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Royal Road Minerals

ROYAL ROAD MINERALS RECEIVES ENVIRONMENTAL AND SOCIAL MANAGEMENT AWARD FROM COLOMBIAN MINISTRY OF MINES AND ENERGY AND NATIONAL MINING AGENCY

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ROYAL ROAD MINERALS RECEIVES ENVIRONMENTAL AND SOCIAL MANAGEMENT AWARD FROM COLOMBIAN MINISTRY OF MINES AND ENERGY AND NATIONAL MINING AGENCY

ROYAL ROAD MINERALS RECEIVES ENVIRONMENTAL AND SOCIAL MANAGEMENT AWARD FROM COLOMBIAN MINISTRY OF MINES AND ENERGY AND NATIONAL MINING AGENCY

December 15, 2021 – Toronto, Ontario: Royal Road Minerals Limited (TSXV:RYR) (“Royal Road” or the “Company”) is pleased to announce that it has received an award for its Royal Road Accelerator initiative and its contribution in respect of the 11th United Nations Sustainable Development Goal - Sustainable Cities and Communities.

The Company received the award from the Colombian Ministry of Mines and Energy, the National Hydrocarbons Agency and the National Mining Agency at the Significant Experiences in Environmental and Social Management of the Mining and Energy Sector event, which was held in Bogota on the 14th of December.

The award recognizes innovative initiatives dedicated to sustainable development and in strengthening relations between communities, companies and government. The award was one of five, within the categories of gender equality, affordable and clean energy, reduced inequalities, sustainable cities and communities, and human rights.

Royal Road also received the Environmental, Social and Governance (ESG) Exploration and Developer Award at the Mines and Money event which took place in London last week (see Press Release December 6, 2021) and the Economic Development Award at the Colombia Gold Symposium which was held in Medellin in November.

“We understand that the efforts we make today to improve people’s quality of lives and preserve the environment will be the foundation for a sustainable future. This is the third recognition we have received for our environmental and social initiatives in the last four weeks which indicates that we are on the right path” said Raul Farfan, Royal Road’s Executive Director Sustainability. “Mining plays a paramount role in achieving the United Nations Sustainable Development Goals and in global decarbonization. This role is poorly recognized, in order to redress this, our industry needs to embrace the very highest standards in ESG performance and to communicate regularly and effectively”

Cautionary statement:

This news release contains certain statements that constitute forward-looking information and forward-looking statements within the meaning of applicable securities laws (collectively, “forward-looking statements”) describing the Company’s future plans and the expectations of its management that a stated result or condition will occur. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company, or developments in the Company’s business or in the mineral resources industry, to differ materially from the anticipated results, performance, achievements or developments expressed or implied by such forward-looking statements. Forward-looking statements include all disclosure regarding possible events, conditions or results of operations that is based on assumptions about, among other things, future economic conditions and courses of action, and assumptions related to government approvals, and anticipated costs and expenditures. The words “plans”, “prospective”, “expect”, “intend”, “intends to” and similar expressions identify forward looking statements, which may also include, without limitation, any statement relating to future events, conditions or circumstances. Forward-looking statements of the Company contained in this news release, which may prove to be incorrect, include, but are not limited to the Company’s exploration plans.

The Company cautions you not to place undue reliance upon any such forward-looking statements, which speak only as of the date they are made. There is no guarantee that the anticipated benefits of the Company’s business plans or operations will be achieved. The risks and uncertainties that may affect forward-looking statements include, among others: economic market conditions, anticipated costs and expenditures, government approvals, and other risks detailed from time to time in the Company’s filings with Canadian provincial securities regulators or other applicable regulatory authorities. Forward-looking statements included herein are based on the current plans, estimates, projections, beliefs and opinions of the Company management and the Company does not undertake any obligation to update forward-looking statements should assumptions related to these plans, estimates, projections, beliefs and opinions change.

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