Royal Gold Amends its Revolving Credit Facility and Term Loan

Royal Gold, Inc. (NASDAQ:RGLD)(TSX:RGL) today announced that it
has amended and restated its term loan ('Term Loan?) and revolving
credit facility ('Revolver?) (collectively, the 'Bank Facilities?). The
Bank Facilities are provided by HSBC Bank USA, National Association and
The Bank of Nova Scotia.

Key modifications to the Bank Facilities include, among other items: 1)
an increase in the maximum availability under the Revolver from $125
million to $225 million; 2) an increase in the total borrowing under the
Term Loan from $110.5 million to $130 million; 3) an extension of the
final maturity date for each of the Bank Facilities to February 1, 2014;
4) a restructuring of the interest rate applicable to the Term Loan,
making it consistent with the interest rate under the Revolver, which
results in a reduction in the current effective rate from LIBOR plus
2.25% to LIBOR plus 1.875%; and 5) a reduction in the amortization rate
for principal payments under the Term Loan from 5% of the initial funded
principal amount per quarter to 3% of the currently funded principal
amount per quarter.

'The increased size and improved terms of this new financing structure
reflects the growth we are experiencing in Royal Gold and provides the
Company with greater liquidity and financial flexibility, and positions
us well for new opportunities,? said Tony Jensen, President and Chief
Executive Officer.

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 187 properties on six
continents, including interests on 33 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.

Royal Gold

Karen Gross, 303-575-6504

Vice President and
Corporate Secretary