Orogen Options Manhattan Gap to Stampede Metals

Vancouver, B.C. April 27, 2021 (TSX-V:OGN) Orogen Royalties Inc. (“Orogen” or the “Company”) is pleased to announce that it has signed an option agreement (the “Agreement”) with Stampede Metals Corp. (“Stampede”), a private Nevada company, whereby Stampede can acquire a 100% interest in the Manhattan Gap porphyry/polymetallic carbonate replacement project in eastern Nevada, USA.  To earn a 100% interest in Manhattan Gap, Stampede will make a cash payment of US$18,243, issue 7.5% of Stampede’s shares outstanding (approximately US$158,000 in value), incur up to 7,500 metres of drilling over a six-year period, and grant to Orogen a 1.5% net smelter return (“NSR”) royalty.

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