OR ROYALTIES INC.

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Abbreviations B: Buy, S: Sell, PP: Planned purchase, PS: Planned sale, O: Option / Other

Notification date	Transaction date	B/S Transaction type	Insider and/or position	Nb. shares Price Value	Number of shares	Price	Value	Details
2025-05-15	2025-05-15	S Sale	Spencer, Michael David Saynor Director or Senior Officer of Insider or Subsidiary of Issuer Executive Director	1,000 -12.3% 32.09 CAD 402,313	1,000 -12.3%	32.09	CAD 100,000
2025-05-15	2025-05-15	S Sale	Ruel, Frédéric Senior Officer of Issuer Officer	1,000 -14.8% 32.13 CAD 345,256	1,000 -14.8%	32.13	CAD 100,000
2025-05-15	2025-05-14	S Sale	Ruel, Frédéric Senior Officer of Issuer Officer	1,000 -10.4% 32.00 CAD 228,992	1,000 -10.4%	32.00	CAD 100,000
2025-05-15	2025-05-13	S Sale	Le Bel, André Senior Officer of Issuer Officer	1,000 -23.6% 31.84 CAD 911,651	1,000 -23.6%	31.84	CAD 100,000

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