SANDSTORM PORTFOLIO

Set forth below is a summary of the interests added to Royal Gold’s portfolio upon Royal Gold’s acquisitions of Sandstorm Gold Ltd. and Horizon Copper Corp. on October 20, 2025. This summary, which is based on public disclosure by Sandstorm and Horizon before October 20, 2025, is abbreviated and may omit qualifications, conditions, exclusions, sliding scales, price participation, buy-downs, step-ins, caps/floors, areas of interest, or other material terms.

Royal Gold is in the process of evaluating the portfolio of interests acquired through its acquisitions of Sandstorm and Horizon, and following the completion of such evaluation, Royal Gold intends to incorporate such interests on its website under “Our Portfolio.” Until such time, readers are cautioned that the information in the summary below remains subject to change, which changes may be material.

ProJECT	OPERATOR	STAGE	Commodity	Country	Current termS (as of June 30, 2025)
Antamina	Compañia Minera Antamina SA	Producing	Cu, Zn, Mo, Pb, Ag	Peru	1.66% Ag @ 2.5% spot; 0.55% NPI (With the acquisition of Sandstorm Gold and Horizon Copper, Royal Gold will hold a 1.66% NPI)
Aurizona	Equinox Gold Corp.	Producing	Au	Brazil	3.0%–5.0% NSR
Black Fox	McEwen Inc.	Producing	Au	Canada	8% Au @ $613/oz
Blyvoor	Auroous Resources	Producing	Au	South Africa	10% Au @ $572/oz
Bonikro	Allied Gold Corporation	Producing	Au, Ag	Cote d'Ivoire	6% Au @ $400/oz
Caserones	Lundin Mining Corporation	Producing	Cu, Mo	Chile	0.63% NSR
Cerro Moro	Pan American Silver Corp.	Producing	Au, Ag	Argentina	20% Ag @ 30% spot
Cerro Prieto	Goldgroup Mining Inc.	Producing	Au, Ag, Zn, Pb	Mexico	2.0% NSR
CEZinc	Glencore plc	Producing	Zn	Canada	1% of Zn @ 20% spot until Jun. 2030 or 68 Mlbs
Chapada	Lundin Mining Corporation	Producing	Au, Ag, Cu	Brazil	4.2% Cu @ 30% spot
Copper Mountain	Hudbay Minerals Inc.	Producing	Au, Ag, Cu	Canada	5.0% NSR Cu; 2.5% NSR other metals capped $10M on future royalty proceeds
Coringa	Serabi Gold plc	Producing	Au, Ag	Brazil	2.5% NSR
Cosalá	Americas Gold and Silver Corporation	Producing	Ag, Zn, Pb, Cu	Mexico	2.5% NSR until $4M paid back; 0.2% NSR thereafter
Diavik	Rio Tinto Group	Producing	Diamonds	Canada	1.0% GPR
Don Nicolas	Cerrado Gold Inc.	Producing	Au, Ag	Argentina	$3/oz Au up to $2M
Emigrant	Newmont Corporation	Producing	Au	USA	1.5% NSR
Fruta del Norte	Lundin Gold Inc.	Producing	Au, Ag	Ecuador	0.9% NSR
Galena	Americas Gold and Silver Corporation	Producing	Ag, Cu, Pb	USA	2.5% NSR until $4M paid back; 0.2% NSR thereafter
Greenstone	Equinox Gold Corp.	Producing	Au	Canada	2.375% Au @ 20% spot
Gualcamayo	Eris LLC	Producing	Au	Argentina	1.0-3.0% NSR (on oxides, capped at $50M); 2.5% NSR (on Deep Carbonates Project), $30M Producing Payment for Deep Carbonates Project (one-time)
HM Claim	Agnico Eagle Mines Limited	Producing	Au	Canada	2.0% NSR
Houndé	Endeavour Mining plc	Producing	Au	Burkina Faso	2.0% NSR
Ivrindi	Tümad Madencilik San.ve Ticaret A.Ş.	Producing	Au	Türkiye	2.0% NSR
