October 24, 2012 at 09:15 AM EDT
Gold Royalties Corporation Closes Acquisition of NSR Royalties on Justin, Hit Gold Projects

CALGARY, ALBERTA--(Marketwire - Oct. 24, 2012) - Gold Royalties Corporation (TSX VENTURE:GRO) ("Gold Royalties") is pleased to announce that it has closed, effective October 23, 2012, the acquisition of the 2% net smelter return royalty on the Justin gold project and the 2% net smelter return royalty on the Hit gold project (the "Transaction"), as previously announced on September 26, 2012, with Eagle Plains Resources Ltd. (TSX VENTURE:EPL) ("Eagle Plains").

About Gold Royalties Corporation

Gold Royalties Corporation is a publicly-traded, growth-orientated royalty business which acquires and holds mining royalty assets for investment purposes. The company acquires small-to-mid tier net smelter return and metal stream royalties, with a focus on gold royalties, located in stable jurisdictions. For more information, please visit www.goldroyalties.ca.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact:

Gold Royalties Corporation

Ryan Kalt

President and Chief Executive Officer

1-403-470-3265

info@goldroyalties.ca

www.goldroyalties.ca

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