SOURCE ROCK ROYALTIES ANNOUNCES RECORD ANNUAL ROYALTY PRODUCTION & REVENUE

/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE U.S./

Source Rock Royalties Ltd. ("Source Rock") (TSXV: SRR), a pure-play oil and gas royalty company with an established portfolio of oil royalties, announces unaudited (1) operational and financial highlights for fiscal 2024 and the fourth quarter of 2024 ("Q4 2024"). Annual royalty production and revenue were the highest results in Source Rock's 12-year history.

Unaudited ⁽¹⁾ annual results for fiscal 2024 were:

Royalty Production - 251 boe/d (95% oil & NGLs), an increase of 21% compared to 2023.
Royalty Revenue - $7.68 million , an increase of 16% compared to 2023.

Unaudited ⁽¹⁾ results for Q4 2024 were:

Royalty Production - 256 boe/d (97% oil & NGLs), an increase of 17% compared to Q4 2023.
Royalty Revenue - $1.87 million , an increase of 9% compared to Q4 2023.

Audited Annual and Q4 2024 Financial Statements and Management Discussion and Analysis, as well as oil and gas reserves information as of December 31, 2024, will be filed on SEDAR+ ( www.sedarplus.ca ) and announced by news release on or before April 30, 2025.

President's Message

2024 was a record year for Source Rock as a result of acquisitions completed in 2023 and record drilling activity. In 2024, 43 new horizontal wells began producing on our royalty lands: 20 Frobisher wells in S.E. Saskatchewan , 18 Clearwater wells in central Alberta , 3 Viking wells in west-central Saskatchewan , 1 Dina well in east-central Alberta and 1 Amaranth well in Manitoba .

Source Rock's working capital as of February 28, 2025 was approximately $5 million ( $0.11 per share), a 120% increase from February 2024 . We are actively pursuing additional accretive royalty acquisitions with the goal of expanding and diversifying our base royalty production, as well as increasing exposure to undeveloped royalty lands and ongoing drilling activity. We continue to be focused on acquiring high netback oil royalties.

Brad Docherty , President & CEO

About Source Rock Royalties Ltd.

Source Rock is a pure-play oil and gas royalty company with an existing portfolio of oil royalty interests concentrated in southeast Saskatchewan , central Alberta and west-central Saskatchewan . Source Rock targets a balanced growth and yield business model, using funds from operations to pursue accretive royalty acquisitions and to pay dividends. By leveraging its niche industry relationships, Source Rock identifies and acquires both existing royalty interests and newly created royalties through collaboration with industry partners. Source Rock's strategy is premised on maintaining a low-cost corporate structure and achieving a sustainable and scalable business, measured by growing funds from operations per share and maintaining a strong netback on its royalty production.

www.sourcerockroyalties.com

(1)

Unaudited Information: All financial information contained in this news release for the year ended and fourth quarter of December 31, 2024, such as royalty revenue, is based on estimated unaudited financial information which has been disclosed in accordance with generally accepted accounting principles in Canada and has not been reviewed by Source Rock's auditor. These estimated results are subject to change upon completion of the audited financial statements for the year ended December 31, 2024, and changes could be material. Source Rock anticipates filing its audited financial statements and related management's discussion and analysis for the year ended December 31, 2024 on SEDAR+ on or before April 30, 2025.

Forward-Looking Statements

This news release includes forward-looking statements and forward-looking information within the meaning of Canadian securities laws. Often, but not always, forward-looking information can be identified by the use of words such as "plans", "is expected", "expects", "scheduled", "intends", "contemplates", "anticipates", "believes", "proposes" or variations (including negative and grammatical variations) of such words and phrases, or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. Forward-looking statements in this news release include statements regarding Source Rock's dividend strategy and the amount and timing of future dividends (and the sustainability thereof), the potential for future drilling on Source Rock's royalty lands, expectations regarding commodity prices, Source Rock's growth strategy and expectations with respect to future royalty acquisition and partnership opportunities, the ability to complete such acquisitions and establish such partnerships, and the estimated costs for Source Rock to run its business. Such statements and information are based on the current expectations of Source Rock's management and are based on assumptions and subject to risks and uncertainties. Although Source Rock's management believes that the assumptions underlying these statements and information are reasonable, they may prove to be incorrect. The forward-looking events and circumstances discussed in this news release may not occur by certain dates or at all and could differ materially as a result of known and unknown risk factors and uncertainties affecting Source Rock. Although Source Rock has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements and information, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. No forward-looking statement or information can be guaranteed. Except as required by applicable securities laws, forward-looking statements and information speak only as of the date on which they are made and Source Rock undertakes no obligation to publicly update or revise any forward-looking statement or information, whether as a result of new information, future events or otherwise.

