Mr. Adam Cegielski reports

GOLD LINE RESOURCES AMENDS OIJARVI/SOLVIK ASSET PURCHASE AGREEMENT

Gold Line Resources Ltd. has entered into an amending agreement to the previously announced asset purchase agreement dated March 19, 2021, among the company, EMX Royalty Corp., Agnico Eagle Mines Ltd., Agnico Eagle Finland Oy and Agnico Eagle Sweden AB, pursuant to which Gold Line acquired a 100-per-cent interest in Agnico's Oijarvi gold project located in central Finland and Solvik gold project located in southern Sweden.

In connection with the transaction, the company issued 1,327,989 common shares of Gold Line on May 1, 2023, and is required to make a cash payment in the amount of $87,500 on or before June 30, 2023.

As a result of the amending agreement, total consideration for the transaction will be $10,175,000 (U.S.), composed of $7,087,500 (U.S.) in cash, $1.5-million (U.S.) in common shares of EMX and $1,587,500 (U.S.) in common shares of Gold Line, which is required to be paid (or has been paid) to Agnico.

In addition, EMX will receive cash and share payments from Gold Line.

All Gold Line shares and EMX shares issuable in connection with the transaction are based on the volume-weighted average price for the 20 trading days prior to the date on which such shares are required to be issued, with the exception of the first tranche, which was based on the 20-day VWAP prior to the effective date of the agreement. All securities issued in connection with the second anniversary are subject to a hold period of four months plus one day, expiring Sept. 2, 2023.

About Gold Line Resources Ltd.

Gold Line is focused on advancing gold projects with significant exploration potential in prolific gold-producing regions of Sweden and Finland. Gold Line is working in one of the world's top mining jurisdictions and emerging exploration frontiers due to its strong mineral endowment, stable tenure, straightforward permitting, favourable tax regime and supportive geopolitical landscape.

Gold Line currently holds a prospective portfolio of five gold exploration projects in Sweden: one project is in the Skelleftea belt of north-central Sweden, and four projects, including the Langtjarn property, are located within the Gold Line mineral belt of north-central Sweden. The projects are located on a 200-kilometre Proterozoic greenstone sedimentary belt that is host to multiple gold showings and deposits.

We seek Safe Harbor.