Orogen receives first royalty payment from the Ermitaño deposit

VANCOUVER, B.C. February 16 2022 (TSX.V:OGN) (OTCQX:OGNRF) Orogen Royalties Inc. (“Orogen” or the
“Company”) is pleased to announce that it has received its first quarterly royalty payment of approximately US$480,000 from initial production at the Ermitaño deposit in Sonora, Mexico. Orogen organically generated a 2% net smelter return (“NSR”) royalty on the sale of the Ermitaño project to First Majestic Silver Corp. (“First Majestic”).

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