• Venus Metals Corporation sold its 1.0% net smelter return royalty on Youanmi Gold Project for $46 million to Franco-Nevada Australia.
• The company intends to declare special dividends of approximately $35 million in cash and 25 million Rox shares.
• Completion of the Royalty Sale is scheduled for today.

Venus Metals Corporation Limited (ASX:VMC) has announced the sale of its 1.0% net smelter return royalty on the Youanmi Gold Project to Franco-Nevada Australia Pty Ltd for $46 million in cash. The sale, which has no conditions and is set to complete today, represents a significant profit for Venus. The company intends to declare two special dividends: a cash dividend of approximately $35 million and a distribution dividend of 25 million Rox shares, subject to board approval. The cash dividend is expected to be greater than 75% franked, while the distribution dividend represents a current value of approximately $10.625 million. Venus will provide further details regarding the proposed dividends once declared.

Venus Metals Corporation expects to return approximately $45 million to shareholders through the sale and special dividends.

Venus Metals Corporation remains committed to maximizing shareholder value and will continue to pursue opportunities that recognize the value of its asset portfolio.