Exhibit 99.1 GOLD ROYALTY CORP. ANNOUNCES QUARTERLY RESULTS AND FORECASTS CONTINUED GROWTH IN 2023 Outlook Gold Royalty expects to receive $5.5 million and $6.5 million in Total Revenues and Option Proceeds in 2023 based on the production guidance published to date by the operators of the properties underlying the Company's existing royalties and a forecasted gold price ranging from $1,700 per ounce to $2,000 per ounce and expected payments on optioned properties. The Company expects to incur $7.0 million t ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 20-F (Mark One) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended _________________ OR ☒ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 19 ...

Exhibit 99.1 Highlights for the 2022 fiscal year include: See Non-IFRS Measures below. Number of royalties is presented on a pro forma basis assuming the closing of the previously announced agreement with Val-d'Or Mining. Refer to the Company's press release dated December 2, 2022. ● Total Revenue and Option Proceeds from the royalty generation program, of $0.9 million and $5.7 million for the three months and year ended September 30, 2022, respectively, exceeding guidance of $5.0 million for the fiscal yea ...

Gold Royalty Corp (NYSE:GROY) Q3 2022 Earnings Conference Call August 18, 2022 11:00 AM ET Company Participants David Garofalo - CEO, President & Chairman Conference Call Participants Operator Another great Gold Royalty town hall forum. Thanks for tuning in today from wherever you are. That's the great thing about these town hall forums. You can join in from wherever you are in the world and have direct access to management. And of course, here with us today, we welcome David Garofalo, Chairman and CEO; and ...

Financial Data and Key Metrics Changes - The company reported record revenues of $0.6 million for Q2 2022 and $1.2 million for the first half of the year, with expectations to reach approximately $5 million in revenue for 2022 [27][28] - The company has strong liquidity of $25 million, positioning it well for further growth [29] - The company introduced a dividend yielding approximately 1.3% and plans to increase it as revenue grows [28][22] Business Line Data and Key Metrics Changes - The royalty portfolio has expanded from 14 royalties at IPO to 195 royalties across the Americas, with six producing royalties and 21 in development [21][32] - The company anticipates a compounded average revenue growth of 60% over the next five years, aiming for over $20 million in revenue by 2025 [31] Market Data and Key Metrics Changes - The company operates primarily in top-ranked jurisdictions such as Québec and Nevada, which account for nearly 75% of its net asset value [33] - The company is positioned to benefit from a rising gold price environment, with a focus on precious metals [33] Company Strategy and Development Direction - The company aims to achieve scale quickly to compete effectively in the royalty space, targeting growth through M&A and organic growth strategies [19][66] - The management emphasizes the importance of maintaining a diversified portfolio while focusing on high-quality assets in stable jurisdictions [33][39] Management's Comments on Operating Environment and Future Outlook - Management believes the current inflationary cycle will lead to a significant increase in gold prices, potentially reaching $3,000 per ounce [13][14] - The company is optimistic about its growth trajectory, citing strong fundamentals despite recent market sell-offs [44] Other Important Information - The company has been aggressive in M&A, acquiring several companies to enhance its royalty portfolio [21] - Management has demonstrated discipline in its approach to acquisitions, walking away from a hostile bid for Elemental due to a lack of access to data and the need to protect shareholder value [20][48] Q&A Session Summary Question: Do you still see opportunities for further M&A at this point? - Management sees opportunities for further M&A, particularly among smaller royalty companies that may lack liquidity and capital access [46] Question: Why did the Elemental bid fail and why did you not increase the bid? - The bid failed due to a closely held shareholder base and management's decision to maintain discipline and not overbid without access to meaningful data [48][49] Question: What are the key reasons why the stock trades at such a deep discount to NAV? - Management believes the story needs to be told more effectively, highlighting the diversified portfolio and growth potential in a rising gold price environment [51] Question: When does management expect to start receiving payments from the 3% royalty on Canadian Malartic? - Moderate cash flows are expected from Canadian Malartic in the next couple of years, with maximum revenue anticipated around 2026-2027 [52] Question: What type of royalty company are you striving to be? - The company aims to remain focused on precious metals, with potential for diversification while maintaining a strong majority in gold [53] Question: Can you provide a more representative run rate for G&A costs? - Management indicated that recent G&A costs included non-recurring expenses related to M&A activity, and ongoing costs are expected to remain low due to a small headcount [55][56] Question: How is the prospect generation outside of the business going? - The company is actively pursuing organic growth through new contracts and partnerships with major gold producers, aiming to generate royalties at low costs [63] Question: Are you avoiding Newfoundland intentionally? - Management clarified that there is no intentional avoidance of Newfoundland, and opportunities are continuously evaluated [70] Question: What negative monetization are you placing on Elemental? - Management stated that they do not have meaningful interests in Elemental, and thus do not place any negative monetization on it [72]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 20-F (Mark One) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR 12(g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended September 30, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF ...

