Franco-Nevada Launches 2026 Asset Handbook and Sustainability Report

Press Release

May 6, 2026

Franco-Nevada Corporation (“Franco-Nevada” or the “Company”) (TSX:FNV) (NYSE:FNV) announces the publication of its 2026 Asset Handbook and 2026 Sustainability Report. “Our Asset Handbook provides detailed descriptions of all of our material assets. We believe it is an essential tool for investors and analysts to evaluate the true potential of our portfolio and to appreciate the extent of the exposure we have to the resource optionality of many of the world’s best mineral trends,” said Paul Brink, President & CEO. “Our Sustainability Report shows how sustainability considerations are embedded into our decision-making and portfolio oversight, outlines our programs and commitments, and provides a focused view of portfolio‑level performance, including key factors at our top producing assets and operators.”

Asset Handbook

The 2026 Asset Handbook provides an overview of the portfolio. It describes each of our material assets including their performance to date and outlook. It also provides the underlying Mineral Resources and Mineral Reserves associated with those assets.

Leading gold-focused royalty and streaming company:

⦁ Since our 2007 IPO we have achieved a compounded annual growth rate of 17% in total shareholder returns

⦁ Growth in annual GEOs of 3x and revenue of 12x since 2008

⦁ Nineteen consecutive years of dividend increases with approximately $2.8 billion paid

Largest and most diversified portfolio of cash-flow producing assets:

⦁ 121 cash-flow producing assets generated ~$1.66 billion in Adjusted EBITDA1 in 2025

⦁ Portfolio well diversified by asset, operator, geography and commodity, no more than 12% of revenue will come from any one asset for 2026

⦁ Long-life portfolio with M&I Royalty Ounce Mine Life2 of 34 years and a further 12-year Inferred Royalty Ounce Mine Life2 for our mining assets

Strong growth outlook:

⦁ Growth driven by recent acquisitions, mine expansions and new mine starts, with the added potential of a restart of Cobre Panama, long-term optionality with interests in a suite of large-scale development projects that would provide added gold, copper and nickel interest and exposure to the exploration success on approximately 72,000km2 on some of the world’s great mineral trends

⦁ No debt, $3.1 billion in available capital and a strong pipeline of opportunities

Sustainability Report

Our 2026 Sustainability Report outlines our accomplishments in 2025 and our commitments to further our sustainability-related leadership. Highlights of the report include:

1 Adjusted EBITDA is a non-GAAP financial measure with no standardized meaning under International Financial Reporting Standards (“IFRS Accounting Standards”) and might not be comparable to similar financial measures disclosed by other issuers. Further information relating to this non-GAAP financial measure is incorporated by reference from the “Non-GAAP Financial Measures” section of Franco-Nevada’s MD&A for the three months and year ended December 31, 2025 and filed on March 10, 2026 with the Canadian securities regulatory authorities on SEDAR+ available at www.sedarplus.com and with the U.S. Securities and Exchange Commission available on EDGAR at www.sec.gov.

1 As defined in the 2026 Asset Handbook

Responsible Capital Allocation:

⦁ Ongoing monitoring of sustainability performance across our major assets, with a focus on health and safety, tailings management, communities and Indigenous Peoples, water management and risk, carbon footprint, and biodiversity

Community and Industry Contributions:

⦁ Continued year-over-year growth in community contributions, made in partnership with operators across multiple jurisdictions and continued support for mining industry organizations and diversity initiatives

Good Governance and Shareholder Alignment:

⦁ Recognized for the first time as one of Corporate Knights’ 2026 Global 100 Most Sustainable Corporations and once again named as one of Corporate Knights’ Canada’s Best 50 Corporate Citizens for 2025 along with being ranked the number one mining company in The Globe and Mail’s 2025 Board Games

⦁ High level of Board and management share ownership

Diversity, Inclusion and Well-Being:

⦁ 44% diversity among Board members by reason of gender or ethnicity following the 2026 annual meeting

⦁ Continued expansion of the Franco-Nevada Mining Industry Scholarship program, supporting the development of a more diverse future workforce

Climate Action:

⦁ Second year of measuring progress against our corporate emissions reduction targets

⦁ Ongoing focus on emissions reduction initiatives across our global corporate operations, including the successful implementation of a solar panel project at our Barbados office

Transparency and Recognition:

⦁ Alignment of sustainability-related disclosure with leading reporting standards and frameworks, including SASB, GRI and continued transition to reporting in alignment with IFRS Sustainability Disclosure Standards

⦁ Recognition from rating agencies, including an improved “AAA” MSCI ESG rating, Global ESG Leader designation from Sustainalytics, and a “Prime” rating from ISS ESG

Corporate Summary

Franco-Nevada Corporation is the leading gold-focused royalty and streaming company with the largest and most diversified portfolio of cash-flow producing assets. Its business model provides investors with gold price and exploration optionality while limiting exposure to cost inflation. Franco-Nevada is debt-free and uses its free cash flow to expand its portfolio and pay dividends. It trades under the symbol FNV on both the Toronto and New York stock exchanges. Franco-Nevada is the gold investment that works.

For more information, please visit our website at www.franco-nevada.com or contact:

Candida Hayden

Senior Analyst, Investor Relations
416-306-6323

info@franco-nevada.com

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