ISS International Samuel Exploration Corp

NOT FOR DISTRIBUTION IN THE UNITED STATES. FAILURE TO COMPLY WITH THIS
RESTRICTION MAY CONSTITUTE A VIOLATION OF UNITED STATES SECURITIES LAW. 


Alaris Royalty Corp. ("Alaris" or the "Corporation") (TSX:AD) is announcing that
it has adopted certain minor amendments (the "Amendments") to its restricted
share unit plan (the "RSU Plan") as well as its share option plan (the "Option
Plan") (collectively the "Plans"). 


The Option Plan has been amended to: (i) add an annual limit for grants to each
non-employee director of Alaris of $100,000 in grant date fair value (equal to
the accounting fair value determined in respect of the option grants for Alaris'
annual financial reporting purposes); and (ii) add a restriction on increasing
the foregoing limit without shareholder approval. The RSU Plan has been amended
to: (i) add an annual limit for grants to each non-employee director of Alaris
of $150,000 in grant date fair value (equal to the accounting fair value
determined in respect of the RSU grants for Alaris' annual financial reporting
purposes), provided that the maximum annual equity award value for each
non-employee director under all equity compensation plans shall not exceed
$150,000; (ii) add a limit on the number of common shares of Alaris ("Common
Shares") that may be reserved for issuance to non-employee directors at any time
pursuant to outstanding restricted share units ("RSUs") equal to 0.5% of the
issued and outstanding Common Shares; (iii) to add a limit on the maximum number
of Common Shares available for issuance under the RSU Plan equal to 2.0% of the
issued and outstanding Common Shares; and (iv) add a restriction on increasing
the limits in (i) through (iii) without shareholder approval. 


The Amendments have been made to address comments raised by Institutional
Shareholder Services ("ISS") in the course of its review of the matters to be
voted on at Alaris' upcoming annual general and special meeting of shareholders
(the "Meeting") to be held on May 8, 2014. Although the Amendments will not
result in any substantive impact on Alaris' normal practices with respect to
option and RSU grants, as those practices were already compliant with the spirit
of the Amendments, Alaris has made the Amendments in recognition that such
changes bring the form of the Option Plan and RSU Plan into closer alignment
with the latest corporate governance best practices for a company of the size
and development of Alaris.


The board of directors of Alaris (the "Board") believes that the Amendments have
addressed all of ISS's comments regarding the Plans. Alaris believes a critical
component of their executive compensation program is the provision of the
long-term incentives to the executives, senior managers and other key employees
of the organization to ensure that a clear link exists between employee
compensation and the growth in shareholder value. The Plans are a fundamental
component of its corporate strategy which is designed to align individual goals
and objectives with Alaris' objective of creating shareholder value. As such the
Board encourages shareholders to vote FOR the resolutions approving (i) the
unallocated options under the Option Plan and (ii) the unallocated RSUs under
the RSU Plan at the Meeting. 


About the Corporation:

Alaris provides alternative financing to the Private Company Partners
("Partners") in exchange for royalties or distributions with the principal
objective of generating stable and predictable cash flows for dividend payments
to its shareholders. Royalties or distributions from the Private Company
Partners are structured as a percentage of a "top line" financial performance
measure such as gross margin and same-store sales and rank in priority to the
owners' common equity position.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Alaris Royalty Corp.
Curtis Krawetz
Vice President, Investments and Investor Relations
403-221-7305
www.alarisroyalty.com

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