Karma	Néré Mining	Producing	Au	Burkina Faso	1.625% Au @ 20% spot
Las Calandrias	Cerrado Gold Inc.	Producing	Au, Ag	Argentina	2.0% NSR
Mercedes	Bear Creek Mining Corp.	Producing	Au, Ag	Mexico	Au: 14.3 koz Au from Jan. 2024 to Apr. 2028; Ag: Nil deliveries from Jan. 2024 to Apr. 2028
Mine Waste Solutions	Harmony Gold Mining Company Limited	Producing	Au, U	South Africa	1.0% NSR
Moss	Mako Mining Corp.	Producing	Au, Ag	USA	0.5%-3.0% NSR
Relief Canyon	Americas Gold and Silver Corporation	Producing	Au, Ag	USA	32 koz Au over 5.5 yrs; 4% Au/Ag @ 30%-65% spot thereafter; 1.4-2.8% NSR
Riacho dos Machados (RDM)	Equinox Gold Corp.	Producing	Au, Ag	Brazil	1.0% NSR on Au; 2.0% NSR on all other metals
San Francisco	Magna Gold Corp.	Producing	Au	Mexico	3,300 oz Au over 4 yrs; 1.0% NSR thereafter
Santa Elena	First Majestic Silver Corp.	Producing	Au, Ag	Mexico	20% Au Stream @ $487/oz
Serra Leste (Northern System)	Vale S.A.	Producing	Fe	Brazil	0.05% Net Fe Sales Royalty
Serra Norte (Northern System)	Vale S.A.	Producing	Fe	Brazil	0.05% Net Fe Sales Royalty
Serra Sul (Northern System)	Vale S.A.	Producing	Fe	Brazil	0.05% Net Fe Sales Royalty
Sossego	Vale S.A.	Producing	Au, Cu	Brazil	0.03% Net Au/Cu Sales Royalty
South Arturo	Barrick Mining Corporation	Producing	Au, Ag	USA	40% Ag @ 20% spot (existing mineralized areas), 20% Ag @ 20% spot (new discoveries)
Thunder Creek and 144 Zone	Pan American Silver Corp.	Producing	Au	Canada	1.0% NSR
Triangle Zone	Eldorado Gold Corporation	Producing	Au	Canada	2.0% NSR
Woodlawn	Develop Global Limited	Producing	Zn, Cu, Pb, Ag, Au	Australia	80% Ag @ $0/oz (A$27M cap); A$1M/1.0 Mt tailings ore processed (A$1M cap)
Agi Dagi	Alamos Gold Inc.	Development	Au, Ag	Türkiye	US$6M Production Bonus (one-time)
Barry	Bonterra Resources Inc.	Development	Au	Canada	0.5%-1.0% NSR; 3.9% NSR
Bayan Khundii	Erdene Resource Development Corp.	Development	Au, Ag, Zn, Pb	Mongolia	1.0% NSR
Chapada (Suruca deposit)	Lundin Mining Corporation	Development	Au	Brazil	2.0% NSR
Corani	Bear Creek Mining Corp.	Development	Ag, Pb, Zn	Peru	1.0% NSR
Gladiator (West Arena)	Bonterra Resources Inc.	Development	Au	Canada	1.0% NSR
Gold Bar (Cabin Creek)	McEwen Inc.	Development	Au	USA	10% NPI
Gum Creek (Howards & Orion)	Horizon Gold Limited	Development	Au	Australia	A$10oz
Hod Maden	SSR Mining Inc.	Development	Au, Cu	Türkiye	20% Au @ 50% spot until 405koz; 12% Au @ 60% spot thereafter; 2.0% NSR (With the acquisition of Sandstorm Gold and Horizon Copper, Royal Gold will hold a 2.0% NSR and a 30% non-operating interest)
Horne 5	Falco Resources Ltd.	Development	Au, Cu, Zn, Ag, Ni	Canada	2.0% NSR
Hugo North Extension	Rio Tinto Group / Entrée Resources Ltd.	Development	Au, Ag, Cu, Mo	Mongolia	4.47% Au @ $220/oz; 4.47% Ag @ $5/oz; 0.33% Cu @ $0.50/lb
Itabira (Southeastern System)	Vale S.A.	Development	Fe	Brazil	0.05% Net Fe Sales Royalty (after threshold)
Kirazli	Alamos Gold Inc.	Development	Au, Ag	Türkiye	US$2.5M Production Bonus (one-time)
