Vox Royalty Corp. (TSX-V: VOX) (OTCQX: VOXCF) a returns focused precious metals royalty company, 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.

Kyle Floyd, Chief Executive Officer stated: “The first quarter of 2022 was incredibly productive for Vox, with record quarterly revenues and gross profit, significant organic growth in development stage assets and the progression of an initial application to list on The Nasdaq Stock Market. I am excited about the next chapter of the Company’s corporate development – a period of expanded investor awareness and rapid organic growth from 5 to 10 producing assets by late 2023. During these uncertain inflationary and macroeconomic times, Vox continues to deliver sector leading returns on deployed capital through its differentiated and disciplined royalty strategy and presents as a strong outlet for investors to counter many inflationary pressures.”

First Quarter 2022 Highlights

• Record revenues for the quarter of $1,471,019, an increase of 172% over Q1 2021;
• Record gross profit of $1,164,293 for the quarter;
• Strong balance sheet position at quarter end, including cash on hand of $5,621,565, working capital of $6,371,247 and total assets of $27,008,128;
• Released its inaugural Asset Handbook for best practice investor transparency;
• Announced submission of an initial application to list its common shares on The Nasdaq Stock Market;
• Significant operating partner updates in Q1, including:
  • Feasibility study released by Gold Standard Ventures for the South Railroad gold project in Nevada;
  • 106% increase in mineral resource by ValOre Metals at the Pedra Branca platinum group element project in Brazil;
  • Maiden Puzzle North gold resource estimate from Genesis Minerals in Western Australia; and
  • 113% increase in gold resource estimate from Norwest Minerals at the Bulgera gold project in Western Australia.

Subsequent to First Quarter 2022

• Completed the acquisition of a portfolio of two PGM royalties from a private, South African registered company for total consideration of up to C$10,400,000, including upfront consideration of C$1,500,000, settled by the issuance of 409,500 common shares of Vox;
• On April 26, 2022, Vox entered into a sale and purchase agreement with a subsidiary of Nuheara Limited (“Terrace Gold“), to acquire all of Terrace Gold’s rights and interests in an agreement with Lumina Copper S.A.C, which includes the right to receive the El Molino royalty. The upfront consideration issued to Nuheara Limited will be US$50,000 in common shares of the Company, subject to the approval of the TSX Venture Exchange. A further payment of US$450,000 is payable, in cash or common shares of the Company (at the Company’s sole election), following the registration of the El Molino royalty rights on the applicable mining title in Peru and the satisfaction of other customary completion conditions; and
• Northern Star Resources Limited announced that preparation for open pit mining operations at the Otto Bore gold deposit in Western Australia has commenced; Otto Bore is expected to become Vox’s sixth producing asset later in 2022.

Summary of Quarterly 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 moths ended March 31, 2022, available on SEDAR (www.sedar.com) or on Vox’s website (www.voxroyalty.com).

Qualified Person

Timothy J. Strong, MIMMM, of Kangari Consulting LLC and a “Qualified Person” under NI 43-101, has reviewed and approved the scientific and technical disclosure contained in this press release.

About Vox

Vox is a returns focused precious metals royalty company with a portfolio of over 50 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 risk-adjusted returns in the mining royalty sector. Since the beginning of 2020, Vox has announced over 20 separate transactions to acquire over 45 royalties.