Company Announcements

20 September 2022

Trident Royalties Plc

("Trident" or the "Company")

Appointment of Chief Financial Officer

Trident Royalties Plc (AIM: TRR), the diversified mining royalty company, is pleased to announce the appointment of Richard John Hughes as an executive director and as Chief Financial Officer ("CFO") with effect from 20 September 2022. Richard succeeds Martin Page who will step down with effect from the same date.

Richard Hughes has over 15 years of experience in the natural resources sector. In 2019, he founded an independent consultancy providing corporate finance advisory services to both mining and royalty finance companies. Prior to this he was a senior member of the Metals and Mining Investment Banking team at RBC Capital Markets based in London from 2010 to 2018. Richard began his career at CIBC, where he was a member of the Global Mining Group.

Richard, aged 39, is also currently a Director of Cana Advisory Limited.

Richard, together with his wife, holds 125,000 Trident ordinary shares of £0.01 each, representing 0.04 per cent. of the Company's voting rights. In addition, Richard Hughes has been granted options over 1,600,000 Trident ordinary shares of £0.01 ("Share Options") with an exercise price of 50p per share (less any dividends paid from grant until exercise) under the current long-term incentive plan.

The award of Share Options is being issued subject to the following vesting conditions:

* Target share price is the volume weighted average price (less any dividends paid from grant until exercise) for a measurement period of 365 consecutive days prior to exercise. The Share Options will lapse after the 7th anniversary of the date of grant.

There is no further information required to be disclosed pursuant to Schedule 2 paragraph (g) to the AIM Rules for Companies.

Paul Smith, Non-Executive Chairman of Trident, commented:

"I am delighted to welcome Richard to the management team and look forward to working closely with him to continue to execute on our growth strategy. I would also like to thank Martin for his service to the Company, playing a key role in Trident's progress to date. Trident has grown rapidly since its inception - both with regards to assets within the portfolio, as well as providing significant shareholder returns - and I view it as testament to our strategy and ability to execute that we've attracted someone of Richard's calibre."

The information below has been provided in accordance with Article 5(1)(b) of the Market Abuse Regulation (EU) No 596/2014 which is part of UK law by virtue of the European Union (Withdrawal) Act 2018.

Notification of Transactions of Persons Discharging Managerial Responsibility and Persons Closely Associated with them

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About Trident

Trident is a growth-focused diversified mining royalty and streaming company, providing investors with exposure to a mix of base battery, precious, and bulk metals.

Key highlights of Trident's strategy include:

The acquisition and aggregation of individual royalties and streams is expected to deliver strong returns for shareholders as assets are acquired on terms reflective of single asset risk compared with the lower risk profile of a diversified, larger scale portfolio. Further value is expected to be delivered by the introduction of conservative levels of leverage through debt. Once scale has been achieved, strong cash generation is expected to support an attractive dividend policy, providing investors with a desirable mix of inflation protection, growth and income.

Forward-looking Statements

This news release contains forward‐looking information. The statements are based on reasonable assumptions and expectations of management and Trident provides no assurance that actual events will meet management's expectations. In certain cases, forward‐looking information may be identified by such terms as "anticipates", "believes", "could", "estimates", "expects", "may", "shall", "will", or "would". Although Trident believes the expectations expressed in such forward‐looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those projected. Mining exploration and development is an inherently risky business. In addition, factors that could cause actual events to differ materially from the forward-looking information stated herein include any factors which affect decisions to pursue mineral exploration on the relevant property and the ultimate exercise of option rights, which may include changes in market conditions, changes in metal prices, general economic and political conditions, environmental risks, and community and non-governmental actions. Such factors will also affect whether Trident will ultimately receive the benefits anticipated pursuant to relevant agreements. This list is not exhaustive of the factors that may affect any of the forward‐looking statements. These and other factors should be considered carefully and readers should not place undue reliance on forward-looking information.

Third Party Information

As a royalty and streaming company, Trident often has limited, if any, access to non-public scientific and technical information in respect of the properties underlying its portfolio of royalties and investments, or such information is subject to confidentiality provisions. As such, in preparing this announcement, the Company often largely relies upon information provided by or the public disclosures of the owners and operators of the properties underlying its portfolio of royalties, as available at the date of this announcement.