La Mancha Announces Acquisition Of Shares Of Elemental Royalties Corp.

La Mancha Fund SCSp (the “Fund”), a fund advised by La Mancha Capital Advisory LLP (“La Mancha”), is pleased to announce that its wholly-owned subsidiary, La Mancha Investments S.à r.l. (“LMI”), yesterday acquired 7,250,000 common shares (the “Shares”) of Elemental Royalties Corp. (“Elemental”) (TSX-V: ELE, OTCQX: ELEMF) at a subscription price of C$1.51 per Share for an aggregate subscription price of approximately US$8.5 million. The net proceeds of the subscription will be used by Elemental to fund its acquisition of the Ming Gold stream. The Fund owns 7,250,000 common shares of Elemental following completion of the subscription, representing approximately 9.3% of Elemental’s issued and outstanding common shares.