Royal Gold Mining Inc. to Change Its Name to AuQ Gold Mining Inc. and Symbol to AUQ

Vancouver, BC – TheNewswire – October 30, 2020 – Royal Gold Mining Inc. (TSXV:ROYAL) (PINK:NSVLF) (the "Company") is pleased to announce that its Board of Directors has approved a new name of "AuQ Gold Mining Inc." for the Company. The new name is symbolic of the Company’s endeavours in gold mining exploration. "Au" represents the symbol for the chemical element Gold. The "Q" in the new name represents the pride the Company has in conducting exploration in the Province of Quebec. The new name will be effective on Wednesday Nember 4, 2020 and the shares of the Company will trade under the symbol of AUQ.

No actions are required to be taken by shareholders.

Contact Person: Mr. Glen Macdonald, P.Geo.

Telephone: (604)719-8129

Email: geoglen@shaw.ca

ON BEHALF OF THE BOARD

(signed) "Glen Macdonald"

Glen Macdonald Chief Executive Officer and Director

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

This news release may contain forward-looking statements that are based on Royal Gold Mining Inc.’s expectations, estimates and projections regarding its business and the economic environment in which it operates. These statements are not guarantees of future performance and involve risks and uncertainties that are difficult to control or predict. Therefore, actual outcomes and results may differ materially from those expressed in these forward-looking statements and readers should not place undue reliance on such statements. Statements speak only as of the date on which they are made, and Royal Gold Mining Inc. undertakes no obligation to update them publicly to reflect new information or the occurrence of future events or circumstances, unless otherwise required to do so by law.

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