Lobo-Marte	Kinross Gold Corporation	Development	Au	Chile	1.05% NSR
MARA	Glencore plc	Development	Au, Ag, Cu, Mo	Argentina	0.25% NSR
Mariana (Southeastern System)	Vale S.A.	Development	Fe	Brazil	0.05% Net Fe Sales Royalty (after threshold)
Minas Centrais (Southeastern System)	Vale S.A.	Development	Fe	Brazil	0.05% Net Fe Sales Royalty (after threshold)
Montagne d'Or	Orea Mining Corp.	Development	Au	French Guiana	1.0% NSR
Moroy / Bachelor	Bonterra Resources Inc.	Development	Au	Canada	3.9%-4.9% NSR
Mt. Hamilton	Waterton Global Resource Management LP	Development	Au, Ag	USA	2.4% NSR
North Timmins	Gowest Gold Ltd.	Development	Au	Canada	1.0% GSR
Platreef	Ivanhoe Mines Ltd.	Development	Pt, Pd, Au, Rh, Ni, Cu	South Africa	37.5% Au until 131 koz @ $100/oz
Red Rabbit	Zenit Madencilik San. ve Tic. A.S.	Development	Au, Ag	Türkiye	1.0% NSR
Robertson (Cortez Complex)	Barrick Mining Corporation	Development	Au, Ag	USA	1.0%-2.25% NSR
Seymour Lake	Green Technology Metals Limited	Development	Li	Canada	1.5% NSR
Troilus	Troilus Gold Corp.	Development	Au, Cu, Ag	Canada	1.0% NSR
Abu Marawat	Aton Resources Inc.	Advanced Exploration	Au	Egypt	1.0% NSR
Alemao	Vale S.A.	Advanced Exploration	Au, Cu	Brazil	0.06% Net Au/Cu Sales Royalty
Altan Nar	Erdene Resource Development Corp.	Advanced Exploration	Au, Ag, Zn, Pb	Mongolia	1.0% NSR
Alto Paráná	Uranium Energy Corp.	Advanced Exploration	Titanium	Paráguay	1.0% NSR
Angilak	Atha Energy Corp.	Advanced Exploration	U, Ag, Mo, Cu	Canada	1.0% NSR
Blende	Blende Silver Corp.	Advanced Exploration	Zn, Pb, Ag	Canada	2.0% NSR
Cadillac Break	Agnico Eagle Mines Limited	Advanced Exploration	Au	Canada	1.0% NSR
Gcwihaba	Tsodilo Resources Ltd.	Advanced Exploration	Fe, Cu, Ni, Co, Zn, Au	Botswana	1.0% NSR
Goldwedge	Scorpio Gold Corp.	Advanced Exploration	Au	USA	2.0% NSR
Heruga	Rio Tinto Gorup / Entrée Resources Ltd.	Advanced Exploration	Au, Ag, Cu, Mo	Mongolia	3.39% Au @ $220/oz; 3.39% Ag @ $5/oz; 0.33% Cu @ $0.50/lb
Long Lake	Canterra Minerals Corporation	Advanced Exploration	Zn, Cu, Pb, Au, Ag	Canada	2.0% NSR
Mel	Silver Range Resources Ltd.	Advanced Exploration	Zn, Pb, Barite	Canada	1.0% NSR
North Telfer	Antipa Minerals Limited	Advanced Exploration	Au, Cu, Co	Australia	1.0% NSR
Omai	Omai Gold Mines Corp.	Advanced Exploration	Au	Guyana	1.0% NSR
Pickle Crow	FireFly Metals Ltd.	Advanced Exploration	Au	Canada	0.5% NSR
Point Leamington	Callinex Mines Inc.	Advanced Exploration	Au, Zn, Cu, Ag, Pb	Canada	1.5% NSR
Pony Creek	Orla Mining Ltd.	Advanced Exploration	Au	USA	3.0% NSR
Ruddock Creek	Imperial Metals Corporation	Advanced Exploration	Pb, Zn	Canada	1.0% NSR
South Tally/Lemarchant	Canterra Minerals Corporation	Advanced Exploration	Zn, Au, Ag, Cu, Pb	Canada	2.0% NSR
Tsacha (Tommy Vein)	Independence Gold Corp.	Advanced Exploration	Au, Ag	Canada	2.0% NSR
Tulks South	Canterra Minerals Corporation	Advanced Exploration	Zn, Pb, Cu, Ag, Au	Canada	2.0% NSR
Whistler	GoldMining Inc.	Advanced Exploration	Au, Ag, Cu	USA	2.0% NPI
