2022 ASSET HANDBOOK 80 FNV TSX NYSE PRECIOUS METALS Canada Other Canada Assets Canada Precious Metals Please refer to the tables on pages 128-136 for a breakout of grade and tonnages by Mineral Resource category. Franco-Nevada holds a 1% NSR on the past-producing Eskay Creek gold-silver project in British Columbia’s Golden Triangle. Eskay Creek was the highest-grade gold mine in the world when in production, producing 3.3 million ounces of gold and 160 million ounces of silver at average grades of 45 g/t gold and 2,224 g/t silver from 1994-2008. In July 2021, Skeena Resources Limited (“Skeena”) announced a positive prefeasibility study, outlining average annual production of 249,000 ounces of gold and 7.2 million ounces of silver over a 10-year mine life. The prefeasibility study indicated a high-grade open-pit with Proven and Probable Mineral Reserves of 3.88 Moz AuEq (26.4 Mt at 3.37 g/t Au and 94 g/t Ag) and a mill throughput of 7,945 tpd with a flotation plant producing saleable concentrate. Skeena anticipates further increases to the annual production profile as part of a feasibility study expected in 2022. In December 2021, Franco-Nevada entered into an agreement with Skeena to amend the terms of its existing 1% NSR royalty agreement such that the existing royalty will cover substantially all of the Eskay Creek gold-silver project land package, including all currently-known mineralized zones. Franco-Nevada was also granted by Skeena a right of first refusal over the sale of a 0.5% NSR royalty on Eskay Creek. If Skeena has not sold the 0.5% NSR royalty by October 2, 2023, Franco-Nevada will have the right to purchase this royalty for C$22.5 million. In January 2022, Skeena released positive exploration results with the discovery of the 23 Zone and, in March 2022, announced the 21A West Zone Expansion discovery, both of which are covered by Franco-Nevada’s royalty. For Royalty Ounce calculation, Franco-Nevada estimates 100% of the Mineral Reserves and Mineral Resources are subject to our royalty interest and estimates a rate of 1% is applicable Eskay Creek Au & Ag British Columbia, Canada Operator: Skeena Resources Limited Royalty: NSR: 1% Precious Metals Franco-Nevada has a 2% NSR (subject to a buy-back of 0.5%) on the water claims, which cover the majority of Mineral Reserves, of the Bateman gold project in Red Lake, Ontario. In July 2020, Rubicon Minerals Corp. (“Rubicon”) completed its corporate name change to Battle North Gold Corporation (“Battle North”), while also changing the name of the Phoenix gold project to the Bateman gold project. In May 2021, Evolution Mining Limited (“Evolution Mining”) announced the completion of its acquisition of Battle North. Under Evolution Mining, Bateman is being reported under Red Lake for public reporting purposes (Franco-Nevada does not have a royalty on Evolution Mining’s other Red Lake properties). The consolidated operation will consist of the Lower Red Lake, Upper Campbell, Cochenour and McFinley mining areas that will provide ore to the Campbell, Red Lake and Bateman mills with a total processing capacity target of two million tonnes by 2026. Ore from the deposits not covered by Franco-Nevada’s royalty will likely be higher priority through the mills in the short to medium term. The Bateman pr oject is located 10 km north of Evolution Mining’s Red Lake mine. In November 2015, Rubicon announced a temporary shutdown of underground activities to enhance its geologic model and develop an implementation plan as the gold mineralization was more geologically complex than anticipated. This included a material reduction to the contained gold ounces estimated. In October 2020, Battle North announced feasibility study results for the Bateman gold project. The base case study outlined life of mine payable gold production of 602,987 ounces, averaging 73,835 ounces per year for 8.2 years from initial production. Of the 8.2 years, 7 years were classified as commercial production, which the company defined as an average of 70% of the 1,250 tpd permitted capacity, over 90 consecutive days. The project contemplated an 1,800 tpd mill with excess capacity for potential incremental tonnes from F2, McFinley and Pen Zones (contemplating 2,500 tpd for the expanded mill). The 1,800 tpd mill was constructed in 2015 prior to shut down and is currently permitted to 1,250 tpd. Evolution Mining anticipates that the Battle North acquisition will enable growth plans to be accelerated at Red Lake. The acquisition also provides Evolution Mining the opportunity to build on its track record as a safe and sustainable operator for the long-term benefit of a broad range of stakeholders including the local workforce, regional communities and the Wabauskang and Lac Seul First Nation Partners. For Royalty Ounce calculation, Franco-Nevada estimates 100% of the Mineral Reserves and Mineral Resources are subject to our royalty interest and estimates a rate of 1.5% is applicable in anticipation that Evolution Mining exercises its right to repurchase 0.5% of the 2.0% NSR Red Lake (Bateman) Au Ontario, Canada Operator: Evolution Mining Limited Royalty: NSR: 2% Precious Metals