Premier Royalty Reports on Recent Share Purchases by Sandstorm

Premier Royalty Reports on Recent Share Purchases by Sandstorm 
THUNDER BAY, ONTARIO -- (Marketwire) -- 01/31/13 -- PREMIER ROYALTY
INC. (TSX:NSR) ("Premier Royalty" or the "Company") understands that
Sandstorm Gold Ltd. ("Sandstorm") acquired from Premier Gold Mines
Limited ("Premier Gold") its entire position of common shares and
warrants of the Company on or about January 29, 2013. 
In addition, on January 30, 2013, Sandstorm announced that it
acquired an additional 11 million common shares of the Company. With
the completion of these acquisitions, the Company understands that
Sandstorm owns 46,678,221 common shares of Premier Royalty
representing approximately 59.9% of the currently issued and
outstanding common shares of Premier Royalty. 
Premier Royalty further understands, based on public disclosure, that
the share purchase agreement between Sandstorm and Premier Gold
contains a top up provision whereby if Sandstorm acquires 100% of the
remaining issued and outstanding securities of Premier Royalty on or
before the 18 month anniversary of the execution of the share
purchase agreement (the "Subsequent Acquisition") and the average
price of the securities of Premier Royalty purchased through the
Subsequent Acquisition is greater than the per unit price paid by
Sandstorm under the share purchase agreement, Sandstorm must pay
Premier Gold an amount that is equal to the difference between the
per unit price paid under the share purchase agreement, and the
average price of the voting securities of Premier Royalty that
Premier Gold would have received if Premier Gold sold the common
shares and warrants to Sandstorm pursuant to the Subsequent
In light of these transactions, Premier Royalty's Board is reviewing
the need to appoint a financial advisor. 
Abraham Drost, President and CEO of Premier Royalty stated: 
"We wish to confirm our willingness to work with the board and
management team at Sandstorm. We believe it continues to be "business
as usual" for Premier Royalty as it continues to seek to optimize
shareholder value as we realize on cash-flowing acquisition
opportunities in the mining royalty space." 
About Premier Royalty Inc. 
Premier Royalty Inc. features a high quality cash-flowing royalty
portfolio on several remarkable gold mines incl

--  1.5% NSR on the new (Q4/2012) Emigrant Springs Mine operated by Newmont
    on the Carlin Trend in Nevada, USA
--  1% NSR on the new (Q1/2012) Thunder Creek Deposit of the Timmins West
    Mine operated by Lake Shore Gold Mines in Timmins, Canada
--  1% NSR on the venerable Buffelsfontein Mine operated by Village Main
    Reef in South Africa
--  1% NSR on the Mine Waste Solutions (MWS) tailings processing facility
    operated by AngloGold Ashanti in South Africa
--  1% NSR on the new (2010) Gualcamayo Mine operated by Yamana Gold in San
    Juan Province, Argentina

Premier Royalty Inc. also has a number of promising earlier stage
exploration and development royalties in its growth pipeline and is
actively assessing other potential royalty acquisitions and corporate
development opportunities in stable jurisdictions. 
release includes certain information that may constitute
"forward-looking information" under applicable Canadian securities
legislation. Forward-looking information is necessarily based upon a
number of estimates and assumptions that, while considered
reasonable, are subject to known and unknown risks, uncertainties,
and other factors which may cause the actual results and future
events to differ materially from those expressed or implied by such
forward-looking information, including the risks identified in
Premier Royalty's management information circular dated as of October
31, 2012. There can be no assurance that such information will prove
to be accurate, as actual results and future events could differ
materially from those anticipated in such information. Accordingly,
readers should not place undue reliance on forward-looking
information. All forward-looking information contained in this press
release is given as of the date hereof and is based upon the opinions
and estimates of management and information available to management
as at the date hereof. Premier Royalty disclaims any intention or
obligation to update or revise any forward-looking information,
whether as a result of new information, future events or otherwise,
except as required by law.
Premier Royalty Inc.
Abraham Drost, P.Geo.
President & CEO
807-476-2409 (FAX) 
Nicole Marchand
Investor Relations
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