BRIEF

on Star Royalties Ltd. (isin : CA8551691089)

Star Royalties Outlines Sabre Gold's Acquisition by Minera Alamos

Star Royalties Ltd. has announced Sabre Gold Mines Corp.'s definitive agreement to be acquired by Minera Alamos Inc. This agreement is anticipated to close by January 2025. Through this transaction, Star Royalties maintains a 4% gold streaming agreement on the Copperstone Gold Mine. Minera Alamos is expected to prioritize Copperstone's development, leveraging its expertise in mine construction and management.

Copperstone's production is anticipated to be fast-tracked, with Minera Alamos already engaging in engineering initiatives. The transaction further proposes a significant increase in equity value, as Star Royalties' shares in Sabre Gold will convert to shares in Minera Alamos, offering a premium to current valuations.

This move diversifies Star Royalties' equity exposure, transitioning from a single-asset developer to a more varied portfolio with Minera Alamos. Additionally, contingent payments will convert to equity, enhancing Star Royalties' investment profile.

R. P.

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