OROGEN ROYALTIES INC - OGNRF STOCK NEWS

Orogen Royalties Inc. has signed a purchase agreement with Strikepoint Gold Inc. to sell its Cuprite gold project in Nevada for a total of approximately $450,000. Strikepoint will issue 6,428,571 shares, reimburse $35,208 in project costs, and grant a 3% net smelter return (NSR) royalty. The sale proceeds will be equally split between Orogen and its partner, Altius Minerals Corporation, each receiving 3,214,285 shares and a 1.5% NSR. The Cuprite project is considered a district-scale opportunity with significant geological potential, similar to AngloGold Ashanti's Silicon project.

Orogen Royalties Inc. has acquired the Celts epithermal gold-silver project located in the Walker Lane, Nevada. The project features untapped potential for epithermal gold mineralization based on evidence suggesting advanced argillic alteration indicative of boiling zones. This strategic acquisition highlights surface expressions similar to AngloGold's Silicon deposit, which contains 3.37 million ounces of gold. The Celts project comprises 560 hectares and is located on BLM-managed ground, with significant exploration potential.

Orogen Royalties (TSXV: OGN, OTCQX: OGNRF) announced its Q3 2022 results, highlighting a net gain of $123,461 or $0.001 per share, a significant improvement from a net loss of $972,294 in 2021. The company's revenue from royalties, primarily from the Ermitaño mine, surged by 39%, with sales of 478 gold equivalent ounces at an average price of US$1,728 per ounce. Despite general and administrative expenses rising to $802,149, Orogen maintains a strong working capital position of $10,743,487, reflecting its ongoing financial stability.

Orogen Royalties Inc. signed an option agreement with Nevada Gold Mines LLC to allow NGM to earn a 100% interest in the Maggie Creek gold project in Nevada by making cash payments of US$5 million and incurring US$6 million in exploration expenses over five years. Orogen retains a 2% net smelter return (NSR) royalty. Additionally, Orogen acquired a 3% NSR on the Hank copper-gold project in British Columbia, which includes a potential US$2.5 million milestone payment. The strategic acquisitions are expected to enhance Orogen's royalty portfolio.

Orogen Royalties Inc. has announced the successful voting results of its Annual General and Special Meeting held on October 27, 2022. A total of 56,588,746 shares were voted, equating to 31.66% of total shares. Key resolutions included the appointment of new directors, with votes for each exceeding 99%. Additionally, Samantha Shorter has joined the Board, bringing over 15 years of experience in mineral exploration. Orogen continues to focus on royalty creation and acquisitions in Western North America.

Orogen Royalties has entered an option agreement with Barrick Gold for the Pearl String gold project in Nevada. Barrick can earn a 100% interest by paying US$1.5 million and incurring US$4 million in exploration expenses over five years. A minimum of US$800,000 must be spent by the second anniversary. Upon exercising the option, Orogen retains a 2% net smelter return royalty. The Pearl String project spans 16.6 square kilometers and is designed for high-sulfidation epithermal gold deposits.

Orogen Royalties Inc. has closed a deal with Green Light Metals Inc. to sell the Kalium Canyon Gold Project for $30,000 cash and 1,000,000 shares valued at $400,000. Orogen retains a 3% net smelter return (NSR) royalty and a potential $5 million payment upon commercial production. The project includes significant mineralized structures with historic drilling results showcasing promising gold grades. The acquisition strengthens Orogen's royalty portfolio and maintains potential upside through future mineral production.

Orogen Royalties Inc. has signed an option agreement with Rackla Metals Inc. for the Astro gold project in Northwest Territories, Canada. The agreement allows Rackla to earn a 100% interest by issuing 120,000 shares, spending $250,000 on exploration, and making cash or share payments totaling $382,000 within 12 months. After acquisition, Orogen will maintain a 2.5% net smelter return royalty. The Astro project spans 288 square kilometers and shows promising gold mineralization, with surface sampling returning results up to 17.7 grams per tonne gold. This partnership aims to advance exploration efforts on the project.

Orogen Royalties Inc. has announced a new generative exploration alliance with Altius Minerals Corporation, aiming to identify gold and silver targets similar to the recently discovered Silicon deposit in Nevada. The alliance boasts a budget of US$300,000 for field evaluation and project acquisition, funded by Altius. The first disclosed project is the Cuprite epithermal gold project, located 80 kilometers from Silicon, covering a 2,170-hectare area. The two companies will share costs and proceeds evenly from designated projects, focusing on leveraging combined expertise to enhance exploration efforts.