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<SEC-DOCUMENT>0000950123-10-085977.txt : 20100914
<SEC-HEADER>0000950123-10-085977.hdr.sgml : 20100914
<ACCEPTANCE-DATETIME>20100914135753
ACCESSION NUMBER:		0000950123-10-085977
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20100901
FILED AS OF DATE:		20100914
DATE AS OF CHANGE:		20100914

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TERRA NOVA ROYALTY Corp
		CENTRAL INDEX KEY:			0000016859
		STANDARD INDUSTRIAL CLASSIFICATION:	WHOLESALE-INDUSTRIAL MACHINERY & EQUIPMENT [5084]
		IRS NUMBER:				131818111
		STATE OF INCORPORATION:			A1
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-04192
		FILM NUMBER:		101071085

	BUSINESS ADDRESS:	
		STREET 1:		SUITE 1620 - 400 BURRARD
		CITY:			VANCOUVER
		STATE:			A1
		ZIP:			V6C 3A6
		BUSINESS PHONE:		604-683-5767

	MAIL ADDRESS:	
		STREET 1:		SUITE 1620 - 400 BURRARD
		CITY:			VANCOUVER
		STATE:			A1
		ZIP:			V6C 3A6

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	KHD HUMBOLDT WEDAG INTERNATIONAL LTD.
		DATE OF NAME CHANGE:	20051103

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	MFC BANCORP LTD
		DATE OF NAME CHANGE:	19970313

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	ARBATAX INTERNATIONAL INC
		DATE OF NAME CHANGE:	19960603
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>c05899e6vk.htm
<DESCRIPTION>FORM 6-K
<TEXT>
<HTML>
<HEAD>
<TITLE>Form 6-K</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->
<DIV style="font-family: 'Times New Roman',Times,serif; margin-left: .25in; width: 7.20in">

<DIV style="width: 100%; border-bottom: 2pt solid black; font-size: 1pt">&nbsp;</DIV>
<DIV style="width: 100%; border-bottom: 1pt solid black; font-size: 1pt">&nbsp;</DIV>






<DIV align="center" style="font-size: 14pt; margin-top: 10pt"><B>U.S. SECURITIES AND EXCHANGE COMMISSION<BR>
Washington D.C. 20549</B>
</DIV>

<DIV align="center" style="font-size: 18pt; margin-top: 10pt"><B>FORM 6-K</B>
</DIV>


<DIV align="center" style="font-size: 12pt; margin-top: 10pt"><B>REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16<BR> UNDER THE SECURITIES EXCHANGE ACT OF 1934</B>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 10pt"><B>For the month of September, 2010</B></DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 10pt"><B>Commission File No.: 001-04192</B></DIV>

<DIV align="center" style="font-size: 10pt"><IMG src="c05899p0589901.gif" alt="TERRA NOVA ROYALTY CORPORATION LOGO"></DIV>

<DIV align="center" style="font-size: 24pt; margin-top: 10pt"><B>Terra Nova Royalty Corporation</B>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 0pt"><I>(Translation of Registrant&#146;s name into English)</I></DIV>

