Terms of Use

Please read these terms of use carefully before using this website. By using this website, you acknowledge that you have read and understand these terms and that you agree to be bound by them.

This page sets forth the terms for your use of the website operated by Lithium Royalty Corp. (“LRC”, “we”, “us” or “our”) at www.lithiumroyaltycorp.com (our “website”). We reserve the right to change these terms at any time. Any changes will be effective immediately upon posting to our website. Your continued use of our website after the posting of revised terms will be deemed to constitute acceptance of the revised terms.

Our Website is Provided Only For General Information Purposes

We invite you to view and use our website for your informational purposes. The information presented on or through our website is made available solely for general information purposes and includes information that is summarized from LRC's public disclosures. The information on this website is not intended to modify, qualify, supplement or amend information disclosed under corporate and securities legislation of any jurisdiction applicable to LRC and should not be used for the purpose of making investment decisions concerning LRC securities. Visitors to this website are cautioned that they should review LRC's full public disclosure record at www.sedar.com for details regarding LRC's business and operations.

This website is not intended as a solicitation or offering of securities in any jurisdiction and the information contained herein in no way should be construed or interpreted as such. No securities commission or other regulatory authority in Canada or any other country or jurisdiction has in any way passed upon this information and no representation or warranty is made by LRC to that effect. No information included on this website shall be deemed to be incorporated by reference into any of LRC's regulatory filings, unless expressly indicated in any such filings. In addition, no information shall be incorporated by reference into this website, unless otherwise specified.

Disclosure of Mineral Reserves and Mineral Resources

Further information on mineral reserves and mineral resources related to LRC is available in LRC's Annual Information Form and in LRC's other continuous disclosure documents available on SEDAR at www.sedar.com. LRC's mineral reserves and mineral resources are subject to the qualifications and notes set out in those continuous disclosure documents. Mineral resources which are not mineral reserves do not have demonstrated economic viability.

The information contained herein has been prepared in accordance with the requirements of the securities laws in effect in Canada. The terms “mineral reserve”, “proven mineral reserve” and “probable mineral reserve” are Canadian mining terms defined in accordance with Canadian National Instrument 43-101 — Standards of Disclosure for Mineral Projects (“NI 43-101”) and the Canadian Institute of Mining, Metallurgy and Petroleum (the “CIM”) — CIM Definition Standards on Mineral Resources and Mineral Reserves, adopted by the CIM Council, as amended (the “CIM Standards”). These requirements specify that each category of mineral reserves and mineral resources be reported separately.

The requirements for mineral disclosure under Canadian securities laws differ from the requirements of United States securities laws. This website may use the terms “measured”, “indicated” and “inferred” resources. United States investors are advised that while such terms are recognized and required by Canadian regulations, the United States Securities and Exchange Commission does not recognize them. “Inferred mineral resources” have a great amount of uncertainty as to their existence, and as to their economic and legal feasibility. It cannot be assumed that all or any part of an inferred mineral resource will ever be upgraded to a higher category. Under Canadian rules, estimates of inferred mineral resources may not form the basis of feasibility or other economic studies. All investors (including United States investors) are cautioned not to assume that all or any part of measured or indicated mineral resources will ever be converted into mineral reserves. Similarly, all investors (including United States investors) are also cautioned not to assume that all or any part of an inferred mineral resource exists, or is economically or legally mineable.

Not Responsible for Links to Third‐Party Websites

LRC may provide links on this website to third party websites. These links are provided for your convenience only and by selecting a link, you will be transferred to a website that is not affiliated with, or under the ownership or control of, LRC. We are not responsible or liable for the operation, content or policies of any third-party website to which you link through to, and we do not endorse, control, supervise or review the policies or content of those third-party websites. We have not independently verified the information on those websites and the inclusion of any links does not imply endorsement of those websites by us or any other association. We disclaim all liability with respect to linked websites, including but not limited to your access to or use of the same. You should address any concerns or questions you may have regarding any of those websites to the site administrator of that website.

