Any and all use of this website and all information contained thereon is governed by our Copyright Agreement, Forward Looking Statements Disclaimer and Usage Agreement, as found below. By using this website, you consent and agree to the terms and conditions of both the Copyright Agreement and Usage Agreement.

Copyright Agreement

All materials published or otherwise accessible through our website (the "Website"), including, but not limited to, news articles, text, images, illustrations, audio clips, video clips, software and other materials (the "Content") are protected by copyright, and are owned or controlled by Gold Royalties Corporation, and any others which may own copyright or the party credited as the provider of the Content. All visitors shall abide by all additional copyright notices, information and restrictions contained in any Content accessed through the Website.

The Website is protected by copyright as a collective work and/or compilation, pursuant to Canadian copyright laws, international conventions, and other copyright laws. Any reproduction, modification, publication, transmission, transfer, sale, distribution, performance, display or exploitation of any of the Content or Website, whether in whole or in part, without the express written permission of Gold Royalties Corporation is prohibited.

Forward Looking Statements Disclaimer

This website contains certain forward-looking information and statements within the meaning of applicable securities laws. The use of any of the words "expect", "anticipate", "continue", "estimate", "objective", "ongoing", "may", "will", "project", "should", "believe", "plans", "intends", "confident", "might" and similar expressions are intended to identify forward-looking information or statements. In particular, but without limiting the foregoing, this website contains forward-looking information and statements pertaining to the expectations, beliefs, plans, goals, objectives, assumptions, information and statements about possible future events, conditions, results of operations or performance. Various assumptions were used in drawing the conclusions or making the projections contained in the forward-looking statements throughout this website.

The forward-looking information and statements included in this website are not guarantees of future performance and should not be unduly relied upon. Forward-looking statements are based on current expectations, estimates and projections that involve a number of risks and uncertainties, which could cause actual results to differ materially from those anticipated and described in the forward-looking statements. Such information and statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking information or statements.

Gold Royalties Corporation cautions that the foregoing list of assumptions, risks and uncertainties is not exhaustive. The forward-looking information and statements contained on the website speak only as of the date of this usage access, and the company assumes no obligation to publicly update or revise them to reflect new events or circumstances, except as may be required pursuant to applicable securities laws.

Usage Agreement

All materials published or otherwise accessible through our website (the "Website"), are for the user's own personal use. The user may not sell, copy publish, distribute, transfer, modify, display, reproduce and /or create any derivative works from the information or software on this Website. The user also may not redeliver any of the pages, text, images, or content of this Website using "framing" or similar technology. The contents of this Website have been prepared based upon sources, materials and systems believed to be reliable and accurate, and are provided to you on an as is basis. Images and pictures used on this website are for example purposes only and do not necessarily represent pictures of projects on which Gold Royalties Corporation holds a royalty.

To the best of the knowledge, information and belief of Gold Royalties Corporation the information and statements contained within this Website are in accordance with the facts are true and not misleading and do not omit anything likely to affect the import of such information and statements. However, Gold Royalties Corporation, its associates and agents do not accept any liability for any losses arising from any action or decision taken because of information on this Website.

The information within this Website is provided free of charge. By proceeding you agree that Gold Royalties Corporation, its agents and associations or any other relevant third parties, will not be liable for any loss or damages (including direct, special direct or consequential losses or damages) howsoever arising (including, without limitation, negligence) from any use of or reliance on any of the information contained in this Website.

Where links are provided from this Website to other external Internet sites no responsibility is taken by Gold Royalties Corporation nor its associates for the content of those external Internet sites.

We reserve the right to modify these terms and conditions by posting revised agreements on this page.

Last updated: September 16, 2012