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Abitibi Royalties Inc. Announces Annual General Meeting Results

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Val-d'Or, Québec--(Newsfile Corp. - June 25, 2021) - Abitibi Royalties Inc. (TSXV: RZZ) ("Abitibi Royalties" or the "Company") announces the results of its annual general meeting of its shareholders held in Val-d'Or, Québec, on June 25, 2021.

At the meeting, shareholders re-elected six incumbent directors, being Ian J. Ball, Louis Doyle, Frank Mariage, Glenn J. Mullan, Andrew T. Pepper and Dr. C. Jens Zinke. Shareholders also appointed MNP LLP as the Company's auditor.

Following the shareholder meeting, the Board reconstituted its Audit Committee and its Compensation and Corporate Governance Committee. The Board also reappointed officers for the ensuing year as follows:

Executive Chairman:

Glenn J. Mullan

President & Chief Executive Officer:

Ian J. Ball

Chief Financial Officer & Corporate Secretary:

Rico De Vega

About Abitibi Royalties Inc.

Abitibi Royalties owns various royalties at the Canadian Malartic Mine near Val-d'Or Québec. In addition, the Company is building a portfolio of royalties on early-stage properties near producing mines and generating mineral projects for sale or option. The Company is unique among its peers due to its strong treasury, no debt, monthly dividend, share buyback program and limited number of shares.

For additional information, please contact:

Shanda Kilborn - Director, Corporate Development
2864 chemin Sullivan
Val-d'Or, Québec J9P 0B9
Tel.: 1-888-392-3857
Email: info@abitibiroyalties.com

Forward Looking Statements:

This news release contains certain statements that may be deemed "forward-looking statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or realities may differ materially from those in forward looking statements. Forward looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. Except as required by law, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/88691

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