Royalty Assets

	Property	Primary Commodity	Explorer/Developer	Royalty Basis
1	Chapada	Copper	Lundin Mining	3.7% of payable copper stream
1	Rocanville	Potash	Nutrien	Revenue
1	Cory	Potash	Nutrien	Revenue
1	Allan	Potash	Nutrien	Revenue
1	Patience Lake	Potash	Nutrien	Revenue
1	Esterhazy	Potash	Mosaic	Revenue
1	Vanscoy	Potash	Nutrien	Revenue
1	Voisey's Bay	Nickel, Copper, Cobalt	Vale	0.3% NVR on all metals produced
1	IOC	Iron	Iron Ore Company of Canada	7% Gross Overriding Royalty ("GOR")
1	Grota do Cirilo	Lithium	Sigma Lithium Resources	0.1% GOR
1	Carbon Development	Other	Various	Revenue
2	Silicon / Arthur Gold	Gold	Anglo Gold Ashanti NA	0.5% NSR
2	Gunnison	Copper	Gunnison Copper Corp.	1.625% GSR
2	Kami	Iron	Champion Iron Limited	3% GSR
2	Curipamba	Copper, Gold	Silvercorp Metals Inc.	2% NSR
2	Tres Quebradas (3Q)	Lithium	Zijin Mining Group Co., Ltd.	0.1% GRR
2	Mariana Lithium Project	Lithium	Ganfeng Lithium	10% of 0.5% NSR
3	Telkwa	Met Coal	Bathurst Resources Limited	3% FOB
4	Michelin	Base Metals	Paladin Energy Ltd.	2% NSR on all minerals except uranium
3	Stellar	Copper	PolarX Ltd	2% NSR on gold; 1% NSR on copper
3	Pickett Mountain	Zinc, lead, copper, silver	Wolfden Resources Corp	1.35% GSR
4	Adeline	Copper	Sterling Metals Corp.	1.6% GSR
4	Notakwanon	Uranium	Atha Energy Corp.	2% GSR
4	CMB	Copper, Uranium	Atha Energy Corp.	2% GSR
4	Metastur	Cobalt	Technology Metals (Asturmet Recursos S.L.)	1.5% NSR
4	Florence Lake	Nickel	Churchill Resources Inc.	1.6% GSR
4	Golden Baie	Gold	Canstar Resources Inc.	2% NSR
4	Wilding Lake, Crystal Lake	Gold	Canterra Minerals Corp.	2% NSR
4	Golden Rose	Gold	Eldorado Gold Corp. / Tru Precious Metals Corp.	2% NSR
4	Taylor Brook	Nickel	Churchill Resources Inc.	1.6% GSR
4	Sail Pond	Silver, Copper	Sterling Metals Corp.	2% NSR
4	Midlands	Zinc	BMEx Ltd.	1% GSR
4	Llano de Nogal	Copper	Orogen Royalties Inc.	1.5% NSR on PM; 1.0% NSR on BM
4	Cuale	Copper	Rockstar Mining S.A. de C.V.	1.5% NSR on PM; 1.0% NSR on BM
4	Copper Range	Copper	N/A	Option to acquire 1% NSR held by a third party
4	Cape Ray	Gold	AuMEGA Metals Ltd.	2% NSR
4	Lismore	Zinc	BMEx Ltd.	2% NSR
4	Gibson	Gold	Canex Metals Inc.	Option to acquire a 1.5% NSR
4	Buchans	Zinc	Canstar Resources Inc.	2% NSR
4	Iron Horse	Iron	Sokoman Minerals Corp.	1% GSR; option to acquire additional 1.1% GSR
4	Moosehead	Gold	Sokoman Minerals Corp.	2% NSR
4	Voyageur	Nickel	Perseverance Metals (US) Inc.	2% NSR
4	Mythril	Copper, Gold, Lithium	Midland Exploration Inc.	1% NSR
4	Shire	Zinc, Lithium	Midland Exploration Inc. / Rio Tinto Exploration	1% NSR
4	Moria	Nickel	Midland Exploration Inc. / Rio Tinto Exploration	1% NSR
3	Labrador West Iron Ore	Iron Ore	High Tide Resources Corp.	2.75% GSR on iron ore; 2.75% NSR on all other minerals
4	Roebucks	Copper, Lead, Zinc, Gold, Silver	VMS Mining Inc.	2.5% NSR
3	Lappvattnet, Rormyrberget	Copper, Cobalt, Nickel, PGE	Gungnir Resources Inc.	Option to acquire 2.0% GSR
3	Pine Bay	Copper, zinc, gold and silver	Visionary Copper and Gold Mines Inc.	Option to acquire 0.5% NSR
4	La Coipita	Copper, gold	AbraSilver Resource Corp. / Teck Resources Limited	Option to acquire 1.1% NSR for US $5M
4	Arcas	Copper	AbraSilver Resource Corp.	0.98% GSR
4	Knaften	Copper, gold	Gungnir Resources Inc.	Option to acquire 1.0% GSR
4	Elrond, Helm’s Deep, Fangorn	Gold	Midland Exploration Inc.	1% NSR
4	Hermitage	Gold	Canstar Resources Inc.	2% NSR
4	White Bay	Gold	Churchill Resources Inc.	1.6% GSR
4	Viking	Gold	Magna Terra Minerals Inc.	2% NSR, plus 1-1.5% royalties on surrounding lands
4	Cuprite	Gold	Strikepoint Gold Inc.	1.5% NSR
4	Humalite	Humalite (agricultural additive)	Creative Business Solutions	1-2% sliding scale GOR
4	Sulieman	Zinc	Rio Tinto Exploration Pty Limited	1% NSR for first 10 years of production
4	Bentonite	Clay type minerals including Bentonite	Western Clay Corp.	$1 - $2 per tonne sliding scale royalty
4	Kan	Base Metals, Gold	Midland Exploration Inc.	Option to purchase 0.5% NSR for $750,000
4	Celts	Gold	Eminent Gold Corp.	1.5% NSR
4	Donaldson	Gold	Eminent Gold Corp.	1.5% NSR