Elemental Altus Royalties Corp. announced that after more than sixteen years of combined service Steven Poulton, the Company's Executive Chairman has advised the Company of his intention to retire from the board effective January 01, 2024. Mr. Poulton was the former Chief Executive and co-founder in 2007 of Altus Strategies plc, which merged with Elemental Royalties in 2022 to form the Company.

The board would like to thank Mr. Poulton for his invaluable contributions during his tenure and commends him for his unwavering service and dedication, as well as his longstanding support as a shareholder. Following his retirement from the board Mr. Poulton will continue to be available as an independent consultant to the Company.