DESIGNATED NEWS RELEASE

VANCOUVER, BC, Nov. 28, 2023 /CNW/ - Uranium Royalty Corp. (NASDAQ: UROY) (TSX: URC) ("URC" or the "Company") is pleased to announce the publication of its inaugural 2023 Sustainability Report. This report presents the Company's approach and performance on sustainability initiatives and outlines sustainability strategy and goals for the future.

FY23 Sustainability Report Highlights

• Bolstered the Company's strong due diligence process through strengthened focus on sustainability-related risks of operators, reviewing 100% of deals with the Company's enhanced sustainability due diligence approach;

• Strengthened the Company's corporate risk management function;

• Approved Sustainability Policy, Anti-Corruption Policy and Corporate Disclosure Policy to reinforce the Company's commitment to sustainability and strong corporate governance;

• Achieved executive-management diversity of 33% female and 33% ethnically-diverse representation; and

• Donated approximately US$48,000 to local community programs.

Scott Melbye, the Company's Chief Executive Officer, stated: "I am proud to present our inaugural 2023 Sustainability Report for Uranium Royalty Corp., the first and only pure play uranium royalty company. As a relatively young company, we are proud of our growing portfolio of 20 interests on 18 development, advanced, permitted and producing uranium projects in key uranium jurisdictions. As the first company to apply the successful royalty and streaming business model exclusively to the uranium sector, we leverage our first-mover advantage through providing needed capital to producing, developing, and next generation uranium mining companies. This supports our mission to fuel a cleaner tomorrow through carbon-free nuclear energy."

He continued, "As a royalty company, we play an important role in promoting sustainability and innovation in mining. We carefully screen and seek to select operators who share our principles of responsible environmental stewardship and strong community support, and we strive to develop long-term relationships based on mutual commitment to those principles."

About Uranium Royalty Corp.

Uranium Royalty Corp. (URC) is the world's only uranium-focused royalty and streaming company and the only pure-play uranium listed company on the NASDAQ. URC provides investors with uranium commodity price exposure through strategic acquisitions in uranium interests, including royalties, streams, debt and equity in uranium companies, as well as through trading of physical uranium.