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 of this release.

SOURCE Source Rock Royalties Ltd.

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/March2025/10/c0058.html

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Source Rock Royalties SRR:CC TSXV:SRR Energy Investing

SRR:CC

Source Rock Royalties Confirms Monthly Dividend Record Date and Payment Date

Source Rock Royalties Ltd. (TSXV: SRR) ("Source Rock") is issuing this news release to confirm the record date and payment date for the January 2025 monthly dividend.

As previously announced on January 15, 2025, the board of directors of Source Rock has declared a monthly dividend of $0.0065 per common share, payable in cash on February 14, 2025 to shareholders of record on January 31, 2025. This information was disseminated by financial news providers and was therefore available to TSX Venture Exchange participating organizations, the financial community and other market participants.

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SOURCE ROCK ROYALTIES DECLARES MONTHLY DIVIDEND AND COMPLETES 11TH CONSECUTIVE YEAR OF PAYING DIVIDENDS TO SHAREHOLDERS

/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE U.S./

Source Rock Royalties Ltd. ("Source Rock") (TSXV: SRR), a pure-play oil and gas royalty company with an established portfolio of oil royalties, announces that its board of directors has declared a monthly dividend of $0.0065 per common share, payable in cash on January 15, 2025 to shareholders of record on December 31, 2024 .

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SOURCE ROCK ROYALTIES ANNOUNCES Q3 2024 RESULTS INCLUDING ITS THIRD CONSECUTIVE QUARTER OF RECORD ROYALTY PRODUCTION

/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE U.S./

Source Rock Royalties Ltd. ("Source Rock") (TSXV: SRR), a pure-play oil and gas royalty company with an established portfolio of oil royalties, announces results for the three and nine month interim periods ended September 30, 2024 ("Q3 2024").

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Baselode Reports Shallow Uranium Results from Summer 2024 Drill Program

Six drill holes expand shallow uranium mineralization footprint in Pod 1 (i.e., within 50 metres from surface), eleven drill holes confirmed uranium starting within 100 metres from surface in three Pods

Shallow uranium mineralization updip of Pod 7 remains largely untested and requires further follow-up drilling

Baselode Energy Corp. (TSXV: FIND) (OTCQB: BSENF) ("Baselode" or the "Company") is pleased to release uranium ("U3O8") assay results from all 28 drill holes of the 2024 drill program on the ACKIO prospect area ("ACKIO") in the Athabasca Basin ("Basin") area of northern Saskatchewan (Figure 1).

"We're especially encouraged with 6 drill holes intersecting uranium within 50 m from surface and 11 drill holes within 100 m from surface. These shallow mineralization results continue to demonstrate ACKIO's unique advantage in the Basin area with easily accessible, near-surface uranium. Last year's summer drill program successfully defined more shallow uranium mineralization to the north and south of our shallowest uranium zone, Pod 1. Uranium at the overburden-bedrock contact still remains open to the south and north.

