Royal Road Minerals Announces Brokered LIFE Offering

About this update from Royal Road Minerals Limited

Toronto, Ontario--(Newsfile Corp. - July 8, 2026) - Royal Road Minerals Limited (TSXV: RYR) (" Royal Road " or the " Company ") is pleased to announce that it has entered into an agreement with SCP Resource Finance LP (" SCP ") and Raymond James Ltd. (" Raymond James ") as co-lead agents and co-bookrunners (collectively, the " Lead Agents "), on behalf of themselves and a syndicate of agents including Stifel Nicolaus Canada Inc. (collectively as the " Agents "), in connection with a "commercially reasonable efforts" private placement offering of up to 50,000,000 ordinary shares of the Company (the " Shares ") at a price of C$0.20 per Share (the " Issue Price ") for aggregate gross proceeds of up to C$10,000,000 (the " Offering "), with the Shares to be offered and sold pursuant to the Listed Issuer Financing Exemption (as defined herein). It is anticipated that Rio2 Limited will participate in the Offering to maintain their 15% position. The net proceeds of the Offering shall be used for exploration activities in Colombia and for general corporate purposes. Subject to compliance with applicable regulatory requirements and in accordance with National Instrument 45-106 - Prospectus Exemptions (" NI 45-106 "), the Shares will be offered for sale to purchasers resident in each of the provinces of Canada, except Quebec, pursuant to the listed issuer financing exemption under Part 5A of NI 45-106, as amended by Coordinated Blanket Order 45-935 - Exemptions from Certain Conditions of the Listed Issuer Financing Exemption (the " Listed Issuer Financing Exemption "). As the Offering is being completed pursuant to the Listed Issuer Financing Exemption, the Shares issued pursuant to the Offering will not be subject to a statutory hold period pursuant to applicable Canadian securities laws. The Shares may also be offered in the United States or to, or for the account or benefit of, U.S. persons, by way of private placement pursuant to exemptions from the registration requirements of the United States Securities Act of 1933, as amended (the " U.S. Securities Act "), and in jurisdictions outside of Canada and the United States on a private placement or equivalent basis, in each case in accordance with all applicable laws, provided that no prospectus, registration statement or other similar document is required to be filed in such jurisdiction. There is an offering document (the " Offering Document ") related to the Offering that can be accessed under the Company's issuer profile on SEDAR+ at www.sedarplus.ca and on the Company's website at www.royalroadminerals.com . Prospective investors should read the Offering Document before making an investment decision.

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