Royal Road Acquires 90% of Caza Gold and Announces Expiry of Offer and Extension Period for Deposits

March 15, 2017 – Toronto, Ontario: Royal Road Minerals Limited (TSXV:RYR) (“Royal Road Minerals” or the “Company”) and Caza Gold Corp. (“Caza”) announce that Royal Road Minerals has taken up a total of 137,822,549 common shares of Caza deposited under its offer (the “Offer”) dated January 20, 2017 made to Caza shareholders, representing over 90% of Caza’s issued and outstanding common shares. The Offer, which initially expired on February 27, 2017 and was subsequently extended until 11:59 p.m. (Pacific Time) on March 13, 2017, has now expired and will not be further extended.

Royal Road Minerals intends to acquire all of the remaining Caza common shares not deposited under the Offer pursuant to the compulsory acquisition provisions in Section 300 of the Business Corporations Act (British Columbia). Royal Road Minerals expects to mail a notice of compulsory acquisition to all remaining holders of Common Shares shortly. Royal Road Minerals further intends to cause the Caza common shares to be de-listed from the TSX Venture Exchange.

Other Information 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 on Forward-looking Information 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 Option Agreement. 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 the hiring and retention of directors and officers, exploration and development of mineral properties, mine site planning and development, 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.

For further information please contact: Royal Road Minerals contact: Dr. Tim Coughlin, President and Chief Executive Officer, by phone: USA-Canada toll-free (800) 638-9205, +44 (0)1534 887166, or +44 (0)7797 742800, or by email at info@royalroadminerals.com