Royal Gold Announces Pricing of Common Stock Offering

Royal Gold, Inc. (NASDAQ:RGLD) (TSX:RGL) announced today the
pricing of its public offering of common stock pursuant to the Company′s
shelf registration statement filed with the Securities and Exchange
Commission and a shelf prospectus filed with certain Canadian securities
regulatory authorities. The Company has agreed to sell 5.2 million
shares at a price of $48.50 per share. The Company has granted the
underwriters a 30-day option to purchase up to 780,000 additional shares
of common stock to cover over-allotments, if any. Proceeds to the
Company from the offering, net of commission and expenses, are expected
to be approximately $240.3 million (assuming the underwriters′
over-allotment option is not exercised). The offering is expected to
close on Monday, June 28, 2010, subject to customary closing conditions.

Royal Gold intends to use the net proceeds of this offering for general
corporate purposes, including to repay debt and to fund acquisitions of
additional royalty interests.

HSBC Securities (USA) Inc. is acting as the global coordinator and as
the joint book-runner for the offering with Goldman, Sachs & Co. and
Scotia Capital (USA) Inc. Co-managers for the offering are NBF
Securities (USA) Corp., CIBC World Markets Inc., RBC Dominion Securities
Inc. and UBS Securities LLC.

Copies of the prospectus supplement and the base shelf prospectus
supplement relating to the offering may be obtained either by contacting
any of the following underwriters or by accessing the Securities and
Exchange Commission′s website, www.sec.gov:

Copies of the Canadian MJDS prospectus supplement and shelf prospectus
relating to the offering may be obtained by either contacting the
following underwriters or by accessing the System for Electronic
Document Analysis and Retrieval (SEDAR) established b y the Canadian
Securities Administrators:

This news release or the website established by the Canadian Securities
Administrators, www.sedar.com,
as the case may be, shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of these
securities in any state or jurisdiction in which the offer, solicitation
or sale would be unlawful prior to registration or qualification under
the securities laws of any such state or jurisdiction. The securities
being offered have not been approved or disapproved by any regulatory
authority, nor has any such authority passed upon the accuracy or
adequacy of the prospectus supplement, the prospectus or the Company′s
shelf registration statement. A registration statement relating to the
securities has been filed with the Securities and Exchange Commission
and became effective upon filing. A prospectus supplement relating to
the offering will be filed with the Securities and Exchange Commission.
A shelf prospectus has been filed with the securities regulatory
authorities in certain provinces in Canada and a final prospectus
supplement will be filed with such regulatory authorities.

CORPORATE PROFILE

Royal Gold is a precious metals royalty company engaged in the
acquisition and management of precious metal royalty interests. The
Company owns royalties on 189 properties on sixcontinents,
including royalties on 32 producing mines and 24 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
closing of the offering, the number of shares sold in the offering, and
the use of proceeds from such offering. Factors that could cause actual
results to differ materially from projections or estimates include,
among others, precious metals prices, economic and market conditions,
and other factors described in the Company′s Annual Report on Form 10-K,
and other filings with the Securities and Exchange Commission. 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