<DIV align="center" style="font-size: 12pt; margin-top: 10pt"><B>Suite #1620 &#151; 400 Burrard Street, Vancouver, British Columbia, Canada V6C 3A6</B></DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 0pt"><I>(Address of principal executive office)</I></DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 10pt; text-indent: 1%">Indicate by check mark whether the registrant files or will file annual reports under cover of
Form&nbsp;20-F or Form&nbsp;40-F.
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="50%">
<!-- Begin Table Head --><TR valign="bottom">
    <TD width="47%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="47%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD align="center" valign="top"><FONT face="Wingdings">&#254;</FONT> Form&nbsp;20-F
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="bottom"><FONT face="Wingdings">&#111;</FONT> Form&nbsp;40-F</TD>
</TR>
<!-- End Table Body --></TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 10pt; text-indent: 1%">Indicate by check mark whether the registrant is submitting the Form 6-K in paper as permitted
by Regulation&nbsp;S-T Rule&nbsp;101(b)(1): <FONT face="Wingdings">&#111;</FONT>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt; text-indent: 1%"><B>Note:</B>&nbsp;&nbsp;Regulation&nbsp;S-T Rule&nbsp;101(b)(1) only permits the submission in paper of a Form&nbsp;6-K if
submitted solely to provide an attached annual report to security holders.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt; text-indent: 1%">Indicate by check mark whether the registrant is submitting the Form 6-K in paper as permitted
by Regulation&nbsp;S-T Rule&nbsp;101(b)(7): <FONT face="Wingdings">&#111;</FONT>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt; text-indent: 1%"><B>Note:</B>&nbsp;&nbsp;Regulation&nbsp;S-T Rule&nbsp;101(b)(7) only permits the submission in paper of a Form&nbsp;6-K if
submitted to furnish a report or other document that the registrant foreign private issuer must
furnish and make public under the laws of the jurisdiction in which the registrant is incorporated,
domiciled or legally organized (the registrant&#146;s &#147;home country&#148;), or under the rules of the home
country exchange on which the registrant&#146;s securities are traded, as long as the report or other
document is not a press release, is not required to be and has not been distributed to the
registrant&#146;s security holders, and, if discussing a material event, has already been the subject of
a Form&nbsp;6-K submission or other Commission filing on EDGAR.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt; text-indent: 1%">Indicate by check mark whether by furnishing the information contained in this Form, the
registrant is also thereby furnishing the information to the Commission pursuant to Rule&nbsp;12g3-2(b)
under the Securities Exchange Act of 1934.
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="50%">
<!-- Begin Table Head --><TR valign="bottom">
    <TD width="47%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="47%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD align="center" valign="top"><FONT face="Wingdings">&#111;</FONT> Yes
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="bottom"><FONT face="Wingdings">&#254;</FONT> No</TD>
</TR>
<!-- End Table Body --></TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 10pt; text-indent: 1%">If &#147;Yes&#148; is marked, indicate below the file number assigned to the Registrant in connection
with Rule&nbsp;12g3-2(b): <FONT face="Wingdings">&#111;</FONT>
</DIV>

<DIV style="width: 100%; border-bottom: 1pt solid black; margin-top: 10pt; font-size: 1pt">&nbsp;</DIV>
<DIV style="width: 100%; border-bottom: 2pt solid black; font-size: 1pt">&nbsp;</DIV>





<P align="center" style="font-size: 10pt">&nbsp;

<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif; margin-left: .25in; width: 7.20in">







<DIV align="center" style="font-size: 10pt; margin-top: 10pt"><B>Form&nbsp;51-102F3</B>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 10pt"><B>Material Change Report</B>
</DIV>


<DIV style="margin-top: 10pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">1.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>REPORTING ISSUER</B></TD>
</TR>

</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 10pt; margin-left: 4%">TERRA NOVA ROYALTY CORPORATION<BR>
Suite&nbsp;1620 400 Burrard Street<BR>
Vancouver, British Columbia, V6C 3A6
</DIV>

<DIV style="margin-top: 10pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">2.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>DATE OF MATERIAL CHANGE</B></TD>
</TR>

</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 10pt; margin-left: 4%">September&nbsp;13, 2010
</DIV>

<DIV style="margin-top: 10pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">3.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>NEWS RELEASE</B></TD>
</TR>

</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 10pt; margin-left: 4%">On September&nbsp;13, 2010, Terra Nova Royalty Corporation (the &#147;Company&#148;) issued a news release
through PR Newswire, which was also filed on SEDAR.
</DIV>

<DIV style="margin-top: 10pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">4.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Summary of Material Change</B></TD>
</TR>

