Vancouver, British Columbia – March 14, 2022 – Gold Royalty Corp. (NYSE American: GROY) ("Gold Royalty" or the "Company") today issued a reminder to investors of its previously announced inaugural quarterly cash dividend of US$0.01 per common share. The dividend will be paid on March 31, 2022 to shareholders of record as of the close of business on March 15, 2022.

David Garofalo, Chairman and CEO of Gold Royalty commented: “Since announcing our inaugural dividend earlier this year, we have continued to execute on our business plan of building a portfolio of high-quality precious metals royalty assets. Our recent royalty acquisition on the Côté Gold Project expanded our portfolio to include 28 producing and developing royalties concentrated in tier one jurisdictions. Together with our royalty on a portion of Canadian Malartic’s Odyssey Project, we now hold interests on what is expected to be two of Canada’s largest and longest-life gold mines as part of a portfolio that is positioned to generate reliable long-term revenue to support growth in future dividends.”

The dividend qualifies as an "eligible" dividend as defined in the Income Tax Act (Canada). The dividend is subject to customary Canadian withholding tax for shareholders that are not resident in Canada.

The dividend program contemplates quarterly dividends, the declaration, timing, amount and payment of which will be subject to the discretion and approval of the board of directors of the Company based on relevant factors, including, among others, the Company’s financial condition and capital allocation plans.

About Gold Royalty Corp.

Gold Royalty Corp. is a gold-focused royalty company offering creative financing solutions to the metals and mining industry. Its mission is to acquire royalties, streams and similar interests at varying stages of the mine life cycle to build a balanced portfolio offering near, medium and longer-term attractive returns for its investors. Gold Royalty's diversified portfolio currently consists primarily of net smelter return royalties on gold properties located in the Americas.