Orogen Royalties Appoints Mr. Chad Wells to the Board of Directors

Executive Summary

• Orogen Royalties Inc. has appointed Mr. Chad Wells to its Board of Directors.
• As part of the appointment, the Board has granted Mr. Wells 55,000 incentive stock options.

Key Details

• New Director: Mr. Chad Wells, an experienced executive and geologist with over 25 years of experience in the natural resources sector (formerly Vice President of Altius Minerals Corporation).
• Option Grant Quantity: 55,000 incentive stock options.
• Exercise Price: $3.34 per option.
• Option Term: Five years.

Notable Quotes

• Paddy Nicol, CEO: "Chad has had a successful career in creating value for shareholders in the project generation and royalty space and he will bring a unique and complementary perspective to Orogen's board. His knowledge of markets, structuring transactions and negotiations will help bolster the strategic guidance of the Company."
• Chad Wells: "I'm very pleased to be joining the Board of Directors of Orogen Royalties. Orogen's disciplined approach to project generation and organic royalty creation strongly aligns with the philosophy I've worked within throughout my career."