All amounts in Canadian dollars unless otherwise stated

VANCOUVER, BC / ACCESSWIRE / April 19, 2024 / RE Royalties Ltd. (TSXV:RE)(OTCQX:RROYF) ("RE Royalties" or the "Company"), a global leader in renewable energy royalty-based financing is pleased to announce the publication of its 2024 Green Bond Framework (the "Framework"), assessed as Dark Green, and 2023 Green Bond Report (the "Report"), which highlights the Company's commitment to fostering a cleaner, greener future.

The Framework provides details on how the Company's Green Bond proceeds will be used to finance or re-finance investments in renewable energy, energy efficiency, energy management, and clean transportation. The Framework received an opinion from S&P Global Ratings ("S&P"), a leading provider of second party opinions on green financings, under the Shades of Green analytical approach, formerly part of CICERO Shades of Green. The shades indicate how consistent a financial investment is with a low-carbon climate resilient (LCCR) future. S&P assessed the Framework as "Dark Green," being the highest, or most consistent with an LCCR future. S&P concluded that the Framework is aligned with the Green Bond Principles issued by the International Market Association (ICMA) 2021.

A copy of the Company's Framework can be found on RE Royalties' website, and a copy of S&P's report can be found on S&P's website.

The Company also published its 2023 Green Bond Report, which outlines how proceeds from its Series 1, 2 and 3 Green Bonds were utilized, and invested in renewable energy and energy storage projects in Canada, the United States, Mexico, and Chile. The Report has also been reviewed by S&P Global Ratings, which found that the allocation of proceeds and reporting aligns with the Green Bond Framework.

The Report encompasses a listing of eligible investments, alongside the current allocation of funds to each eligible category. Additionally, it discloses amounts repaid from maturing eligible investments.

Key highlights of the Report include:

• As of December 31, 2023, net proceeds of $9.1 million from the Series 1 Green Bonds have been 100% allocated, net proceeds of $9 million from the Series 2 Green Bonds have been 100% allocated and net proceeds of $15.7 million have been 85% allocated (including signed amounts).
• Proceeds from the Series 1, 2 and 3 Green Bonds were made across 10 investments comprised of 56% energy storage, 40% solar and 4% wind.
• The projects funded are expected to generate positive environmental impacts, including annual clean energy generation of approximately 638,000 megawatt hours equivalent to powering 91,000 homes with clean electricity, and annual greenhouse gas reduction of 406,000 tonnes of carbon dioxide equivalent. This emission reduction is equivalent to removing approximately 97,000 vehicles from the road, or planting 6.7 million trees.

A copy of the Company's Report and a copy of S&P's opinion on the Report can be found on RE Royalties' website.

"We are pleased to publish and report on the work we have done since our inaugural Green Bond issuance. This updated Framework and corresponding Report is a culmination of all the hard work by our team and clients over several years, and the impact these investments have in providing clean energy and helping mitigate some of the impacts of climate change. We thank our shareholders and bondholders for their continued support of this important work and will continue to build upon the investments we have made" said Bernard Tan, CEO of RE Royalties.

RE Royalties Investor Appreciation Day: Thursday, May 2, 2024

RE Royalties will host an Investor Appreciation Day on Thursday, May 2, 2024, in Vancouver, B.C., Canada at the Terminal City Club. Shareholders and bondholders are welcomed to attend the event. The event will feature a presentation from Bernard Tan, the company's CEO, and will be hosted by members of the RE Royalties team.

The event will open at 4:30 p.m. PST, and the presentation will begin at approximately 5:00 p.m. PST.

In-person attendance will be managed by invitation only. To secure your attendance at the RE Royalties Investor Appreciation Day, kindly register in advance.

About RE Royalties Ltd.

RE Royalties Ltd. acquires revenue-based royalties over renewable energy facilities and technologies by providing non-dilutive financing solutions to privately held and publicly traded companies in the renewable energy sector. RE Royalties is the first to apply this proven business model to the renewable energy sector. The Company currently owns over 100 royalties on solar, wind, hydro, battery storage, and renewable natural gas projects in Canada, the United States, Mexico, and Chile. The Company's business objectives are to provide shareholders with a strong growing yield, robust capital protection, high rate of growth through re-investment and a sustainable investment focus.

For further information, please contact:

Investor and Media Contact:

Melanee Henderson, Investor Relations
T: (778) 373-6731 TF 800-667-2114
E: melaneehenderson@reroyalties.com

Talia Beckett, Vice President of Communications
T: (778) 374‐2000
E: taliabeckett@reroyalties.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange), nor any other regulatory body or securities exchange platform, accepts responsibility for the adequacy or accuracy of this release.

This news release shall not constitute an offer to sell or the solicitation of an offer to buy the securities in any jurisdiction, nor shall there be any offer or sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. The securities being offered have not been approved or disapproved by any regulatory authority nor has any such authority passed upon the accuracy or adequacy of the short form base shelf prospectus or the prospectus supplement. The offer and sale of the securities has not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold in the United States or to United States persons absent registration or an applicable exemption from the registration requirements of the U.S. Securities Act and applicable state securities laws.

Forward Looking Statements

This news release includes forward-looking information and forward-looking statements (collectively, "forward-looking information") with respect to the Company and within the meaning of Canadian securities laws. Forward looking information is typically identified by words such as: believe, expect, anticipate, intend, estimate, postulate and similar expressions, or are those, which, by their nature, refer to future events. This information represents predictions and actual events or results may differ materially. Forward-looking information may relate to the Company's future outlook and anticipated events or results and may include statements regarding the Company's financial results, future financial position, expected growth of cash flows, business strategy, budgets, projected costs, projected capital expenditures, taxes, plans, objectives, industry trends and growth opportunities including financing. The reader is referred to the Company's most recent filings on SEDAR as well as other information filed with the OTC Markets for a more complete discussion of all applicable risk factors and their potential effects, copies of which may be accessed through the Company's profile page at www.sedar.com.

SOURCE: RE Royalties Ltd.