Social Media Cautionary Note

Information disclosed on LRC's social media channels, including LinkedIn and Twitter, will not constitute or contain disclosure of all material information necessary for an investor in LRC. Reference should be made to LRC's public disclosure. Additional information related to LRC, including our Annual Information Form, is available on SEDAR at www.sedar.com. These documents contain descriptions of certain of LRC's royalty assets, as well as a description of risk factors affecting LRC.

The posting and presence of content on social media platforms does not necessarily mean that LRC or its affiliates agree with the content, ensure its accuracy or otherwise approve of it. Nothing on any social media platform page relating to third parties constitutes an endorsement on the part of LRC or its affiliates. Neither LRC nor any of its affiliates assume liability for any information that may be set out on any third-party Internet site or social media platform.

Intellectual Property Rights

This website and its contents, features, and functionality (including, but not limited to all information, text, photographs, images, video and audio, HTML, javascripts, color schemes, multimedia, logos, copywriting, and the design, selection, and arrangement thereof) are owned by LRC, our licensors, or other providers of the material and are protected by applicable intellectual property or proprietary rights laws. Other materials on this website not originally produced by us (including some audio, video and trademarks) are copyrighted by their respective creators/owners and appear here either by permission, example or as public domain reference material.

Except as otherwise provided in these terms or with our express written permission, you are prohibited from taking any of the following actions:

• Modifying, reproducing, republishing, or redistributing for any purpose copies of any materials from our website;

• Using any illustrations, photographs, video or audio sequences, or any graphics separately from the accompanying text; and

• Deleting or altering any copyright, trademark, or other proprietary rights notices from copies of materials from our website

If you print, copy, modify, download, or otherwise use any part of our website in breach of these terms, your right to use our website will stop immediately, and you must, at our option, return or destroy any copies of materials you have made. No right, title, or interest in or to our website or any content on our website is transferred to you. All rights not expressly granted in these terms are reserved by us.

The name Lithium Royalty, our logo and other designs are trademarks of Lithium Royalty Corp. in Canada, the United States and certain other jurisdictions. You must not use any of these marks without our prior written permission. All other names, logos, product and service names, designs, and slogans on our website are the trademarks of their respective owners.

Compliance with Laws

You agree to comply with all laws, rules, and regulations applicable to your use of our website. Any use of our website not expressly permitted by these terms is a breach of these terms; may violate copyright, trademark, and other laws; and may subject you to a claim by us for breach and associated damages.

Disclaimer of Warranties

Any reliance you place on this information is strictly at your own risk. We disclaim all liability and responsibility arising from any reliance placed on these materials by you or any other visitor to our website or by anyone who may be informed of any of its contents.

Our website and all materials, information, and software included in or available through our website are provided “as‐is” and “as‐available” for your use. Our website and all materials, information, and software included in or available through our website are provided without warranty of any kind, either express or implied, including, but not limited to, implied warranties of merchantability, fitness for a particular purpose, or non-infringement. We do not warrant that the materials, information, or software included in or available through our website are accurate, reliable, or correct; that our website will be available at any particular time or location; that any defects or errors will be corrected; or that our website is free of viruses or other harmful components. Your use of our website is at your sole risk. Because some jurisdictions do not permit the exclusion of certain warranties, these exclusions may not apply to you.

Exclusion of Liability

Under no circumstances will LRC be liable for any claims, expenses, damages (including direct, indirect, special or consequential damages), loss of profits, opportunities or information arising from:

• the use of or reliance on information contained in this website;

• any inaccuracy or omission in such information or failure to keep the information current;

• use of any third party websites linked to this website;

• any Internet software used in connection with this website or computer viruses or other destructive programs encountered as a result of using this website; and

• any other matter connected with this website, including any inability to use our website,

This limitation applies whether the alleged liability is based on contract, tort, negligence, strict liability, or other legal theory, even if LRC is made aware of the possibility of such claims, expenses, damages or losses. If some jurisdictions do not allow the exclusion or limitation of incidental or consequential damages, our liability in those jurisdictions will be limited to the extent permitted by law.

