July 28, 2022 – Vancouver, BC: Elemental Royalties Corp. (“Elemental” or “the Company”) (TSX-V: ELE,
OTCQX: ELEMF) is pleased to announce that it has received first gold deliveries under the gold purchase
and sale agreement (the “Ming Gold Stream”) with Rambler Metals and Mining Canada Limited, a wholly
owned subsidiary of Rambler Metals and Mining PLC (“Rambler”) (AIM: RMM), the owner of the Ming
Copper-Gold Mine (the “Ming Mine”) in Newfoundland and Labrador in Canada.