CORPORATE NEWS Canadian Royalties Named Quebec Prospector of Year

QUEBEC CITY, Quebec CANADIAN ROYALTIES announces that its chairman, Glenn Mullan, and the company's Raglan South...
QUEBEC CITY, Quebec CANADIAN ROYALTIES announces that its chairman, Glenn Mullan, and the company's Raglan South Trend project have received the Quebec Mineral Exploration Association's (AEMQ) Prospector of the Year award for 2003. The honour recognizes new discoveries that have an impact on mineral exploration in Quebec both regionally as well as on the property hosting the discovery. The award was made at the AEMQ's annual conference held the last week of November in Quebec City.

The Raglan South Trend includes nickel-copper-PGE mineralization that is related to the basal portions of a series of ultramafic dykes that extend for at least 35 km. Canadian Royalties is expecting the results of core assays from about 40 diamond drillholes within a few weeks. More information is available from Glenn Mullan at 819-824-1030 or mllan@canadianroyalties.com.

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