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Nations Royalty Appoints Derrick Pattenden as Chief Investment Officer

Press Release

May 23, 2024, Vancouver, BC and Gitlaxt’aamiks: Nations Royalty Corp. (“Nations” or the “Company”) is pleased to announce the appointment of Derrick Pattenden, CFA as Chief Investment Officer (“CIO”) for the Company effective immediately. He is replacing Ryan Weymark, P.Eng., who has served as founder and Interim CIO for the Company. Mr. Weymark will continue as a strategic advisor and consultant to the Company for the foreseeable future.

Derrick Pattenden is an accomplished investment banker with 15 years of extensive experience in the mining industry, specializing in finance, mergers and acquisitions. Throughout his career he has completed M&A transactions with a combined equity value of over C$20 billion. He has direct experience with transactions involving the creation of new mining royalties and royalty companies, as well as the restructuring of existing metal streaming agreements.

His investment banking career began in Vancouver with Genuity Capital Markets. Prior to joining Nations, Mr. Pattenden was Director, Investment Banking, at Canaccord Genuity where he worked with TSX and TSX Venture listed companies and focused exclusively on the mineral exploration and mining industry. He has a Bachelor of Applied Science in Mining Engineering from the University of British Columbia and holds a Chartered Financial Analyst (CFA) designation.

Mr. Pattenden is a proud band member of the Mohawks of the Bay of Quinte. He has fond memories visiting his grandparents where he spent his summers fishing on the Tyendinaga Mohawk Territory reserve. As a youth, he was an accomplished athlete involved in both boxing and ice hockey.

Robert McLeod, Interim CEO of Nations stated: “I am excited to welcome Mr. Pattenden to the Nations’ team, whose primary focus will be on assessing acquisition opportunities to support the rapid growth of our royalty portfolio. Mr. Pattenden, a citizen of the Mohawk Nation, brings a wealth of experience through his mining engineering education and investment banking experience with one of Canada’s leading institutions. A pillar of Nations’ mission includes Indigenous representation in leadership roles throughout the Company – we are grateful to have attracted someone of Derrick’s calibre to join our executive team.”

About Nations Royalty Corp.

The Company’s vision is to unite First Nations and Indigenous groups across Canada, welcoming external investors to join the Company as shareholders. Together, they will combine royalties, income and commodity streams and annual benefit payment entitlements from mining projects, tapping into the growth, diversification and value potential typical of publicly traded royalty companies. As a leader in the spirit of economic reconciliation, Nations’ mission includes capacity building of Indigenous People in public companies and capital markets.

Nations’ foundation begins with the royalties that the Nisga’a Nation has in place in respect of the following properties in Canada:

  • The high-grade Brucejack gold mine operated by Pretium Resources Inc., a wholly-owned indirect subsidiary of Newmont Corporation, a large underground gold mine;
  • The KSM Copper-Gold-Silver-Molybdenum deposit, currently in development by Seabridge Gold Inc.;
  • The Premier Gold Project, currently being commissioned by Ascot Resources Ltd. with first gold pour in April 2024, and the Red Mountain Gold Deposit; and
  • The Kitsault Molybdenum Deposit, a large, fully permitted brownfield site owned and being actively advanced by New Moly LLC, majority-owned by Resource Capital Fund VI L.P.

On behalf of the Board of Directors of Nations Royalty Corp.

“Robert McLeod”

Interim Chief Executive Officer

For further information, please contact:

Nations Royalty Corp.

Rob McLeod, Interim CEO

Tel: +1 (604) 617-0616

IBF6

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