Royalty North Announces Grant of Incentive Stock Options and Restricted Share Rights

Vancouver, British Columbia--(Newsfile Corp. - February 27, 2020) - Royalty North Partners Ltd. (TSXV: RNP) ("RNP" or the "Company") announces that it has granted 167,260 incentive stock options to certain officers of the Company pursuant to the Company's Stock Option Plan. The Options are exercisable at a price of C$0.25 per share for a term of five years (5) expiring on February 26, 2025.

In addition, pursuant to the Company's Restricted Share Plan (the "Restricted Share Plan") adopted in June 2017, a total of 32,740 Restricted Share Rights ("Restricted Share Rights") were awarded to certain senior officers of the Company on February 26, 2020. The Restricted Share Rights will fully vest over a two (2) year period from the date of award.

On behalf of the Company,

"Justin Currie"
Chief Executive Officer and Director

About Royalty North Partners Ltd.

Royalty North Partners is a Vancouver, BC based, TSXV-listed (RNP) company which has, to date, focused on creating a diversified portfolio of cash flowing royalties by providing financing to private businesses with gross revenues in excess of $10 million. RNP has typically invested in companies with stable cash flows in non-resource-based sectors looking for growth/acquisition capital, recapitalization or succession liquidity. In return for the investment, RNP has typically received as consideration a percentage of the future gross sales.

For more information, please contact:

Victoria McMillan, Chief Financial Officer
Royalty North Partners Ltd.
Phone: (604) 628-1033
www.royaltynorth.com

Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.

NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. WIRE SERVICES

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