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Press release from Business Wire

Royal Gold Amends its Revolving Credit Facility and Term Loan

Wednesday, February 02, 2011

Royal Gold Amends its Revolving Credit Facility and Term Loan11:40 EST Wednesday, February 02, 2011 DENVER (Business Wire) -- Royal Gold, Inc. (NASDAQ:RGLD)(TSX:RGL) today announced that it has amended and restated its term loan (“Term Loan”) and revolving credit facility (“Revolver”) (collectively, the “Bank Facilities”). The Bank Facilities are provided by HSBC Bank USA, National Association and The Bank of Nova Scotia. Key modifications to the Bank Facilities include, among other items: 1) an increase in the maximum availability under the Revolver from $125 million to $225 million; 2) an increase in the total borrowing under the Term Loan from $110.5 million to $130 million; 3) an extension of the final maturity date for each of the Bank Facilities to February 1, 2014; 4) a restructuring of the interest rate applicable to the Term Loan, making it consistent with the interest rate under the Revolver, which results in a reduction in the current effective rate from LIBOR plus 2.25% to LIBOR plus 1.875%; and 5) a reduction in the amortization rate for principal payments under the Term Loan from 5% of the initial funded principal amount per quarter to 3% of the currently funded principal amount per quarter. “The increased size and improved terms of this new financing structure reflects the growth we are experiencing in Royal Gold and provides the Company with greater liquidity and financial flexibility, and positions us well for new opportunities,” said Tony Jensen, President and Chief Executive Officer. Royal Gold is a precious metals royalty company engaged in the acquisition and management of precious metal royalties and similar interests. The Company's portfolio consists of 187 properties on six continents, including interests on 33 producing mines and 24 development stage projects. Royal Gold is publicly traded on the NASDAQ Global Select Market under the symbol “RGLD” and on the Toronto Stock Exchange under the symbol “RGL.” The Company's website is located at www.royalgold.com. Royal GoldKaren Gross, 303-575-6504Vice President and Corporate Secretary