Orogen Royalties and Aurum Discovery form Generative Alliance in Norway

About this update from Orogen Royalties Incorporation

VANCOUVER, BC / ACCESS Newswire / August 17, 2026 / (TSXV:OGN)(OTCQX:OGNNF) Orogen Royalties Inc. ("Orogen" or the "Company") is pleased to announce the formation of a generative exploration alliance (the "Alliance") with a subsidiary of Aurum Discovery ("Aurum"), a private prospect generator based in Ireland. The Alliance will focus on generating gold and silver targets in prospective mineral belts within Norway. Alliance Highlights "Orogen is deploying capital resources into jurisdictions that are low risk and have strong geological and partnership potential," commented Paddy Nicol, Orogen's CEO and President. "We are utilizing the intellectual capital and in-country expertise of Aurum Discovery, a private early-stage explorer focused on organic royalty creation in Europe and Africa. This transaction allows Orogen to expand its prospect generation activities beyond western North America in an efficient and expedient manner. We look forward to working with Aurum's team in the Pasvik and Mjøsa-Vänern regions over the next two years." About the Aurum Gold Generative Alliance The generative alliance between Orogen and Aurum is based on greenfield gold prospects in Norway identified by Aurum from a Scandinavian gold terrane review. The Alliance will focus on the two highest ranked orogenic gold targets: Pasvik and Mjøsa-Vänern (Figure 1) with a potential pipeline of targets. A two-year €500,000 budget is planned with funding by Orogen and exploration, data and in-country expertise provided by Aurum. Targets generated through the Alliance will be funded by Orogen to the project marketing stage ("Designated Projects") where both Aurum and Orogen will seek exploration partnerships, or other monetization opportunities with the objective of retaining long term royalty exposure. All revenues, including sale proceeds, option payments, and royalties derived from the Designated Projects, will be distributed equally between the parties. About the Pasvik Project The 160 square-kilometre Pasvik project is located in Finnmark county, northern Norway approximately 30 kilometres south of the Sydvaranager Iron Mine. The project is within the underexplored Pasvik greenstone belt on the eastern extension of the North Transfennosandian Paleoproterozoic greenstone belt. Gold on the project was first identified as up to 15 grams per tonne ("g/t") gold float samples near Gjedde L...

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