</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 10pt; margin-left: 4%">The Company announced that it will distribute 9,474,384 common shares (the &#147;KID Shares&#148;) of
KHD Humboldt Wedag International AG (&#147;KID&#148;), representing approximately 28.8% of the total
issued KID Shares, by way of a <I>pro-rata </I>special dividend (the &#147;Distribution&#148;) to the
Company&#146;s shareholders of record as of September&nbsp;23, 2010 (the &#147;Record Date&#148;). The
Distribution will be made on the basis of one KID Share for every four common shares of the
Company held at the Record Date (no fractional shares will be issued and amounts will be
rounded to the nearest whole number).
</DIV>

<DIV style="margin-top: 10pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">5.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Full Description of Material Change</B></TD>
</TR>

</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 10pt; margin-left: 4%">The Company announced that it will distribute 9,474,384 KID Shares, representing
approximately 28.8% of the total issued KID Shares, by way of a <I>pro-rata </I>special dividend to
the Company&#146;s shareholders of record as of the Record Date. The Distribution will be made
on the basis of one KID Share for every four common shares of the Company held at the Record
Date (no fractional shares will be issued and amounts will be rounded to the nearest whole
number).
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 10pt; margin-left: 4%">The Distribution is the third distribution of KID Shares by the Company pursuant to the
Company&#146;s previously announced plan to restructure into two distinct publicly traded
companies, being: (i)&nbsp;a mineral royalty and natural resources company; and (ii)&nbsp;an
industrial plant technology, equipment and service company.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 10pt; margin-left: 4%">Pursuant to the Distribution, each holder of record as at the Record Date will receive one
KID Share for every four common shares of the Company held at such date. No fractional KID
Shares or interests therein will be issued and the amount of KID Shares to be distributed
will be rounded to the nearest whole number.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 10pt; margin-left: 4%">The KID Shares can only be received in electronic form through Clearstream, a security
depository and the principal clearing house for the Frankfurt Stock Exchange.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 10pt; margin-left: 4%">For further information, please refer to the Company&#146;s news release dated September&nbsp;13,
2010, a copy of which is attached as Appendix &#147;A&#148; hereto.
</DIV>
<P align="center" style="font-size: 10pt">&nbsp;

<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif; margin-left: .25in; width: 7.20in">

<DIV style="margin-top: 10pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">6.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>RELIANCE ON SUBSECTION 7.1(2) OR (3)&nbsp;OF NATIONAL INSTRUMENT 51-102</B></TD>
</TR>

</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 10pt; margin-left: 4%">Not applicable.
</DIV>

<DIV style="margin-top: 10pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">7.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>OMITTED INFORMATION</B></TD>
</TR>

</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 10pt; margin-left: 4%">No significant facts otherwise required to be disclosed in this report have been omitted.
</DIV>

<DIV style="margin-top: 10pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">8.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>EXECUTIVE OFFICER</B></TD>
</TR>

</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 10pt; margin-left: 4%">The following executive officer of the Issuer is knowledgeable about the material change and
may be contacted by any of the Securities Commissions in respect to the change:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 10pt; margin-left: 4%">Michael Smith<BR>
Interim President and Chief Executive Officer<BR>
604-683-8286 (contact through Rene Randall)
</DIV>

<DIV style="margin-top: 10pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">9.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Date of Report</B></TD>
</TR>

</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 10pt; margin-left: 4%">September&nbsp;14, 2010
</DIV>
<P align="center" style="font-size: 10pt">&nbsp;

<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif; margin-left: .25in; width: 7.20in">

<DIV align="center" style="font-size: 10pt; margin-top: 10pt"><B>APPENDIX &#147;A&#148;</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt"><IMG src="c05899p0589902.gif" alt="TERRA NOVA ROYALTY CORPORATION LOGO">
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head --><TR valign="bottom">
    <TD width="32%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="21%">&nbsp;</TD>
    <TD width="4%">&nbsp;</TD>
    <TD width="21%">&nbsp;</TD>
    <TD width="4%">&nbsp;</TD>
    <TD width="18%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="5" align="left"><B>NEWS RELEASE</B></TD>
</TR>

