Royalty North Announces Grant of Incentive Stock Options

Vancouver, British Columbia--(Newsfile Corp. - May 15, 2018) - Royalty North Partners Ltd. (TSXV: RNP) ("RNP" or the "Company") announces that it has granted 464,000 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$0.10 per share for a term of five years (5) expiring on May 15, 2023.

Nolan Watson, the Company's Chairman commented: "In an effort to reduce the Company's outgoing cash flows to a minimum, the officers of RNP have agreed to cash compensation reductions in return for stock-based compensation. Such reductions in cash compensation allow RNP to maximize cashflows from operations and expedite the repayment of debt.".

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

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