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• Over 35 mineral royalties• Flagship royalty at Banyan Gold’s AurMac project• Multiple commodities• Operating in North America• An Eagle Plains spin-out Q2 2023

This presentation includes certain “forward-looking statements’ within the meaning of section 21E of the United States Securities Exchange Act of 1934, as amended. Forward-looking statements include without limitation, statements regarding future production, potential mineralization and reserves, exploration results and future plans and objectives of Eagle Royalties Ltd (Eagle Royalties). Forward-looking statements can generally be identified by the use of forward-looking terminology such as “may,” will,” “expect,” “intend,” “estimate,” “anticipate,” “believe,” or “continue” or the negative thereof or variations thereon or similar terminology. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from expectations are disclosed under the heading “Risk Factors” in Eagle Plains Resources 2022 Annual Report and under the heading “Trends, Risks, and Uncertainties” in the Eagle Plains 2022 Annual Information Form (AIF) which is filed with Canadian regulators on SEDAR (www.sedar.com).

The corporate objective of Eagle Royalties is to:• Maximize the value of the royalty assets• Add value through royalty acquisition and continuing exploration • Package royalties for M&A

• NG spins-out• TMQ at 1:6• Spun-out June 2006 1:1 ratio EPL:CPY• 2011 merger with NG 13:1 ratio CPY:NG• $65M hostile turned friendly deal• OMM spun-out same time 4:1 ratio CPY:OMM• Spun-out 2011• 3:1 ratio EPL:YJK• $4M market cap• Spun-out April 2018• 2:1 ratio EPL:TGC• $6.5M initial market cap• 2022 merger with SSR Mining• $31M friendly deal• Spun-out May 2023• 3:1 ratio EPL:ER?

• Over 35 royalties• Multiple commodities• Well-financed and debt-free• Adding value through royalty acquisition• Low burn rate of ~$42.5K/month• Flagship royalty at Banyan Gold’s AurMac project• Built for acquisition - as with previous EPL spin-outs

Sept 2024Directors/Insiders/Long-termNet Cash• 6M Eagle Plains• 3.7M Termuende Family• 15M at avg cost $0.20• 36M EPL ShareholdersFully DilutedShared Issues

• Tim Termuende P.Geo – President & CEO• Charles Downie P.Geo – Vice President• Jesse Campbell B.SC. – Director• Paul Reynolds B.Sc., P.Geo - Director• 3 seasoned geologists with over 100 years combined experience• Successful track-record with previousspin-outs and associated M&A activity• Well-established industry network

Over 35 Royalties Western Canada& Nevada• Copper• Gold• Nickel• Zinc• Molybdenum• REE’s• Lithium• Silver• PGE’s• Diamonds• Graphite

• Overlays a portion of Banyan Gold’s AurMac discovery of 7M oz gold• 2%, 1% and 0.5% NSR• No buydown option• Drilling continues to extend the areas of known gold mineralization

AurMac/McQuesten Royalty Explanation Video

Updated AurMacInferred Resource Boundary(Feb 6, 2024)

AurMac MetallurgicalTesting(Feb 6, 2024)

SaskatchewanAthabasca BasinRoyalties• Axis Lake - Ni, Co, Cu• Dianne Lake - Cu, Ag• George Lake - Zn, Pb, Ag• Pine Channel - Au* June 2024, Eagle Royaltiessells 12 uranium royalties inthe Athabasca Basin areafor $3.75M

• 2.63MT grading 3.67% Zn, .53% Pb(historical, non-43-101) • Open along strike, down-dip• Only tested to shallow depthsNotable drill-holes: • 57.9m @ 3.4% Zn (inc 9.1M @7.1% Zn)• 47.75m @ 4.5% Zn (inc 8.0m @ 6.96% Zn)

SaskatchewanCentral/EastRoyalties• Albert Lake - Ni, Cu, Co, Au, Pd, Pt• BC Mas - Au• Brownell Lake - Cu, Zn, Au• Cathro - Au• Hanson North – Cu, Li• Knife Lake - Cu, Ag, Zn, Au, Co• Manson Bay South - Au• North/Preview Lake - Au• Puzzle Lake - Au• Schotts Lake - Cu, Zn

• 1.25MT @0.56% Cu, 1.75% Zn(historical, non-43-101) • Open along strike& down dip

• 2MT @.61% Cu, 1.35% Zn(historical, non-43-101) • 600m strike-open to depth

British ColumbiaSouthRoyalties• Acacia - Au, Ag, Pb, Zn, Cu• Adamant - REE, Nb, Mo, Ag, Ta• Beavan - Au, Ag, Cu, Mo• Black Diamond - Ag, Pb, Zn, Au, Cu • Coyote Creek - Gp• Hot Punch - Au, Ag, Pb, Zn• Ice River - REE, Nb, Pb, Zn, Au • Jake - Au• K9 - Ag, Pb, Zn, Cu, Co• Lost Horse - Au, Cu• Slocan Graphite - C• Wildhorse - Au, Cu

British ColumbiaNorthRoyalties• Black Water Regional - Au, Ag• Eskay Creek - Au• Elsiar - Cu, Au• Haskins - Cu, Mo• Hunter Basin - Au• Mount Graves – Cu, Au, Ag • Mount Polley West – Cu, Au

• Near Skeena Resources’ Eskay Creek Gold Project• 2022 drilling intersects apparent down- dip extension of Eskay Creek deposit• Northern block located on strike 1km NE of drilling that encountered 32.19m @ 3.79 g/t Au and 59.4 g/t Ag• Significant exploration potential identified to the north and west of the defined resources

• Adjacent Imperial Metals’ Mount Polley mine• Indications of intrusive rocks present • Prospective geology and geophysical signature• Excellent access and infrastructure• Significant quantity of gold grains in till samples from an unidentified source

Royalty Company ComparisonBy Market CapitalizationRoyalty Co. Comparison by Market Capitalization

Royalty Company Merger &Acquisition Activity2021 - 2023• Sandstorm acquires Nomad – (~US$590M)• Gold Royalty acquires Ely – (~C$84M)• Elemental/Altus Merge – (~C$73M)• Triple Flag acquires Maverix – (~US$676M)• Sandstorm acquires BaseCore – (~US$487M)• Royal Gold acquires Great Bear Royalties – (C$200M)• Gold Royalty acquires Abitibi & Golden Valley – (~US$42M & US$42M)• Metalla acquires Nova – (~C$190M)

• Visit www.eagleroyalties.com• View Eagle Royalties news releases• View the royalty assets

For more information please visit: www.eagleroyalties.comCorporate Development: Mike Labachinfo@eagleroyaltries.com TF: 1-866-HUNT-ORE (486-8673) Local: 250-426-0749Cranbrook, BC, Canada