Investor Newsletter, January 2025

Dear Investor,

Apologies for the delay, we are all on the road, out and about. For us, for now, the time for talking is over. The Future Minerals Forum in Riyadh (which this year attracted over 18,000 attendees, featured government representatives from 87 nations and a star studded lineup of industry eminence) was the last of a very complete winter event calendar and the welcome start to a vital and vigorous year for Royal Road.

We are informed. We have dined sumptuously on a full menu of reflection, deliberation and divination. Comment is chorus; the challenges are obvious and there is little point in screaming at the clouds.

We are exploring in two of the world’s most supportive, prospective and exciting jurisdictions and for that we are exceedingly grateful. With our host governments and local partners we have developed structured fiscal partnerships that incentivise us and provide the body armour we need to apply calculated courage in the field.

We have four projects to drill before mid-year, another tender round in KSA and numerous projects and districts to be assessed here (where I am currently) in Morocco!

So giddy-up!

Exploration Update

Saudi Arabia

At Jabal Sahabiyah, the Company is now permitted to drill and is locating drill objectives at it's Hanash South, Jabal Muwayqirah and Hanash North prospect areas, as well as laying out RAB lines across geophysical targets located below shallow sedimentary cover.

Our busy stand at FMF 2025 and lunch break at Jabal Sahabiyah site visit

Next in Saudi Arabia

• Complete drill targeting
• Prepare for new tender acquisitions

Check out our YouTube channel and catch up on previous episodes here if you haven’t already!

Upcoming Events

We will be attending the following events in 2025,

• 2-5th March - PDAC in Toronto

Thank you for your continued support and trust in our vision. We look forward to sharing more videos and updates with you in the coming months.

Respectfully Yours,
Royal Road Minerals