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Canadian Royalties Inc

Thursday, July 12th, 2007

Canadian Royalties Inc. announces the change of the name of its “Raglan South Nickel Project” to “Nunavik Nickel Project” , the appointment of Mr. Robert Menard, P.Eng. as Vice President Construction and Engineering, and the formation of a Project Engineering and Construction team , the mandate of which is to manage the detailed engineering and the development of the project.
Nunavik Nickel Project
The new name “Nunavik Nickel Project” better identifies the project in that it takes into account the project’s main commodity, its location, as well as the heritage of the Inuit of Northern Quebec. In conjunction with this name change, Canadian Royalties is pleased to unveil the project’s logo (available at the following address: http://www.ccnmatthews.com/docs/nunaviknickel.pdf), which incorporates the bilingual English – French name Nunavik Nickel, with its translation in Inuktitut.
Appointment of Vice-President, Construction and Engineering
Canadian Royalties further announces the appointment of Mr. Robert Menard, P.Eng. as the Company’s Vice-President, Construction and Engineering. Mr. Menard was Vice-President, Projects and Construction for Cambior Inc. for over 12 years. In that capacity, he was responsible for all of Cambior’s development projects, from engineering studies through to site construction, start-up and reclamation. Mr. Menard participated in the development of the following mining projects: Bouchard Hebert, Gonzague Langlois, Omai Gold Mines, Rosebel Gold Mines, Omai Bauxite Mining, Ressources Orleans, Mine Chimo and Doyon.
Project Team
Under Mr. Menard’s supervision, Canadian Royalties has begun assembling a project development team for the development of its Nunavik Nickel Project. The team will be based in Montreal, Quebec; its core members include:
– Mr. Robert Menard, P.Eng. – VP, Construction and Engineering
– Mr. Glen Schlyter, P.Eng. – Project Manager
– Mr. Yves Tremblay, P.Eng. – Electrical Engineer
– Mr. Louis Plourde – Piping and Mechanical Technician
– Mr. Remi Provencher, CMA – Project Controller
– Mr. Martin Boucher, Tech. – Manager Environment and Permitting
Mr. Glen Schlyter has been with Canadian Royalties since 2001. His accomplishments include managing the contracts for the Company’s Preliminary Economic Assessment, completed by P&E Mining Consultants Inc., and for the Bankable Feasibility Study, completed by SNC Lavalin Inc.
Messr. Yves Tremblay and Louis Plourde each have over 20 years of experience in the mining and contracting industries and have been involved in significant mill construction projects, including plant start-up and commissioning, namely the construction of the Raglan Mine and the Rosebel Gold Mine
Mr. Remi Provencher will join the team as the project’s Controller. While reporting directly to the Company’s CFO Mr. Gerald Price, Mr. Provencher’s will first act in the capacity of Project Controller; thereafter he shall ensure the Project’s transition from development to operations. Mr. Provencher has previously been involved in two mine projects, acting in similar capacity.
Mr. Martin Boucher has more than 20 years of experience in the mining industry. He has acted as Environmental Superintendent on site at the Falconbridge Raglan project (now owned by Xstrata) during its construction and start-up, managing all aspects of permitting and compliance with regulations. Mr. Boucher was also the Manager, Environmental Services on the Koniambo project in Caledonia, and has until more recently acted in the capacity of Site Manager responsible for reclamation of the Gaspe Mine and Smelter Complex.
Canadian Royalties is currently seeking a variety of staff to join the project team. For further information, please visit www.canadianroyalties.com/jobs.

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