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Press release from Marketwire

Alaris Royalty Corp. Announces Completion of Contribution to Solowave and Exercise of Subscription Receipts for Common Shares

Thursday, December 16, 2010

Alaris Royalty Corp. Announces Completion of Contribution to Solowave and Exercise of Subscription Receipts for Common Shares15:09 EST Thursday, December 16, 2010CALGARY, ALBERTA--(Marketwire - Dec. 16, 2010) - Alaris Royalty Corp. ("Alaris" or the "Corporation") (TSX:AD) is pleased to announce that it has closed its previously-announced contribution (the "Solowave Contribution") of $32,500,000 to Solowave Design LP (the "Partnership"), a partnership formed with Solowave Design Inc. ("Solowave"). Pursuant to the terms of the agreement governing the Partnership, Alaris acquired 3,250,000 preferred limited partnership units (the "Preferred Units") in the Partnership. Alaris is also pleased to announce it has repaid its outstanding subordinated debt in full.The Preferred Units entitle Alaris to an initial annual preferred distribution of $5,000,000 in the first twelve (12) months from closing, payable monthly, in priority to holders of other units in the Partnership. "Alaris is proud to be a partner with Solowave. The strength of Solowave's management team as well as the stability of its business made this a perfect fit for Alaris. We look forward to future contributions to the Partnership as it continues to grow and demonstrate its market leadership." said Alaris President and CEO, Steve King.As a consequence of the completion of the Solowave Contribution, each of the 2,477,000 subscription receipts that were issued in Alaris' public offering completed earlier today were automatically exercised into one voting common share of Alaris and the escrowed proceeds of the offering were released to Alaris.About the Corporation:Alaris provides alternative financing to private companies (throughout this press release, collectively identified as the "Private Company Partners" and individually as a "Private Company Partner") in exchange for royalties or distributions with the principal objective of generating stable and predictable cash flows for dividend payments to its shareholders. Royalties or distributions from the Private Company Partners are structured as a percentage of a "top line" financial performance measure such as gross margin and same-store sales and rank in priority to the owners' common equity position.Forward-Looking StatementsThis news release contains forward-looking statements and forward-looking information within the meaning of applicable Canadian securities legislation (collectively, "forward-looking statements"). Specifically, this press release contains forward-looking statements relating to the distributions to be received from the Partnership. The forward-looking statements are based on certain key expectations and assumptions made by Alaris, including, without limitation, assumptions concerning the general state of the North American economy, future contributions to the Partnership, as well as assumptions that distributions from the Partnership will be made to Alaris as and when expected. Management of Alaris believes that such expectations and assumptions are reasonable at this time. Although Alaris believes that the expectations and assumptions on which such forward-looking statements and information are based are reasonable at the date of this press release, undue reliance should not be placed on the forward-looking statements and information as Alaris can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. The forward-looking statements contained in this press release are made as of the date hereof and Alaris undertakes no obligation to update publicly or revise any forward-looking statements, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.FOR FURTHER INFORMATION PLEASE CONTACT: Curtis KrawetzAlaris Royalty Corp.Manager, Investor Relations403.221.7305