35 Franco-Nevada Corporation TSX / NYSE: FNV South America Mineral Resources and Mineral Reserves Additional Information Diversified Assets Posse (Mara Rosa) CentroGold (Gurupi) Location: Brazil, South America Operator: Hochschild Mining PLC Precious Metals: Au Royalty: NSR: 1% Location: Brazil, South America Operator: Oz Minerals Limited Precious Metals: Au Royalty: NSR: 0-1% Franco-Nevada holds a 1% NSR royalty on the Posse open-pit project located in Mara Rosa in the State of Goiás, Brazil. Hochschild Mining PLC (“Hochschild”) acquired the project through its acquisition of Amarillo Gold Corporation (“Amarillo”) in April 2022. Hochschild has revised the August 2020 feasibility study prepared by Amarillo and the updated mine plan forecasts a 10-year mine life from an open-pit with average annual gold production of 80,000 ounces of gold per year with 100,000 ounces of gold per year over the first four years of production. The brownfield project benefits from existing infrastructure and received the License to Install from state regulators in February 2021. Initial capital for the project is estimated at $200 million. As of January 2023, construction is advancing on schedule and reported to be 50% complete as of the end of December 2022, with first production anticipated in H1 2024. For Royalty Ounce calculation, Franco-Nevada estimates 100% of Mineral Resources and Mineral Reserves are subject to our royalty interest and estimates an average rate of 1.0% is applicable Franco-Nevada holds a sliding scale NSR royalty (1% at greater than $400 per ounce gold) on the CentroGold (Gurupi) project located in the State of Maranhão in northern Brazil. Oz Minerals Limited (“Oz Minerals”) acquired the previous operator, Avanco Resources Limited (“Avanco”), in 2018. In July 2019, Oz Minerals released an updated prefeasibility study on the project which envisioned a 10-year mine life with average annual gold production of 100,000 to 120,000 ounces of gold per year with 190,000 to 210,000 ounces of gold per year in the first two years of production. There is currently a mining license injunction for the property. In 2022, Oz Minerals underwent an extensive negotiation and agreement process on a Land Use Agreement and, in December 2022, the National Institute of Colonization and Agrarian Reform approved the Land Use Agreement required for progressing the court injunction removal. Oz Minerals intends to commence a feasibility study for the CentroGold project once the court injunction is removed. For Royalty Ounce calculation, Franco-Nevada estimates 100% of Mineral Resources and Mineral Reserves are subject to our royalty interest and estimates an average rate of 1.0% is applicable Calcatreu Location: Argentina, South America Operator: Patagonia Gold PLC Precious Metals: Au & Ag Royalty: NSR: 2.5% Franco-Nevada has a 2.5% NSR on the Calcatreu property in Argentina. Calcatreu is an epithermal gold-silver deposit located in the Province of Rio Negro. In December 2017, Patagonia Gold PLC (“Patagonia”) acquired the property from Pan American Silver. The Calcatreu deposit contains an Indicated Mineral Resource of 669,000 ounces of gold and 6.3 million ounces of silver and an Inferred Mineral Resource of 348,000 ounces of gold and 3.4 million ounces of silver. In 2022, Patagonia held a series of outreach meetings with local communities, authorities and unions presenting an update on activities, to seek input from those groups and others which will form a vital part of the permitting process for the project moving forward. During the same period, surface rights covering a major portion of the current Mineral Resource at Calcatreu were purchased. For Royalty Ounce calculation, Franco-Nevada estimates 100% of Mineral Resources and Mineral Reserves are subject to our royalty interest and estimates an average rate of 2.5% is applicable San Jorge Location: Argentina, South America Operator: Aterra Investments Ltd. and Solway Industries Ltd. Precious Metals: Au Royalty: NSR: 7.5% San Jorge is a copper-gold porphyry project located in the Province of Mendoza, Argentina. Coro Mining Corp. (“Coro Mining”) prepared a prefeasibility study in 2012 for a flotation copper project with a proposed open pit mine with enriched and primary sulphide ore, although failed to receive permitting to proceed with the project. Aterra Investments Ltd. and Solway Industries Ltd. (“Solway”) acquired the property from Coro Mining in April 2015 and the project is currently on care and maintenance. Solway has reported prefeasibility results with annual production of over 40,000 tonnes of copper and 40,000 ounces of gold contained in concentrate over a 16-year life. Under revised terms of the royalty agreement Franco- Nevada received annual payments of $1.25 million per year for a 10-year period which ended in 2021. Franco-Nevada maintains a 7.5% NSR on all gold produced from the property, having acquired the royalty through its acquisition of Lumina Royalty Corp. in December 2011. For Royalty Ounce calculation, Franco-Nevada estimates 100% of Mineral Resources and Mineral Reserves are subject to our royalty interest and estimates an average rate of 7.5% is applicable