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Elemental Altus Royalties Corp(ELE-X)
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GOLD ROYALTY ANNOUNCES EXPIRY OF ELEMENTAL OFFER

Newswire.ca - Thu May 12, 2022

VANCOUVER, BC, May 12, 2022 /CNW/ - Gold Royalty Corp. ("GRC") (NYSE American: GROY) today announced the expiry of its previously announced offer (the "Offer") to acquire all of the outstanding common shares of Elemental Royalties Corp. ("Elemental") (TSXV: ELE). The Offer is now terminated and no longer open for acceptance by any Elemental shareholders. As the conditions of the Offer were not satisfied, GRC will not take up any shares deposited under the Offer and will return such securities to the holders thereof.

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