Base Metals

TSXV: NOVR
OTCQB: NOVRF

Nova Royalty Corp. (" Nova " or the " Company ") (TSXV: NOVR) (OTCQB: NOVRF) has reported its financial results for the first quarter ended March 31, 2021 . Nova's auditor reviewed interim financial statements  and management's discussion and analysis for the three months ended March 31, 2021 are available on Nova's website at www.novaroyalty.com and on SEDAR at www.sedar.com .

Nova Royalty Corp. Logo (CNW Group/Nova Royalty Corp.)

Alex Tsukernik , President and CEO of Nova, commented "Nova is growing into a unique investment option for the global energy transition. We completed several major acquisitions in the first quarter of this year with royalties on Taca Taca and Vizcachitas, and look forward to the rest of 2021".

ABOUT NOVA

Nova is a royalty company focused on providing investors with exposure to the key building blocks of clean energy – copper and nickel. The Company is headquartered in Vancouver, British Columbia and is listed on the TSX Venture Exchange under the trading symbol "NOVR" and on the OTCQB market in the United States under the trading symbol "NOVRF".

ON BEHALF OF Nova Royalty CORP.,

(signed) "Alex Tsukernik"

President and Chief Executive Officer
Phone: (604) 696-4241
Email: info@novaroyalty.com

Website: www.novaroyalty.com

Neither the TSX Venture Exchange nor its Regulation Service 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 Note Regarding Forward-Looking Statements

This press release contains "forward-looking information" and "forward-looking statements" within the ‎meaning of applicable securities legislation. The forward-looking statements herein are made as of the date ‎of this press release only, and the Company does not assume any obligation to update or revise them to ‎reflect new information, estimates or opinions, future events or results or otherwise, except as required by ‎applicable law. Often, but not always, forward-looking statements can be identified by the use of words ‎such as "plans", "expects", "is expected", "budgets", "scheduled", "estimates", "forecasts", "predicts", ‎‎"projects", "intends", "targets", "aims", "anticipates" or "believes" or variations (including negative ‎variations)  of such words and phrases or may be identified by statements to the effect that certain actions ‎‎"may", "could", "should", "would", "might" or "will" be taken, occur or be achieved. Forward-looking ‎information in this press release includes, but is not limited to, statements relating to plans of the property owners to advance their properties on which Nova has royalties. Forward-looking ‎statements and information are subject to various known and unknown risks and uncertainties, many of ‎which are beyond the ability of Nova to control or predict, that may cause Nova's actual results, ‎performance or achievements to be materially different from those expressed or implied thereby, and are ‎developed based on assumptions about such risks, uncertainties and other factors set out herein, including, ‎but not limited to, the risk factors set out under the heading "Risk Factors" in the Company's final non-‎offering long form prospectus dated August 14, 2020 available for review on the Company's profile at ‎www.sedar.com. Such forward-looking information represents management's best judgment based on ‎information currently available. Except as required by applicable securities laws, the Company undertakes ‎no obligation to update these forward-looking statements in the event that management's beliefs, estimates ‎or opinions, or other factors, should change. No forward-looking statement can be guaranteed and actual ‎future results may vary materially. Accordingly, readers are advised not to place undue reliance on forward-‎looking statements or information.‎

SOURCE Nova Royalty Corp.

Cision View original content to download multimedia: http://www.newswire.ca/en/releases/archive/May2021/31/c3227.html

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Nova Royalty

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SailingStone Capital logo

SailingStone Capital Partners, a long-time owner of Turquoise Hill Resources Ltd. (TSX: TRQ) (NYSE: TRQ), has delivered the attached letter to the Turquoise Hill Independent Directors:

Dear Independent Directors of Turquoise Hill Resources Ltd.,

SailingStone Capital Partners applauds the decision of the Turquoise Hill Resources Special Committee to reject Rio Tinto's opportunistic offer to acquire the minorities' stake in TRQ for C$34 /share.

As one of the largest, lowest cost, and longest duration copper/gold assets ever discovered, Oyu Tolgoi is a crown jewel. The proposed acquisition price is nowhere near the intrinsic value of Oyu Tolgoi, as it values the Company at less than 35% of capital invested to date and represents a 60% discount to Rio Tinto's own cost basis in TRQ, a position that Rio acquired over a decade ago when the net present value was far lower and the risks far greater than today. In the next few months, the underground mine will achieve sustainable first production, unlocking billions of dollars in annual free cash flow for decades into the future even before the impact of potential expansions. Tier 1 copper assets with brownfield growth options are increasingly rare and therefore increasingly valuable, particularly given how critical copper is in the race to decarbonize and expand the world's energy systems. Rio Tinto's opportunistic bid did not compensate TRQ minority shareholders adequately for any of these realities.

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Best regards,

SailingStone Capital Partners LLC

ABOUT SAILINGSTONE CAPITAL PARTNERS LLC

SailingStone Capital Partners , a division of Pickering Energy Partners, provides investment solutions in the global natural resource space with a specific focus on the industrial businesses, commodities and infrastructure assets which will enable the energy transition. SailingStone manages concentrated, long-only equity portfolios for institutional investors.

For media inquiries:

Petree Partners LLC
Jennifer Petree / Tina Tallant
713.269.3776

For investor inquiries:

SailingStone
MacKenzie Davis
ir@sailingstonecapital.com

Cision View original content to download multimedia: https://www.prnewswire.com/news-releases/sailingstone-applauds-turquoise-hill-response-to-rio-tintos-offer-301606287.html

SOURCE SailingStone Capital Partners

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