Abitibi Royalties Inc. announced that it continues to build its royalty presence throughout the Malartic mining region in Québec. The Company has entered into two agreements with Eagle Ridge Mining Ltd. involving royalties located south of the Canadian Malartic Mine (the "Malartic South Property"). The first agreement amends a previous royalty, increasing Abitibi Royalties' interest in the Malartic South Property from a 2% to 3% NSR ("Net Smelter Royalties") on certain claims. The second agreement expands Abitibi Royalties' NSR to the south with a new 2.5% royalty and 15% of any gross proceeds (cash and shares) should the property be sold or joint ventured. The purchase price paid by the Company totals CAD 26,500, which will be paid in cash. The Malartic South Property is owned and operated by Eagle Ridge, a private company. The royalties were acquired due to the project's location, favourable geology and the increasing exploration activity in the area. The Company believes that the Malartic region, even with its long history of mining, represents one of the most exciting areas in Canada for exploration due to the discoveries being made at the Odyssey Underground Project. Eagle Ridge is planning to conduct field-sampling programs and complete a technical report during 2021. The project is believed to have gold and base metal potential based on historical data from the area.