<TR valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Corporate</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Investors</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Media</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Terra Nova Royalty Corp</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Allen &#038; Caron Inc.</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Allen &#038; Caron Inc.</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Rene Randall</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Joseph Allen</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Len Hall</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">1 (604) 683-8286 ex 224</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">1 (212) 691-8087</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">1 (949) 474-4300</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">rene.randall@terranovaroyalty.com</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">joe@allencaron.com</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">len@allencaron.com</TD>
</TR>
<!-- End Table Body --></TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 10pt"><B>TERRA NOVA ANNOUNCES THIRD DISTRIBUTION OF SHARES OF KHD HUMBOLDT WEDAG INTERNATIONAL
AG</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 10pt">NEW YORK (September&nbsp;13, 2010) . . . Terra Nova Royalty Corporation (NYSE: TTT) (the
&#147;Company&#148;) is pleased to announce that it will distribute approximately 9,474,384
common shares (the &#147;KID Shares&#148;) of KHD Humboldt Wedag International AG (&#147;KID&#148;),
representing approximately 28.8% of the total issued KID Shares, by way of a <I>pro-rata</I>
special dividend (the &#147;Distribution&#148;) to the Company&#146;s shareholders. The Distribution
will be:
</DIV>

<DIV style="margin-top: 10pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>paid to shareholders of record as of September&nbsp;23, 2010 (the &#147;Record
Date&#148;); and</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 10pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>on the basis of one KID Share for every four common shares of the Company
held at the Record Date (no fractional shares will be issued and amounts will
be rounded to the nearest whole number).</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt">The Distribution is the third distribution of KID Shares by the Company pursuant to
the Company&#146;s previously announced plan to restructure into two distinct publicly
traded companies, being: (i)&nbsp;a mineral royalty and natural resources company; and (ii)
an industrial plant technology, equipment and service company.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt"><B>The Distribution</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 10pt">Pursuant to the Distribution, each holder of record as of the Record Date will receive
one KID Share for every four common shares of the Company held at such date. No
fractional KID Shares or interests therein will be issued and the amount of KID Shares
to be distributed will be rounded to the nearest whole number.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt">The KID Shares can only be received in electronic form through Clearstream, a security
depository and the principal clearing house for the Frankfurt Stock Exchange.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt">In order to receive their <I>pro rata </I>share of the Distribution, shareholders or their
broker or nominee will be required to have a Clearstream eligible account.
Computershare Trust Company N.A. (&#147;Computershare&#148;) will be the distribution agent for
the Distribution. Computershare has agreed to provide access to a Clearstream
eligible custodian account for registered shareholders who are United States persons
and who do not have access to a Clearstream eligible account. Registered shareholders
who are United States persons whose KID Shares have been deposited into this account
can provide instructions to Computershare in the event that they wish to transfer
their KID Shares and Computershare will carry out such instructions.
</DIV>
<P align="center" style="font-size: 10pt">&nbsp;

<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif; margin-left: .25in; width: 7.20in">

<DIV align="left" style="font-size: 10pt; margin-top: 10pt">Depository Trust Company and CDS Clearing and Depository Services Inc. participants
and registered shareholders, who are not US Persons, will be required to provide
instructions to Computershare as to the deposit of their shares in a Clearstream
eligible account. The KID Shares of such shareholders will be retained by the Company
in its own custodian&#146;s Clearstream eligible account until such instructions are
delivered to Computershare.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt">The KID Shares of non-registered shareholders who own the Company&#146;s common shares
through a broker or other nominee, will either be: (i)&nbsp;deposited into such Clearstream
eligible account as their broker or nominee has instructed Computershare; or (ii)&nbsp;if
no such instructions have been provided by the broker or nominee, retained by the
Company, in the case of non-United States holders, for deposit into its custodian&#146;s
Clearstream eligible account or will be delivered by the Company for deposit in
Computershare&#146;s custodian account, in the case of United Sates registered holders. In
such event, such non-registered shareholder will have to have a broker or nominee
contact the Company in the event that such non-registered shareholder wishes to
transfer the KID Shares. Non-registered shareholders should contact their brokerage
firm for further information.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt">Further materials respecting the Distribution will be mailed to shareholders shortly
after the record date and posted to the Company&#146;s website. Such materials will
include forms to be used by registered shareholders to designate a Clearstream
eligible account for the deposit of their KID Shares. For further information
respecting the Distribution please contact Computershare at:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt">Computershare Trust Company N.A.<BR>
PO Box 43001<BR>
Providence, Rhode Island 02940-3001<BR>
USA

