24x 13.05x 19.81x 15.13x 9.16x 12.18x 12.
Slide 20: Capital Structure
STRONG SHAREHOLDER BASE Capital Structure TSXV: EMPR OTCQX: EMPYF Sha re Owners hip B ala nce Sheet C ASH & MET ALS 2 DE BT 3 DE BT A VAIL ABL E 10% US$21M US$55M US$20M Total Facility US$75M Management & Board 50% Institutional & Strategic Ca pit aliza tio n 40% SHARE S O/S 1 WARRANT S & O P TIO NS
Slide 21: Growth Catalysts
UPCOMING CATALYSTS Growth Catalysts 1 2 3 4 New Tongon Production Exploration Investment Revenue Increasing Potential Opportunities Empress has expanded the Revenue from the Tongon gold Exploration and mine 24 exploration assets, including portfolio by 50% over the past stream is expected to develop
Slide 22: Built for Long Term Growth
WHY EMPRESS. WHY NOW Built for Long Term Growth Diversified Invested Forecasted Value Compelling Portfolio to Date Revenue Creation Entry Point 30 US$89M US$180M+ US$167M US$92M Precious metal royalties Invested US$89M into Expected revenue over Net Asset Value* Market Capitalization of and streams
Slide 23: Let's talk
Let's talk Office Contact Follow Vancouver, Canada +1-604-331-2080 preencoded.png preencoded.png preencoded.png Youtube App White Icon SVG info@empressroyalty.com Vector Toronto, Canada info@empressroyalty.com London, United Kingdom empressroyalty.com Johannesburg, South Africa TSXV: EMPR | OTCQX: E
Slide 24: Appendix: Royalty & Stream Portfolio
Appendix ROYALTY & STREAM PORTFOLIO Empress Royalty · TS X V: E MP R | O TC Q X: E MP Y F
Slide 25: Royalty & Stream Portfolio
APPENDIX Royalty & Stream Portfolio P RO PE R TY OWN E R ST A GE LOC A TIO N C OMM ODIT Y T YP E /T ER MS Tahuehueto Mine Luca Mining (TSXV: LUCA) Production Mexico Silver 100% stream, then 20% Tongon Mine Atlantic Group Production Côte d'Ivoire Gold 3.58% stream, then 2.93%, then 0.81% Sierra Antap
Slide 26: Royalty & Stream Portfolio
APPENDIX Royalty & Stream Portfolio P RO PE R TY OWN E R ST A GE LOC A TIO N C OMM ODIT Y T ER MS Los Venados Alamos Gold Exploration Mexico Gold 2% NSR El Encuentro McEwen Mining Exploration Mexico Gold / Silver 2% NSR Cerro Colorado Gold Resource Corp. Exploration Mexico Gold / Silver 2% NSR El Fu
Slide 27: Royalty & Stream Portfolio
APPENDIX Royalty & Stream Portfolio P RO PE R TY OWN E R ST A GE LOC A TIO N C OMM ODIT Y T ER MS Big Ridge Gold Corp./ Destiny Caprock Mining Corp. Exploration Quebec Gold 0.5–1.0% NSR Oxford Lake Big Ridge Gold Corp. Exploration Manitoba Gold 0.5% NSR / 1% NSR Dog Lake Big Ridge Gold Corp. Explora
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