Royal Gold Provides Update on Pascua-Lama

Royal Gold, Inc. (NASDAQ:RGLD) ?(TSX:RGL) announced
that Barrick Gold Corporation today reported that it was aware of press
reports of a preliminary injunction affecting the Chilean portion of the
Pascua-Lama project. Barrick later reported that it is suspending
construction work on the Chilean side of the project while working to
address environmental and other regulatory requirements; that
construction activities in Argentina, where the majority of
Pascua-Lama′s critical infrastructure is located, are not affected; and
that it is too early to assess the impact, if any, on the overall
capital budget and schedule of the project.

CORPORATE PROFILE

Royal Gold is a precious metals royalty company engaged in the
acquisition and management of precious metal royalties and similar
interests. The Company′s portfolio consists of 206 properties on six
continents, including interests in 36 producing mines and 31 development
stage projects. Royal Gold is publicly traded on the NASDAQ Global
Select Market under the symbol 'RGLD,? and on the Toronto Stock Exchange
under the symbol 'RGL.? The Company′s website is located at www.royalgold.com.

Cautionary 'Safe Harbor? Statement Under the Private Securities
Litigation Reform Act of 1995: With the exception of historical
matters, the matters discussed in this press release include
forward-looking statements that involve risks and uncertainties that
could cause actual results to differ materially from projections or
estimates contained herein. Such forward-looking statements include
statements regarding the timing of initial production from and capital
costs related to Barrick′s Pascua-Lama project. Factors that could cause
actual results to differ materially from such forward-looking statements
include, among others, Barrick′s ability to bring the project into
production on time and with capital costs in accordance with its revised
budget, the outcome of legal and regulatory proceedings regarding the
project, precious metals prices, economic and market conditions, as well
as other factors described in our Annual Report on Form 10-K, and other
filings with the SEC. Most of these factors are beyond the Company′s
ability to predict or control. The Company disclaims any obligation to
update any forward-looking statement made herein. Readers are cautioned
not to put undue reliance on forward-looking statements.

Royal Gold, Inc.

Karen Gross

Vice President and Corporate
Secretary

(303) 575-6504