Source Rock Royalties (SRR) Corporate presentation summary

Corporate structure and financial highlights

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

• Over 10% insider ownership, 20% held by a major pension fund, and no insider sales.

• Maintains $4.5M working capital, no debt, and pays a $0.078 annual dividend per share.

Business model and strategy

• Passive royalty interests provide scalable, inflation-insulated revenue with no capital or abandonment costs.

• Focus on top-line revenue, minimal management costs, and targeting proven, long-life reserves.

• Pursues growth through acquisitions and organic royalty creation, leveraging industry relationships.

Track record and growth

• 13-year history of positive cash flow, $44M in royalty acquisitions, and $24.4M in dividends paid since 2014.

• Revenue generated nearly matches capital deployed, with core areas in Alberta and Saskatchewan.

• Recent acquisitions include SE Sask, Alberta waterflood, and Clearwater, with significant drilling commitments.