Diversified (Mining) Exploration Assets Diversified (Mining) Exploration Assets w vie er The following table is a list of the diversified (mining) exploration assets of Franco-Nevada as at April 12, 2023. A list of the precious metals exploration v O assets can be found on pages 83-85. Assets that have had their terms or leases expire and have been written off are not listed. Diversified – Iron Ore and Other Mining Exploration Assets as at April 12, 2023 Asset Operator Interest and %1 South America Para South Iron Project, Brazil Mineração Tarauaca Industria e Comercio S.A. 0.5-1% NSR (All Metals) Trairao Iron Project, Brazil Mineração Tarauaca Industria e Comercio S.A. $0.2995/tonne (Fe) Various-Vale, Brazil Vale S.A. Various (Fe) Bronce West, Chile Masglas America Corporation SpA 1-2% NSR (All Minerals) Calvario, Chile Austral Gold Limited (Minera Mena Chile Limitada) 1-2% NSR (All Minerals) Mirador, Chile Austral Gold Limited (Minera Mena Chile Limitada) 1-2% NSR (All Minerals) etals Morros Blancos, Chile Pampa Metals Corp. 1-2% NSR (All Minerals) Reina Hija, Chile Sumitomo Metal Mining Chile Ltda 1-2% NSR (All Minerals) San Valentino, Chile Atacama Copper Exploration Limited 1-2% NSR (All Minerals) ecious M Vizcachitas, Chile Los Andes Copper Limited 0.51-2% NSR (All Minerals) r P United States Chilito-Cyprus Christmas, Arizona Grupo Mexico (Asarco LLC) $0.02/lb (Cu); beyond 650M lbs production Copper Creek Redhawk, Arizona CopperBank Resources (Copper Creek Project LLC) 1% NSR plus other (All Minerals) Zeolites, Arizona Imagin Minerals et al $1.50/ton plus escalator (Clay) EaglePicher Diatomite II, Nevada EP Minerals, LLC $0.25/short ton plus other (Diatomite) Boling Dome, Texas Total E&P USA, Inc./H & L New Gulf, Inc. $0.0028225 per long ton (Sulfur) Hobson Pearson, Texas Uranium Energy Corp. 20% OR (Uranium) Shirley Basin (Davy Crockett), Wyoming Ur-Energy Inc. (Pathfinder Mines Corporation) 4% GR (Uranium) ssets Canada Carruthers, British Columbia Cariboo Rose Resources Ltd. 2.5% NSR (All Minerals) (buy-back option on 1.5%) Trout Lake (MAX Moly Mine), British Columbia Cameo Industries Corp. 2.5% NSR (All Minerals) ersified A Golden Ridge, New Brunswick Darryl Leblanc 2% NSR (All Minerals) iv Buchans, Newfoundland and Labrador Buchans Resources Limited (Buchans Minerals Corporation) 2% NSR (All Minerals) (buy-back option on 1%) D LabMag (Taconite), Newfoundland and Labrador Abaxx Technologies 1.666% GR (Iron Ore-Taconite) Mary March, Newfoundland and Labrador Canstar Resources Inc. 1% NSR plus other (All Minerals) Mazenod, Northwest Territories BFR Copper & Gold Inc. 2% NSR (All Minerals) (buy-back option on 1%) Redstone (Coates Lake), Northwest Territories Copper North Mining Corp. (Redbed Resources Corp.) 3-4% NSR (Cu, Ag) Bull Lake, Ontario Wyloo Metals Pty Ltd (Ring of Fire Metals ) 2% NSR (All Minerals) Butler and Sanderson (Diagnos), Ontario Wyloo Metals Pty Ltd (Ring of Fire Metals)/MacDonald Mines Exploration Ltd. ROFR on Diagnos Royalty (Diamonds/Base Metals) Cline Lake, Ontario Alamos Gold Inc. 0.75% NSR (All Minerals) Diagnos, Ontario Debut Diamonds Inc. 2% NSR (All Minerals) Eagle’s Nest, Ontario Wyloo Metals Pty Ltd (Ring of Fire Metals) 1% GR (All Minerals) Folson Lake, Ontario Wyloo Metals Pty Ltd (Ring of Fire Metals) 2% NSR (All Minerals) Kyle, Ontario Renforth Resources Inc. 2% NSR (All Minerals) MacFadyen & Pele, Ontario Wyloo Metals Pty Ltd (Ring of Fire Metals) 2% NSR (All Minerals) Ring of Fire (Black Thor), Ontario Wyloo Metals Pty Ltd (Ring of Fire Metals) 2-3% NSR (Cr, Ni, Cu) Ring of Fire (Original Noront Properties), Ontario Wyloo Metals Pty Ltd (Ring of Fire Metals) 2% GR (Cr) plus other Sungold, Ontario Interbanc Capital Corp. 2% NSR (All Minerals) Timmins (Project 81-Crawford), Ontario Canada Nickel Company Inc. 2% NSR (All Minerals) Benoist, Quebec Cartier Resources Inc. 1% NSR (All Minerals) (buy-back option on 0.5%) Dalhousie, Quebec Wyloo Metals Pty Ltd (Ring of Fire Metals) 2% NSR (All Minerals) Matagami JV, Quebec Glencore Canada Corporation 2% NSR (All Minerals) Matagami PD1, Quebec Glencore Canada Corporation Net Carried Interest plus other (All Minerals) Crawford Lake, Saskatchewan Denison Mines Corp. 2% NSR (All Minerals) (buy-back option on 1%) 102 Franco-Nevada Corporation TSX / NYSE: FNV