Mr. David Cole of EMX reports

EMX ROYALTY ACQUIRES FURTHER SHARES AND WARRANTS OF BOREAL METALS CORP.

EMX Royalty Corp. has acquired ownership of 1,995,672 common shares (representing 2.63 per cent of the outstanding shares) and warrants to purchase an additional 1,995,672 common shares of Boreal Metals Corp. The acquisition was made pursuant to a private placement of units, each unit consisting of one common share and one warrant to purchase a further common share, at a price of 9.5 cents per unit (for a total investment of $189,589 by EMX), which closed today.

Immediately prior to the acquisition, EMX had ownership of 5,530,063 common shares (representing 9.4 per cent of Boreal's outstanding common shares). Immediately following the acquisition, EMX had ownership of 7,525,735 common shares (representing 9.9 per cent of Boreal's outstanding common shares) and warrants to purchase an additional 1,995,672 common shares. If the warrants were exercised, EMX would have ownership of 9,521,407 common shares (representing 12.20 per cent of Boreal's outstanding common shares).

The shares and warrants were acquired for investment purposes under the prospectus exemption set out in Section 2.3 -- accredited investor of National Instrument 45-106 Prospectus Exemptions of the Canadian Securities Administrators. Presently, EMX does not have any intention of acquiring any further securities of Boreal but may acquire ownership of or control over further securities in the future depending upon market circumstances.

EMX has filed an early warning report with the British Columbia, Alberta and Ontario securities commissions in respect of the acquisition. Copies of the report may be obtained from SEDAR or without charge from EMX's corporate secretary, Lori Pavle (604-688-6390).

About EMX Royalty Corp.

EMX leverages asset ownership and exploration insight into partnerships that advance our mineral properties, with EMX receiving preproduction payments and retaining royalty interests. EMX complements its royalty generation initiatives with royalty acquisitions and strategic investments.

We seek Safe Harbor.