Summit Royalties Ltd. (TSX-V: SUM) (OTCQB: SUMMF) is pleased to announce, further to its news release dated March 12, 2026 and entitled “Summit Royalties Announces Agreement to Acquire Royalty on Newmont’s Saddle North Deposit”, that it has completed the acquisition of an existing 1.0% net smelter return royalty on the Saddle North Deposit owned by Newmont Corporation for C$5 million in shares at a deemed price of C$1.765 per share.

The 1.0% NSR royalty held by Summit is subject to a buy-back right in favour of Newmont Corporation, which permits Newmont Corporation to repurchase 50% of Summit’s 1.0% NSR royalty for a cash payment of C$750,000 at any time during the five-year period commencing on the date Saddle North is put into commercial production.

About Summit Royalties Ltd.

Summit Royalties Ltd. is a precious metals royalty and streaming company. Its current portfolio is anchored by cash-flowing production with additional royalties on advanced development- and exploration-stage properties. Summit intends to become the fastest growing royalty and streaming company by executing actionable, accretive acquisitions that increase production and drive cash flow growth. The Corporation has no debt and has sufficient cash on hand for future acquisitions. The Corporation’s registered office is located at One First Canadian Place, Suite 3400, Toronto, ON, M5X 1A4.

ON BEHALF OF THE BOARD OF DIRECTORS OF SUMMIT ROYALTIES LTD.

Drew Clark
President and Chief Executive Officer
Summit Royalties Ltd.

For more information, contact:

Connor Pugliese, Vice President, Corporate Development
info@summit-royalties.com
+1 (289) 380-1960