Proxy Advisory Firms Endorse Orogen Royalties and Triple Flag Arrangement

Vancouver, BC, June 18, 2025 – Orogen Royalties Inc. has received endorsements from Institutional Shareholder Services Inc. and other proxy advisory firms for its shareholders to vote in favor of the proposed Arrangement Resolution with Triple Flag Precious Metals Corp. The vote will occur at the Orogen Annual General and Special Meeting on June 27, 2025.

The advisory firms highlighted the benefits of variable cash consideration and TFPM share options, offering both immediate value and potential upside. The board of Orogen supports this move, having conducted a detailed market check with positive outcomes.

Orogen and Triple Flag's agreement includes a transaction valued at approximately $421 million, combining cash, shares, and the formation of Orogen Spinco. They also plan to create a new exploration alliance in the western US, focused on gold and silver targets.