LunR Royalties Completes Acquisition of the Fruta Del Norte Silver Stream and Receives Conditional Approval to Graduate to the TSX

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LunR Royalties Completes Acquisition of the Fruta Del Norte Silver Stream and Receives Conditional Approval to Graduate to the TSX /* Style Definitions */ span.prnews_span { font-size:8pt; font-family:"Arial"; color:black; } a.prnews_a { color:blue; } li.prnews_li { font-size:8pt; font-family:"Arial"; color:black; } p.prnews_p { font-size:0.62em; font-family:"Arial"; color:black; margin:0in; } Canada NewsWire VANCOUVER, BC, May 28, 2026 /CNW/ - LunR Royalties Corp. ("LunR", or the "Company") (TSXV: LUNR) is pleased to announced that, further to its press releases dated February 22, April 2, and May 22, 2026, it has completed the acquisition of a life-of-mine silver stream (the "Stream") on the Fruta del Norte mine (the "FDN Transaction") in exchange for the issuance of 50,505,051 common shares of the Company (the "Consideration Shares") to Lundin Gold Inc. ("Lundin Gold"). The Company is also pleased to announce that it has received conditional approval to list its common shares on the Toronto Stock Exchange (the "TSX") and graduate from the TSX Venture Exchange (the "TSXV"). Final approval of the listing is subject to the Company meeting certain customary requirements of the TSX, including receipt of all required documentation. The Company will issue a news release once the TSX confirms the date when trading of LunR's common shares is expected to commence on the TSX.Fruta del Norte Silver Stream Summary:Streamed Metal: LunR will purchase 100% of the payable silver production from Fruta del Norte until 12,200,000 ounces have been delivered (the "First Dropdown Threshold"); then 50% of payable silver production until an additional 7,800,000 ounces have been delivered (the "Second Dropdown Threshold"); and thereafter, 7.5% of payable silver production for the remaining life-of-mine.Ongoing Payments: LunR will purchase silver at 10% of the spot price at the time of each delivery for ounces delivered up to the First Dropdown Threshold; payments will increase to 20% of the spot price for ounces delivered up to the Second Dropdown Threshold, and thereafter, will increase to 30% of the spot price at the time of delivery for the remaining life of mine.Effective Date: The Stream is effective as of March 1, 2026, with the first delivery of streamed silver expected to be made by the end of the second quarter of 2026.Stream Area: All mining concessions related to Fru...

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