Yusufeli	Akdeniz Resources Madencilik A.S.	Advanced Exploration	Au, Pb, Zn, Ag, Cu	Türkiye	2.0% NSR Au; 1.75% NSR other metals
Abitibi/Sarah Lake	Fjordland Exploration Inc.	Exploration	Ni, Cu, Co	Canada	1.0% NSR
Adi Da-iro	Sun Peak Metals Corp.	Exploration	Au, Cu	Ethopia	1.0% NSR
Akorade	Star Goldfields Ltd.	Exploration	Au	Ghana	1.0% NSR
Altan Arrow	Erdene Resource Development Corp.	Exploration	Au, Ag, Zn, Pb	Mongolia	1.0% NSR
Altintepe	Bahar Madencilik Sanayi ve Ticaret	Exploration	Au, Ag	Türkiye	1.5% NSR
Amapari	Mineracao Amapari S.A.	Exploration		Brazil	3.0% NSR
Amelia	Ximen Mining Corp.	Exploration		Canada	2.0% NSR
Argosy	Pinnacle Silver and Gold Corp.	Exploration	Au	Canada	0.5% NSR
Arrow	Raiden Resources Ltd.	Exploration	Au	Australia	1.0% NSR
Ashby	Silver North Resources Ltd.	Exploration	Au	USA	1.0% NSR
Aurizona Greenfields	Equinox Gold Corp.	Exploration	Au	Brazil	2.0% NSR
Aurora	Klondex Aurora Mine Inc.	Exploration		USA	2.0% NSR
Ball Creek	Kingfisher Metals Corp.	Exploration	Cu, Au, Ag, Mo	Canada	2.0% NSR
Big Bulk	LCT Holdings Inc.	Exploration		Canada	1.5% NSR
Big W	Barrick Gold US Inc.	Exploration		USA	3.0% NSR
Blue Quartz	McLaren Resources Inc.	Exploration	Au	Canada	0.5% NSR
Bobosso	Montage Gold Corp.	Exploration	Au	Cote d'Ivoire	1.0% NSR
Bondoukou	Nexus Gold Corp.	Exploration	Au	Cote d'Ivoire	2.0% NSR
Bongou	Predictive Discovery Ltd.	Exploration	Au	Burkina Faso	1.0% NSR
Bouboulou	Nexus Gold Corp.	Exploration	Au	Burkina Faso	1.0% NSR
Box	Fortune Bay Corp.	Exploration	Au	Canada	1.5% NSR
Bracemac-McLeod	Glencore plc	Exploration	Zn, Cu, Au, Ag	Canada	3.0% NSR
Broulan Reef	Evolution Mining Gold Operations Ltd.	Exploration		Canada	2.0% NSR
Bungalbin	Mineral Resources Inc.	Exploration		Australia	3.5% NSR
Butterfly Lake	Thesis Gold Inc.	Exploration		Canada	0.71% GOR
Camporo	FPX Nickel Corp.	Exploration	Au, Ag	Honduras	0.4%-1.2% NSR
Capricho	Copper Standard Resources Inc.	Exploration		Peru	1.0% NSR
Celeste	Marimaca Copper Corp.	Exploration		Chile	3.0% NSR
Chavin	Condor Resources Inc.	Exploration		Peru	0.5% NSR
Copper Cliff	Rio Tinto Group	Exploration		USA	1.5% NSR
CT	Kreft Resources Ltd.	Exploration		Canada	0.75% NSR
Dixie Flats	Orla Mining Ltd.	Exploration		USA	2.0% NSR
Dixie Lake	Renegade Gold Inc.	Exploration	Au	Canada	1.0% NSR
Duchess	Renegade Gold Inc.	Exploration	Au	Canada	0.5% NSR
East My-Ritt	Agnico Eagle Mines Limited	Exploration		Canada	0.5% NSR
El Placer	GR Silver Mining Ltd.	Exploration	Au, Ag, Pb, Zn	Mexico	1.0% NSR
Emma & Silva	Carlin Gold USA	Exploration		USA	3.0% NSR
English	Renegade Gold Inc.	Exploration	Au	Canada	0.5% NSR
Eureka	Pacific Ridge Exploration Inc.	Exploration		Canada	1.0% NSR
Forrest Kerr	Aben Gold Corp.	Exploration	Au	Canada	0.5%-1.0% NSR
Forrestania	IGO Limited	Exploration	Ni	Australia	1.0% GRR
Fostung	UAMY Cobalt Corporation	Exploration	Tungsten	Canada	1.0% NSR
Francisco Marsano	Leda Resources	Exploration		USA	1.0% NSR
Frontline 1	Renegade Gold Inc.	Exploration	Au	Canada	0.5% NSR
