Mont Royal receives C$2.22 million Quebec tax credit

Receipt strengthens funding position as Mont Royal advances Ashram toward Pre-Feasibility Study and strategic funding initiatives

Montreal, Quebec--(Newsfile Corp. - August 18, 2026) - Mont Royal Resources Ltd (ASX: MRZ) (TSXV: MRZL) ("Mont Royal" or "the Company") is pleased to announce that the Company's 2023/24 tax credit from Revenue Quebec of C$2.22m has been received. Mont Royal via is wholly owned subsidiary Commerce Resources Corp is registered and eligible for the tax rebate for its critical minerals exploration and development activities in Quebec, Canada.

Mont Royal is also in the process of finalising its 2024/25 calculations and income tax return, which will include an application for a tax credit from Revenue Quebec.

Mont Royal's Managing Director, Mr. Nicholas Holthouse, said: "Receipt of the C$2.22 million Quebec tax credit is an important and timely contribution to Mont Royal's funding position as we continue advancing the Ashram Rare Earth and Fluorspar Project toward Pre-Feasibility. The rebate reflects eligible exploration and development expenditure undertaken in Quebec and demonstrates the tangible support available for strategically important critical minerals projects such as Ashram through non-dilutive government funding support.

"This funding further strengthens our ability to progress key technical, permitting and stakeholder engagement workstreams at Ashram, while continuing to work closely with First Nations, Government agencies, strategic partners and potential offtake participants.

"Over the balance of 2026, our priority is to advance Ashram through a disciplined program of technical de-risking while pursuing a range of non-dilutive funding opportunities, including government support programs, strategic partnerships and other project financing initiatives. We believe that Ashram's outstanding PEA economics, strategic importance to Western critical minerals supply chains and