Maverix Metals Inc. (NYSE American: MMX) (TSX: MMX) is pleased to announce the acquisition of a portfolio of precious metals royalties from Pan American Silver Corp.

Maverix has acquired a portfolio of six royalties from Pan American Silver in exchange for 491,071 common shares of Maverix and a cash payment of $7,000,000.

Ryan McIntyre, President of Maverix, commented, “We are happy to have completed the purchase of this gold-focused royalty portfolio from Pan American Silver, our most tenured strategic shareholder. This acquisition adds future option value to our overall asset portfolio which now boasts 121 royalty and stream assets, 13 of which are currently paying and a number of which are on advanced stage projects.”

Royalty Portfolio

Key Assets

Fenn-Gib Royalty

A 1.0% – 2.5% net smelter return royalty on a portion of the Fenn-Gib gold project, operated by Mayfair Gold Corp. and located in the Timmins gold camp in Ontario which hosts an indicated resource estimate of 70.2 million tonnes at 0.92 grams per tonne gold containing 2.1 million ounces of gold and an inferred resource of 3.8 million tonnes at 0.62 g/t gold containing 0.1 million ounces of gold. The Fenn-Gib project comprises approximately 4,800 hectares, of which more than 75% is unexplored. The project is part of the extensive and prolific Abitibi Gold Belt. Mayfair Gold, the owner of the project, is currently undertaking a 50,000 metre infill and expansion drill program on the project.⁽²⁾

For more information on Fenn-Gib please visit www.mayfairgold.ca.

Recuperada Royalty

A 3.0% NSR royalty on a portion of the Recuperada property located in Huancavelica, Peru. The property is a past producer and currently has an inferred resource of 7.3 million tonnes at 131 g/t silver, 3.17% lead and 2.04% zinc containing 30.7 million ounces of silver, 513 million pounds of lead, and 377 million pounds of zinc. Silver X Mining Corp. (“Silver X”) and Mines and Metals Trading (Peru) PLC recently completed a business combination to create Latin America’s next low-cost silver producer. Silver X is well-financed to fund the maiden 30,000 metre drill campaign that is currently underway at the Recuperada project, with more than C$14 million raised in a concurrent financing. The goal of the drill program is to optimize operations and collect the data required to expand the current inferred resource at Recuperada.⁽³⁾

For more information on Recuperada please visit www.silverx-mining.com.

Juby Royalty

A 1.0% NSR royalty on the advanced exploration-stage Juby project operated by Aris Gold Corporation and located in Ontario, Canada, 100 kilometres south-southeast of the Timmins gold camp within the Shining Tree area in the southern part of the Abitibi greenstone belt. The Juby project has excellent access to infrastructure including a major highway, a power transmission line that passes through the property and an abundance of water in the region. A 2020 mineral resource estimate shows an indicated mineral resource of 21.3 million tonnes at 1.17 g/t gold containing 0.8 million ounces of gold and an inferred mineral resource of 47.1 million tonnes at 1.01 g/t gold containing 1.5 million ounces of gold. Aris Gold has recently commenced an initial 10,000 metre drill program at the Juby project with drilling expected to begin in the third quarter of 2021. Aris Gold has the right to buy back 0.5% of the royalty for a cash payment of $5,000,000.⁽⁴⁾

For more information on Juby please visit www.arisgold.com.

Qualified Person

Brendan Pidcock, P.Eng., is Vice President Technical Services for Maverix, and a qualified person under National Instrument 43-101 – Standards of Disclosure for Mineral Projects, has reviewed and approved the scientific and technical disclosure contained in this news release.

About Maverix

Maverix is a gold-focused royalty and streaming company with a globally diversified portfolio of over 100 assets. Maverix’s mission is to increase per share value by acquiring precious metals royalties and streams. Its shares trade on both the NYSE American and the TSX.