United States Sterling Granite Creek (Pinson) Location: Nevada, United States Location: Pinson, United States ww Operator: AngloGold Ashanti Operator: i-80 Gold Corp. vievie Precious Metals: Au Precious Metals: Au erer Royalty: NSR: 0.25% Royalty: NSR: 1-2% vv OO Sterling is a historic gold operation located 185 km The Granite Creek (Pinson) project is located near northwest of Las Vegas, Nevada near Beatty, Nevada. Winnemucca, Nevada, at the intersection of the Getchell In 2022, AngloGold Ashanti acquired 100% of Coeur’s wholly owned Gold Belt and the Battle Mountain-Eureka Trend. subsidiary, Coeur Sterling, Inc., which owned the Sterling property. Franco-Nevada holds a 1-2% NSR on approximately 20 sections within the Franco-Nevada holds 1/8th of a 2% NSR, or an effective 0.25% NSR royalty, Getchell trend. This royalty includes a 2% NSR on Section 33 and a 1% NSR on approximately 272 lode mining claims with a small minimum advance on the southern half of Section 32 within Granite Creek’s operating area, royalty. Sterling underground mining operations were terminated formally known as Pinson. Granite Creek (Pinson) is south of Nevada at the end of May 2015. The acquisition consolidates AngloGold Gold Mines’ Turquoise Ridge mine and 13 km from its Twin Creeks mine Ashanti’s ownership position in the Beatty District allowing for optimal complex. The historic Pinson mine produced 985,000 ounces of gold from etals development of the assets centered on developing the Silicon project. 1980 through 1999 by open-pit mining. Pinson was placed on care and Franco-Nevada has not included Sterling in Royalty Ounce estimates maintenance in 2015. ecious M r In August 2020, Premier Gold Mines USA, Inc. acquired the outstanding P interests of Osgood Mining Company LLC (“Osgood”) from affiliates of Waterton Global Resource. In 2021, Equinox Gold acquired Premier. Concurrently, Premier spun-out its US-focused gold production and development assets into i-80 Gold, which included the Granite Creek project (previously known as the Pinson project). In February 2022, i-80 Gold announced that 2021 drilling was successful in delineating high- grade mineralization in multiple areas surrounding the existing mine workings. In July 2022, i-80 Gold announced they began shipping ore from operations at the Granite Creek Mine to Nevada Gold Mines, Twin Creeks processing facility, as per the Company’s toll-milling agreement. Mined material will be processed at the Twin Creeks facility until i-80 Gold’s Lone Tree facility is operational. Franco-Nevada’s royalty at Granite Creek does not cover the current underground workings. Franco-Nevada has not included Granite Creek (Pinson) in Royalty Ounce estimates 52 Franco-Nevada Corporation TSX / NYSE: FNV