Royal Road Secures Title Grant and Advances Drilling Under Option Agreement, GAM Project, Colombia

The most recent news release (January 12, 2026) announces the formal granting of the Chuscalita Mining Concession Contract in Colombia. This title is adjacent to the company’s flagship G\u00fc\u00edntar project. Royal Road has made a USD$150,000 payment to satisfy the option agreement terms, allowing them to commence drilling immediately. The company holds an exclusive right to acquire an 80% interest in the title by making a one-time cash payment of USD$1.125 million. This title is critical because the mineralized system identified at G\u00fc\u00edntar is interpreted to extend into Chuscalita, specifically targeting deep porphyry potential.

This news is Material - Positive for three primary reasons: - Jurisdictional Progress: After years of regulatory and community-related delays in Colombia (noted in September 2025 updates), the formal granting of a 30-year title indicates a thaw in the Colombian mining administration and successful local engagement. - Project Contiguity: The Chuscalita title is not a "greenfield" gamble; it is the geological extension of a known system where the company has already drilled 45 holes with significant intercepts (e.g., 303m @ 1.0 g/t AuEq). Securing this ground is essential for defining the scale of the GAM (G\u00fc\u00edntar-Aleman-Margaritas) project. - Operational Execution: Following the $5 million CAD financing in late 2025, the company is now deploying capital into the ground. Drilling at Chuscalita represents the first major test of the "deep porphyry" theory that has been the cornerstone of the company’s Colombian thesis.

Royal Road Minerals is a generative explorer with a diversified portfolio in Colombia, Saudi Arabia, and Morocco. - Flagship Project: The GAM Project (Colombia). It consists of the G\u00fc\u00edntar, Margaritas, and now Chuscalita titles. The project has demonstrated "unambiguous evidence" of a large-scale porphyry system with associated skarn and sheeted-vein mineralization. - Saudi Arabia: Operating through a 50/50 JV (Royal Road Arabia) with MIDU. Key project is Jabal Sahabiyah (Gold/Copper/Zinc). - Morocco: Focusing on the Lalla Aziza copper project (1.3% Cu scout drilling results).