[NOTICE OF ANNUAL GENERAL MEETING OF SHAREHOLDERS](index=4&type=section&id=NOTICE%20OF%20ANNUAL%20GENERAL%20MEETING%20OF%20SHAREHOLDERS) [Meeting Details and Purpose](index=4&type=section&id=Meeting%20Details%20and%20Purpose) The annual general meeting is scheduled for February 9, 2022, to review financials and elect directors Annual General Meeting Details | Detail | Information | | :--- | :--- | | **Date and Time** | February 9, 2022, at 4:00 p.m. (Vancouver time) | | **Location** | 1000 Cathedral Place, 925 West Georgia Street, Vancouver, BC | | **Record Date** | December 13, 2021 | | **Proxy Deadline** | February 7, 2022, at 4:00 p.m. (Vancouver time) | - The main agenda items include receiving the financial statements for the year ended September 30, 2021, electing directors, and appointing PricewaterhouseCoopers LLP as the auditor[8](index=8&type=chunk) - The Company is utilizing a "notice-and-access" model for distributing meeting materials electronically to reduce costs, with paper copies available upon request[5](index=5&type=chunk)[6](index=6&type=chunk) [MANAGEMENT INFORMATION CIRCULAR](index=6&type=section&id=MANAGEMENT%20INFORMATION%20CIRCULAR) [VOTING INFORMATION](index=6&type=section&id=VOTING%20INFORMATION) This section details shareholder voting eligibility, quorum requirements, and proxy submission procedures - The record date to determine shareholders entitled to vote at the meeting is the close of business on December 13, 2021[21](index=21&type=chunk) - A quorum for the meeting is one or more persons present, holding or representing by proxy at least **33 1/3%** of the total issued shares with voting rights[22](index=22&type=chunk) - Registered shareholders can appoint a proxyholder other than the designated management representatives by inserting the person's name on the proxy form, which must be received by February 7, 2022[24](index=24&type=chunk) - Non-registered (beneficial) shareholders must follow the instructions provided by their intermediary to vote their shares[31](index=31&type=chunk)[33](index=33&type=chunk) [THE MEETING](index=14&type=section&id=THE%20MEETING) This section outlines the meeting's agenda, key 2021 achievements, and compensation highlights - The Board recommends voting **FOR** the election of the six director nominees and **FOR** the appointment of PricewaterhouseCoopers LLP as the company's auditor[90](index=90&type=chunk)[91](index=91&type=chunk) - Key achievements in fiscal 2021 included completing a **$90 million IPO**, acquiring **191 royalty interests**, and diversifying the portfolio to include **6 producing projects**[92](index=92&type=chunk) - The company's compensation philosophy is highlighted by a balanced approach, with long-term compensation representing **67%** of the CEO's total 2021 compensation[93](index=93&type=chunk) - Corporate governance highlights include having **50%** of the Board comprised of independent directors, an independent lead director, and a majority voting policy[94](index=94&type=chunk) [VOTING SECURITIES AND PRINCIPAL HOLDERS](index=17&type=section&id=VOTING%20SECURITIES%20AND%20PRINCIPAL%20HOLDERS) The company has 133,825,590 common shares outstanding, with GoldMining Inc holding 14.9% - As of December 13, 2021, there were **133,825,590 common shares** issued and outstanding, which are the only shares entitled to vote at the meeting[96](index=96&type=chunk) Principal Shareholder (as of Dec 13, 2021) | Name | Number of Shares | Percentage of Outstanding Shares | | :--- | :--- | :--- | | GoldMining Inc. | 20,000,000 | 14.9% | [ELECTION OF DIRECTORS](index=17&type=section&id=ELECTION%20OF%20DIRECTORS) The Board recommends six nominees for election, detailing their qualifications and securities holdings - Six individuals are nominated for election to the Board of Directors, while two current directors will not be standing for re-election[99](index=99&type=chunk) Director Nominees and Securities Held | Name | Position | Director Since | Securities Held (Shares, Options, etc.) | | :--- | :--- | :--- | :--- | | **David Garofalo** | Chairman, CEO, President | Aug 1, 2020 | Shares: 153,333; Options: 600,000; Restricted Shares: 266,667; Warrants: 10,000 | | **Warren Gilman** | Independent Lead Director | Aug 12, 2020 | Shares: 626,714; Options: 250,000; Warrants: 100,000 | | **Amir Adnani** | Director | Nov 20, 2020 | Shares: 383,333; Options: 500,000; Restricted Shares: 666,667; Warrants: 25,000 | | **Ken Robertson** | Director | Nov 20, 2020 | Shares: 5,000; Options: 100,000 | | **Alan Hair** | Director | Nov 20, 2020 | Options: 100,000 | | **Glenn Mullan** | Director | Nov 5, 2021 | Shares: 2,983,801; Options: 1,053,490 | - The Board possesses a range of skills including experience in the mining and royalty industry, senior leadership, public company boards, and corporate governance[110](index=110&type=chunk)[111](index=111&type=chunk)[113](index=113&type=chunk) [APPOINTMENT OF AUDITOR](index=22&type=section&id=APPOINTMENT%20OF%20AUDITOR) Management recommends the reappointment