Royal Road Minerals Limited provided an update on its exploration activities at the Alouana and Jabal Sahabiyah projects in the Kingdom of Morocco and Saudi Arabia. Underlying rights to both project areas are held by Royal Road Arabia. Royal Road Arabia is a Saudi Arabian joint-venture company owned on a 50-50% partnership basis by Royal Road and MSB Holdings Limited.

Alouana Copper-Gold-Polymetallic Project: Morocco. The Alouana Project Area comprises 6 exploration license areas totaling 84 square kilometers and is located in Morocco's Eastern Region. In October 2023, RRA entered into an option agreement to acquire up to 100% of Izughar Resources S.A.R.L, the Moroccan company holding title to the Alouana licenses.

Small-scale mining commenced at Alouana at the beginning of the last century and approximately 40 small-scale underground and open-pit copper, gold and silver workings have so-far been identified from within the project area. Geologically, Alouana comprises an erosional window of Paleozoic age metamorphic and intrusive igneous rocks developed from within surrounding and overlying Mesozoic and Tertiary age sedimentary strata. The host rocks to copper, gold and polymetallic mineralization at Alouana are primarily lower Paleozoic age schists which have been intruded by Permian age granitic rocks and related porphyry dykes.

Granite underlies and has contact metasomatized the schistose sequence. Copper, gold and polymetallic Mineralization (silver, bismuth tungsten and zinc) has been emplaced in shear zones oriented parallel to shallow-dipping schistosity and bedding and also in steeply-dipping northwest and northeast striking quartz-barite vein and breccia bodies. Notable results from the Alouana Main Area included 7.6% copper, 0.4 grams per tonne gold and 172ppm silver from a 2-meter wide, steep-dipping vein-breccia zone in the southeast of the license area and 4 meters at 0.7% Copper, 25ppm silver and 0.7% Zinc in a vertical channel sample across shallow-dipping bedding and cleavage in the Alouana open pit zone.

High grade copper and bismuth rock-chip results of up to 4.4% copper (minimum 138ppm and average 1.8%) and 1.4% bismuth (minimum 17ppm and average 0.7%) were returned from a newly identified prospect area, located within the AOI some 8km to the northeast of the Alouana Main Area. Infill soil sampling, mapping and sampling of historic underground workings is currently underway at Alouana. Initial scout drilling is expected to commence in May or June of this year.

The Jabal Sahabiyah Exploration tender consisting of three contiguous Exploration Licenses was awarded to RRA as Preferred Bidder in a competitive Licensing Round in January of this year. The license is approximately 284 square kilometers in areal extent and is located in Asir Province of the Kingdom of Saudi Arabia within the prospective Nabitah-Tathlith belt. For each sample, soil thickness, horizon, surface type, sample collection depth, & field sieve-mesh was recorded.

QAQC materials included 57 (5.4%) CRMs, 18 (1.1%) blanks and 17 (1.0%) field duplicates with the 1701 primary samples. These samples were sent to the AFRILAB-SGS laboratory in Marrakech for drying, disaggregation and dry-sieving to -75um/-200 mesh. Au analysis was completed by 30g fire-assay with an AAS finish (PRE.MO/ANA-Au/001 method).

Trace multi-elemental & REE analysis was completed using 4-acid digestion with an I-acid digestion with an I/001 method). Trace Multi-acid digestion with an I.