Calculation of Filing Fee Tables

S-8

Elemental Royalty Corp

Table 1: Newly Registered Securities

	Security Type	Security Class Title	Fee Calculation Rule	Amount Registered	Proposed Maximum Offering Price Per Unit	Maximum Aggregate Offering Price	Fee Rate	Amount of Registration Fee
1	Equity	Common Shares, no par value	Other	1,362,005	$ 13.00	$ 17,706,065.00	0.0001381	$ 2,445.20
Total Offering Amounts:						$ 17,706,065.00		$ 2,445.20
Total Fee Offsets:								$ 0.00
Net Fee Due:								$ 2,445.20

Offering Note

¹ Note 1.a. Represents common shares, no par value (the "Common Shares"), of Elemental Royalty Corp. (the "Registrant") issuable pursuant to replacement options of the Registrant governed by the terms of the Stock Option Plan of EMX Royalty Corp. (the "Plan"), registered herein. Note 1.b. Estimated solely for the purpose of calculating the registration fee pursuant to 457(h) under the Securities Act of 1933, as amended and based upon the weighted average exercise price of the outstanding options under the Plan. Note 1.c. Pursuant to Rule 416 promulgated under the Securities Act, this registration statement also covers an indeterminate number of additional Common Shares of the Registrant that may be offered or issued by reason of certain corporate transactions or events, including any stock dividend, stock split or any other similar transaction effected which results in an increase in the number of Common Shares.

Table 2: Fee Offset Claims and Sources ☑Not Applicable

		Registrant or Filer Name	Form or Filing Type	File Number	Initial Filing Date	Filing Date	Fee Offset Claimed	Security Type Associated with Fee Offset Claimed	Security Title Associated with Fee Offset Claimed	Unsold Securities Associated with Fee Offset Claimed	Unsold Aggregate Offering Amount Associated with Fee Offset Claimed	Fee Paid with Fee Offset Source
Rule 457(p)
Fee Offset Claims	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Fee Offset Sources	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A