NOVA COMPLETES ACQUISITION OF ROYALTY ON NEWMONT'S SADDLE NORTH DEPOSIT IN BRITISH COLUMBIA

TSXV: NOVR
OTCQB: NOVRF

(All dollar amounts are in United States Dollars unless otherwise indicated)

VANCOUVER, BC, July 13, 2023 /CNW/ - Nova Royalty Corp. ("Nova" or the "Company") (TSXV:NOVR.VN) (OTC-BB:NOVRF) is pleased to announce that, further to its news release dated June 29, 2023, the Company has completed its acquisition of an existing 0.25% net smelter return ("NSR") royalty (the "Royalty"), on the Tatogga Property ("Tatogga"), which contains the Saddle North copper-gold-silver deposit ("Saddle North") located in British Columbia, Canada, owned by Newmont Corporation ("Newmont") (NYSE:NEM) (TSX:NGT.TO). Nova has also been granted a Right of First Refusal (the "ROFR") with respect to an additional 0.25% NSR royalty owned by the Seller covering the same area as the Royalty (collectively, the "Transaction").