3.37 Million Ounce Gold Resource At The Silicon Royalty Interest

VANCOUVER - Orogen Royalties Inc. reported that project owner AngloGold Ashanti NA announced a maiden 3.37 million ounce inferred gold resource at the Central-Silicon zone on the Silicon gold project in Nevada. Orogen holds an uncapped and non-buyable 1% net smelter return (NSR) royalty on the 58 square kilometer Silicon project.

"We congratulate AngloGold on delivering a maiden resource of 3.37 million ounces of gold at Silicon," said Orogen CEO Paddy Nicol. "This resource is an important milestone for the value of Orogen's 1% NSR royalty on the project. Until now there has been little publicly available data to indicate the size of the discovery at Silicon. We look forward to further updates in due course as AngloGold proceeds with exploration and development plans in the district, including the Merlin target."