0.4% Copper Equivalent 1.0% Copper Equivalent Royalty Claim Area 0.1% Copper Equivalent Pacifc Ocean Bolivia Peru Brazil Colombia Cascabel Equador Alpala Rocafuerte Alpala Camp Tandayama America Frontier Transverse Hwy Aguinaga Site Offce 1% NSR Cascabel (Alpala) 1% NSR kilometer 1 0 N Alpala Cross Section - Looking West Alpala Upper Zone S High-grade core Alpala Northwest Alpala Deeps 3Bt M&I 10.7 Mt Cu @ 0.35% 26.8 Moz Au @ 0.28glt 91.3 Moz Ag @ 0.94glt 540 Mt Reserves 3.2 Mt Cu @ 0.6% 9.4 Moz Au @ 0.54glt 28 Moz Ag @ 1.6glt N >0.70% Cu Eq >1.50% Cu Eq >0.15% Cu Eq +1500 m +1250 m +1000 m +750 m +500 m +250 m 0 m -250 m -500 m -750 m +1500 m +1250 m +1000 m +750 m +500 m +250 m 0 m -250 m -500 m -750 m Franco-Nevada Corporation ★ 31 TSX / NYSE: FNV South America Additional Information Mineral Resources and Mineral Reserves Diversified Assets