Montréal, Québec – March 30, 2006 - Canadian Royalties Inc.
(TSX-CZZ) reports initial indicated resources at the Ivakkak
deposit of 520,000 tonnes grading 1.62% nickel (Ni), 2.06% 
copper (Cu), 0.07% cobalt (Co), 0.17 g/t gold (Au), 0.78 g/t 
platinum (Pt) and 3 .42 g/t palladium (Pd) [4.4 g/t Pt + Pd + 
Au (PGE)], and 105,000 tonnes inferred resources grading 1.66%
Ni, 1.88% Cu, 0.07% Co, 0.16 g/t Au, 0.79 g/t Pt and 3.40 g/t Pd
(4.3 g/t PGE). This increases the total indicated resources on
Canadian Royalties’ Raglan South Nickel project to 11,088,000
tonnes with a weighted average grade of 1.0% Ni, 1.2% Cu and 3.1 
g/t PGE. Inferred resources now stand at 954,000 tonnes at 1.6%
Ni, 1.5% Cu and 3.5 g/t PGE.