Toronto, Ontario--(Newsfile Corp. - August 21, 2024) - Royalties Inc. (CSE: RI) ("the Company") announces a non-brokered private placement up to $210,000 at $0.035 per share for 6,000,000 shares which will be used primarily to cover the increased cost of audit and tax professional fees in Canada, property taxes and litigation expenses in Mexico. The strategic investment in Music Royalties Inc. has generated $129,000 in dividend income since October 2022 plus the income from other cash flowing royalties has not yet completely covered corporate overhead. Efforts to maximize the value of the Bilbao silver-zinc-lead project in Mexico in a rising silver price environment are ongoing and the court proceedings to properly recognize the 2% NSR on the Portree claims which are part of the Cozamin mine will resume in September.

About Royalties Inc.

Royalties Inc. has a 2% stake in Music Royalties Inc. ("MRI"), a Canadian-based private company that acquires passive music royalties from rightsholders (including but not limited to artists, producers and songwriters) and currently holds a portfolio of approximately 28 cash-flowing music royalties. MRI is currently paying a monthly dividend generating a 7.2% annual yield.

Royalties Inc. owns a 100% interest, subject to a 1.5% net smelter royalty repurchased in July 2019, on the Bilbao silver-lead-zinc-copper project located in the southeastern part of the State of Zacatecas, Mexico.

Royalties Inc. owns 88% of the outstanding shares of Minera Portree de Zacatecas, S.A. de C.V ("Minera Portree") which holds an asserted claim (backed by a court approved lien) to a 2% net smelter royalty on five mining concessions which are part of the Cozamin Mine operated by Capstone Copper Corp., which claim is challenged by Capstone.

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Forward-Looking Statements

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