Ecru Project Optioned To Moneghetti Minerals

VANCOUVER - Orogen Royalties Inc. has signed an agreement with Moneghetti Minerals  Limited to option the Ecru gold project in Nevada.  "The Ecru project is a sediment hosted Carlin-type gold target located in the prolific Cortez camp of world class gold deposits in Lander County, Nevada," said, CEO, Paddy Nicol. "We are excited to bring this opportunity to Moneghetti, Australia's first all-female-led resources company focused on gold projects in Nevada and Western Australia. The Moneghetti team plans to IPO on the Australian Securities Exchange (ASX) by mid-2021."

The Ecru project covers 7.8 square kilometers of lode mining claims on the northeast margin of Nevada Gold Mine's Cortez land position.  Historic drilling adjacent to the project has intercepted multiple zones of intrusion-related mineralization with gold intercepts including 3.7 meters grading 1.65 g/t gold and 16.9 meters at 1.3 g/t gold.  These intercepts are hosted in upper plate siliciclastic rocks and are geochemically similar to Nevada Gold Mines' 2.7 million ounce Robertson deposit located 1.0 kilometer to the south.  Lower plate carbonate stratigraphy hosts three greater than 10 million ounce gold deposits in the Cortez Camp and has not been drill tested on the Ecru project.  Moneghetti intends to explore the project for its lower plate Carlin-like potential.