SOURCE ROCK ROYALTIES ENGAGES BRISCO CAPITAL PARTNERS FOR INVESTOR RELATIONS SERVICES

/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE U.S./

CALGARY, AB, Aug. 3, 2022 /CNW/ - Source Rock Royalties Ltd. ("Source Rock")(TSXV: SRR) (TSXV: SRR.WT), a pure-play oil and gas royalty company with an established portfolio of light oil focused royalties in Saskatchewan and Alberta, announces that effective August 1, 2022, it has engaged Brisco Capital Partners Corp. ("Brisco") to provide marketing and investor relations services (the "Services") to assist Source Rock with expanding investor awareness of its business and actively communicating with the investment community.

In consideration for the Services, Source Rock will pay Brisco a monthly fee of $10,000. Source Rock has engaged Brisco for a term of 12 months, however Source Rock can terminate the engagement at any time upon giving 30 days notice to Brisco. Source Rock has also agreed to grant Brisco 200,000 stock options to purchase common shares for a period of 5 years at a price of $0.90 per share.

Brisco is a Calgary, Alberta based full-service investor relations firm with more than two decades of experience working with publicly listed Canadian issuers, with a particular focus on resource companies. Brisco assists its clients with formulating and implementing an investor relations and communication strategy, including introducing its clients to a broad network of high-net worth investors, retail brokers, institutional buyside portfolio managers and industry specific analysts. The principal of Brisco is Scott Koyich. Neither Brisco nor Mr. Koyich currently owns any common shares or warrants of Source Rock.

About Source Rock Royalties Ltd.

Source Rock is a pure-play oil and gas royalty company with an existing, light oil focused portfolio of royalty interests concentrated in southeast Saskatchewan, east-central Alberta, west-central Alberta and west-central Saskatchewan. Source Rock targets a balanced growth and yield business model, using funds from operations to pursue accretive royalty acquisitions and to pay dividends. By leveraging its niche industry relationships, Source Rock identifies and acquires both existing royalty interests and newly created royalties through collaboration with industry partners. Source Rock's strategy is premised on maintaining a low-cost corporate structure and achieving a sustainable and scalable business, measured by growing funds from operations per share and maintaining a strong netback on its royalty production.

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

SOURCE Source Rock Royalties Ltd.

For more information about Source Rock, visit www.sourcerockroyalties.com or contact Brad Docherty, Chairman, President & CEO at [phone] or [email protected];For more information about Brisco, visit www.briscocapital.com or contact Scott Koyich, President & CEO at [phone] or [email protected].