TORONTO, ON, February 6, 2025 – Silver Crown Royalties Inc. (“Silver Crown,” “SCRi” or the “Company”) is pleased to announce the closing of the first tranche (“First Tranche”) of its previously announced royalty with PPX Mining Corp. (“PPX”) for up to 15% of the cash value of the silver produced under the Igor 4 project in Peru and the concurrent launch of a non-brokered private placement of units.

In connection with the closing of the First Tranche, SCRi paid PPX $1,000,000 in cash in exchange for a royalty of 6% of the cash value of the silver produced under the Igor 4 project in Peru (“Igor 4”). The second tranche of $1,470,000 in cash (the “Second Tranche”) is due within six months from the date of this document and will increase the royalty to 15%. Minimum payment obligations of the cash value of 14,062.5 ounces of silver per quarter will begin no later than October 1, 2025, and will continue until a total of 225,000 ounces of silver has been paid.

Silver Crown also announces the launch of a non-brokered private placement of up to 400,000 units of the Company (“Units”) at a price of CAD 7.50 per unit (the “Issue Price”) to raise gross proceeds of up to CAD 3,000,000 (the “Offering”). The Company reserves the right to increase the size of the Offering, subject to approval by the Cboe Canada Exchange (“Cboe”). Each unit consists of one common share of the Company (a “Common Share”) and one common share purchase warrant (“Warrant”). Each Warrant entitles the holder to acquire one (1) additional common share at an exercise price of CAD 16.00 for a period of three years from the closing date of the Offering (the “Expiry Date”).

The proceeds from the Offering will be used to fund the Second Tranche as well as cover SCRi’s general and administrative costs. All securities issued pursuant to the Offering will be subject to a statutory hold period of four months and one day from the date of issuance under applicable securities laws. The closing of the Offering is subject to customary conditions precedent, including prior approval from Cboe.

Peter Bures, Chief Executive Officer of Silver Crown, commented: “The closing of Tranche 1 of the PPX royalty is our third successful transaction since our IPO six months ago. We are expanding our presence in top jurisdictions and aim to achieve positive free cash flow by the end of this year. Therefore, our reliance on capital markets as an ongoing concern should be significantly reduced.”

Silver Crown also announces that due to winter conditions limiting operations at the Elk Gold Mine in Q4 2024, a written agreement has been made allowing Elk Gold Mining Corp. to pay the Q4 2024 minimum royalty payment of CAD$59,144.66 (plus accrued interest thereon), originally due January 30, 2025, in two equal installments on February 28, 2025, and March 31, 2025. It is also confirmed that the resumption of commercial production at the PGDM complex has not yet occurred and that the minimum royalty payment from Pilar de Goiás Desenvolvimento Mineral Ltda. for Q42024 has not yet been received.

ABOUT SILVER CROWN ROYALTIES INC.
Silver Crown Royalties Inc. (SCRi) is a publicly traded silver royalty company founded by industry veterans. SCRi currently has four silver royalties, three of which are revenue-generating. The business model provides investors with exposure to precious metals, offering a natural hedge against currency devaluations while minimizing the negative impacts of cost inflation associated with production. SCRi aims to minimize the economic impact on mining projects while maximizing returns for shareholders.
For further information, please contact:
Silver Crown Royalties Inc.
Peter Bures
Chairman and CEO
Phone: (416) 481-1744
Email: pbures@silvercrownroyalties.com

FORWARD-LOOKING STATEMENTS
This communication contains certain “forward-looking statements” and certain “forward-looking information” as defined under applicable Canadian and U.S. securities laws. Forward-looking statements and information can generally be identified by the use of forward-looking terminology such as “may”, “will”, “should”, “expect”, “intend”, “estimate”, “anticipate”, “believe”, “continue”, “plan” or similar terminology. The forward-looking information contained herein is provided to help readers understand management’s current expectations and plans for the future. Readers are cautioned that such information may not be appropriate for other purposes. Forward-looking statements and information include, but are not limited to, statements concerning SCRi’s ability to achieve its strategic objectives in the future, and its ability to consider additional operational silver production projects. Forward-looking statements and information are based on forecasts of future results, estimates of amounts not yet determinable and assumptions that, while considered reasonable by management, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual actions, events or results to differ materially from those expressed or implied in such forward-looking information, including but not limited to: the impact of general business and economic conditions; the lack of control over mining operations from which SCRi will purchase gold and other metals or receive royalties, and risks related to those mining operations, including risks related to international operations, government and environmental regulation, delays in mine construction and operation, actual results of mining and current exploration activities, conclusions of economic evaluations and changes in project parameters as plans continue to be refined; accidents, equipment breakdowns, title matters, labor disputes or other unanticipated difficulties or interruptions in operations; the ability of SCRi to conclude definitive agreements and complete planned royalty transactions; problems related to the ability to market gold and other metals; uncertainties associated with the valuations SCRi attributes to its royalty interests; industry conditions, including fluctuations in the price of primary commodities mined at such operations, fluctuations in foreign exchange rates and fluctuations in interest rates; government entities interpreting existing tax legislation or enacting new tax legislation in a way that adversely affects SCRi; stock market volatility; regulatory restrictions; liability, competition, the potential impact of epidemics, pandemics or other public health crises on SCRi’s business, operations and financial condition, loss of key employees. SCRi has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements. However, there may also be other factors that could cause results to differ from those expected, estimated, or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers are cautioned not to place undue reliance on forward-looking statements or information. SCRi is not obligated to update forward-looking information unless required by law. Such forward-looking information represents management’s best judgment based on information currently available.
This document does not constitute an offer to sell or a solicitation of an offer to buy securities of the company in Canada, the United States, or any other jurisdiction. Any such offer to sell or solicitation of an offer to buy the securities described herein will be made only pursuant to subscription materials between the company and prospective purchasers. Any such offering is being made in reliance upon exemptions from prospectus and registration requirements under applicable securities laws pursuant to a subscription agreement to be entered into by the company and prospective investors. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, the reader is cautioned against placing undue reliance on forward-looking statements.

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