August 21, 2023 – Vancouver, BC: Elemental Altus Royalties Corp. (“Elemental Altus” or “the Company”) (TSX-V: ELE, OTCQX: ELEMF) announces its operating and financial results for the quarter ended June 30, 2023. For complete details please refer to the Financial Statements and associated Management Discussion and Analysis (“MD&A”) for the three and six months ended June 30, 2023, which can be found on the SEDAR+ website (http://www.sedarplus.ca) or the Company’s website (www.elementalaltus.com).

Second Quarter 2023 Financial Highlights:

Record revenue of $2.6 million, up 25% compared to Q2 2022
Record adjusted revenue of $4.7 million, inclusive of Caserones royalty revenue, up 127% compared to Q2 2022
Record Gold Equivalent Ounces (“GEOs”) of 2,377 ounces, up 109% compared to Q2 2022
Record adjusted EBITDA of $3.3 million, up 184% compared to Q2 2022
Royalty Portfolio Highlights and Key Developments:

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