Nations Royalty Announces CEO Transition

Executive Summary

• Nations Royalty Corp. announced the appointment of Derrick Pattenden as President and Chief Executive Officer, effective immediately.
• Founder‑CEO Robert McLeod steps down from the CEO role to become CEO of Ascot Resources Ltd., while remaining a director of Nations Royalty.
• Pattenden brings extensive mining finance, M&A, and Indigenous leadership experience and will also serve on the board.

Key Details

• New CEO: Derrick Pattenden – previously Chief Investment Officer (since May 2024) and board member; 15+ years in mining industry; CFA charterholder; Bachelor of Applied Science in Mining Engineering (UBC).
• Outgoing CEO: Robert McLeod – founder, CEO, and director since inception; will continue as a director and assume the CEO role at Ascot Resources Ltd., which holds royalty interests to Nations Royalty’s Premier and Red Mountain deposits.
• Leadership Transition Rationale: Board believes Pattenden’s industry expertise, capital‑markets experience, and Indigenous background position the company for its next growth phase.
• Strategic Focus: Continue advancing strategic objectives in the Golden Triangle region and strengthen Indigenous ownership and management within the royalty business.
• Quotes:
• Robert McLeod: “Founding Nations Royalty… I have full confidence in his ability to lead Nations Royalty forward.”
• Derrick Pattenden: “I look forward to building on this strong foundation as we advance the Company’s strategic objectives.”

Notable Quotes

• Robert McLeod (Director): “One of our key goals is for an Indigenous management and I am excited for Derrick to take on the role of CEO.”
• Derrick Pattenden (President, CEO & Director): “I would like to thank Robert for his leadership… I look forward to building on this strong foundation as we advance the Company’s strategic objectives.”