Orogen Royalties Inc. (TSXV:OGN) acquired TCS project from Syndicate of prospectors for CAD 0.03 million on June 26, 2024. A cash consideration of CAD 0.03 million and and exploration expenditures of CAD 0.125 million will be paid by Orogen Royalties Inc. After the third anniversary of the acquisition of the TCS project, Orogen Royalties Inc. will pay the Syndicate CAD 0.02 million per annum, until the completion of 15,000 metres of drilling. If at any time the Orogen Royalties Inc. enters into a future agreement to option or sell the TCS project to which any payment (a ?Future Payment?) is received, the Syndicate will be entitled to receive 20% of the Future Payment. In the event a Future Payment involves a royalty interest on the TCS project, Orogen Royalties Inc. will be able to purchase half of the Syndicate?s royalty for CAD 0.2 million for each 0.1%.

Orogen Royalties Inc. (TSXV:OGN) completed the acquisition of TCS project from Syndicate of prospectors on June 26, 2024.