Gatita	Compañia Menera Potosi S.A.	Exploration		Peru	1.0% NSR
Gold Bridge	Blackstone Minerals Limited	Exploration	Co, Au	Canada	1.0% NSR
Gold Cap	Pacific Ridge Exploration Ltd.	Exploration		Canada	1.0% NSR
Gold Hawk	Agnico Eagle Mines Limited	Exploration	Au	Canada	2.0% NSR
Golden Cloud	Klondex Hollister Mine Inc.	Exploration		USA	3.0% NSR
Golden Loon	Renegade Gold Inc.	Exploration	Au	Canada	1.0% NSR
Goldstorm	Seabridge Gold Inc.	Exploration		USA	1.5%
Gordon Creek	Gordon Creek Energy Inc.	Exploration		USA	10% GOR
Gullrock	Renegade Gold Inc.	Exploration	Au	Canada	0.5% NSR
Hart	Ji Lin Ji En Nickel Industry Co.	Exploration	Ni, Cu	Canada	1.0% NSR
Hasandagi	Newmont Altin Madencilik Ltd. Şirketi	Exploration		Türkiye	2.0%NSR
Hit	Rackla Metals Inc.	Exploration	Au	Canada	2.0% NSR
Huiñac Punta	Condor Resources Inc.	Exploration		Peru	0.5% NSR
Huiniccasa	Volcan Compañía Minera S.A.A.	Exploration		Peru	1.25% NSR
Iron Horse	Sokoman Iron Corp.	Exploration	Iron Ore	Canada	1.0% NSR
Joannès Lake	Bullion Gold Resources Corp.	Exploration	Au	Canada	2.0% NSR
Justin	Aben Gold Corp.	Exploration	Au	Canada	2.0% NSR
Kalium Canyon	Green Light Metals Inc.	Exploration	Au	USA	1.0% NSR
Karaağaç	Anadolu Export Maden Sanayi ve Ticaret Limited Şirketi	Exploration	Au	Türkiye	1.5% NSR
Keno Hill	Hecla Mining Company	Exploration	Au, Ag, Zn, Pb	Canada	25% NPI
KM61	Antler Gold Inc.	Exploration	Ag, Cu, Mo	Canada	0.25% NSR
La Cecilia	Riverside Resources Inc.	Exploration	Au, Ag	Mexico	1.0%-1.5% NSR
La Union	Riverside Resources Inc.	Exploration		Mexico	1.0%-1.5% NSR
Lac Manitou	EGR Exploration Ltd.	Exploration		Canada	1.0% NSR
Leinster	Future Battery Minerals Ltd.	Exploration	Ni, Au	Australia	2.5% NSR
Lorrain	Kuya Silver Corporation	Exploration	Co	Canada	2.0% NSR
Los Cisnes	Cerrado Gold Inc.	Exploration	Au, Ag	Argentina	2.0% NSR
Los Cuarentas	Riverside Resources Inc.	Exploration		Mexico	1.0%-1.5% NSR
Los Tambos	Copper Standard Resources Inc.	Exploration		Peru	1.0% NSR
Los Verdes (Bacanora)	Minera Alamos Inc.	Exploration	Ag, Cu, Mo	Mexico	2.0% NSR
Lucero	Element 79 Gold Corp.	Exploration	Au	Peru	0.5% NSR
Magmont	Doe Run Resources Corporation	Exploration	Zn, Pb, Cu	USA	1.25% NSR
Mainstreet	Gold Fields Limited	Exploration		Canada	1.2% NSR
Mammoth Kohinoor	Big Springs Gold	Exploration		USA	3.0% NSR
Mann Lake	Basin Uranium Corp.	Exploration	U	Canada	2.5% NSR
Marathon (Bermuda)	Generation Mining Limited	Exploration	Pd, Pt, Fe, Ti, Cu, Au	Canada	0.5% NSR
Mario	Agnico Eagle Mines Limited	Exploration	Zn, Pb, Ag	Peru	2.0% NSR
Meli	Sun Peak Minerals Corp.	Exploration	Au, Ag, Cu	Ethiopia	1.0% NSR
More Creek	Tower Resources Ltd.	Exploration		Canada	2.0% NSR
Muratdagi	Kenz Enerji ve Madencilik San. Ve Tic. A.S.	Exploration		Türkiye	2.0% NSR
Nassau	Miata Metals Corp.	Exploration	Au	Suriname	0.5%-1.0% NSR
Nechako	Tower Resources Ltd.	Exploration	Au, Ag, Cu, Zn	Canada	2.0% NSR
Nefasit	Sun Peak Metals Corp.	Exploration	Au, Cu	Ethiopia	1.0% NSR
