EXPO UNGAVA / NUNAVIK

Canadian Royalties Inc. has made application to the Ministère des Ressources naturelles et Faune («MRNF») to effect the transfer of an additional 10% interest in the Expo-Ungava property from Ungava Minerals Exploration Inc. to Canadian Royalties.

Announced additional results from Endah showing at Kehoe, where Hole KH-08-21 intersected 11.50m of predominantly net-textured mineralization that ran 0.80% Ni, 0.94% Cu, 1.03 g/t Pt and 2.14 g/t Pd, including 2.90m of high-grade sulphides that averaged 1.96% Ni, 1.30% Cu, 1.69 g/t Pt and 2.62 g/t Pd. Thick intervals of disseminated to net-textured mineralization were also cut in drillhole KH-08-27, which intersected 19.95m grading 0.54% Ni, 0.75% Cu, 0.44 g/t Pt and 1.99 g/t Pd of which 8.90m graded 0.61% Ni, 0.90% Cu, 0.52 g/t Pt and 2.55 g/t Pd. Updated results are also reported for 8 additional holes.

Reported the discovery of a new zone of mineralization on the Cominga grid. Mineralization at “Cominga East” was discovered by diamond drilling a 200 x 300 metre Maxwell conductive plate model derived from data obtained from a recently completed SQUID time-domain EM survey. Highlights of the program include high-grade mineralization intersected in hole CMG-08-33, which ran 1.44% Ni, 1.95% Cu, 0.39 g/t Pt, and 1.43 g/t Pd over 1.90 metres.