Royalty North Announces Listing of Warrants

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Dec. 28, 2016) -

NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. WIRE SERVICES

Royalty North Partners Ltd. (TSX VENTURE:RNP) ("RNP" or the "Company") is pleased to announce that 29,453,370 common share purchase warrants of the Company (the "Warrants") are expected to commence trading on the TSX Venture Exchange at the opening of the markets on January 3, 2017 under the trading symbol "RNP.WT".

Each whole Warrant entitles its holder to purchase one common share of the Company at a price of $0.25 at any time prior to 4:30 p.m. (Vancouver time) on September 1, 2021. The Warrants are governed by the terms and conditions of a Warrant Indenture entered into between the Company and TSX Trust Company on November 24, 2016.

The Warrants were issued as replacements for the warrants issued to subscribers as part of a private placement by the Company of 63,576,745 units (the "Private Placement"). For more information on the Private Placement, please see the Company's news release dated September 1, 2016.

On behalf of the Company,
"Justin Currie"
Chief Executive Officer and Director

About Royalty North Partners Ltd.

Royalty North Partners is a Vancouver, BC based, TSX-V listed (RNP) company focused on creating a diversified portfolio of cash flowing royalties by providing financing to private businesses operating in the "mid-market". RNP is led by a seasoned board and management team with a successful track record of experience in royalty financing, capital markets transactions and private company operations. RNP is targeting royalty investments in companies with stable cash flow in non-resource based sectors looking for growth capital or succession liquidity.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This press release does not constitute an offer to purchase securities. The securities mentioned in this press release have not been and will not be registered under the United States Securities Act of 1933, as amended, or any state securities laws and may not be offered or sold in the United States or to, or for the benefit or account of, a U.S. person, except pursuant to an available exemption from such registration requirements.

Cautionary Note Regarding Forward-Looking Statements

Except for the statements of historical fact contained herein, the information presented constitutes "forward looking statements" within the meaning of certain securities laws, and is subject to important risks, uncertainties and assumptions. The words "may", "could", "should", "would", "suspect", "outlook", "believe", "anticipate", "estimate", "expect", "intend", "plan", "target" and similar words and expressions are used to identify forward-looking information. The forward-looking information in this news release describes the Company's expectations as of the date of this news release and accordingly, is subject to change after such date. Readers should not place undue importance on forward-looking information and should not rely upon this information as of any other date. While the Company may elect to, it does not undertake to update this information at any particular time.