Sailfish Royalty Corp. (TSX-V: FISH) (OTCQX: SROYF) is pleased to announce its operating and financial results for the three and six months ended June 30, 2022. All amounts are in U.S. dollars unless otherwise indicated.

Q2 2022 Highlights:

• Gold ounces earned of 345 and 734 for the three and six months ended June 30, 2022;
• Revenues of $646,859 and $1,369,424 for the three and six months ended June 30, 2022;
• Gross profit of $349,757 and $713,017 for the three and six months ended June 30, 2022;
• Net loss of $885,833 and $682,380 for the three and six months ended June 30, 2022;
• Repurchased for cancellation an aggregate of 499,100 and 1,053,100 common shares (of which 941,000 were cancelled prior to June 30, 2022) of the Company under the current normal course issuer bid for the three and six months ended June 30, 2022; and
• Declared quarterly dividends of $0.0125 per common share on March 7, 2022 and June 1, 2022 which were paid on April 15, 2022 and July 15, 2022, respectively.

Cesar Gonzalez, Chief Executive Officer of Sailfish states that, “Sailfish had a great first half of the year which included receiving and selling 734 ounces of gold resulting in approximately $1.37 million in revenue and collecting approximately $2.29 million from its gold-linked loan to Mako Mining Corp. Sailfish expects to continue using its cash flow to return capital to shareholders by repurchasing shares under the current NCIB and by paying quarterly dividends.”

Summary of Quarterly Results:

For complete details, please refer to the Unaudited Condensed Interim Consolidated Financial Statements for the three and six months ended June 30, 2022 and 2021 and associated Management Discussion and Analysis for the three and six months ended June 30, 2022 and 2021, available on SEDAR (www.sedar.com) or on the Company’s website (www.sailfishroyalty.com).

Subsequent to Q2 2022 Activity:

• On July 15, 2022, the Company paid a dividend of $0.0125 per common share.
• As at the date of this news release, Sailfish purchased 246,000 common shares on-market of which 100,000 have not been cancelled. In addition to the above, the Company cancelled 257,900 common shares subsequent to June 30, 2022.
• On July 11, 2022, the Company announced that the TSX Venture Exchange has accepted a notice filed by the Company of its intention to make a normal course issuer bid to be transacted through the facilities of the TSX Venture Exchange. The notice provides that the Company may, during the 12-month period commencing July 14, 2022 and ending July 13, 2023, purchase up to 3,586,886 common shares of the Company in total, being approximately 5% of the total number of Shares outstanding as at July 14, 2022.

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.