Ownership

3% State net income production on all claims

100% Ownership of Stellar Project

Altius Royalty on core Stellar claim blocks:

Millrock 1% NSR on all claim blocks within Area of Influence (AOI) for all metals

Advanced royalty payment to Millrock from March 2019, US$20k in year 1, escalates by US$5k per annum, deductible from royalty payments,

Cash payment milestones to Millrock:

$1M on delineation of 1Moz gold in JORC-Indicated Resource at Zackly
US$2M on delineation of 1Mt contained copper metal (or equiv.) in JORC-Indicated resource anywhere on the property

Earning 80% project interest in Caribou Dome and SV Metals Claims and 90% of the Hatcher Claims

Earn-in achieved upon earlier of Feasibility Completion or
spending US$9M by 2023
Minimum spend of US$2M every 3 years
Annual payments of US$100k until 2022
US$1.36M final cash payment in 2023
5% NSR, purchasable for US$1M per 1%