Vox Royalty Corp. (TSX-V: VOX) (NASDAQ: VOXR) a returns focused mining royalty company, is excited to announce that it has realized record preliminary revenue receipts⁽¹⁾ of $9.7 million for the full 2022 fiscal year (compared to $3.6 million for the comparable 2021 period). The Company is also pleased to announce that the full year preliminary revenue receipts⁽¹⁾ has exceeded its 2022 revenue guidance⁽¹⁾ of $7.8 million to $9.4 million originally issued on May 26, 2022.

During the three months ended December 31, 2022, the company realized preliminary revenue receipts⁽¹⁾ of $2.1 million (compared to $575,000 for the comparable period in 2021).

Annual and quarterly 2022 revenues were largely driven by royalty revenue associated with the Wonmunna iron ore royalty and Segilola gold royalty assets. These preliminary results should be read in conjunction with the Company’s audited consolidated financial statements for the year ended December 31, 2022, as and when released.

Kyle Floyd, Chief Executive Officer stated: “We are thrilled to announce record preliminary revenues exceeding the upper range of 2022 revenue guidance, in addition to delivering major strategic milestones of a Nasdaq listing and commencing a quarterly dividend for Vox investors. The Vox royalty portfolio continues to outperform management’s high expectations. We look forward to building off this strong momentum into 2023 by delivering growing revenues, sustainable quarterly dividends and significant upside linked to organic operator developments.”

Recap of 2022 Highlights

• Record preliminary revenue receipts⁽¹⁾ of $9.7 million for the full 2022 fiscal year, more than a ~160% increase over the comparable 2021 period;
• Increased producing royalty asset count to seven (five at the end of 2021) during the year, with the Q2 acquisition of the Wonmunna royalty and the commencement of production at Otto Bore in Q4;
• Achieved full revenue payback on the Segilola gold royalty purchase price of C$900,000 during Q2, within 6 months of first royalty receipt;
• Commenced trading on the Nasdaq on October 10, 2022 and attended Times Square, New York on Monday January 9, 2023 to complete the ceremonial closing of the Nasdaq markets;
• Declared an inaugural quarterly cash dividend of $0.01 per common share on September 20, 2022, paid to shareholders on November 4, 2022, representing an initial annualized dividend yield of approximately 1.8% (based on the closing share price on September 19, 2022);
• Released its inaugural Asset Handbook for best practice investor transparency in February 2022;
• Completed the acquisition of eight royalties plus two royalty options during the year, including:
  • Wonmunna – iron ore royalty, an uncapped 1.25% to 1.50% GRR (payable at 1.50% for >A$100/t iron ore pricing), operated by Mineral Resources Limited (ASX: MRL);
  • Limpopo – two PGM royalties, a 1.0% GRR over the Dwaalkop Project and a 0.704% GRR over the Messina Project, operated by Sibanye Stillwater Ltd. (NYSE: SBSW; JSE: SSW);

• Significant operating partner updates throughout the year, including:
  • Mining proposal approved for the expansion of the Wonmunna annual production rate from 10Mtpa to 13.5Mtpa;
  • Construction completed and production commenced at the Binduli North A$283 million heap leach expansion project covered by the Janet Ivy royalty, released by Zijin Mining Group Co., Ltd. (HKSE: 2899), along with an increase in forecast mine life for the project from approximately eight years to over ten years at the installed mining capacity of 5Mtpa;
  • Mt Ida construction update including the targeted establishment of a 1.2Mtpa gold plant by April 2023 by Aurenne Group Pty Ltd;
  • A maiden underground silver resource estimate released at the feasibility-stage Bowdens project by Silver Mines Limited (ASX: SVL);
  • Feasibility study released by Gold Standard Ventures Corp., subsequently acquired by Orla Mining Ltd. (TSX: OLA; NYSE: OLA), for the South Railroad gold project in Nevada;
  • Updated NI 43-101 technical report for the Pitombeiras vanadium project by Jangada Mines plc (AIM: JAN), which supersedes the Preliminary Economic Assessment published in 2021;
  • 106% increase in inferred mineral resource by ValOre Metals Inc. (TSXV: VO) at the Pedra Branca PGM project in Brazil;
  • Maiden Puzzle North gold resource estimate, following the 2021 discovery of Puzzle North, from Genesis Minerals Ltd. (ASX: GMD) in Western Australia;
  • A 380%~ increase in the inferred gold resource estimate from Norwest Minerals Limited (ASX: NWM) at the Bulgera gold project in Western Australia, applying a 0.6g/t lower Au cut-off; and
  • Completion of a Preliminary Economic Assessment and permitting update on the Kenbridge nickel project by Tartisan Nickel Corp. (CSE: TN), indicating a potential 9-year mine life with a goal of production in approximately 3 years.

About Vox

Vox is a returns focused mining royalty company with a portfolio of over 60 royalties and streams spanning eight jurisdictions. The Company was established in 2014 and has since built unique intellectual property, a technically focused transactional team and a global sourcing network which has allowed Vox to target the highest returns on royalty acquisitions in the mining royalty sector. Since the beginning of 2020, Vox has announced over 25 separate transactions to acquire over 50 royalties.