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	Three Months Ended December 31,			Year Ended December 31,
FINANCIAL ($, except as noted)	2024	2023	Change	2024	2023	Change
Royalty revenue	1,871,245	1,720,264 ⁽¹⁾	9 %	7,689,586	6,646,326 ⁽¹⁾	16 %
Adjusted EBITDA ⁽²⁾	1,709,057	1,525,386	12 %	6,816,173	5,793,204	18 %
Per share (basic)	0.038	0.034	12 %	0.15	0.129	16 %
Funds from operations ⁽²⁾	1,511,958	1,663,376	-9 %	5,994,371	5,653,618	6 %
Per share (basic)	0.033	0.037	-11 %	0.132	0.126	5 %
Total comprehensive income (loss)	501,915	382,367	31 %	1,495,319	1,566,310	-5 %
Per share (basic)	0.011	0.008	38 %	0.033	0.035	-6 %
Per share (diluted)	0.01	0.008	25 %	0.031	0.034	-9 %
Dividends declared	888,863	812,850	9 %	3,473,939	2,968,990	17 %
Per share	0.0195	0.018	8 %	0.0765	0.066	16 %
Payout ratio ⁽²⁾	59 %	49 %	20 %	58 %	53 %	9 %
Cash and cash equivalents	4,635,727	1,462,040	217 %	4,635,727	1,462,040	217 %
Per share (basic)	0.10	0.03	214 %	0.10	0.03	215 %
Average shares outstanding (basic)	45,582,727	45,139,091	1 %	45,386,449	45,022,140	1 %
Shares outstanding (end of period)	45,582,727	45,231,645	1 %	45,582,727	45,231,645	1 %
OPERATING
Average daily production (boe/d)	256	218 ⁽³⁾	17 %	251	208 ⁽³⁾	21 %
Percentage oil & NGLs	97 %	94 %	3 %	95 %	93 %	2 %
Average price realizations ($/boe)	79.45	85.86	-7 %	83.58	87.54	-5 %
Operating netback ⁽²⁾ ($/boe)	72.57	76.06	-5 %	74.20	76.30	-3 %
Corporate netback ⁽²⁾ ($/boe)	64.20	82.94	-23 %	65.25	74.47	-12 %

(1)	Source Rock also benefited from $211,892 (Q4 2023) and $373,437 (fiscal 2023) of sales proceeds from royalty production that occurred after the effective date but prior to the closing date of acquisitions. These proceeds were accounted for as a reduction to the purchase price of the acquisitions.
(2)	This is a non-GAAP financial measure or non-GAAP ratio. Refer to the disclosure under the heading "Non-GAAP Financial Measures & Ratios" for more information on each non-GAAP financial measure or ratio.
(3)	Source Rock also benefited from 29 boe/d (100% oil & NGLs) for Q4 2023 and 12 boe/d (100% oil & NGLs) for fiscal 2023, of royalty production that occurred after the effective date but prior to the closing date of acquisitions.

	Three months ended September 30,			Nine months ended September 30,
FINANCIAL ($)	2024	2023	Change	2024	2023	Change
Royalty revenue	1,987,999	2,018,865	-2 %	5,818,341	4,926,062 ⁽¹⁾	18 %
Adjusted EBITDA ⁽²⁾	1,670,376	1,746,388	-4 %	5,107,116	4,267,818	20 %
Per share (basic)	0.037	0.039	-5 %	0.113	0.095	19 %
Funds from operations ⁽²⁾	1,477,458	1,562,143	-5 %	4,482,413	3,990,242	12 %
Per share (basic)	0.032	0.035	-6 %	0.099	0.089	11 %
Total comprehensive income (loss)	247,925	529,845	-53 %	993,404	1,183,943	-16 %
Per share (basic)	0.005	0.012	-58 %	0.022	0.026	-15 %
Per share (diluted)	0.005	0.011	-55 %	0.021	0.026	-19 %
Dividends declared	888,863	741,895	20 %	2,585,076	2,156,140	20 %
Per share (basic)	0.0195	0.0165	18 %	0.057	0.048	19 %
Payout ratio ⁽²⁾ (%)	60 %	47 %	28 %	58 %	54 %	7 %
Cash and cash equivalents	3,865,103	8,420,133	-54 %	3,865,103	8,420,133	-54 %
Per share (basic)	0.09	0.19	-53 %	0.09	0.19	-53 %
Average shares outstanding (basic)	45,495,207	44,937,406	1 %	45,320,871	44,910,381	1 %
Shares outstanding (end of period)	45,582,727	44,996,645	1 %	45,582,727	44,996,645	1 %
OPERATING
Average daily production (boe/d)	257	228	13 %	250	205 ⁽³⁾	22 %
Percentage oil & NGLs	94 %	94 %	-	95 %	93 %	2 %
Average price realizations ($/boe)	83.94	96.33	-13 %	85.00	88.15	-4 %
Operating netback ⁽²⁾ ($/boe)	70.65	83.25	-15 %	74.26	76.25	-3 %
Corporate netback ⁽²⁾ ($/boe)	62.49	74.47	-16 %	65.18	71.30	-9 %


(1)	Source Rock also benefited from $171,875 for the nine month period ended September 30, 2023, of sales proceeds from royalty production that occurred after the effective date but prior to the closing dates of acquisitions. These sales proceeds were accounted for as a reduction to the purchase price of the acquisitions.
(2)	This is a non-GAAP financial measure or non-GAAP ratio. Refer to the disclosure under the heading "Non-GAAP Financial Measures & Ratios" for more information on each non-GAAP financial measure or ratio.
(3)	Source Rock also benefited from 7 boe/d (100% oil & NGLs) for the nine month period ended September 30, 2023, of royalty production that occurred after the effective date but prior to the closing dates of acquisitions.

