Empress Royalty Corp. (TSX-V:EMPR) (OTCQX:EMPYF) is pleased to report that it has closed the US$28.5M Accordion Credit Facility agreement with Nebari Gold Fund 1, LP and Nebari Natural Resources Credit Fund II, LP as announced on December 5, 2023.

The Company’s initial draw of approximately US$3.5M loan under the Credit Facility is now funded.  In accordance with the terms of the Credit Facility, on drawdown of the Initial Loan the Company issued 3,104,513 common share purchase warrants to Nebari.  Each Bonus Warrant is priced at $0.31 and is exercisable into one common share of the Company for a period of three years from the drawdown of the Initial Loan.  The Bonus Warrants are subject to a four-month plus one day hold period.  The Credit Facility allows for the issuance of additional Bonus Warrants to Nebari upon further draws on the Credit Facility equal to 5 million Bonus Warrants on the first US$5M drawn on the Credit Facility following the Initial Loan and 500,000 (or the pro rata amount) for every US$5M drawn thereafter. The issuance of any further Bonus Warrants to Nebari under the Credit Facility is subject to the limitations of the policies of the TSX Venture Exchange and subject to Exchange review prior to issuance.

ABOUT NEBARI

Nebari is a private fund focused on financing bespoke debt and convertible debt facilities for public and private companies within the resources sector. Nebari’s leadership team has extensive technical, financial, and operational experience with leading global mining companies providing it with a true competitive edge. Nebari is actively seeking to partner with motivated and capable management teams focused on achieving clear plan targets. Nebari is based in Miami and has a team of partners located globally, including in London, Madrid, New York, Zug, Perth and Anchorage.

ABOUT EMPRESS ROYALTY CORP.

Empress is a global royalty and streaming creation company providing investors with a diversified portfolio of gold and silver investments. Since listing in December 2020, Empress has built a portfolio of precious metal investments and is actively investing in mining companies with development and production stage projects who require additional non-dilutive capital. The Company has strategic partnerships with Endeavour Financial and Terra Capital which allow Empress to not only access global investment opportunities but also bring unique mining finance expertise, deal structuring and access to capital markets. Empress is looking forward to continuously creating value for its shareholders through the proven royalty and streaming models.