TSXV: NOVR
OTCQB: NOVRF

(All dollar amounts are in United States Dollars unless otherwise indicated)

VANCOUVER, BC, July 5, 2023 /CNW/ - Nova Royalty Corp. ("Nova" or the "Company") (TSXV: NOVR) (OTCQB: NOVRF) is pleased to announce that it has entered into an agreement (the "Agreement") with an arm's length private party (the "Seller") pursuant to which Nova will acquire an additional 0.03% net smelter return ("NSR") royalty (the "Additional Royalty") on the Copper World Complex project ("Copper World") located in Arizona, USA, owned by Hudbay Minerals Inc. ("Hudbay") (TSX: HBM) (NYSE: HBM), (the "Transaction"). Upon completion of the Transaction, Nova's consolidated royalty position will be a 0.315% NSR and Nova will retain a right of first refusal in respect of an additional 0.360% NSR (the "ROFR").