Choice of Law and Jurisdiction

These terms will be governed by the laws of the Province of Ontario without regard to the conflicts of laws rules of any jurisdiction. Every dispute concerning the interpretation or effect of these terms or your use of our website must be resolved in the state or federal courts situated in the Province of Ontario. You agree to the personal jurisdiction, subject matter jurisdiction, and venue of these courts.

Equitable Relief

You acknowledge that any breach or threatened breach of these terms will result in irreparable harm for which damages would not be an adequate remedy, and, therefore, in addition to our rights and remedies otherwise available at law, we will be entitled to seek immediate equitable relief, including injunctive relief, as appropriate. If we seek any equitable remedies, we will not be precluded or prevented from seeking remedies at law, nor will we be deemed to have made an election of remedies.

Attorneys' Fees

In addition to any other relief, the prevailing party in any action arising out of these terms or, otherwise, your use of our website will be entitled to attorneys' fees and costs.

Severability

If any provision of these terms is held unenforceable or invalid under any applicable law or is so held by applicable court decision, that unenforceability or invalidity will not render these terms unenforceable or invalid as a whole, and the unenforceable provision will be changed and interpreted so as to best accomplish its objectives within the limits of applicable law or the applicable court decisions.

Waiver

Any waiver by us of a breach of any provision of these terms will not operate as or be construed to be a waiver of any other breach of the provision, or of any breach of any other provision of these terms. Any waiver must be in writing. Any failure by us to insist upon strict adherence to any term of these terms on one or more occasions will not be considered a waiver or deprive us of the right to insist upon strict adherence to that provision of these terms.

Currency of Website

LRC updates the information on this website regularly. The information on this website was accurate at the time of posting, but may be superseded by subsequent events. However, such information is not intended to be a comprehensive review of all matters and developments concerning LRC and LRC cannot guarantee the accuracy, currency or completeness of the information at all times and assumes no responsibility in this regard.

Termination

We reserve the right, in our sole discretion, to terminate your access to all or part of our website, with or without notice, for any reason or no reason, including without limitation your violation of these terms.

Questions

This website is operated by Lithium Royalty Corp. Our address is 1133 Yonge Street, 5th Floor, Toronto, Ontario, M4T 2Y7. All feedback, comments, requests for technical support, and other communications relating to our website should be directed to info@lithiumroyaltycorp.com.

Forward looking statements

Certain statements made on this website contain “forward looking information” and “forward looking statements” within the meaning of applicable Canadian securities laws, which may include, but are not limited to, statements with respect to future events or future performance, management's expectations regarding LRC's growth, results of operations, estimated future revenues, performance guidance, carrying value of assets, future dividends and requirements for additional capital, mineral resources and mineral reserves estimates, production estimates, production costs and revenue, future demand for and prices of commodities, expected mining sequences, business prospects and opportunities, the performance and plans of third party operators and the expected exposure for current and future assessments and available remedies. In addition, statements relating to resources and reserves, including resources and reserves covered by a royalty or other interest, or mine lives are forward looking statements, as they involve implied assessment, based on certain estimates and assumptions, and no assurance can be given that the estimates and assumptions are accurate and that such resources and reserves and mine lives will be realized. Such forward looking statements reflect management's current beliefs and are based on information currently available to management.

