RNP Royalty North Partners Ltd

NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. WIRE SERVICES

Royalty North Partners Ltd. (TSXV:RNP) (“RNP” or the “Company”) is pleased to announce that the Company has entered into a loan modification agreement (the “Modification Agreement”) with Advance Wire Products Ltd. (“AWP”) allowing AWP to make an early prepayment of $900,000 towards the principal amount of the loan entered into with RNP on September 11, 2017. AWP has agreed to pay an early payment fee of $90,000 to RNP.

Under the terms of the Modification Agreement, the new principal outstanding under the loan is $5,900,000 (the “Loan”). The Loan will be repaid by way of monthly loan payments equal to a minimum annual loan payment (the “Fixed Payment”) plus a percentage of the gross sales (the “Variable Payment”) of AWP. The Fixed Payment is $354,000 and the Variable Payment will be 3.77% of gross sales.

The proceeds from the early prepayment have been received by the Company and have been used to reduce the Company’s indebtedness.

On behalf of the Company,“Justin Currie”Chief Executive Officer and Director

About Royalty North Partners Ltd.

Royalty North Partners is a Vancouver, BC based, TSXV-listed (RNP) company focused on creating a diversified portfolio of cash flowing royalties by providing financing to private businesses operating in the “mid-market”. RNP is led by a seasoned board and management team with a successful track record of experience in royalty financing, capital market transactions and private company operations. RNP is targeting royalty investments in companies with stable cash flows in non-resource based sectors looking for growth/acquisition capital, recapitalization or succession liquidity.

This press release does not constitute an offer to purchase securities. The securities offered in the Offering have not been and will not be registered under the United States Securities Act of 1933, as amended, or any state securities laws and may not be offered or sold in the United States or to, or for the benefit or account of, a U.S. person, except pursuant to an available exemption from such registration requirements.

Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Note Regarding Forward-Looking Statements

Except for the statements of historical fact contained herein, the information presented constitutes "forward looking statements" within the meaning of certain securities laws, and is subject to important risks, uncertainties and assumptions. The words "may", "could", "should", "would", "suspect", "outlook", "believe", "anticipate", "estimate", "expect", "intend", "plan", "target" and similar words and expressions are used to identify forward-looking information. The forward-looking information in this news release describes the Company's expectations as of the date of this news release and accordingly, is subject to change after such date. Readers should not place undue importance on forward-looking information and should not rely upon this information as of any other date. These 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 statements, including the risks, uncertainties and other factors identified in the Company’s periodic filings with Canadian securities regulators. While the Company may elect to, it does not undertake to update this information at any particular time except as required by law. RNP does not provide any representation as to its comparability with other companies in similar industries including, but not limited to, Alaris Royalty Corp., Diversified Royalty Corp., Founders Advantage Capital Corp., Sandstorm Gold Ltd., and Franco-Nevada Corporation.

For more information, please contact:

Chris Buss, Chief Investment Officer and Director 
Royalty North Partners Ltd.
Phone: (604) 628-1101
www.royaltynorth.com