Orogen Royalties talks drilling by royalty partners

Mr. Paddy Nicol reports OROGEN ROYALTIES' EXPLORATION STAGE PROJECT AND ROYALTY UPDATE Orogen Royalties Inc. has provided updates for its partner-financed exploration-stage projects and royalties. Highlights: Up to 30,000 metres of drilling in seven partner-financed programs in Nevada, British Columbia, Colombia and western Kenya, where Orogen holds projects or royalty interests; Over $3-million in generative exploration for copper and gold targets throughout Western United States and Canada with alliance partners Altius Minerals, Triple Flag Precious Metals, South 32 and BHP Xplor; Seven projects under option to industry partners and three projects sold year to date; Orogen will host its second annual Project Generator Day on Oct. 8, 2025, showcasing recently generated projects. Paddy Nicol, chief executive officer of Orogen, commented: "This has been one of the busiest years in Orogen's history for project-level and generative exploration activities. In addition to the sale of the Arthur gold royalty in July, we have profitably created three new royalties through project sales, created three exploration alliances with senior industry partners, and generated several new projects in Western USA and Canada. We look forward to our Project Generator Day Oct. 8, 2025, to showcase our new exploration opportunities." Exploration asset portfolio update MPD South copper-gold porphyry, British Columbia, Canada: Kodiak Copper Corp. completed 5,001 metres of drilling in 44 holes focused on the West, Adit and South zones at the MPD South property. All results of the program have been released and combined confirm higher-grade, near-surface mineralization at all three zones. Shallow higher-grade intercepts include: RC-AXE-25-026 grading 0.63 per cent copper and 0.05 gram per tonne gold over 78.6 metres from surface at the Adit zone that ended in 26.8 metres of 1.59 per cent copper and 0.01 g/t gold; RC-AXE-25-10 grading 0.39 per cent copper and 0.10 g/t gold over 111.3 metres from a depth of 1.5 metres at the South zone; AXE-25-009 grading 0.14 per cent copper and 0.28 g/t gold over 103 metres, including seven metres at 2.11 g/t gold and 0.21 per cent copper. An initial resource estimate that will include all three zones on Orogen's royalty AOI (area of interest) is under way and anticipated by the end of the year. Orogen holds an equity interest in Kodiak and a 2-per-cent NSR (net smelter return) royalty on the MPD South project, subject to a 0.5-per-cent buydown for $2-million. HWY 37 (Ball Creek East, Ball Creek West and Hank claims) copper-gold porphyry project, British Columbia, Canada: Kingfisher Metals Inc. completed 7,630 metres of drilling in 11 holes on the Hank claims to target extensions of known copper-gold porphyry systems at depth and test new porphyry systems. A large regional program consisting of 319 square kilometres of airborne mobile magnetotellurics, induced polarization (IP) geophysics and mapping has also been completed across the property. Results released to date include: Assays from drill hole HW-25-004 grading 0.29 per cent copper and 0.30 g/t gold over 557.8 metres, including 234.35 metres grading 0.44 per cent copper and 0.49 g/t gold from a region with strong bornite-rich stockwork development at the William deposit; Visual results from drill hole HW-25-011, which appears to have intercepted the periphery of a previously undrilled porphyry system over 429 metres beneath the Hank gold-silver epithermal deposit. Kingfisher continues to consolidate a large land position in the Golden Triangle with the acquisition of the Ball Creek West claims from P2 Gold. Orogen holds an equity interest in Kingfisher, rights to receive payments on the Ball Creek West claims, rights to milestone cash payments on the Hank claims and the following royalty interests: 1-per-cent NSR royalty on the Ball Creek East claims; 3-per-cent NSR royalty on the Hank claims with a 1-per-cent buydown for $3-million (U.S.); The right to acquire an additional 1-per-cent NSR royalty on the Ball Creek East, Ball Creek West and Hank claims for $1-million. Maggie Creek gold project, Nevada, United States: Nevada Gold Mines (NGM) completed a 1,840-metre core tail extending the 458-metre MC21-2C hole previously drilled by U.S. Gold Corp. and intersected intense clay alteration within Upper Plate Vinini siltstone and mudstones. The hole confirmed the structural model of the property, intersecting significant thicknesses of Popovich formation limestones in the footwall of a major thrust. In contrast to the upper-plate rocks, the underlying Popovich formation did not appear strongly altered. Assay results are pending and will be reported later in 2025. Follow-up drilling is planned for 2026. Orogen holds the right to cash payments and a 2-per-cent NSR royalty on the Maggie Creek property. Celts epithermal gold project, Nevada, United States: Eminent Gold Corp. completed two IP lines across the steam-heated alteration cap at the Celts project, an exploration analogue to AngloGold Ashanti's Arthur (formerly known as Silicon) gold deposit. The IP displays a large offset, interpreted to be a normal fault beneath the zone of intense alteration. This structure will be the principal target of a late 2025 drill program. Orogen holds an equity position in Eminent and a 1.5-per-cent NSR royalty on the Celts project, subject to a 0.5-per-cent buydown for $750,000 (U.S.). Camelot porphyry copper-gold project, British Columbia, Canada: Prospect Ridge Resources is planning to drill the Camelot project in the coming weeks to test a chargeability anomaly coincident with a monzonite stock not tested by modern drilling. Orogen holds a 1-per-cent NSR royalty on the Camelot project and the right to buy an additional 0.25 per cent for $500,000. La Rica porphyry copper-gold project, Colombia: MCC Mining Inc. (private) completed an oversubscribed $75-million (U.S.) financing during the first half of 2025 to support exploration activities on its projects. While most exploration has focused on MCC's Comita and Pantanos deposits, drilling is anticipated to occur on La Rica in late 2025 or early 2026. Orogen holds a 1-per-cent NSR royalty on the La Rica project, subject to a 0.5-per-cent buydown for up to $15-million (U.S.). Jake Creek epithermal gold project, Nevada, United States: Headwater Gold Inc. announced the signing of a letter of intent with Oceanagold Corp. on Jake Creek. The deal guarantees a minimum exploration spend of $1-million (U.S.) within two years of the execution date. Orogen holds a 1-per-cent NSR royalty on the Jake Creek project, subject to a 0.5-per-cent buydown for $1-million (U.S.). Project Generator Day -- save the date Orogen's exploration team operates partner and self-financed generative exploration in the Western United States and Canada with a combined budget of over $3-million. This important work has led to the acquisition of several new projects, including an undrilled gold-bearing steam cap in Nevada and a high-level expression of a copper-gold porphyry system in British Columbia. These new projects and others are available for option or sale and will be presented during Orogen's second annual Project Generator Day. Project generation in motion -- new exploration opportunities Date and time: Wednesday Oct. 8, 2025, at 10 a.m. PST/1 p.m. EST Please register for the webinar on-line. Qualified person statement All new technical data, as disclosed in this press release, have been verified by Dr. Laurence Pryer, PhD, PGeo, vice-president of exploration for Orogen. Dr. Pryer is a qualified person as defined under the terms of National Instrument 43-101. Certain technical disclosure in this release is a summary of previously released information, and the company is relying on the interpretation provided by the relevant company. Additional information can be found on SEDAR+. About Orogen Royalties Inc. Orogen Royalties is focused on organic royalty creation and royalty acquisitions on precious and base metal discoveries in western North America. The company's royalty portfolio includes the Ermitano gold and silver mine in Sonora, Mexico (2.0-per-cent NSR royalty) operated by First Majestic Silver Corp. The company is well financed with several projects actively being developed by joint venture partners. We seek Safe Harbor.