Royal Gold Announces Reserve Additions at Penasquito and Cortez Royalty Properties

    DENVER, Feb. 23 /CNW/ -- ROYAL GOLD, INC. (Nasdaq: RGLD; TSX: RGL), a
leading precious metals royalty company, is pleased to announce that Goldcorp
Inc. ("Goldcorp") increased its reserve estimate at the Penasquito project,
located in Zacatecas, Mexico, to 17.4 million contained ounces of gold, and
1.0 billion contained ounces of silver.  These new reserve estimates reflect a
34% and 21% increase, in gold and silver reserves, respectively.  Goldcorp
also announced that reserves increased 20% for both lead and zinc.  Royal Gold
holds a 2.0% net smelter return royalty on all metal production from the
Penasquito project. (remainder of NR deleted for brevity).

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