OR Royalties Inc. ("OR Royalties" or the "Company") (OR: TSX & NYSE) is pleased to announce its second quarter 2026 preliminary deliveries, revenues and cash margin, as well as to provide an update on its cash and debt positions as at June 30th, 2026. All monetary amounts included in this report are expressed in United States dollars, unless otherwise noted.

PRELIMINARY Q2 2026 RESULTS

OR Royalties earned 20,757 attributable gold equivalent ounces1 ("GEOs") in the second quarter of 2026. OR Royalties recorded preliminary revenues from royalties and streams of $97.8 million during the second quarter and preliminary cost of sales (excluding depletion) of $3.1 million, resulting in a quarterly cash margin2 of approximately $94.7 million (96.8%).

As at June 30th, 2026, OR Royalties’ cash position was approximately $75.6 million, after repurchases of common shares made under the normal course issuer bid of $8.0 million (C$11.2 million) during the second quarter. The Murray Brook precious metals stream transaction with Canadian Copper Inc., along with the concurrent equity investment, both originally announced in April 2026, are expected to close in the third quarter for a total amount of $9.0 million, which is expected to be financed using cash available on the balance sheet.

OR Royalties' revolving credit facility was drawn by $215.0 million at June 30, 2026, leaving $435.0 million of available capacity, plus an uncommitted accordion of up to $200.0 million. Following debt repayments of $18.0 million during the quarter, the Company's net debt position was reduced to $139.4 million as at June 30, 2026.