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt">Contact: Computershare Global Transaction Unit<BR>
Telephone: 1-877-624-5999 (toll free within North America) or 1-781-575-4086<BR>
Email: USAllGlobalTransactionTeam@computershare.com

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt"><B>Canadian Withholding Tax</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 10pt">The Distribution will not be subject to Canadian withholding tax. We recommend that
shareholders contact their financial and tax advisors for guidance with respect to
other potential tax consequences relating to the Distribution, including provincial,
territorial or foreign tax considerations.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt"><B>Ineligible Jurisdictions</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 10pt">Pursuant to the Distribution, KID Shares will not be distributed in any jurisdiction
in which such distribution would be unlawful. Shareholders resident in such
jurisdictions will have their <I>pro rata </I>entitlement liquidated by Computershare and
will receive the proceeds less any applicable deductions.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt"><B>About KID</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 10pt">The KID Shares are listed on the Frankfurt Stock Exchange under the symbol &#147;KWG&#148;. The
KID Shares are exempt from registration in the United States under Rule&nbsp;12g3-2 under
the Securities Exchange Act of 1934. As such, KID will publish in English, on its
website at <U>www.KHD.com</U>, information made public pursuant to the applicable securities laws of
Germany and the requirements of the Frankfurt Stock Exchange, which currently includes
annual financial statements for the fiscal year ended December&nbsp;31, 2009 and interim
financial information for the quarters ended March&nbsp;31 and June&nbsp;30, 2010. In
addition, for further information respecting KID please refer to KID&#146;s website and the
Company&#146;s Management Information Circular dated March&nbsp;1, 2010, which includes an
information statement respecting KID, its business and operations and which is
available under the Company&#146;s profile on <U>www.sedar.com</U> and was filed with the
United States Securities and Exchange Commission on Form 6-K on March&nbsp;3, 2010.
</DIV>
<P align="center" style="font-size: 10pt">&nbsp;

<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

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<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif; margin-left: .25in; width: 7.20in">

<DIV align="left" style="font-size: 10pt; margin-top: 10pt"><U><B>About Terra Nova Royalty Corporation </B></U>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 10pt">Terra Nova Royalty Corporation is active in the mineral royalty and natural resources
industry. To obtain further information on the Company, please visit our website at:
http://www.terranovaroyalty.com.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt"><I>Disclaimer for Forward-Looking Information</I>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 10pt"><I>Certain statements in this news release are forward-looking statements, which reflect
our management&#146;s expectations regarding our future growth, results of operations,
performance and business prospects and opportunities. Forward-looking statements
consist of statements that are not purely historical, including any statements
regarding beliefs, plans, expectations or intentions regarding the future. While these
forward-looking statements, and any assumptions upon which they are based, are made in
good faith and reflect our current judgment regarding the direction of our business,
actual results will almost always vary, sometimes materially, from any estimates,
predictions, projections, assumptions or other future performance suggested herein. No
assurance can be given that any of the events anticipated by the forward-looking
statements will occur or, if they do occur, what benefits we will obtain from them.
These forward-looking statements reflect management&#146;s current views and are based on
certain assumptions and speak only as of the date hereof. These assumptions, which
include management&#146;s current expectations, estimates and assumptions about our
business and the markets we operate in, the global economic environment, interest
rates, exchange rates and our ability to manage our assets and operating costs, may
prove to be incorrect. A number of risks and uncertainties could cause our actual
results to differ materially from those expressed or implied by the forward-looking
statements, including: (i)&nbsp;changes in iron ore and other commodities prices; (ii)&nbsp;the
performance of the properties underlying our interests; (iii)&nbsp;decisions and activities
of the operator of our royalty properties and other interests; (iv)&nbsp;unanticipated
grade, geological, metallurgical, processing or other problems experienced by the
operators of our royalty properties and other interests; (v)&nbsp;economic and market
conditions; and (vi)&nbsp;the availability of royalties for acquisition or other
acquisition opportunities and the availability of debt or equity financing necessary
to complete such acquisitions. There is a significant risk that our forecasts and
other forward-looking statements will not prove to be accurate. Investors are
cautioned not to place undue reliance on these forward-looking statements. No
forward-looking statement is a guarantee of future results. Except as required by law,
we disclaim any intention or obligation to update or revise any forward-looking
statements, whether as a result of new information, future events or otherwise.
Additional information about these and other assumptions, risks and uncertainties are
set out in our MD&#038;A for the six months ended June&nbsp;30, 2010 filed with Canadian
securities regulators and filed on </I><I>Form 6-K</I><I> with the SEC and our </I><I>Form 20-F</I><I> for the
year ended December&nbsp;31, 2009.</I>
</DIV>
<P align="center" style="font-size: 10pt">&nbsp;

