Royal Gold Announces Two New Appointments

Royal Gold, Inc. (NASDAQ:RGLD) (TSX:RGL), today announced the
appointment of Karli Anderson as Vice President, Investor Relations. Ms.
Anderson brings over 15 years′ progressive experience in finance,
investor relations and capital markets to Royal Gold. She will join the
Company from Newmont Mining Corporation, where she serves as Senior
Director, Investor Relations. Previously, Ms. Anderson led the investor
relations function at Coeur d′Alene Mines Corporation and Evergreen
Energy, Inc. She currently serves as Chairman of the Board of Directors
of the Denver Gold Group.

Beginning her new role with Royal Gold on May 15, Ms. Anderson will be
responsible for directing the strategic planning, on-going development
and coordination of all investor relation activities and external
communications for the Company, with a secondary set of responsibilities
related to establishing and maintaining human resource policies and
compensation programs. After a period of transition, Ms. Anderson will
succeed Vice President and Corporate Secretary Karen Gross, who has led
Royal Gold′s investor relations function since 1987 and informed the
Company of her retirement which will now become effective on July 1,
2013. Ms. Gross′ corporate secretarial duties will be assumed by the
Company′s current Vice President and General Counsel.

The Company also announced the appointment of Jason Hynes as Director,
Business Development and Global Sales, a new position that will be
located in Zug, Switzerland. Mr. Hynes joins the Company from Sabina
Gold & Silver Corp. where he serves as Vice President, Corporate
Development. In addition to business development skills, he also brings
over seven years of experience assisting mining companies in investment
banking with National Bank Financial′s Mergers & Acquisitions and Global
Mining & Metals groups in Toronto and Vancouver where he was most
recently a Director, Global Mining & Metals.

Beginning his new role with Royal Gold on July 8, Mr. Hynes will be
responsible for global metal purchase and sale agreements for RGLD Gold
AG, a subsidiary company of Royal Gold. He will also assist Bill
Heissenbuttel, Vice President Corporate Development, in expanding
business development activities and in establishing and maintaining
professional corporate relationships overseas.

Tony Jensen, President and CEO, said, 'Karli′s financial proficiency,
industry relationships, and communications skills will complement our
existing management team, broaden the message of Royal Gold′s value
proposition, and build on the excellent foundation created by Karen.
Jason′s expertise in finance and business development activities, strong
commercial and technical acumen, and thorough understanding of the
precious metals business will prove valuable as we seek to grow our
Company. We are very pleased to have both Karli and Jason join the Royal
Gold team. At the same time, we congratulate Karen on a wonderful career
and sincerely thank her for her dedication to Royal Gold.?

Ms. Anderson holds a Master of Business Administration degree with a
specialization in Finance from the Wharton School at the University of
Pennsylvania and a Bachelor of Science degree from Ohio University in
Athens, Ohio.

Mr. Hynes holds a Master of Business Administration degree with a
specialization in Finance from the University of Toronto′s Rotman School
of Management and an Honours Bachelor of Science in Electrical
Engineering from Queen′s University at Kingston, Ontario.

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 205 properties on six
continents, including interests on 37 producing mines and 28 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