Royal Road Minerals Limited (TSX-V: RYR) is pleased to announce results from its initial scout drilling program at the Lalla Aziza copper project in Morocco.

Lalla Aziza is an underground copper-mine located in Morocco’s Western High Atlas, approximately 90 kilometers southwest of Marrakesh. Lalla Aziza is owned and operated by Moroccan mining company, Carbomine SARL. In December 2024, Royal Road entered into an Option Agreement with Carbomine, which provides the Company with an option to acquire 100% of the Lalla Aziza Mining License. Summary terms of the Agreement are provided below.

The Lalla Aziza mine area is located close to the southwestern extent of Carbomine’s license area, along a regionally extensive, southeast-dipping shear zone which continues for a distance of 4 kilometers diagonally across the license area (see Figure 1). Copper at Lalla Aziza is mined from chalcopyrite ore, hosted in dolomite vein-stockworks and hydrothermal breccia. Dolomite and copper mineralization is emplaced proximal to and within fault-related fold-hinges which plunge shallowly along and in the hanging-wall to the shear zone towards the northeast. Where mapped, mineralized structures can exceed 20 meters in thickness, but underground mining is limited to locally higher-grade intervals, where hand-picked ore averages in excess of 3% copper.

Royal Road has completed geological mapping, underground and surface rock-chip, channel and soil geochemical sampling across the Lalla Aziza license area (see Figures 1 and 2 and press release April 2, 2025). The Company has now completed a 15-hole, 1000-meter reverse circulation scout-drilling campaign at the project. This is the first exploration drilling to be conducted at Lalla Aziza. Drilling is aimed principally at testing bulk copper grades across the extent of the shear/fold zone, including the higher-grade underground intervals, in order to;

1. Assess potential for a “starter”-style open-pit mine; and
2. Test for the along-strike, down-plunge continuity of copper mineralization

Significant drilling results include the following (see Table 1):

These initial scout drilling results at Lalla Aziza have confirmed that economically significant copper grades continue across the width of the shear/fold zone and that the mineralized structure is likely to plunge and continue below-surface towards the northeast (see Figure 3). Grades and thicknesses are considered significant enough to support potential for an open-pit starter at Lalla Aziza, assuming additional recoverable resources exist along and adjacent to the shear zone. Further work at Lalla Aziza will be focused on mapping and geophysics in order to define drill objectives at depth and to the northeast of the current drill grid. The gold potential of the footwall will also be better constrained.

Royal Road has notified Carbomine of its intention to exercise its option to acquire the Lalla Aziza Mining License subject to the terms of the Agreement as summarized below.

“Initial results at Lalla Aziza are encouraging, with strong indications that copper mineralization extends at depth to the northeast. We look forward to commencing detailed mapping, geophysics and targeting to define the project’s full potential and optimize future drilling,” said Tim Coughlin, President and CEO of Royal Road. “Morocco continues to stand out as a geologically prospective and politically supportive jurisdiction-critically positioned to contribute to the world’s growing demand for secure and sustainable supplies of copper and other strategic metals.”

Summary terms of the Agreement are as follows:

• Royal Road have paid to Carbomine the sum of USD$50,000 upon execution of an initial Letter of Intent (superseded by the Agreement)
• Royal Road have paid to Carbomine the sum of USD$200,000 upon execution of the Agreement
• Royal Road has notified Carbomine of its intention to exercise the option to acquire 100% legal and beneficial ownership of the Carbomine mining licence. Subject to completion of the exercise of the option, to receipt of all relevant regulatory approvals in respect of the assignment or transfer of the Mining Licence to Royal Road and the confirmation from the relevant regulatory authorities in the form acceptable to Royal Road that it is the legal owner of the Mining Licence free from all encumbrances Royal Road shall pay the sum of US$1,500,000 to Carbomine
• Upon the anniversary of the date on which Royal Road is registered as the legal and beneficial owner of the mining licence, RRM shall pay an annual fee of US$300,000 to Carbomine until the drawdown of project finance for a Bankable Feasibility Study
• Upon the completion of the first Bankable Feasibility Study on the mining license and the drawdown of project finance for the purpose of such Bankable Feasibility Study, Royal Road shall pay Carbomine the sum of USD$2,500,000
• Upon commencement of commercial production from the mining license, Carbomine shall be granted a net smelter return royalty of 2.5% in total (applicable to all mineral or metallic product extracted and recovered from the mining license) in respect of production from the license

About Royal Road Minerals:

Royal Road Minerals is a mineral exploration and development company with its head office and technical-operations center located in Jersey, Channel Islands. The Company is listed on the TSX Venture Exchange under the ticker RYR, on the OTCQB under the ticker RRDMF and on the Frankfurt Stock Exchange under the ticker RLU. The Company’s mission is to apply expert skills and innovative technologies to the process of discovering and developing copper and gold deposits of a scale large enough to benefit future generations and modern enough to ensure minimum impact on the environment and no net loss of biodiversity. The Company currently explores in the Kingdoms of Saudi Arabia, Morocco and in Colombia.

The information in this news release was compiled, reviewed and verified by Dr. Tim Coughlin, BSc (Geology), MSc (Exploration and Mining), PhD (Structural Geology), FAusIMM, President and CEO of Royal Road Minerals Ltd and a qualified person as defined by National Instrument 43-101