Elemental Royalty Corp

Process to Elect

Registered Shareholders wishing to participate in the Dividend Election Alternative ("Electing Participants") must properly elect in writing to have their dividends delivered in Tether Gold Tokens by completing and signing the Election Form attached as a Schedule to this news release. The Election Form must be delivered to the Company in Vancouver, British Columbia, by no later than three business days prior to the Record Date. Specifically, for the upcoming Dividend, completed and signed election forms must be received by the Company by September 24, 2026.

If an Election is not properly completed and received by the applicable deadline, or if the shareholder does not satisfy the applicable participation criteria as of the relevant Record Date, the shareholder will receive its dividend in cash, subject to applicable withholding taxes.

To make a valid Election, a participating shareholder will be required to provide, among other things:

• its name,

• the number of Common Shares in respect of which the Election is made, and

• certificate number and/or DRS identifier,

Elemental has partnered with Transfer Agent, Equiniti, and digital asset platform Bullish (NYSE: BLSH) ("Bullish"), for the purposes of facilitating the distribution of the Dividend Election Alternative. In order to receive Tether Gold Tokens, Registered Shareholders must either open a wallet with Bullish or direct that its Tether Gold Tokens be delivered to a pre-existing digital wallet, as described in greater detail in the Election Form.