Royal Gold Announces Regular Quarterly Dividend on Its Preferred Stock

    DENVER, Jan. 10 /CNW/ -- ROYAL GOLD, INC. (Nasdaq:   RGLD; TSX: RGL), the
leading publicly-traded precious metals royalty company, today announced that
its Board of Directors has declared the regular quarterly dividend for the
first dividend period of $1.9333  per share on the 7.25% Mandatory Convertible
Preferred Stock. The dividend is payable on February 15, 2008 to shareholders
of record at the close of business on February 1, 2008.  The dividend will be
paid in cash.
    Royal Gold is a precious metals royalty company engaging 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

For further information:

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

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