(All dollar amounts are in United States Dollars unless otherwise indicated)

VANCOUVER, BCFeb. 8, 2022 /CNW/ - Nova Royalty Corp. ("Nova" or the "Company") (TSXV: NOVR) (OTCQB: NOVRF) is pleased to announce that, further to its news release dated January 10, 2022, it has completed its acquisition (the "Transaction") of an existing 0.135% net smelter return ("NSR") royalty on the Copper World and Rosemont copper projects in Arizona (the "Royalty"), owned by Hudbay Minerals Inc. (TSX: HBM) (NYSE: HBM). Nova has also been granted a Right of First Refusal in respect to an additional 0.540% NSR covering the same area as the Royalty.