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Royal Road Minerals

ROYAL ROAD MINERALS ANNOUNCES MANAGEMENT CHANGE

New mines for a new world

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ROYAL ROAD MINERALS ANNOUNCES MANAGEMENT CHANGE

August 18, 2020 – Toronto, Ontario: Royal Road Minerals Limited (TSXV:RYR) (“Royal Road” or the “Company”) is pleased to announce the appointment of Liz Wall to the role of Executive Director Sustainability. Liz has been a Director of Royal Road Minerals since May 2019.

Liz has more than twenty years of global experience assessing and addressing social and environmental risks and impacts associated with extractive sector investments in developing countries. Liz has a Bachelor of Engineering in Mining, a Masters of Science and a Masters of Philosophy (Oxford). Originally trained as a mining engineer, a Rhodes Scholarship allowed Liz to pursue further studies in poverty reduction and environmental management. She has worked in more than forty countries, commencing her career with Rio Tinto in both project and corporate roles, focusing on health, environment and community aspects, before moving to the International Finance Corporation (World Bank Group) as a social development and environmental specialist. Liz has established a successful consulting business (Shared Resources Pty Ltd), has held a number of board-appointed roles and is regularly in the position of advising major mining companies on significant investment decisions. Recognizing the evolving expectations of social and environmental performance, Liz retains close connections to fellow practitioners, delivers training courses on key topics, and authors books and papers on topics in this area.

“We are very pleased that Liz has agreed to an executive position at Royal Road ” said Tim Coughlin, Royal Road’s President and CEO “In her previous role as Director, Liz maintained crucial oversight of the Company’s policies relating to its sustainability commitments in both Colombia and Nicaragua. Now, as our projects advance to the resource stage and in anticipation of accelerated exploration activity throughout our extensive land package, we are excited to have Liz more involved in the management and direction of the Company’s social and environmental initiatives.”

For further information please contact:

Dr. Timothy Coughlin
President and Chief Executive Officer

USA-Canada toll free 1800 6389205
+44 (0)1534 887166
+44 (0)7797 742800
info@royalroadminerals.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.

Cautionary statement:

This news release may contain certain information that constitutes forward-looking statements. Forward-looking statements are frequently characterized by words such as “plan,” “expect,” “project,” “intend,” “believe,” “anticipate” and other similar words, or statements that certain events or conditions “may” or “will” occur and include statements regarding the use of proceeds from the private placement transactions. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. These factors include the inherent risks involved in financing transactions, exploration and development of mineral properties, the hiring and retention of directors and officers, the uncertainties involved in interpreting drilling results and other geological data, fluctuating metal prices, permitting and licensing and other factors described above and in the Company’s most recent annual information form under the heading “Risk Factors”, which has been filed electronically by means of the Canadian Securities Administrators’ website located at www.sedar.com. The Company disclaims any obligation to update or revise any forward-looking statements if circumstances or management’s estimates or opinions should change. The reader is cautioned not to place undue reliance on forward-looking statements.