Mont Royal Receives C$2.22 Million Quebec Tax Credit

Mont Royal Receives C$2.22 Million Quebec Tax Credit

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 the growing government focus on critical minerals infrastructure position the Project strongly to leverage evolving Government support around site access.

"Ashram remains one of the world's most significant undeveloped rare earth and fluorspar projects, with the potential to become a cornerstone supplier of critical minerals and contribute to the development of critical minerals industries in Quebec, Canada, North America and Europe.

Our focus remains on creating shareholder value through disciplined project advancement and prudent capital management as we move toward the next phase of development."

For and on behalf of the Board ENDS Joel Ives | Company Secretary

For further information please contact:

Nicholas Holthouse Managing Director [email protected]

Nicholas Read Investor and Media Relations [email protected]

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

About Mont Royal

Mont Royal Resources Limited (ASX: MRZ) (TSXV: MRZL) is a critical minerals development and exploration company with projects located in Quebec, Canada.

The Company is dedicated to advancing its 100%-owned Ashram Rare Earth and Fluorspar Deposit in Nunavik, Québec, Canada - one of the largest monazite-dominant carbonatite-hosted Rare Earth Elements deposits in North America.

In addition, the Company owns 75% of Northern Lights Minerals 536km 2 tenement package located in the Upper Eastmain Greenstone belt.

The projects are located in the emerging James Bay area, a Tier-1 mining jurisdiction of Quebec, and are prospective for lithium, precious (Gold, Silver) and base metals mineralisation (Copper, Nickel).

For further information regarding Mont Royal Resources Limited, please visit the ASX platform (ASX: MRZ) or Mont Royal's website www.montroyalres.com