DDH	Target	East	North	Elevation	Az.	Dip	EOH	Radioactivity (>300 counts-per-second, cps)	Assay Results (>0.05 wt% U₃O₈)
AK24-117*	Pod 8	526142	6372902	465	90	-75	227	368 cps over 0.45 m at 74.4 m	0.09% over 0.45 m at 74.4 m
	Pod 8							301 cps over 1.8 m at 108.3 m	No significant results
	Pod 8							409 cps over 6.25 m at 117.25 m	0.07% over 0.5 m at 118.0 m 0.06% over 1.0 m at 121.5 m
	Pod 6							426 cps over 12.55 m at 128.1 m	0.07% over 7.5 m at 128.5 m 0.05% over 1.5 m at 139.0 m
	Pod 6							327 cps over 6.4 m at 145.2 m	0.11% over 1.0 m at 145.5 m
	Pod 6							399 cps over 0.65 m at 160.95 m	0.08% over 0.5 m at 161.0 m
AK24-118*	Pod 8	526142	6372902	465	118	-71	257	456 cps over 0.8 m at 89.3 m	0.15% over 0.9 m at 89.2 m
	Pod 8							350 cps over 0.5 m at 92.7 m	0.09% over 0.3 m at 92.7 m
	Pod 8							392 cps over 2.6 m at 119.1 m	0.09% over 1.1 m at 119.4 m
	Pod 8							315 cps over 3.1 m at 131.8 m	No significant results
	Pod 6							1,115 cps over 13.3 m at 149.3 m	0.06% over 0.5 m at 149.5 m 0.59% over 8.5 m at 153.0 m
	Pod 6						includes		0.72% over 6.0 m at 154.0 m
AK24-119*	Pod 6	526133	6372907	463	65	-75	230	300 cps over 8.5 m at 109.5 m	0.07% over 0.5 m at 104.5 m
	Pod 6							907 cps over 34.05 m at 131.1 m	0.28% over 21.0 m at 141.0 m
	Pod 6						includes	9,173 cps over 0.4 m at 144.6 m	1.36% over 2.0 m at 143.0 m
	Pod 6						and includes		0.51% over 0.5 m at 152.0 m
AK24-120	Exploration - Depth	526210	6373081	464	270	-70	512	No significant results
AK24-121	Exploration - Depth	526317	6372980	465	270	-70	452	No significant results
AK24-122	Exploration - Depth	526360	6372880	467	270	-70	446	No significant results
AK24-123	Exploration - SE Strike	526450	6372680	467	270	-65	369	No significant results
AK24-124	Exploration - UC	526335	6372730	466	90	-90	200	No significant results
AK24-125	Exploration - UC	526335	6372730	466	90	-60	332	495 cps over 0.3 m at 132.75 m	0.05% over 0.55 m at 132.5 m
AK24-126	Exploration - UC	526342	6372830	467	90	-70	269	No significant results
AK24-127	Exploration - UC	526362	6372928	467	90	-80	215	330 cps over 0.15 m at 53.4 m	No significant results
	Exploration - UC							330 cps over 0.1 m at 55.9 m	No significant results
	Exploration - UC							320 cps over 0.25 m at 115.75 m	No significant results
AK24-128	Pod 1 NW	526062	6373080	466	270	-60	200	302 cps over 1.85 m at 47.7 m	No significant results
	Pod 1 NW							370 cps over 0.1 m at 50.0 m	No significant results
	Pod 1 NW							300 cps over 0.6 m at 50.65 m	No significant results
	Pod 1 NW							310 cps over 0.15 m at 58.6 m	No significant results
	Pod 1 NW							460 cps over 0.1 m at 59.1 m	0.05% over 0.5 m at 59.0 m
	Pod 1 NW							300 cps over 0.2 m at 62.9 m	No significant results
	Pod 7 NW							418 cps over 0.9 m at 109.05 m	0.07% over 0.5 m at 109.0 m
AK24-129	Exploration - UC	526231	6372800	467	270	-90	188	324 cps over 0.65 m at 80.65 m	No significant results
AK24-130	Exploration - SE Strike	526453	6372383	468	250	-60	281	No significant results
