Royal Gold Names Wenger as Chief Financial Officer

DENVER, May 25 /CNW/ -- ROYAL GOLD, INC.
(Nasdaq: RGLD; TSX: RGL) the leading publicly-traded precious metals royalty
company, today announced that Stefan L. Wenger has been promoted to Chief
Financial Officer, effective July 1, 2006.  Mr. Wenger joined the Company in
2003, serving as Controller, and later that year was promoted to Treasurer and
Chief Accounting Officer.  He became a member of the Company's senior
management team in the fall of 2003.
Wenger has played a prominent role in financing the Company's growth,
stewarding our assets, and executing our royalty acquisition strategy, which
are critical to the long-term success of the Company.  His strong financial
background and business acumen make him a critical part of Royal Gold's senior
management team.
Prior to his initial position with Royal Gold, Mr. Wenger spent
eight years providing audit and business advisory services to the mining, oil
and gas, and communications industries.  The bulk of this experience was
gained working for Arthur Andersen LLP and PricewaterhouseCoopers LLP in
various positions of increasing responsibility.  Mr. Wenger has a bachelor's
degree in business administration from Colorado State University with an
emphasis in accounting and a minor in economics.  He is a member of the
Financial Executives International, the Colorado Society of Certified Public
Accountants, and the American Institute of Certified Public Accountants.

Royal Gold is a precious metals royalty company engaging in the
acquisition and management of precious metals royalty interests.  Royal Gold
is publicly traded on the NASDAQ National Market System, under the symbol
"RGLD" and on the Toronto Stock Exchange, under the symbol "RGL."  The
Company's web page is located at www.royalgold.com.