Orogen Royalties sells Los Coyotes project to Fresnillo

Mr. Paddy Nicol reports OROGEN ROYALTIES SELLS THE LOS COYOTES SILVER-GOLD PROJECT TO FRESNILLO Orogen Royalties Inc. has signed a purchase and sale agreement with a subsidiary of Fresnillo PLC, whereby Fresnillo has acquired the Los Coyotes silver-gold project, located in Sonora, Mexico. To acquire a 100-per-cent interest in the Los Coyotes project, Fresnillo will pay Orogen $118,000 (U.S.) on signing (received) and $1-million (U.S.) on the commencement of commercial production. Orogen will retain a 1-per-cent net smelter return (NSR) royalty. Paddy Nicol, chief executive officer of Orogen, commented: "Los Coyotes is an undrilled silver-gold-rich polymetallic project that was part of Orogen's larger and unoptioned Suanse porphyry copper project. This transaction brings in Fresnillo, the world's leading silver producer, with strong geological and regional expertise to focus on exploring the precious metal potential at Los Coyotes. Orogen will keep its upside exposure to Los Coyotes though its retained royalty without any further capital contribution. We look forward to the next rounds of exploration at Los Coyotes with Fresnillo." About the Los Coyotes silver-gold project The Los Coyotes property consists of six claims covering over 600 hectares located approximately 180 kilometres northeast of Hermosillo in Sonora, Mexico. The property lies within the prolific Laramide porphyry copper belt, between Mexico's two largest copper mines, Cananea and La Caridad, and within the Sierra Madre Occidental gold and silver belt proximal to multiple producing Eocene precious metal vein systems, including the Santa Elena, Ermitano, Las Chispas and Mercedes mines. Mineralization on the Los Coyotes property has been mapped in multiple subparallel northeast-striking subvertical mineralized structures and as replacements within a limestone unit interbedded within the andesites. The mineralized structures, which can be traced across the property for over five kilometres, are undrilled but contain several historical workings. Channel sampling of these structures at surface has returned up to 1.4 metres at 6.81 grams per tonne (g/t) gold and 927 g/t silver. Mineralization is hosted within dacitic to andesitic composition volcanic rocks interpreted to be part of the Laramide-age Tarahumara formation. Qualified person statement All technical data, as disclosed in this news release, has been verified by Dr. Laurence Pryer, PhD, PGeo, vice-president of exploration for the company. Dr. Pryer is a qualified person as defined under the terms of National Instrument 43-101. 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.