Royal Gold Announces Election of Gordon J. Bogden to Fill New Board Seat

Royal Gold, Inc. (NASDAQ:RGLD) (TSX:RGL), today announced the
expansion of their Board of Directors from seven to eight members, and
the election of Gordon Bogden to fill the newly created position.

Mr. Bogden has over 30 years experience as a senior executive,
investment banker and geoscientist to the mining industry. He has worked
with some of the largest mining companies on mergers, acquisitions and
restructurings, and raising capital in the international debt and equity
markets. Mr. Bogden is Co-Founder, President and Managing Partner of
Gryphon Partners in Canada, an independent investment bank with offices
in Canada and Australia that provides corporate advisory services to
mining companies on strategy and mergers and acquisitions. He is also
currently Chairman of Volta Resources Inc, and a director of Aeroquest
International Limited and Comino Resources Corp.

Mr. Bogden holds a B.Sc. (Hons.) in Applied Science from Queen′s
University and an ICD.D from the Rotman School of Management at the
University of Toronto, and is a member of the Professional Engineers
Ontario.

He was previously Vice Chairman and Head of Global Metals and Mining at
National Bank Financial Inc., and a senior investment banker with Beacon
Group Advisors, Newcrest Capital, Rothschild & Sons Canada, and CIBC
Wood Gundy Securities. Mr. Bogden is a former director of IAMGOLD
Corporation, International Royalty Corporation and Canplats Resources
Corp.

Stanley Dempsey, Chairman of the Board, commented, 'We are pleased to
welcome Gordon to our board. His extensive experience in the capital
markets and investment banking, and expertise in the precious metals
royalty business will be a great complement to our existing Board.?

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 36 producing mines and 23 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, Inc.

Karen Gross, 303-575-6504

Vice
President and Corporate Secretary