Gold Royalties Corporation

Gold Royalties Corporation

November 01, 2011 09:00 ET

Gold Royalties Corporation Acquires Blende Royalty

CALGARY, ALBERTA--(Marketwire - Nov. 1, 2011) - Gold Royalties Corporation (the "Company") is pleased to announce that it has acquired a 2% NSR royalty on the Blende Silver-Zinc-Lead project located in Yukon, Canada. The royalty was purchased from Eagle Plains Resources Ltd., effective October 31, 2011, for cash consideration.

"We believe that Blende's future benefits from both the increase in regional mining activity and the recent step-change in silver prices. As a potentially large silver and base metals project in a secure jurisdiction, we are excited to participate in Blende as a royalty holder with the carried benefit of future work by the operator," commented Ryan Kalt, Chief Executive Officer of the Company.

Blende is a carbonate-hosted deposit located approximately 65 km NE of Keno in central Yukon Territory.

About Gold Royalties Corporation

Based in Calgary, Alberta, Gold Royalties Corporation is a privately-held royalty company that acquires and manages metals royalties with focus on net smelter returns and metal streams. For more information, please visit www.GoldRoyalties.ca.

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