Sailfish Royalty Corp. (TSX-V: FISH) (OTCQX: SROYF) is pleased to announce its operating and financial results for the first quarter ended March 31, 2022. All amounts are in U.S. dollars unless otherwise indicated.

Q1 2022 Highlights:

• Gold ounces earned of 389 for the three months ended March 31, 2022;
• Revenues of $722,564 for the three months ended March 31, 2022;
• Gross profit of $363,259 for the three months ended March 31, 2022;
• Net income of $203,454 for the three months ended March 31, 2022;
• Repurchased and cancelled 554,000 common shares of the Company under the current normal course issuer bid for the three months ended March 31, 2022; and
• Declared a quarterly dividend of $0.0125 per common share which was paid on April 15, 2022.

Cesar Gonzalez, Chief Executive Officer of Sailfish states that, “During Q1 2022, Sailfish received and sold 389 ounces of gold from the gold stream equivalent to a 3% NSR on the San Albino gold mine. In addition to the cash flow from the gold stream on San Albino, the Company collected approximately $1.12 million from its gold-linked loan to Mako Mining Corp., which continues to generate returns greater than originally anticipated. Sailfish expects to continue using its cash flow to repurchase common shares under the current NCIB and to pay quarterly dividends.”

Summary of Q1 2022 Results:

For complete details, please refer to the Unaudited Condensed Interim Consolidated Financial Statements for the three months ended March 31, 2022 and 2021 and associated Management Discussion and Analysis for the three months ended March 31, 2022, available on SEDAR (www.sedar.com) or on the Company’s website (www.sailfishroyalty.com).

Subsequent to Q1 2022 Highlights:

• Subsequent to March 31, 2022, Sailfish purchased 387,200 common shares on-market, which have not been cancelled.

About Sailfish

Sailfish is a precious metals royalty and streaming company. Within Sailfish’s portfolio are two main assets in the Americas: a gold stream equivalent to a 3% NSR on the San Albino gold mine (~3.5 sq. km) and a 2% NSR on the rest of the area (~134.5 sq. km) surrounding San Albino in northern Nicaragua; and an up to 3% NSR on the multi-million ounce Spring Valley gold project in Pershing County, Nevada.