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Mar 24, 2026 8:10 AM

SOURCE ROCK ROYALTIES ANNOUNCES 2025 ANNUAL & FOURTH QUARTER ROYALTY PRODUCTION & REVENUE AND SALE OF CROWN MINERAL LEASES

/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE U.S./

CALGARY, AB, March 24, 2026 /CNW/ -- Source Rock Royalties Ltd. ("Source Rock") (TSXV:SRR), a pure-play oil and gas royalty company with an established portfolio of oil royalties and Crown mineral leases, announces unaudited(1) operational and financial highlights for fiscal 2025 and the fourth quarter of 2025 ("Q4 2025"), and the sale of certain Crown mineral leases for cash proceeds and a gross overriding royalty ("GORR").

Unaudited(1) annual results for fiscal 2025 were:

Royalty Production - 230 boe/d (92% oil & NGLs), a decrease of 8% compared to 2024.

Royalty Revenue - $6.03 million, a decrease of 22% compared to 2024.

Unaudited(1) results for Q4 2025 were:

Royalty Production - 226 boe/d (91% oil & NGLs), a decrease of 12% compared to Q4 2024.

Royalty Revenue - $1.33 million, a decrease of 29% compared to Q4 2024.

Audited annual and Q4 2025 financial statements and management's discussion and analysis, as well as oil and gas reserves information as of December 31, 2025, will be filed on SEDAR+ (www.sedarplus.ca) and announced by news release on or before April 30, 2026.

Sale of Crown Mineral Leases

Source Rock also announces the sale of two sections of oil sands leases in Alberta (the "Lands") to a top-tier intermediate operator with industry leading expertise in drilling multi-lateral heavy oil wells.

Source Rock acquired its 50% interest in the Lands for $110,000. Pursuant to the sale of the Lands, Source Rock has received $225,000 for its interest and has retained a 1.75% GORR in 100% of production from the Lands.

Following the sale of the Lands and including the recent acquisition of an additional three sections of oil sands leases, Source Rock continues to own a 50% interest in 32 sections (20,480 acres) of oil sands and petroleum and natural gas leases in Alberta.

President's Message

2025 was another strong year for Source Rock as a result of ...

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