Often, but not always, forward looking statements can be identified by the use of words such as “plans”, “expects”, “is expected”, “budgets”, “potential for”, “scheduled”, “estimates”, “forecasts”, “predicts”, “projects”, “intends”, “targets”, “aims”, “anticipates” or “believes” or variations (including negative variations) of such words and phrases or may be identified by statements to the effect that certain actions “may”, “could”, “should”, “would”, “might” or “will” be taken, occur or be achieved. Forward looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of LRC to be materially different from any future results, performance or achievements expressed or implied by the forward looking statements. A number of factors could cause actual events or results to differ materially from any forward looking statement, including, without limitation: fluctuations in the prices of the primary commodities that drive royalty revenue (particularly lithium); fluctuations in the value of the Australian and Canadian dollar and any other currency in which revenue is generated, relative to the U.S. dollar; changes in national and local government legislation, including permitting and licensing regimes and taxation policies and the enforcement thereof; regulatory, political or economic developments in any of the countries where properties in which LRC holds a royalty or other interest are located or through which they are held; risks related to the operators of the properties in which LRC holds a royalty or other interest, including changes in the ownership and control of such operators; relinquishment or sale of mineral properties; influence of macroeconomic developments; business opportunities that become available to, or are pursued by LRC; reduced access to debt and equity capital; litigation; title, permit or license disputes related to interests on any of the properties in which LRC holds a royalty or other interest; whether or not LRC is determined to have “passive foreign investment company” (“PFIC”) status as defined in Section 1297 of the United States Internal Revenue Code of 1986, as amended; potential changes in Canadian tax treatment of royalty interests; excessive cost escalation as well as development, permitting, infrastructure, operating or technical difficulties on any of the properties in which LRC holds a royalty or other interest; actual mineral content may differ from the resources and reserves contained in technical reports; rate and timing of production differences from resource estimates, other technical reports and mine plans; risks and hazards associated with the business of development and mining on any of the properties in which LRC holds a royalty or other interest, including, but not limited to unusual or unexpected geological and metallurgical conditions, slope failures or cave-ins, sinkholes, flooding and other natural disasters, terrorism, civil unrest or an outbreak of contagious disease; the impact of the COVID-19 (coronavirus) pandemic; and the integration of acquired assets.

The forward looking statements contained on this website are based upon assumptions management believes to be reasonable, including, without limitation: the ongoing development and operation of the properties in which LRC holds a royalty or other interest by the owners or operators of such properties in a manner consistent with past practice; the accuracy of public statements and disclosures made by the owners or operators of such underlying properties; no material adverse change in the market price of the commodities that underlie the asset portfolio; LRC's ongoing income and assets relating to determination of its PFIC status; no material changes to existing tax treatment; the expected application of tax laws and regulations by taxation authorities; no adverse development in respect of any significant property in which LRC holds a royalty or other interest; the accuracy of publicly disclosed expectations for the development of underlying properties that are not yet in production; integration of acquired assets; and the absence of any other factors that could cause actions, events or results to differ from those anticipated, estimated or intended.

However, there can be no assurance that forward looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Investors are cautioned that forward looking statements are not guarantees of future performance. LRC cannot assure investors that actual results will be consistent with these forward looking statements. Accordingly, investors should not place undue reliance on forward looking statements due to the inherent uncertainty therein. Our revenue is entirely dependent on operations of third parties conducting mining operations, and we have very limited or no ability to control or influence their decisions with respect to the properties on which we hold royalty or similar interests. Most of these factors are beyond our ability to predict or control. Readers are cautioned not to put undue reliance on forward‐looking statements. The forward‐looking statements and financial and other disclosures on our website speak only as of the date included in those disclosures. We disclaim any obligation to update this information, except as required by law.

For additional information with respect to risks, uncertainties and assumptions, please refer to LRC's most recent Annual Information Form filed with the Canadian securities regulatory authorities on www.sedar.com. The forward looking statements on this website are made as of the date indicated and LRC does not assume any obligation to update or revise them to reflect new information, estimates or opinions, future events or results or otherwise, except as required by applicable law.

Our website and the information contained on our website do not constitute an offer or solicitation of an offer for the sale of any securities in any jurisdiction. None of the information contained on our website is intended to be, and will not be deemed to be, incorporated into any of our securities‐related filings.