Gold Royalties Corporation (TSX VENTURE:GRO) ("Gold Royalties" or "GRO")
announces that it intends to make an offer to acquire 100% of the outstanding
shares of Benton Capital Corp. (TSX VENTURE:BTC)("BTC") for all-share
consideration on the basis of 0.133 shares of Gold Royalties (the "Exchange
Amount") per outstanding BTC share (the "Proposed Transaction"). The Exchange
Amount equates to a market-equivalent of $0.10 per issued BTC share in GRO
equity, a 100% premium to the closing price of BTC as at March 20, 2013. 


"We believe that our intent to acquire Benton Capital duly serves the
stockholders of both companies. We look forward to extending our value creation
activities to Benton Capital's shareholders. That process would include the
intended monetization of certain working capital assets for redeployment into
new royalty assets, including, but not limited to, Benton Capital's equity
position in Coro Mining Corp.," commented Ryan Kalt, President and Chief
Executive Officer of Gold Royalties. 


Gold Royalties believes its proposed offer provides BTC shareholders several
benefits in addition to an attractive premium. BTC shareholders will have
continued upside exposure to the mining royalty business and will gain exposure
to a world-class portfolio of net smelter return royalties located in stable
jurisdictions. In addition, BTC shareholders will receive shares in a larger
company with much greater financial capability and superior trading liquidity. 


The offer will be made by way of a formal offer and takeover bid circular to be
mailed to shareholders of BTC and will be subject to various conditions,
including receipt of all required regulatory approvals, termination or waiver of
BTC's shareholder rights plan and not less than 66 2/3% of the BTC shares being
deposited under the offer and not withdrawn. Further details concerning the
offer will be included in the formal offer and takeover bid circular. 


This press release does not constitute an offer to buy or an invitation to sell,
or the solicitation of an offer to buy or invitation to sell, any securities of
Gold Royalties or BTC. Such an offer may only be made pursuant to an offer and
takeover bid circular filed with the securities regulatory authorities in Canada
and pursuant to registration or qualification under the securities laws of any
other such jurisdiction. Presently Gold Royalties intends to make the formal
offer in Canada only.


About Gold Royalties Corporation 

Gold Royalties Corporation is a publicly-traded, growth-orientated royalty
business which acquires and holds mining royalty assets for investment purposes.
The company acquires net smelter return and metal stream royalties, with a focus
on gold royalties, located in stable jurisdictions. For more information, please
visit www.GoldRoyalties.ca. 


Forward Looking Statements 

This news release contains certain forward-looking information and statements
within the meaning of applicable securities laws. The use of any of the words
"expect", "anticipate", "continue", "estimate", "objective", "ongoing", "may",
"will", "project", "should", "believe", "plans", "intends", "confident", "might"
and similar expressions are intended to identify forward-looking information or
statements. In particular, but without limiting the foregoing, this news release
contains forward-looking information and statements pertaining to expectations,
beliefs, plans, goals, objectives, assumptions, information and statements about
possible future events, conditions, results of operations and
performance.Various assumptions were used in drawing the conclusions or making
the projections contained in the forward-looking statements throughout this news
release. 


The forward-looking information and statements included in this news release are
not guarantees of future performance and should not be unduly relied upon.
Forward-looking statements are based on current expectations, estimates and
projections that involve a number of risks and uncertainties, which could cause
actual results to differ materially from those anticipated and described in the
forward-looking statements. Such information and statements involve known and
unknown risks, uncertainties and other factors that may cause actual results or
events to differ materially from those anticipated in such forward-looking
information or statements. 


Gold Royalties cautions that the foregoing list of assumptions, risks and
uncertainties is not exhaustive. The forward-looking information and statements
contained in this news release speak only as of the date of this news release,
and the company assumes no obligation to publicly update or revise such
information or statements to reflect new events or circumstances, except as may
be required pursuant to applicable securities laws. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
Gold Royalties Corporation
Ryan Kalt, M.B.A., LL.M.
President and Chief Executive Officer
1-403-470-3265
info@goldroyalties.ca
www.GoldRoyalties.ca

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