AK24-131	Pod 8	526135	6372836	465	76	-65	242	No significant results
AK24-132	Pod 8	526135	6372836	464	76	-59	218	No significant results	0.05% over 0.1 m at 156.5 m
AK24-133	Pod 8	526124	6372879	465	90	-60	224	397 cps over 1.10 m at 112.4 m	0.08% over 1.0 m at 112.5 m
	Pod 8							341 cps over 0.55 m at 116.7 m	0.06% over 2.0 m at 116.5 m
	Pod 8							350 cps over 0.8 m at 120.3 m	No significant results
	Pod 8							396 cps over 11.65 m at 128.95 m	0.09% over 11.5 m at 130.5 m
	Pod 6							444 cps over 1.2 m at 155.5 m	0.07% over 1.0 m at 155.5 m
AK24-134	Pod 1	526091	6372933	463	267	-50	191	386 cps over 6.05 m at 53.2 m	0.10% over 1.5 m at 53.5 m 0.16% over 1.0 m at 56.5 m
	Between Pod 1 & Pod 7							400 cps over 0.5 m at 74.0 m	0.12% over 1.25 m at 74.0 m
	Pod 7							1,035 cps over 11.0 m at 101.3 m	0.17% over 9.0 m at 103.0 m
	Pod 7						includes	6,621 cps over 0.7 m at 103.9 m	1.07% over 0.5 m at 104.0 m
	Pod 7							400 cps over 0.05 m at 129.2 m	0.06% over 0.05 m at 129.2 m
	Pod 7							500 cps over 4.75 m at 131.9 m	0.10% over 3.0 m at 132.0 m
	Pod 7							6,344 cps over 0.3 m at 138.9 m	0.43% over 1.0 m at 138.5 m
	Pod 7						includes		0.65% over 0.5 m at 139.0 m
AK24-135B	Pod 1	526091	6372932	463	267	-50	185	410 cps over 0.6 m at 41.6 m	0.09% over 0.7 m at 41.5 m
	Pod 1							478 cps over 0.4 m at 44.0 m 417 cps over 1.55 m at 47.0 m	0.05% over 6.5 m at 44.0 m¹
	Between Pod 1 & Pod 7							442 cps over 0.6 m at 53.3 m	0.06% over 1.0 m at 53.0 m
	Between Pod 1 & Pod 7							465 cps over 0.2 m at 55.9 m	0.06% over 0.5 m at 56.0 m
	Pod 7							438 cps over 1.25 m at 89.45 m	0.10% over 1.65 m at 89.35 m
	Pod 7							983 cps over 28.65 m at 98.2 m	0.18% over 28.0 m at 98.0 m
	Pod 7						includes		0.55% over 0.5 m at 99.5 m
							and includes	5,920 cps over 0.15 m at 123.1 m	0.57% over 0.5 m at 123.0 m
	Pod 7							623 cps over 0.6 m at 156.3 m	No significant results
AK24-136	Pod 1	526091	6372932	463	245	-55	208.5	380 cps over 0.2 m at 50.4 m	0.05% over 0.4 m at 50.2 m
	Pod 1							414 cps over 0.75 m at 56.7 m	0.10% over 1.0 m at 56.5 m
	Between Pod 1 & Pod 7							366 cps over 4.6 m at 74.0 m	0.11% over 3.5 m at 74.0 m²
	Pod 7							328 cps over 6.3 m at 103.8 m	0.06% over 0.5 m at 103.5 m 0.05% over 0.5 m at 105.5 m 0.06% over 0.5 m at 109.0 m
	Pod 7							800 cps over 5.15 m at 113.5 m	0.12% over 4.5 m at 114.5 m
	Pod 7						includes	10,455 cps over 0.2 m at 118.45 m	0.59% over 0.55 m at 118.45 m
	Pod 7							320 cps over 0.05 m at 125.9 m	No significant results
	Pod 7							471 cps over 0.45 m at 129.4 m	0.07% over 0.5 m at 129.5 m
	Pod 7							No significant results	0.05% over 0.5 m at 135.0 m
AK24-137	Pod 1	526091	6372932	463	241	-69	191	1,236 cps over 8.95 m at 37.35 m	0.38% over 9.15 m at 37.35 m³
	Pod 1						includes	5,827 cps over 0.2 m at 39.35 m	0.68% over 4.25 m at 39.0 m
	Pod 1							325 cps over 3.4 m at 50.5 m	0.12% over 0.5 m at 50.5 m 0.07% over 0.5 m at 53.0 m
	Pod 1							330 cps over 0.15 m at 58.85 m	No significant results
