Exchange Bulletin

Grenville Strategic Royalty Corp. (GRC) To Trade On Toronto Stock Exchange


February 21, 2014

GRENVILLE STRATEGIC ROYALTY CORP. ("GRC")("GRC.WT")
[formerly Troon Ventures Ltd. ("TVN.H")]
BULLETIN TYPE: Reverse Takeover-Completed, Graduation from NEX to TSX Venture,
Name Change, Resume Trading, New Listing-Warrants
BULLETIN DATE: February 20, 2014
NEX Company

TSX Venture Exchange (the 'Exchange') has accepted for filing Troon Ventures
Ltd.'s (the 'Company' - now Grenville Strategic Royalty Corp.) Reverse Takeover
(the 'RTO') and related transactions, all as principally described in its
information circular dated January 14, 2014 (the 'Information Circular'). The
RTO includes the following matters, all of which have been accepted by the
Exchange.

1. Reverse Takeover-Completed:

Pursuant to a Business Combination Agreement (the 'Agreement') executed between
Troon Ventures Ltd. and Grenville Strategic Royalty Corp. ('Grenville'), a
private Ontario company, on December 17, 2013, the Company undertook a Plan of
Arrangement (the 'Arrangement'). Pursuant to the Arrangement, former Troon
Ventures Ltd. shareholders received 0.6896 of a Company share and 0.3448 of a
share purchase warrant of the Company for each one (1) share held. Pursuant to
the Agreement, Grenville shareholders received one (1) share of the Company for
one (1) share of Grenville held.

The Exchange has been advised that the Company's Arrangement and the related
transactions have received approval from shareholders and have been completed.
For additional information please refer to the Information Circular available
under the Company's profile on SEDAR.

2. Graduation from NEX to TSX Venture:

Effective at the opening on Friday, February 21, 2014, the Company will
graduate from NEX to TSX Venture.

3. Name Change and Resume Trading:

Pursuant to a resolution passed by shareholders February 13, 2014, the Company
has changed its name as follows. There is no consolidation of capital.

Effective at the opening on Friday, February 21, 2014, the common shares of
Grenville Strategic Royalty Corp. will commence trading on TSX Venture
Exchange, and the common shares of Troon Ventures Ltd. will be delisted. The
Company is classified as a Tier 2 'Investment' company.

Corporate Jurisdiction: British Columbia

Capitalization: Unlimited shares with no par value of which
39,269,856 shares are issued and outstanding
Escrow: 6,712,622 escrowed shares

Transfer Agent: Computershare Investor Services Inc.
Trading Symbol: GRC (new)
CUSIP Number: 39773A100 (new)

4. New Listing-Warrants:

Effective at the opening on Friday, February 21, 2014, the common share
purchase warrants of Grenville Strategic Royalty Corp. will commence trading on
the TSX Venture Exchange.

Capitalization of Warrants: Unlimited warrants with no par value of which
9,660,538 warrants are issued and outstanding
Escrow: 656,311 escrowed warrants

Warrant Trading Symbol: GRC.WT
Warrant CUSIP Number: 39773A118

The warrants were issued to former Troon Ventures Ltd. shareholders pursuant to
the Arrangement. Each warrant entitles the holder to purchase one common share
of the Company at a price of $0.42 per share and will expire twenty four (24)
months from the effective date of the Arrangement on Friday, February 19, 2016.