Vox Royalty Corp. (TSX-V: VOX) a high growth precious metals focussed royalty company, is pleased to announce that it has completed the acquisition of a portfolio of 5 royalties from Breakwater Resources Ltd. and affiliates thereof as originally announced in the Vox press release dated November 10, 2020.

The Announcement included a nominal price allocation for two potential royalty rights subject to key documents being obtained by Vox. Subsequent to the Announcement, Vox entered into an amendment to the royalty portfolio sale and purchase agreement, pursuant to which an additional C$200,000 in Vox shares was added to the purchase price, relating to one of the potential royalty assets. The increase in the purchase price was a direct result of additional and improved documentation supporting the validity and enforceability of a royalty being presented to Vox by Breakwater.

Pursuant to the terms of the transaction documents, an affiliate of Breakwater was issued 252,878 Vox shares for the C$725,000 stock portion of the purchase price (the “Vox Shares“). The Vox Shares were issued at the trailing 30-day volume weighted average price prior to the closing date, being $2.8670 per Vox Share. Vox used current cash on hand to fund the C$400,001 cash consideration payable on closing of the transaction for total consideration of C$1,125,001 in cash and Vox Shares. For additional information, please refer to the Announcement at www.voxroyalty.com.

Royalty Portfolio

Certain royalties in the portfolio were subject to rights of first refusal (“ROFR“) typical for a purchase and sale transaction of this nature. Royalties included in the Announcement that were not included at closing due to the exercise of a ROFR or other conditions not being satisfied to Vox’s discretion include the Eau Jaune and Toe-On exploration royalties.

In the course of seeking operator consents and the execution of assignment deeds, the Company has received correspondence that, in the opinion of Galway Metals Inc., the Estrades royalty does not affect any of the mining titles held by Galway Metals Inc. Although the Company has been assigned the royalty rights held by Breakwater pertaining to the certain mining titles in the vicinity of the Estrades project operated by Galway, the Company acknowledges the possibility that certain mining titles held by Galway may not be covered by the royalty. The Company intends to validate the status and application of the Estrades royalty to the extent possible as a post-closing exercise.

Qualified Person

Timothy J. Strong, MIMMM, of Kangari Consulting Limited 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 press release.

About Vox

Vox is a high growth precious metals royalty and streaming company with a portfolio of over 40 royalties and streams spanning nine 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 become the fastest growing company in the royalty sector. Since the beginning of 2019, Vox has announced over 15 separate transactions to acquire over 40 royalties.