Orogen Royalties Secures Royalty on Camelot Copper-Gold Project

Orogen Royalties Inc. has reached an agreement with Prospect Ridge Resources Corp., granting them a 100% interest in the Camelot copper-gold porphyry project in British Columbia. In return, Orogen will receive C$200,000 in cash or shares over six months. Orogen retains a 1% net smelter return royalty and can acquire an additional 0.25% NSR royalty from an underlying vendor. This project is located within the traditional territory of several First Nations, and Orogen and Prospect Ridge are committed to fostering positive relationships with these communities.

The Camelot project covers 2,600 hectares in the Quesnel Belt, a region known for its copper-gold systems. Historical explorations revealed copper in soil anomalies and a significant chargeability anomaly. Orogen's retained royalty provides continued exposure to potential discoveries as Prospect Ridge plans drilling in 2025.