<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

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<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif; margin-left: .25in; width: 7.20in">

<DIV align="center" style="font-size: 10pt; margin-top: 10pt"><B>Form&nbsp;51-102F3</B>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 10pt"><B>Material Change Report</B>
</DIV>


<DIV style="margin-top: 10pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">1.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>REPORTING ISSUER</B></TD>
</TR>

</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 10pt; margin-left: 4%">TERRA NOVA ROYALTY CORPORATION<BR>
Suite&nbsp;1620 400 Burrard Street<BR>
Vancouver, British Columbia, V6C 3A6
</DIV>

<DIV style="margin-top: 10pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">2.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>DATE OF MATERIAL CHANGE</B></TD>
</TR>

</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 10pt; margin-left: 4%">September&nbsp;8, 2010
</DIV>

<DIV style="margin-top: 10pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">3.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>NEWS RELEASE</B></TD>
</TR>

</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 10pt; margin-left: 4%">On September&nbsp;8, 2010, Terra Nova Royalty Corporation (the &#147;Company&#148;) issued a news release
through PR Newswire, which was also filed on SEDAR.
</DIV>

<DIV style="margin-top: 10pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">5.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Summary of Material Change</B></TD>
</TR>

</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 10pt; margin-left: 4%">The Company announced that, further to its news release dated July&nbsp;27, 2010, its
shareholders rights offering to holders of common shares (the &#147;Shares&#148;) of the Company (the
&#147;Rights Offering&#148;) has expired and is fully subscribed. A total of 7,571,227 Shares of the
Company will be issued under the Rights Offering pursuant to the subscription privileges
thereunder, representing total gross proceeds of approximately USD$50.0&nbsp;million.
</DIV>

<DIV style="margin-top: 10pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">5.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Full Description of Material Change</B></TD>
</TR>

</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 10pt; margin-left: 4%">The Company announced that, further to its news release dated July&nbsp;27, 2010, the Rights
Offering has expired and is fully subscribed. A total of 7,571,227 Shares of the Company
will be issued under the Rights Offering pursuant to the subscription privileges thereunder,
representing total gross proceeds of approximately USD$50.0&nbsp;million.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 10pt; margin-left: 4%">Pursuant to the Rights Offering, each holder of record of the Company&#146;s Shares received one
transferable right (a &#147;Right&#148;) for every Share held as of August&nbsp;6, 2010. Every&nbsp;four Rights
entitled a holder to purchase one Share at a price of USD$6.60.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 10pt; margin-left: 4%">Pursuant to the Rights Offering, the Company received subscriptions and requests for
oversubscription privileges well over twice the amount of Rights the Company offered for
sale.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 10pt; margin-left: 4%">For further information, please refer to the Company&#146;s news release dated September&nbsp;8, 2010,
a copy of which is attached as Appendix &#147;A&#148; hereto.
</DIV>