	Between Pod 1 & Pod 7							302 cps over 4.4 m at 96.55 m	0.05% over 0.5 m at 96.5 m
	Between Pod 1 & Pod 7							365 cps over 3.4 m at 105.25 m	0.06% over 0.5 m at 107.5 m
	Pod 7							380 cps over 0.1 m at 120.35 m	No significant results
	Pod 7							684 cps over 0.3 m at 124.7 m	0.06% over 0.5 m at 124.5 m
	Pod 7							1,272 cps over 13.3 m at 127.5 m	0.28% over 9.0 m at 129.0 m
	Pod 7						includes	5,000 cps over 0.2 m at 130.1 m	0.51% over 0.5 m at 130.0 m
	Pod 7						and includes	7,000 cps over 0.05 m at 132.1 m	0.55% over 2.0 m at 132.5 m
	Pod 7						and includes	5,600 cps over 0.85 m at 132.7 m
	Pod 7						and includes	10,600 cps over 0.1 m at 134.55 m
	Pod 7							1,122 cps over 4.85 m at 142.9 m	0.16% over 4.0 m at 142.5 m
	Pod 7						includes	5,600 cps over 0.25 m at 143.15 m
	Pod 7						and includes	6,500 cps over 0.1 m at 146.15 m
	Pod 7							1,063 cps over 1.45 m at 150.65 m	No significant results
	Pod 7						includes	10,000 cps over 0.1 m at 150.65 m	0.40% over 0.5 m at 150.5 m
AK24-138	Pod 7	526060	6372968	462	251	-60	152	388 cps over 11.2 m at 64.85 m	0.09% over 10.5 m at 64.5 m⁴
	Pod 7							905 cps over 26.5 m at 79.55 m	0.19% over 23.0 m at 81.5 m
	Pod 7						includes	7,000 cps over 0.1 m at 89.05 m	0.58% over 0.5 m at 89.0 m
	Pod 7						and includes	6,300 cps over 0.1 m at 96.4 m
	Pod 7						and includes	5,500 cps over 0.1 m at 97.55 m	0.65% over 0.5 m at 97.5 m
	Pod 7						and includes	5,290 cps over 0.6 m at 101.5 m	1.00% over 1.0 m at 101.0 m
	Pod 7							454 cps over 0.75 m at 108.35 m	No significant results
	Pod 7							738 cps over 0.8 m at 111.95 m	0.23% over 0.5 m at 112.0 m
AK24-139	Pod 7	526060	6372968	462	281	-45	179	No significant results	0.37% over 0.25 m at 41.25 m
								369 cps over 0.85 m at 62.15 m	0.11% over 0.5 m at 62.0 m
	Pod 7							300 cps over 0.4 m at 65.0 m	No significant results
	Pod 7							664 cps over 24.7 m at 68.45 m	0.11% over 22.0 m at 70.5 m
	Pod 7							305 cps over 0.05 m at 96.35 m	No significant results
	Pod 7							495 cps over 0.1 m at 98.25 m	No significant results
	Pod 7							388 cps over 0.2 m at 101.45 m	No significant results
	Pod 7							360 cps over 0.1 m at 134.45 m	No significant results
	Pod 7							380 cps over 0.15 m at 137.9 m	No significant results
AK24-140	Pod 7 NW	525979	6373079	461	80	-65	275	360 cps over 0.4 m at 82.3 m	No significant results
	Pod 7 NW							320 cps over 1.6 m at 88.9 m	No significant results
	Pod 7 NW							350 cps over 0.25 m at 92.75 m	No significant results
	Pod 7 NW							300 cps over 0.6 m at 99.9 m	No significant results
AK24-141	Pod 7 NW	525979	6373079	461	93	-76	365	988 cps over 1.65 m at 91.8 m	0.11% over 2.0 m at 91.5 m
	Pod 1 NW							340 cps over 0.1 m at 180.7 m	No significant results
	Pod 9							300 cps over 0.2 m at 271.4 m	No significant results
	Pod 9							360 cps over 0.2 m at 272.95 m	No significant results
	Pod 9							310 cps over 0.15 m at 274.3 m	No significant results
AK24-142	Pod 7 NW	525979	6373091	462	85	-78	344	300 cps over 0.15 m at 68.0 m	No significant results
