• RE Royalties

Re Royalties Private Placement - $10 Million Series 2 Green Bonds


All amounts in Canadian dollars unless otherwise stated


Re Royalties Announces Private Placement Of Up To $10 Million Of Series 2 Green Bonds


December 14, 2021, Vancouver, BC – RE Royalties Ltd. (TSX.V: RE) (“RE Royalties” or the “Company”), a global leader in renewable energy royalty-based financing, is pleased to announce a brokered “best efforts” private placement of green bonds (the “Green Bonds”), for gross proceeds of up to $10,000,000 (the “Offering”). The Green Bonds will be offered in the principal amounts of $1,000 or US$1,000. The Offering will be led by Canaccord Genuity Corp, as lead agent.


The Green Bonds will have a term of five (5) years and bear interest at a rate of 6% per annum, payable quarterly, and will be senior obligations of the Company secured against the Company’s portfolio of royalty and loan investments.


Net proceeds from the Offering will be utilized to finance or re-finance renewable and sustainable energy projects that will reduce or offset green house gas emissions and assist in mitigating the impact of climate change. The Company has prepared a Green Bond Framework that is aligned with the International Capital Market Association Green Bond Principles (2018), which framework is available on the Company’s website, here.


This Offering is RE Royalties second Green Bond financing, following the 2020 inaugural offering of $10.2 million. The second Green Bonds will be designated as Series 2, and issued under the existing Green Bond trust indenture dated August 10, 2020 and filed on SEDAR.


“Our second Green Bond offering marks a major milestone in the growth of our company and will benefit our investors, clients and the environment,” said Bernard Tan, Chief Executive Officer at RE Royalties. “Our team has been reviewing a number of prospective transactions and we expect that we will be able to deploy the capital from this Green Bond offering towards financing renewable and sustainable energy projects that will strengthen and build a more resilient future.”


This news release shall not constitute an offer to sell or the solicitation of an offer to buy the securities in any jurisdiction, nor shall there be any offer or sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. The securities being offered have not been approved or disapproved by any regulatory authority nor has any such authority passed upon the accuracy or adequacy of the short form base shelf prospectus or the prospectus supplement. The offer and sale of the securities has not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold in the United States or to United States persons absent registration or an applicable exemption from the registration requirements of the U.S. Securities Act and applicable state securities laws.


On Behalf of the Board of Directors,


Bernard Tan

CEO


About RE Royalties Ltd.


RE Royalties Ltd. acquires revenue-based royalties from renewable energy generation facilities by providing a non-dilutive financing solution to privately held and publicly traded renewable energy generation and development companies. RE Royalties is the first to apply this proven business model to the renewable energy sector. The Company currently owns 98 royalties on solar, wind, storage and hydro projects in Canada, Europe, and the United States. The Company’s business objectives are to provide shareholders with a strong growing yield, robust capital protection, high rate of growth through re-investment and a sustainable investment focus.


For further information, please contact:


Investor Contact:


Renmark Financial Communications Inc.

Daniel Gordon: dgordon@renmarkfinancial.com

Tel: (416) 644-2020 or (212) 812-7680

www.renmarkfinancial.com

Media Contact:

RE Royalties Talia Beckett: taliabeckett@reroyalties.com Tel: (778) 374‐2000 www.reroyalties.com


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


Forward Looking Statements


This news release includes forward-looking information and forward-looking statements (collectively, "forward-looking information") with respect to the Company and within the meaning of Canadian securities laws. Forward looking information is typically identified by words such as: believe, expect, anticipate, intend, estimate, postulate and similar expressions, or are those, which, by their nature, refer to future events. This information represents predictions and actual events or results may differ materially. Forward-looking information may relate to the Company’s future outlook and anticipated events or results and may include statements regarding the Company’s financial results, the closing of the Green Bond offering, future financial position, expected growth of cash flows, business strategy, budgets, projected costs, projected capital expenditures, taxes, plans, objectives, industry trends and growth opportunities including financing. The reader is referred to the Company’s most recent filings on SEDAR for a more complete discussion of all applicable risk factors and their potential effects, copies of which may be accessed through the Company’s profile page at www.sedar.com.

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