Increased Wahgnion Planned Average Annual Production

VANCOUVER - Elemental Royalties Corp. announced that Teranga Gold Corporation reported an updated life of mine plan and increased 2020 production guidance at its Wahgnion Gold Operation, located in southwest Burkina Faso, West Africa.

Highlights: Teranga has increased Wahgnion's 2020 production guidance to between 150,000 – 165,000 ounces, a 15% – 18% increase from earlier guidance of 130,000 – 140,000 ounces; Since commissioning, Wahgnion's processing plant has performed approximately 25% above nameplate capacity for throughput and gold recovered; Teranga has also updated the Life of Mine plan to accommodate higher throughput capacity, increasing annual expected production by 25% with a corresponding reduction of mine life to 10 years based on the currently-defined Mineral Reserve; Annual gold production is expected to average 150,000 ounces through 2025; & A multi-year drilling and exploration program has commenced with the goal of extending mine life to 15 years at three existing deposit areas and more than a dozen exploration targets.