Royal Gold Announces the Closing of Its Public Offering of Common Stock

DENVER, April 14  /PRNewswire-FirstCall/ -- ROYAL GOLD, INC. (Nasdaq: RGLD; TSX: RGL), a leading precious metals royalty company, announced today the closing of its public offering of common stock pursuant to the Company's shelf registration statement filed with the Securities and Exchange Commission and a shelf prospectus filed with certain Canadian securities regulatory authorities. The Company sold 6,500,000 shares of common stock at a price of $38.00 per share and has granted the underwriters a 30-day option to purchase up to 975,000 additional shares of common stock to cover over-allotments, if any.  The over-allotment period ends May 14, 2009.  Proceeds to the Company from the offering, net of commission and expenses, are expected to be approximately $235.3 million, assuming the underwriters' over-allotment option is not exercised.

The proceeds from the offering will be used primarily to pay the cash component of the Andacollo transaction that was announced on April 6, 2009.  If the transaction does not close, the net proceeds will be used for general corporate purposes and to fund future acquisitions.

HSBC Securities (USA) Inc. acted as the global coordinator and as the joint book-runner for the offering with Goldman, Sachs & Co. and Scotia Capital (USA) Inc.  Merrill Lynch & Co. and NBF Securities (USA) Corp. were co-managers for the offering.

Copies of the final prospectus supplement and the base shelf prospectus relating to the offering may be obtained either by contacting any of the following underwriters or by accessing the Securities and Exchange Commission's website, http://www.sec.gov/

  HSBC Securities (USA) Inc.
  Attn: Prospectus Dept.
  452 Fifth Avenue
  New York, NY 10018
  Phone: [phone]
  Toll free:  866-811-8049
  Fax: [phone]
  Email: 

  Goldman, Sachs & Co.
  Attn: Prospectus Dept.
  85 Broad Street
  New York, NY 10004
  Phone: [phone] or
  Toll free:  866-471-2526
  Fax: [phone]
  Email: 

  Scotia Capital (USA) Inc.
  Attn: Equity Capital Markets
  One Liberty Plaza, 25th Floor
  New York, NY 10006
  Phone:  [phone]
  Fax:  [phone]
  Email:



Copies of the final Canadian MJDS prospectus supplement and the base shelf prospectus relating to the offering may be obtained by either contacting the following underwriters or by accessing the System for Electronic Document Analysis and Retrieval (SEDAR) established by the Canadian Securities Administrators:

  HSBC Securities (Canada) Inc.
  Attn: Equity Capital Markets (Stephanie Pridmore)
  70 York Street, 4th Floor
  Toronto, Ontario  M5J 1S9
  Canada
  Phone: [phone]
  Fax: [phone]
  Email: 

  Goldman, Sachs & Co.
  Attn: Prospectus Dept.
  85 Broad Street
  New York, NY  10004
  Phone: [phone] or
  Toll free: 866-471-2526
  Fax: [phone]
  Email: 

  Scotia Capital Inc.
  Attn: Equity Capital Markets
  (Paul Angelopoulos)
  40 Kings Street West, 65th Floor
  Toronto, Ontario  M5X 2X6
  Canada
  Phone: [phone]
  Fax: [phone]
  Email: 



This news release and the prospectus obtained from the website established by the Canadian Securities Administrators, http://www.sedar.com/, as the case may be, shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which the offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.  The securities being offered have not been approved or disapproved by any regulatory authority, nor has any such authority passed upon the accuracy or adequacy of the prospectus supplement, the prospectus or the Company's shelf registration statement.

Royal Gold is a precious metals royalty company engaged in the acquisition and management of precious metal royalty interests.  The Company owns royalties on 117 properties on five continents, including royalties on 25 producing mines and 10 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."

Cautionary "Safe Harbor" Statement Under the Private Securities Litigation Reform Act of 1995:  With the exception of historical matters, the matters discussed in this press release include forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from projections or estimates contained herein.  Such forward-looking statements include statements regarding the use of proceeds from the offering and the closing of the Andacollo transaction.  Factors that could cause actual results to differ materially from projections or estimates include, among others, precious metals prices, economic and market conditions, and other factors described in the Company's Annual Report on Form 10-K/A, and other filings with the Securities and Exchange Commission.  Most of these factors are beyond the Company's ability to predict or control.  The Company disclaims any obligation to update any forward-looking statement made herein.  Readers are cautioned not to put undue reliance on forward-looking statements. 

DATASOURCE: Royal Gold, Inc.



CONTACT:  Karen Gross, Vice President and Corporate Secretary of Royal

Gold, Inc., [phone]



Web Site:  http://www.royalgold.com/ 

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