Summit Royalties Announces Agreement to Acquire Royalty on Newmont's Saddle North Deposit

TORONTO, March 12, 2026 (GLOBE NEWSWIRE) -- Summit Royalties Ltd. (TSXV: SUM, OTCQB: SUMMF) (the "Corporation" or "Summit") is pleased to announce that it has entered into an agreement to acquire a 1.0% net smelter return ("NSR") royalty on the Saddle North deposit ("Saddle North") owned by Newmont Corporation ("Newmont") for consideration of C$5 million paid in shares of Summit ("Common Shares"). The acquisition is subject to conditions precedent which are customary for a transaction of this nature. Subject to satisfaction of conditions precedents, Summit expects to complete the acquisition in the near future.