Nomad Royalty To Acquire Coral Gold

MONTREAL - Nomad Royalty Company Ltd. and Coral Gold Resources Ltd. announced that they have entered into a definitive Arrangement Agreement, under which Nomad intends to acquire all of the outstanding common shares of Coral pursuant to a statutory plan of arrangement pursuant to the Business Corporations Act.

Acquisition Highlights: Acquisition of a premier, uncapped sliding-scale 1.00% to 2.25% net smelter return (NSR) royalty on Nevada Gold Mines’  Robertson property located in Nevada, which forms part of the greater Cortez & Pipeline mining complex; Premier gold mining operator in the world on the tier 1 Cortez & Pipeline mine complex; The Robertson development project contains an historical Inferred mineral resource estimate (MRE) in excess of 2.7 million ounces Au in total oxide and sulphide materials (191.7 Mt grading 0.0143 oz/t Au), using a 0.0147 oz Au/ton cut off, based on the NI 43-101 Preliminary Economic Assessment; Exploration upside from a key asset property with drilling currently underway, that is located within close proximity of the Cortez mill; & Strong balance sheet - downside protection through minimum non-refundable advance royalty payments totaling $0.5 million per year for 10 years commencing in 2025.