Canadian Royalties Inc.
TSX : CZZ

Canadian Royalties Inc.

November 14, 2005 12:23 ET

Former Minister of Mines Joins Canadian Royalties' Board of Directors

MONTREAL, QUEBEC--(CCNMatthews - Nov. 14, 2005) - Canadian Royalties Inc. (TSX:CZZ) announces that Mr. Raymond Savoie has joined the Board of Directors of the Company. Mr. Savoie held the office of Minister of Mines of Quebec from 1985 to 1990, and subsequently that of Minister of Revenue from 1990-1994. Mr. Savoie's experience and leadership will be of particular benefit as Canadian Royalties pursues its objective of transforming its Raglan South Nickel project into a stand-alone mining operation.

A Quebec city native and law graduate from the University of Laval, Mr. Savoie practiced as a notary in Quebec before his appointment as the Minister of Mines of Quebec. Upon retirement from public service, Mr. Savoie continued his involvement in the resource sector and today is a principal in two publicly traded resource companies, Gastem Inc. and Ditem Exploration Inc., whose activities include oil and gas, and diamond exploration.

Total indicated resources on Canadian Royalties' Raglan South Nickel project are now at 10,568,000 tonnes with a weighted average grade of 1.0% nickel, 1.2% copper, 0.04% cobalt, 0.2 g/t gold, 0.6 g/t platinum and 2.3 g/t palladium (3.0 g/t PGE) based on drilling completed to the end of the 2004 exploration season. Canadian Royalties has begun a preliminary economic analysis on the project, in preparation for permitting and pre-feasibility activities. As focus shifts towards the evaluation of a stand-alone mining operation in the close vicinity of Falconbridge's Raglan Mine, the addition of Mr. Savoie to the Board of Directors is considered a strong fit for the future of Canadian Royalties.

The Statements contained in this press release may contain statements that may involve a number of risks and uncertainties. Actual events or results could defer materially from the Company's expectations and projections.

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