Source Rock Royalties (SRR) investor relations material

Corporate structure and financial position

• Only publicly listed pure-play junior oil and gas royalty company in Canada, with 45.6M common shares and 48.4M fully diluted shares outstanding.

• Over 10% insider ownership, including 20% by a major pension fund; no insider sales and average cost base aligns with IPO price.

• Maintains $4.5M working capital, no debt, and pays a monthly dividend of $0.0065 per share.

Business model and strategy

• Passive royalty interests provide exposure to upside development with no capital or abandonment costs.

• Focus on high netback, long-life reserves in key areas with strong operators, minimizing management costs.

• Diversified royalty portfolio across Alberta and Saskatchewan, targeting both organic and acquisition-driven growth.

Track record and growth

• 13-year history of positive cash flow, dividend payments, and $44M in royalty acquisitions.

• Revenue generated since inception nearly matches capital deployed, with highlighted acquisitions delivering strong returns.

• Recent phases include significant acquisitions, dividend increases, and expansion of royalty lands and reserves.