FRANCO-NEVADA CORPORATION 115 THE GOLD INVESTMENT THAT WORKS DIVERSIFIED ASSETS RESERVES AND RESOURCES ADDITIONAL INFORMATION Diversified Assets – Exploration MINING EXPLORATION ASSETS Diversified - Iron Ore and Other Mining Continued DIVERSIFIED – IRON ORE & OTHER MINING Asset Operator Interest and % 1 Canada Carruthers , British Columbia Cariboo Rose Resources Ltd. 2.5% NSR (All Minerals) (buy-back option on 1.5%) Trout Lake (MAX Moly Mine), British Columbia Cameo Industries Corp. 2.5% NSR (All Minerals) Golden Ridge , New Brunswick Darryl Leblanc 2% NSR (All Minerals) Buchans , Newfoundland & Labrador Buchans Resources Limited (Buchans Minerals Corporation) 2% NSR (All Minerals) (buy-back option on 1%) LabMag (Taconite), Newfoundland & Labrador Abaxx Technologies 1.666% GR (Iron Ore-Taconite) Mary March , Newfoundland & Labrador Canstar Resources Inc. 1% NSR plus other (All Minerals) Mazenod , NWT BFR Copper & Gold Inc. 2% NSR (All Minerals) (buy-back option on 1%) Redstone (Coates Lake), NWT Copper North Mining Corp. (Redbed Resources Corp.) 3-4% NSR (Cu, Ag) Bull Lake , Ontario Wyloo Metals Pty Ltd. (Noront Muketei Minerals Ltd.) 2% NSR (All Minerals) Butler and Sanderson (Diagnos), Ontario MacDonald Mines Exploration Ltd. ROFR on Diagnos Royalty (Diamonds/Base Metals) Cline Lake , Ontario Alamos Gold Inc. 0.75% NSR (All Minerals) Diagnos , Ontario Debut Diamonds Inc. 2% NSR (All Minerals) Eagle’s Nest , Ontario Wyloo Metals Pty Ltd. 1% GR (All Minerals) Folson Lake , Ontario Wyloo Metals Pty Ltd. (Noront Muketei Minerals Ltd.) 2% NSR (All Minerals) Kyle , Ontario Renforth Resources Inc. 2% NSR (All Minerals) MacFadyen & Pele , Ontario Wyloo Metals Pty Ltd. (Noront Muketei Minerals Ltd.) 2% NSR (All Minerals) Ring of Fire (Black Thor), Ontario Wyloo Metals Pty Ltd. (Noront Muketei Minerals Ltd.) 2-3% NSR (Cr, Ni, Cu) Ring of Fire (Original Noront Properties), Ontario Wyloo Metals Pty Ltd. (Noront Muketei Minerals Ltd.) 2% GR (Cr) plus other Sungold , Ontario Interbanc Capital Corp. 2% NSR (All Minerals) Timmins (Project 81-Crawford), Ontario Canada Nickel Company Inc. 2% NSR (All Minerals) Benoist , Quebec Cartier Resources Inc. 1% NSR (All Minerals) (buy-back option on 0.5%) Dalhousie , Quebec Wyloo Metals Pty Ltd. (Noront Muketei Minerals Ltd.) 2% NSR (All Minerals) Matagami JV , Quebec Glencore Canada Corporation 2% NSR (All Minerals) Matagami PD1 , Quebec Glencore Canada Corporation Net Carried Interest plus other (All Minerals) Crawford Lake , Saskatchewan Denison Mines Corp. 2% NSR (All Minerals) (buy-back option on 1%) Australia Mt Fitch , Northern Territory Northern Territories Resources Pty Ltd. 1-3% NSR (Cu, Pb, Zn, Co, Ni, U) Bowen Basin (Various), Queensland (32 assets) Peabody Energy Corp/Pembroke Resources South Pty Ltd. Production Payment (Coal) Millmerran (Power Station), Queensland Millmerran Power Partnership 8.3125% NPI of cashflow; NPV threshold (Coal) Peculiar Knob , S. Australia GFG Alliance Production Payment (Fe) Third Plain , S. Australia Perilya Limited/Minotaur Exploration Ltd. 0.5% NSR (Zn) Moina , Tasmania Geotech International Pty Ltd. A$125K lump sum at commencement of mining Rosebery Extension , Tasmania MMG Limited 2.6305% (Au, Ag, Other Minerals) Agnew (Miranda Nickel), W. Australia Gold Fields Limited 0.5% of production (Ni) Agnew (Miranda Nickel No2), W. Australia Ramelius Resources Limited 0.5% of production (Ni) Camelback , W. Australia GME Resources Limited $0.50/tonne (Ni) FMG Hamersley , W. Australia Fortescue Metals Group Ltd. $0.05/tonne; capped at A$1M (Fe) Heather Bore/Mount Clifford , W. Australia Independence Group NL 1-2% NSR (Cu, Zn, Other Metals) Mt Newman-Victory , W. Australia St Barbara Limited/Astro Resources NL 0.07% GR (All Minerals) South Kalgoorlie (Location 48), W. Australia BHP Billiton Limited 1-1.75% NSR (Au, Ag, Other Minerals) Rest of World NPI , Philippines Nickel Asia Corporation Production Payment; capped at $10M Rogozna (KMC), Serbia Ibaera Capital Advisers Pty Ltd. 1.5-2% NSR (Au, Base and Other Metals) Kasese , Uganda Scully Royalty Ltd. 10% of free cash flow; capped at $10M (Co) 1 Royalty terms have been simplified for presentation purposes. Different terms may apply to certain portions of properties or by commodity. Some royalties may have sliding scales tied to commodity price. Others may include participation in sale proceeds of property or gross sales.