New Afton	New Gold Inc.	Exploration		Canada	2.0% NSR
Newman-Madsen	West Red Lake Gold Mines Ltd.	Exploration	Au	Canada	0.5% NSR
Niangouela	Nexus Gold Corp.	Exploration	Au	Burkina Faso	1.0% NSR
North Star	Orla Mining Ltd.	Exploration		USA	3.0% NSR
NT Green	SSR Mining Inc.	Exploration		USA	0.5%-2.0% NSR
Odienné	Awalé Resources Limited	Exploration		Cote d'Ivoire	2.0% NSR
Pacaska	Copper Standard Resources Inc.	Exploration		Peru	1.0% NSR
Paco Orco	Copper Standard Resources Inc.	Exploration		Peru	1.0% NSR
Pakwash	Renegade Gold Inc.	Exploration	Au	Canada	1.0% NSR
Pucamayo	Condor Resources Inc.	Exploration		Peru	0.5% NSR
Rabbit North	Tower Resources Ltd.	Exploration	Au, Cu	Canada	2.0% NSR
Rain	Newmont Corporation	Exploration	Au	USA	1.5% NSR
Rakounga	Nexus Gold Corp.	Exploration	Au	Burkina Faso	1.0% NSR
RF #1-8 (Railroad)	Orla Mining Ltd.	Exploration	Au	USA	3.0% NSR
Rio Novo North/South	Rio Minas Mineracao S.A.	Exploration		Brazil	0.75% NSR
Rochester (Expansion)	Coeur Mining Inc.	Exploration		USA	3.0% NSR
Saints	Future Battery Minerals Ltd.	Exploration	Ni, Au	Australia	2.5% NSR
San Javier	Canuc Resources Corp.	Exploration	Au, Ag	Mexico	1.0%-1.5% NSR
San Martin	Condor Resources Corp.	Exploration		Peru	0.5% NSR
Santa Renia	Klondex Hollister Mine Inc.	Exploration		USA	3.0% NSR
Schaft Creek North	Teck Resources Limited	Exploration	Au, Ag, Cu, Mo	Canada	2.0% NSR
Scotia	Future Battery Minerals Ltd.	Exploration	Ni	Australia	2.5% NSR
Serra Pelada	Colossus Minerals Inc.	Exploration	Au, Pt, Pd	Brazil	2.0% NSR
Sheerness	Westmoreland Coal Company	Exploration	Coal	Canada	5.0% GRR
Shotgun	TNR Gold Corp.	Exploration	Au	USA	5.0% NPI
Sierrra Blanca	Unico Silver Limited	Exploration		Argentina	2.0% NSR
Skinner	Prosper Gold Corp.	Exploration		Canada	7.5% NPI
Summit Lake	Copper Lake Resources Ltd.	Exploration		Canada	1.9% NSR
Tami	Skeena Resources Limited	Exploration		Canada	2.0% NSR
Tempetou	Predictive Discovery Ltd.	Exploration	Au	Burkina Faso	1.0% NSR
Ten Mile Creek	Bernie Kreft	Exploration		Canada	1.5% NSR
Terer	Sun Peak Metals Corp.	Exploration	Au	Ethiopia	1.0% NSR
Tilly	Renegade Gold Inc.	Exploration	Au	Canada	0.5% NSR
Tombul	Elaziğ Baskil Madencilik A.S.	Exploration		Türkiye	2.0% NSR
Toy	SSR Mining Inc.	Exploration		USA	0.5%-2.0% NSR
Treasure Hill	Treasure Hill Resources LLC	Exploration		USA	1.0% NSR
Ulaan	Erdene Resource Development Corp.	Exploration	Au, Ag, Zn, Pb	Mongolia	1.0% NSR
Valdora	Agnico Eagle Mines Limited	Exploration	Au	Canada	1.0% NSR
Van Stone	Equinox Resources (WASH) Inc.	Exploration		USA	1.5% NSR
Villa Union	GR Silver Mining Ltd.	Exploration	Au, Ag	Mexico	1.0% NSR
Waconichi	Brunswick Exploration Inc.	Exploration		Canada	1.0% NSR
Woodruff	Orla Mining Ltd.	Exploration		USA	4.0% NSR
Wrigley	Devonian Metals Inc.	Exploration		Canada	2.0% NSR
Yandicoogina	Darren White	Exploration	Au	Australia	1.0% NSR
Yauco	GR Silver Mining Ltd.	Exploration	Au, Ag	Mexico	1.0% NSR

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