Trident Royalties Plc (AIM: TRR, FSX: 5KV), is pleased to announce that all pre-conditions to the Talga Gold Royalty Package Acquisition (as defined below) have now been satisfied and that completion will occur automatically on Admission of the Consideration Shares (as defined below).

On 28 August 2020, the Company announced that it had entered into a binding agreement to acquire a package of existing gold royalties (the “Royalty Package”) covering four projects located in the prospective Pilbara and Yilgarn regions of Western Australia, Australia. The Royalty Package was acquired for total consideration of A$800,000, of which A$250,000 was payable in cash (of which A$125,000 has been paid with A$125,000 due upon completion) and A$550,000 to be satisfied by the issue of 848,059 new ordinary shares of 1p each in Trident (“Consideration Shares”) at 35.98p per Ordinary Share.

The Royalty rate applicable to each royalty is:

• Talga Talga – 1.5% Net Smelter Royalty
• Warrawoona – 1.5% Net Smelter Royalty
• Mosquito Creek – 1.5% Net Smelter Royalty
• Bullfinch – 1.0% Net Smelter Royalty

Settlement and Dealings

Application has been made to the London Stock Exchange Plc for admission to trading on the AIM Market of the 848,059 Consideration Shares, which rank pari passu with the Company’s existing issued Ordinary Shares (“Admission”). Dealings on AIM are expected to commence at 8:00am on or around 31 March 2021 .

Total Voting Rights

For the purposes of the Financial Conduct Authority’s Disclosure Guidance and Transparency Rules (“DTRs”), following Admission, Trident will have 171,224,335 ordinary Shares of 1p each in the capital of the Company in issue with voting rights attached. Trident does not hold any shares in treasury. This figure of 171,224,335 may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in the Company, under the DTRs.

Adam Davidson, Chief Executive Office of Trident commented:

“We are delighted to be acquiring the gold royalty package from Talga. The package provides Trident with exposure to a portfolio of prospective tenements in a Tier 1 jurisdiction, many of which are being meaningfully advanced by credible and well-funded operators”