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Toronto, Ontario May 29, 2024 - Royal Road Minerals Limited (TSXV: RYR) ("Royal Road" or the "Company") is pleased to provide an update on its exploration activities at the Jabal Sahabiyah project in the Kingdom of Saudi Arabia. Underlying rights to Jabal Sahabiyah are held by Royal Road Arabia (“RRA”). Royal Road Arabia is a Saudi Arabian joint-venture company owned on a 50-50% partnership basis by Royal Road and MIDU Company Limited (MIDU Company Limited “MIDU” is a part-owned Saudi Arabian subsidiary of MSB Holding Limited “MSB”; see Press Release June 1st, 2023. On May 7th MSB transferred its share ownership and its underlying rights and obligations under the Joint Venture Shareholder Agreement to MIDU).

Jabal Sahabiyah-Copper-Gold-Polymetallic Project

The Jabal Sahabiyah Exploration tender consisting of three contiguous Exploration Licenses was awarded to RRA as Preferred Bidder in a competitive Licensing Round in January of this year (see Press Release January 15, 2024). The license areas are approximately 284 square kilometers in areal extent and located in Asir Province of the Kingdom of Saudi Arabia within the prospective Nabitah-Tathlith belt (see Figure 1).

Initial detailed field work at Jabal Sahabiyah has focused on two exposed polymetallic gossans, Jabal Muwayqirah and Hanash North (see Figures 2 and 3). Both gossans were originally identified by Riofinex (a subsidiary of Rio Tinto Zinc) in the 1970’s and were assessed principally for their potential to host zinc mineralization. Riofinex completed geological mapping, soil sampling and limited shallow open hole percussion drilling on the gossans (see Figures 2 and 3). Geochemical analyses were conducted on-site and were limited to zinc, copper, lead and silver.

Recent field work by RRA has constrained mineralization to shallow-dipping, skarn-style zones of unknown overall thickness or repetition that have been refolded by (F2 or F3 generation) shallow-dipping, shallow-plunging, isoclinal folds (Figures 2 and 3). The result is variably exposed repetitions of “ribbon-style” mineralized bodies with potential for significant lateral extent and near-surface potential. Furthermore, reconnaissance rock-chip samples collected by RRA have returned higher copper and significant gold results (not historically analyzed) from Jabal Muwayqirah including up to 5.0% copper (Mean 1.1%, minimum 0.2% copper), and 7.5 grams per tonne gold (Mean 2.6 and minimum 0.5 grams per tonne gold). At the Hanash North target where rock-chip and soil sampling is currently underway, the fold geometry is interpreted to have repeated mineralization, exposing it again at the southwestern gossan area (see Figure 3) and concealing it under shallow cover towards the east.

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