Canada Brucejack Location: British Columbia, Canada ww Operator: Newcrest Mining Limited vievie Precious Metals: Au & Ag erer Royalty: NSR: 1.2% vv OO 2022 2021 2020 Revenue to Franco-Nevada ($ million) $ 5.8 $ 7.0 $ 7.2 1, 2 M&I Resource (koz Au) 7,200 7,200 7,600 1, 2 Inferred Resource (koz Au) 3,100 3,100 3,100 1, 2 P&P Reserves (koz Au) 3,900 3,900 4,200 1, 2, 3 M&I Royalty Ounces (000s) 86 86 91 2, 3 Inferred Royalty Ounces (000s) 37 37 37 2, 3 P&P Royalty Ounces (000s) 47 47 50 Brucejack, British Columbia etals 1 Please refer to the tables on pages 116-120 for a breakout of grade and tonnages by Mineral Resource category; all M&I categories are inclusive of Mineral Reserves 2 Does not include silver Mineral Resources or Mineral Reserves ecious M 3 For Royalty Ounce calculation, Franco-Nevada estimates that 100% of the remaining Mineral r Resources and Mineral Reserves are subject to our royalty interest and estimates a rate of 1.2% Brucejack Project P is applicable Royalty Area In May 2013, Franco-Nevada purchased an existing 1.2% NSR 1.2% NSR royalty covering Newcrest Mining Limited’s (“Newcrest”) Brucejack gold project in northwestern 0 2 British Columbia. Snowfield Brucejack km Property The project includes two principal deposits, the Valley of the Kings and Covered by the West Zone. The mine was developed by Pretium Resources Inc.’s Royalty (“Pretium”) and commenced production in 2017. Newcrest acquired Not Covered Pretium in early 2022. Brucejack produced 250,357 ounces of gold by Royalty in the full 2022 calendar year with Newcrest expecting Brucejack to produce approximately 320,000 to 370,000 ounces of gold for the financial year ending June 30, 2023. Production at Brucejack was Hanging impacted by a temporary suspension of operations in October 2022 Golden Marmot and gold production is expect to increase in H1 2023, driven by higher Glacier Zone mill throughput. Zone SG Zone Pretium’s guidance in March 2020 stated a life of mine average annual Shore Zone production of approximately 311,000 ounces of gold with a 13-year mine Bonanza Zone life. Newcrest is advancing a debottlenecking concept study to potentially Brucejack increase the process plant capacity from 3,800 tpd to between 4,500 and Gossan Hill Zone Lake 5,000 tpd, with a permit application expected in H1 2023. Exploration drilling in 2022 continued to confirm the potential for West Zone resource growth at the Valley of the Kings deposit and surrounding area. Flow Dome Further high-grade results were returned from the 1080 HBx Zone and Brucejack Mine Zone Golden Marmot during 2022, both areas which are covered by Franco- Valley of the Kings Nevada’s royalty and located outside of the current published resource. Bridge Near-mine exploration targets on royalty ground outside of the West Brucejack Zone Zone include the Bridge Zone, Shore Zone, Gossan Hill Zone, SG Zone, Property Bonanza Zone and the western portion of the Flow Dome Zone. The easternmost portion of the Flow Dome Zone, east of the Valley of the Kings, is not covered on royalty ground. Mill debottlenecking concept study advancing Brucejack High-grade results from Golden Marmot and Property 1080 HBx Zone on royalty ground Stewart British Columbia Vancouver 58 Franco-Nevada Corporation TSX / NYSE: FNV