Killick Capital

CALGARY, ALBERTA – (Marketwire – July 6, 2011) - Alaris Royalty Corp. ("Alaris" or the
"Company") (TSX: AD) is pleased to announce that it has entered into a new partnership
agreement (the “Agreement”) which will see the Company contribute CAD$27,250,000 in
return for a first year distribution of CAD$4,300,000 (the “Transaction”). This new
partnership will be funded by the re-deployment of a significant portion of the proceeds (the
“LifeMark Proceeds”) from the recently closed transaction involving LifeMark Health
Limited Partnership (the “LifeMark Transaction”). Following the Transaction, and the
recent repayment of $26,200,000 on the Company’s revolving credit facility, Alaris will have
approximately $11,000,000 remaining of the $65,000,000 LifeMark Proceeds.
The Agreement is with Killick General Partners L.P. (“Killick GP”) and Killick Aerospace
Limited Partnership Fund II (“Killick Aerospace”), resulting in the formation of Killick
Limited Partnership (the “Partnership”). The Transaction delivers an accretive redeployment
of the Proceeds received from the LifeMark Transaction while further
diversifying Alaris’ revenue stream both geographically, and in a new industry to Alaris. The
Transaction is expected to add approximately $0.25 of distributable cash per share to Alaris
on a pro forma basis.

Killick Aerospace

Killick Aerospace is a world class leader in the global aircraft maintenance, repair and
overhaul (“MRO”) industry. Through its three wholly owned subsidiaries, (Prime Turbines;
www.primeturbines.com, CT Aerospace; www.ctaerospace.com, and Kansas Aviation;
www.kansasaviation.com) Killick Aerospace offers MRO services to owners of small aircraft
operating turboprop engines, as well as inventory management services to MRO shops
which service commercial aircraft jet engines. Based in Carrollton, Texas, USA, Killick
Aerospace has operations in Hyannis, MS; Pittsburgh, PA; Independence, Kansas; Europe;
and Singapore. Killick Aerospace and Killick GP are owned and controlled by the Dobbin
family of Newfoundland, who were previously behind the success of CHC Canadian
Helicopters. The Partnership is a Canadian partnership with all amounts for the contribution
and preferred distribution denominated in Canadian dollars.

"Killick Aerospace has systematically built a platform with the right products and people to
efficiently serve our global customer base. We are very pleased to have such a strong
partner with us as we take our company to the next level", said Russell Starr, CEO of Killick
Aerospace.

Transaction Details

Similar to its transactions with Alaris’ other partners, Alaris acquired preferred units in the
Partnership which entitle Alaris to receive an initial annual preferred distribution of
$4,300,000, payable monthly and in priority to holders of other units in the Partnership.
For the first twelve months following the closing of the Killick Transaction, Alaris’ distribution
will represent an expected 15.8% return on contributed cash. The preferred distribution will
be adjusted annually based on the Partnership’s change in gross revenues, subject to a
maximum annual increase or decrease of 4%.

“This new partnership not only replaces the majority of revenue sold in the LifeMark
Transaction, it also diversifies our revenue base in a stable, regulated industry and on a
global platform”, said Steve King, President and Chief Executive Officer, Alaris Royalty Corp.
“We are very excited at the prospect of partnering with an impressive management team
and for the opportunity to fund a world class company. Killick offers all of the criteria that
we look for in a new partner: steady historic earnings from a required service; low levels of
term debt and capital expenditures; a large buffer of free cash flow; and opportunities for
future growth.”

Mark Dobbin, of Killick GP added, "We are looking forward to a long-term productive
relationship with Alaris. Alaris’ unique business model and insightful people makes it the
ideal partner for Killick Aerospace as we continue to profitably grow our business. The
Alaris team took the time to understand our business and recognized the opportunities we
have to grow together."

For more information contact:

Curtis Krawetz
Manager Investor Relations and Investment Analyst
Alaris Royalty Corp.
403-221-7305
ckrawetz@alarisroyalty.com
www.alarisroyalty.com

About Alaris:
The Company invests in a diversified group of private businesses ("Private Company Partners") in exchange for royalties or distributions from the Private Company Partners, with the principal objective of generating stable and predictable cash flows for dividend payments to its shareholders. Royalties or distributions to Alaris from the Private Company Partners are structured as a percentage of a "top line" financial performance measure such as gross margin, same clinic sales, gross revenues and same-store sales and rank in priority to the owners’ common equity position.