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*Uranium Royalty Corp. 
Listed Company 

URANIUM ROYALTY CORP. ("URC") ("URC.WT")
BULLETIN TYPE: Additional Listing, Property-Asset or Share Purchase Agreement
BULLETIN DATE: December 12, 2019
TSX Venture Tier 1 Company

Additional Listing:

TSX Venture Exchange has accepted for filing documentation with respect to an additional listing of warrants:

Number of Warrants: 4,803,296 warrants

Exercise Price: $2.00 per share

Expiry Date: December 6, 2024

The 4,803,296 warrants will trade under the existing URC.WT symbol, and are in addition to the 21,733,334 warrants listed for trading on the Exchange on December 12, 2019.

Please refer to the Exchange's bulletin dated December 10, 2019 for additional information.


Property-Asset or Share Purchase Agreement:

TSX Venture Exchange has accepted for filing documentation pertaining to certain agreements entered into by Uranium Royalty Corp. (the "Company"), as follows:

Pursuant to the terms of the Roughrider Agreement, the Company has agreed to acquire a 1.9701% NSR on the Roughrider property, Saskatchewan, from the holders thereof. The consideration payable by the Company under the Roughrider Agreement is $5,910,300, one-half of which is payable in cash and one-half of which is payable by the issuance of 1,969,964 units (each, a "Unit"). Each Unit comprises one common share and one common share purchase warrant. Each common share purchase warrant is exercisable at $2.00 per share until December 6, 2024.

Pursuant to the terms of the Michelin Agreement, the Company has acquired a royalty from Altius Royalty Corp. The total consideration payable by the Company is $4,250,000, which is payable by the issuance of 2,833,332 Units. Each Unit comprises one common share and one common share purchase warrant. Each common share purchase warrant is exercisable at $2.00 per share until December 6, 2024. The royalty interest acquired under the Michelin Agreement is a 2.0% GRR on uranium recovered from the underlying property on the Michelin project, Newfoundland and Labrador.

In addition, the Company has issued 500,000 units (the "Sprott Units") pursuant to the Sprott Credit Agreement. Each Sprott Unit comprises one common share and one common share purchase warrant. Each common share purchase warrant has an exercise price of $1.40 until December 6, 2024.

For further information please refer to the Company's Prospectus dated November 22, 2019, available on SEDAR.

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