of PricewaterhouseCoopers LLP as the company's auditor - PricewaterhouseCoopers LLP is proposed for reappointment as the Company's auditor for the ensuing year[122](index=122&type=chunk) - PricewaterhouseCoopers LLP was first appointed as the auditor on October 7, 2020[122](index=122&type=chunk) [STATEMENT OF EXECUTIVE COMPENSATION](index=22&type=section&id=STATEMENT%20OF%20EXECUTIVE%20COMPENSATION) This section details the pay-for-performance compensation program for Named Executive Officers in fiscal 2021 [Compensation Philosophy and Peer Group](index=22&type=section&id=Compensation%20Philosophy%20and%20Peer%20Group) The pay-for-performance philosophy aligns executive interests with shareholder value via peer benchmarking - The compensation program is designed to reward NEOs based on corporate and individual performance, with a focus on driving short and long-term growth[126](index=126&type=chunk) - The 2021 peer group for benchmarking compensation included companies such as Altius Minerals Corp, EMX Royalty Corp, and Maverix Metals Inc[142](index=142&type=chunk)[150](index=150&type=chunk) [Short-Term and Long-Term Incentives](index=25&type=section&id=Short-Term%20and%20Long-Term%20Incentives) Fiscal 2021 STIP awards paid out at 150% of target due to breakthrough corporate performance - For fiscal 2021, the corporate performance scorecard resulted in a **150% payout** of the target STIP award for all NEOs, based on outperformance in key metrics[156](index=156&type=chunk)[159](index=159&type=chunk) 2021 STIP Payouts | Named Executive Officer | 2021 STIP Payout (C$) | % of Target | | :--- | :--- | :--- | | David Garofalo | 270,000 | 150% | | Josephine Man | 94,500 | 150% | | John Griffith | 180,000 | 150% | | Samuel Mah | 60,000 | 150% | - Long-term incentives under the LTIP are typically granted as an equal mix of Options and RSUs, with 2021 options vesting over 18 months[135](index=135&type=chunk)[136](index=136&type=chunk) [Summary Compensation and Awards](index=31&type=section&id=Summary%20Compensation%20and%20Awards) This section presents detailed 2021 compensation figures and stock performance for Named Executive Officers Summary Compensation Table (Fiscal Year 2021) | Name and Principal Position | Salary ($) | Share-based Awards($) | Option-based Awards($) | Annual Incentive Plans ($) | Total Compensation ($) | | :--- | :--- | :--- | :--- | :--- | :--- | | **David Garofalo** (Chairman, CEO) | 179,555 | 182,541 | 617,520 | 212,895 | 1,192,511 | | **Josephine Man** (CFO) | 65,825 | - | 185,256 | 74,513 | 325,594 | | **John Griffith** (Chief Dev. Officer) | 143,685 | - | 283,030 | 141,930 | 568,645 | | **Samuel Mah** (VP, Evaluations) | 39,711 | - | 126,917 | 47,310 | 213,938 | - The company's stock performance from its IPO to September 30, 2021, showed a **40% increase**, significantly outperforming its peer group (**-7%**) and the GDXJ (**-17%**)[164](index=164&type=chunk)[187](index=187&type=chunk) [Termination, Change of Control, and Director Compensation](index=34&type=section&id=Termination%2C%20Change%20of%20Control%2C%20and%20Director%20Compensation) NEO agreements include double-trigger change of control benefits, with director pay comprising cash and equity - New employment agreements effective January 2022 provide NEOs terminated following a change of control a severance payment equal to **two times their base salary plus bonus**[218](index=218&type=chunk)[219](index=219&type=chunk) - Independent and non-executive directors received annual cash retainers (e.g., **C$50,000** for the Lead Director) and option grants in fiscal 2021[223](index=223&type=chunk)[224](index=224&type=chunk) - For fiscal 2022, director compensation will be updated to include equity grants in the form of Options and RSUs/DSUs, in addition to cash retainers[238](index=238&type=chunk)[240](index=240&type=chunk) [CORPORATE GOVERNANCE](index=47&type=section&id=CORPORATE%20GOVERNANCE) The company emphasizes strong governance with an independent board, key policies, and a diversity target - If all nominees are elected, the Board will be comprised of **50% independent directors**, and all key committees are fully independent[282](index=282&type=chunk)[333](index=333&type=chunk) - The Board has appointed an independent Lead Director, Warren Gilman, to ensure the Board functions independently of management[285](index=285&type=chunk)[287](index=287&type=chunk) - The company has adopted a Diversity Policy and set a target to have at least **30%** of the Board comprised of female directors by the annual meeting in 2025[303](index=303&type=chunk)[307](index=307&type=chunk) - A share ownership policy requires non-executive directors and senior executives to hold shares valued at **three times their annual cash retainer or base salary**, respectively[331](index=331&type=chunk)[332](index=332&type=chunk) - The Board has adopted a majority voting policy, requiring any director who receives more 'withheld' votes than 'for' votes to tender their resignation[328](index=328&type=chunk)