About Golden Valley Mines And Royalties

Golden Valley Mines and Royalties Ltd. and its subsidiaries specialize in identifying, acquiring, and developing exploration and evaluation of mineral properties in Canada, as well as acquiring royalties. The company is a subsidiary of Gold Royalty Corp. The company has various subsidiaries, such as Abitibi Royalties Inc. (Abitibi Royalties) and Calone Mining Ltd (Calone Mining). The company’s investments in associates include International Prospect Ventures Ltd. (International Prospect) and Val-d'Or Mining Corporation (Val-d'Or Mining), which are involved in the process of exploring, evaluating, and promoting its mineral properties and other projects. Properties Mining Option Agreement with Val-d’Or Mining In 2017, the company granted to Val-d’Or Mining an option to acquire a 100% interest in 61 of its grassroots properties. Lac Barry Prospect - BonTerra Resources Inc. – Level-sur-Quevillon, Québec In 2016, the company granted an option to BonTerra Resources Inc. (BonTerra) on the Lac Barry Prospect located in the Abitibi Greenstone Belt, northeast of Val-d'Or, Québec. The company is to enter into a joint venture agreement with BonTerra. Centremaque Prospect – Alexandria Minerals Corporation - Val-d'Or Québec In 2017, the company entered into a mining option agreement with Alexandria Minerals Corporation (Alexandria) on the Centremaque Prospect located in the AGB (Abitibi Greenstone Belt), northeast of Val-d'Or, Québec. Sharks and Cheechoo Joint Venture - Sirios Resources Ltd. - - James Bay Northern Quebec In 2013, the company granted Sirios Resources Ltd. (Sirios) an option to acquire its remaining 55% interest in the Cheechoo prospect. Sirios completed all its obligations under the agreement to earn a 100% interest in the Cheechoo prospect and therefore holds 100% of the Cheechoo prospect. AGB Properties – Eldorado Gold Corporation – Québec and Ontario In 2008, the company earned a 70% interest in the group of 9 properties (8 gold and 1 copper-zinc-silver) located in the AGB (Québec and Ontario) and a 70:30 joint venture (the ‘GZZ-I JV’) was formed between the company and Eldorado Gold Corporation (Eldorado), with the latter having acquired its interest through the acquisition of Integra Gold Corporation. The company is the operator for the joint venture. In 2020, the company and Eldorado entered into an agreement with Epica Gold Inc (Epica) in respect to the sale of the Denovo property. Abitibi Royalties’ Properties Bullfrog South Project In September 2020, Abitibi Royalties staked the Bullfrog South Project, located in Nevada’s Bullfrog Gold District. In December 2020, Abitibi Royalties entered into a mining option agreement with Bullfrog Mines LLC (Bullfrog) on the Bullfrog South property. Bathurst Property In November 2020, Abitibi Royalties entered into an agreement with two arm’s length parties to acquire the Bathurst property, a property consisting of 7 claims located in Ontario. In February 2021, Abitibi Royalties signed an option agreement with Xplore Resources Corp. (Xplore) on the property. Hees Property In December 2020, Abitibi Royalties entered into an agreement with two arm’s length parties to acquire the Hees property, a property consisting of 30 claims located in Ontario. In June 2020, Abitibi Royalties entered into an agreement with two arm’s length parties to acquire the Hammond Reef property, a property consisting of 49 claims located in Ontario. In July 2020, Abitibi Royalties entered into a mining option agreement with Victory Resources Corporation (Victory) on the Hammond Reef South property. History The company was founded in 2000. It was incorporated in 2000 under the Canada Business Corporations Act. The company was formerly known as Golden Valley Mines Ltd. and changed its name to Golden Valley Mines and Royalties Ltd. in July 2021.