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CALGARY, AB, Dec. 4, 2023 /CNW/ - Source Rock Royalties Ltd. ("Source Rock") (TSXV: SRR) (TSXV: SRR.WT), a pure-play oil and gas royalty company with an established portfolio of oil royalties, announces that it has closed the acquisition of a gross overriding royalty (the "GORR") in 60,800 net acres (95 sections) of largely contiguous land in the Figure Lake area of central Alberta (the "GORR Lands") for a purchase price of $8.0 million (the "Purchase Price"). The Purchase Price is subject to financial adjustments effective October 1, 2023 and was funded with cash on hand.