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United States Hollister Location: Nevada, United States ww Operator: Hecla Mining Company vievie Precious Metals: Au erer Royalty: NSR: 3-5% vv OO 2022 2021 2020 Revenue to Franco-Nevada ($ million) $ – $ – $ – M&I Resource (koz Au)1 51 51 51 Inferred Resource (koz Au)1 273 273 273 P&P Reserves (koz Au)1 – – – 1, 2 M&I Royalty Ounces (000s) 2 2 2 2 Inferred Royalty Ounces (000s) 8 8 8 2 P&P Royalty Ounces (000s) – – – Hollister, Nevada 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 In 2018 Hecla acquired Klondex, the previous operator, which included 2 For Royalty Ounce calculation, Franco-Nevada estimates 100% of Mineral Resources and Mineral the Hollister mine, as well as the Fire Creek/Midas assets highlighted on Reserves are subject to our royalty interest and estimates an average rate of 3.0% is applicable ecious M page 49. In June 2019, Hecla announced that the Hollister mine would r P be placed on care and maintenance and it remained suspended through Hollister is a historic underground mine with past 2022. Exploration at Hollister has been focused on the definition of new production of approximately 425,000 ounces. exploration targets and Hecla remains committed to the exploration Franco-Nevada holds NSR royalties covering 28 km2 of the Hollister and definition of the Hatter Graben area. The Hatter Graben is expected project. Franco-Nevada holds a 3% NSR royalty on the Hillcrest Finley to provide the future growth at Hollister and is one of the key reasons River Block claims and a 5% NSR on the Hollister/Ivanhoe USX Claims. Hecla acquired Klondex. Underground exploration drilling at Hollister In addition to these NSR royalties, Franco-Nevada holds a 1-3% sliding commenced in Q4 2021 and drilling from a new decline confirmed scale NSR on all claims, which is subject to gold price and production multiple new vein zones at the Hatter Graben. Hecla advanced the Hatter thresholds and is capped at $3.5 million. Graben decline in the first half of 2022 before they encountered an influx of water. Hydrogeology work and additional permitting will be required to handle the discharge that will be needed. Exploration decline at Hatter Graben advanced in 2022 to allow further exploration 5% Hollister/Ivanhoe Hollister Project USX Claims 3% NSR Hillcrest Finley River Block N 1 mile Hollister Deposit USX Hatter Graben Pits Discovery Oregon Idaho Hollister Nevada Utah California Arizona Pacific Ocean MEXICO 50 Franco-Nevada Corporation TSX / NYSE: FNV

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