<DIV style="margin-top: 10pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">6.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>RELIANCE ON SUBSECTION 7.1(2) OR (3)&nbsp;OF NATIONAL INSTRUMENT 51-102</B></TD>
</TR>

</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 10pt; margin-left: 4%">Not applicable.
</DIV>

<DIV style="margin-top: 10pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">7.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>OMITTED INFORMATION</B></TD>
</TR>

</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 10pt; margin-left: 4%">No significant facts otherwise required to be disclosed in this report have been omitted.
</DIV>
<P align="center" style="font-size: 10pt">&nbsp;

<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

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<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif; margin-left: .25in; width: 7.20in">

<DIV style="margin-top: 10pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">8.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>EXECUTIVE OFFICER</B></TD>
</TR>

</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 10pt; margin-left: 4%">The following executive officer of the Issuer is knowledgeable about the material change and
may be contacted by any of the Securities Commissions in respect to the change:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 10pt; margin-left: 4%">Michael Smith<BR>
Interim President and Chief Executive Officer<BR>
604-683-8286 (contact through Rene Randall)
</DIV>

<DIV style="margin-top: 10pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">9.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Date of Report</B></TD>
</TR>

</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 10pt; margin-left: 4%">September&nbsp;14, 2010
</DIV>
<P align="center" style="font-size: 10pt">&nbsp;

<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif; margin-left: .25in; width: 7.20in">

<DIV align="center" style="font-size: 10pt; margin-top: 10pt"><B>APPENDIX &#147;A&#148;</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt"><IMG src="c05899p0589902.gif" alt="TERRA NOVA ROYALTY CORPORATION LOGO">
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head --><TR valign="bottom">
    <TD width="32%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="21%">&nbsp;</TD>
    <TD width="4%">&nbsp;</TD>
    <TD width="21%">&nbsp;</TD>
    <TD width="4%">&nbsp;</TD>
    <TD width="18%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="5" align="left"><B>NEWS RELEASE</B>
</TD>
</TR>

<TR valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Corporate</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Investors</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Media</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Terra Nova Royalty Corp</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Allen &#038; Caron Inc.</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Allen &#038; Caron Inc.</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Rene Randall</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Joseph Allen</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Len Hall</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">1 (604) 683-8286 ex 224</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">1 (212) 691-8087</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">1 (949) 474-4300</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">rene.randall@terranovaroyalty.com</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">joe@allencaron.com</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">len@allencaron.com</TD>
</TR>
<!-- End Table Body --></TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 10pt"><B>TERRA NOVA ANNOUNCES OVERSUBSCRIPTION AND CLOSING</B><BR>
<B>OF RIGHTS OFFERING</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 10pt">NEW YORK (September&nbsp;8, 2010) . . .Terra Nova Royalty Corporation (NYSE: TTT) (the
&#147;Company&#148;) is pleased to announce that, further to its news release dated July&nbsp;27,
2010, that its shareholders rights offering to holders of common shares (the
&#147;Shares&#148;) of the Company (the &#147;Rights Offering&#148;) has expired and is fully subscribed.
A total of 7,571,227 Shares of the Company will be issued under the Rights Offering
pursuant to the subscription privileges thereunder, representing total gross proceeds
of approximately USD$50.0&nbsp;million.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt">Pursuant to the Rights Offering, each holder of record of the Company&#146;s Shares
received one transferable right (a &#147;Right&#148;) for every Share held as of August&nbsp;6,
2010. Every&nbsp;four Rights entitled a holder to purchase one Share at a price of
USD$6.60.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt">Chairman Michael Smith said, &#147;The preliminary tabulations provide that we have
received subscriptions and requests for oversubscription privileges for an aggregate
of 19,011,407 Shares, which would have amounted to approximately USD$125.5&nbsp;million,
or well over twice the amount we offered for sale. We appreciate the strong vote of
confidence represented by this response.&#148;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt">Under the terms of the Rights Offering, a fixed number of shares were available for
sale, and all those shares were sold. As the Rights Offering was oversubscribed,
there are less shares available under the additional subscription privilege then were
requested pursuant to such privileges. Accordingly, such subscribers will receive a
refund of any excess funds submitted with their subscription request.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt"><U><B>About Terra Nova Royalty Corporation </B></U>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 10pt">Terra Nova Royalty Corporation is active in the mineral royalty and natural resources
industry.
</DIV>
<P align="center" style="font-size: 10pt">&nbsp;