	Pod 7 NW							458 cps over 1.35 m at 77.25 m	0.07% over 0.5 m at 77.0 m 0.06% over 0.5 m at 78.5 m
	Pod 1 NW							550 cps over 0.1 m at 102.1 m	No significant results
	Pod 1 NW							440 cps over 0.1 m at 112.25 m	No significant results
	Pod 1 NW							757 cps over 0.2 m at 114.1 m	No significant results
	Pod 1 NW							500 cps over 0.15 m at 116.45 m	No significant results
	Pod 9							300 cps over 0.2 m at 135.6 m	No significant results
	Pod 9							374 cps over 0.45 m at 184.0 m	No significant results
	Pod 9							380 cps over 0.2 m at 184.8 m	No significant results
	Pod 9							400 cps over 0.1 m at 185.4 m	No significant results
	Pod 2 NW							347 cps over 0.45 m at 276.2 m	No significant results
	Pod 2 NW							300 cps over 0.5 m at 312.75 m	No significant results
AK24-143	Pod 1	526101	6373029	463	265	-55	221	330 cps over 0.45 m at 46.9 m	No significant results
	Pod 1							397 cps over 21.25 m at 59.5 m	0.12% over 11.8 m at 65.2 m⁵
	Pod 1							300 cps over 0.1 m at 90.3 m	No significant results
	Pod 1							360 cps over 0.3 m at 97.7 m	0.06% over 0.6 m at 97.5 m
	Pod 1							300 cps over 0.15 m at 101.0 m	No significant results
	Pod 7							453 cps over 0.3 m at 123.6 m	No significant results
	Between Pod 1 & Pod 7							330 cps over 2.1 m at 125.7 m	0.10% over 1.0 m at 126.0 m
	Between Pod 1 & Pod 7							450 cps over 0.5 m at 130.75 m	0.05% over 0.5 m at 130.5 m
	Between Pod 1 & Pod 7							344 cps over 4.35 m at 136.1 m	0.08% over 2.0 m at 136.0 m
	Pod 7 NW							300 cps over 0.2 m at 152.6 m	No significant results
	Pod 7 NW							380 cps over 0.25 m at 153.65 m	0.06% over 4.5 m at 153.5 m⁶
	Pod 7 NW							388 cps over 3.35 m at 155.65 m	0.06% over 4.5 m at 153.5 m⁶
AK24-144	Pod 1	526080	6373029	463	265	-55	200	500 cps over 0.25 m at 44.5 m	No significant results
	Pod 1							375 cps over 10.45 m at 50.0 m	0.12% over 9.0 m at 51.5 m⁷
							includes		0.69% over 0.5 m at 54.0 m
	Pod 1							300 cps over 0.1 m at 64.4 m	No significant results
	Pod 1							300 cps over 0.1 m at 65.3 m	No significant results
	Between Pod 1 & Pod 7							800 cps over 0.3 m at 98.75 m	0.13% over 1.0 m at 98.5 m
	Pod 7 NW							350 cps over 0.55 m at 142.3 m	0.10% over 1.0 m at 142.0 m
28 DDH							7,373 m	19 DDH	17 DDH

SOURCE ROCK ROYALTIES ANNOUNCES RECORD ANNUAL ROYALTY PRODUCTION & REVENUE

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Investor Insight

Overview

Company Highlights

Royalty Assets

1. SE Saskatchewan Light Oil Gross Overriding Royalties

2. Clearwater Heavy Oil Gross Overriding Royalty

3. Hamilton Lake Unit Viking Light Oil Royalty

4. Central Alberta and Saskatchewan Gross Overriding Royalties

Management Team

Brad Docherty – President, Chairman and Chief Executive Officer

Cheryne Lowe – Chief Financial Officer

John Bell – Director

Dean Potter – Director

Gary McMurren – Director

Shaun Thiessen – Director

Scott Rideout – Director

June-Marie Innes – Director

Jordan Kevol – Director

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