Royalty Acquired On Antofagasta's Twin Metals Project In Minnesota

VANCOUVER - Nova Royalty Corp. has entered into a royalty purchase agreement to acquire an existing 2.4% net smelter return royalty on a portion of the Twin Metals copper-nickel-platinum group metals project located in Minnesota (the "TMM Project") owned by Antofagasta PLC. The royalty area covers approximately 18% of the combined resources in the Maturi and Maturi Southwest deposits that comprise 100% of the mine plan that is set out in the prior prefeasibility study, prepared for Duluth Metals Corp. in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects (the "Technical Report"). The TMM Project is a copper, nickel, and platinum group metals project located in the Duluth Complex mining camp in north-eastern Minnesota.

Alex Tsukernik, President and CEO, saidd, "The Duluth Complex is one of the world's great metal districts and accounts for 34% of all copper reserves and 95% of all nickel reserves in the United States. The transition to electric energy from fossil fuels has become a coordinated objective of the global community. Twin Metals, with over 25 billion pounds of contained copper and 9 billion pounds of contained nickel, is a natural strategic source of these unique, necessary building blocks of clean energy for North America. Antofagasta, the owner of Twin Metals, is one of the world's great mining companies, and we are excited to watch the project's progress. Twin Metals is our first royalty acquisition in United States, and we have also initiated the process to list Nova's shares on the US OTCQB market to enable US investors to directly invest, through Nova, into the most strategic deposits of the new energy supply chain.”