Royal Gold Acquires Benso Royalty From FairWest Energy Corporation

    DENVER, Oct. 31 /CNW/ -- ROYAL GOLD, INC. (Nasdaq:   RGLD; TSX: RGL), the
leading publicly-traded precious metals royalty company, today announced the
purchase of a 1.5% net smelter return ("NSR") royalty from FairWest Energy
Corporation ("FairWest") on the Benso gold concession in Ghana for $1.875
million.  The Benso concession, controlled by Golden Star Resources Ltd
("Golden Star"), is located approximately 25 miles south of Golden Star's
Wassa mine.  Golden Star has reported that, as of June 15, 2007, the project
contains 252,000 ounces of proven and probable reserves. The acquisition is
subject to certain conditions including the registration of the royalty in
Ghana and approval of the transfer of the royalty by the Minister of Lands,
Forestry, and Mines of the Republic of Ghana.
    Tony Jensen, Royal Gold's President and Chief Executive Officer,
commented, "We are pleased to add another near term royalty to our development
stage portfolio.  Golden Star recently announced construction of the road from
Benso to the Wassa processing plant and plans to begin haulage of high grade
ore from the project in the third quarter of calendar 2008.  This new
acquisition brings us another royalty in West Africa and will complement our
existing portfolio."
    Golden Star Resources Ltd. (Amex:   GSS; TSX: GSC), a Denver-based company,
holds a 90% equity interest in Golden Star (Bogoso/Prestea) Limited and Golden
Star (Wassa) Limited, which respectively own the Bogoso/Prestea and Wassa
open-pit gold mines in Ghana. In addition, Golden Star has an 81% interest in
the currently inactive Prestea Underground mine in Ghana, as well as gold
exploration interests elsewhere in Ghana, in other parts of West Africa and in
the Guiana Shield of South America.
    Royal Gold is a precious metals royalty company engaged in the
acquisition and management of precious metal royalty interests.  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."  The Company's web
page is located at
    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 are 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 estimates of proven and probable reserves,
near term royalty, the timing of haulage of ore and the registration and
transfer of the royalty.  In addition, acquired royalty interests on certain
projects are subject to risks associated with conducting business in a foreign
country, including application of foreign laws to contract and other disputes,
foreign environmental laws and enforcement and uncertain political and
economic environments.  Factors that could cause actual results to differ
materially from projections include, among others, satisfaction of conditions
to closing, and precious metals prices, decisions and activities of the
operator of the various properties, unanticipated grade, geological,
metallurgical, processing or other problems the operator may encounter,
changes in project parameters as plans continue to be refined, economic and
market conditions, as well as other factors described elsewhere in this press
release and in our Annual Report on Form 10-K, 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.

For further information:

For further information: Karen Gross, Vice President and Corporate 
Secretary of Royal Gold, Inc., +1-303-573-1660 Web Site:

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