<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif; margin-left: .25in; width: 7.20in">

<DIV align="left" style="font-size: 10pt; margin-top: 10pt"><I>Disclaimer for Forward-Looking Information</I>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 10pt"><I>Certain statements in this news release are forward-looking statements, which reflect
our management&#146;s expectations regarding our future growth, results of operations,
performance and business prospects and opportunities. Forward-looking statements
consist of statements that are not purely historical, including any statements
regarding beliefs, plans, expectations or intentions regarding the future. While
these forward-looking statements, and any assumptions upon which they are based, are
made in good faith and reflect our current judgment regarding the direction of our
business, actual results will almost always vary, sometimes materially, from any
estimates, predictions, projections, assumptions or other future performance
suggested herein. No assurance can be given that any of the events anticipated by the
forward-looking statements will occur or, if they do occur, what benefits we will
obtain from them. These forward-looking statements reflect management&#146;s current views
and are based on certain assumptions and speak only as of the date hereof. These
assumptions, which include management&#146;s current expectations, estimates and
assumptions about our business and the markets we operate in, the global economic
environment, interest rates, exchange rates and our ability to manage our assets and
operating costs, may prove to be incorrect. A number of risks and uncertainties could
cause our actual results to differ materially from those expressed or implied by the
forward-looking statements, including: (i)&nbsp;changes in iron ore and other commodities
prices; (ii)&nbsp;the performance of the properties underlying our interests;
(iii)&nbsp;decisions and activities of the operator of our royalty properties and other
interests; (iv)&nbsp;unanticipated grade, geological, metallurgical, processing or other
problems experienced by the operators of our royalty properties and other interests;
(v)&nbsp;economic and market conditions; and (vi)&nbsp;the availability of royalties for
acquisition or other acquisition opportunities and the availability of debt or equity
financing necessary to complete such acquisitions. There is a significant risk that
our forecasts and other forward-looking statements will not prove to be accurate.
Investors are cautioned not to place undue reliance on these forward-looking
statements. No forward-looking statement is a guarantee of future results. Except as
required by law, we disclaim any intention or obligation to update or revise any
forward-looking statements, whether as a result of new information, future events or
otherwise. Additional information about these and other assumptions, risks and
uncertainties are set out in our MD&#038;A filed with Canadian securities regulators and
filed on </I><I>Form 6-K</I><I> with the SEC and our </I><I>Form 20-F</I><I> for the year ended December&nbsp;31,
2009.</I>
</DIV>
<P align="center" style="font-size: 10pt">&nbsp;

<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

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<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif; margin-left: .25in; width: 7.20in">

<DIV align="center" style="font-size: 10pt; margin-top: 10pt"><B>SIGNATURES</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 10pt">Pursuant to the requirements of the <I>Securities Exchange Act of 1934</I>, the registrant has duly caused
this report to be signed on its behalf by the undersigned, thereunto duly authorized.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt"><B>TERRA NOVA ROYALTY CORPORATION</B>
</DIV>


<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="63%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>
    <TD style="border-bottom: 1px solid #000000" align="left">/s/ Michael J. Smith
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">Michael Smith<BR>
President and Chief Executive Officer&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
</TABLE>


<DIV align="left" style="font-size: 10pt; margin-top: 10pt">Date: September&nbsp;14, 2010
</DIV>


<P align="center" style="font-size: 10pt">&nbsp;

<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>




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`
end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----
