Mr. David Cole reports

EMX HIGHLIGHTS AN UPDATED MRE AND OTHER ADVANCEMENTS AT THE DIABLILLOS SILVER-GOLD ROYALTY PROPERTY IN ARGENTINA

EMX Royalty Corp. has congratulated AbraSilver Resource Corp. on its recent updated Diablillos mineral resource estimate (MRE) that increased total open pit constrained, oxide mineral resources to 199 million ounces of contained silver (plus 34 per cent) and 1.72 million ounces of contained gold (plus 27 per cent) in the measured and indicated (MI) categories. AbraSilver is also further enhancing project economics with continuing drilling, advancing other priority initiatives (for example, engineering optimization, investment incentives, among others), and is expected to receive EIA approval in the latter half of 2025 and on schedule to deliver a definitive feasibility study (DFS) for the project in Q1 2026. EMX retains a 1-per-cent NSR (net smelter return) royalty on the Diablillos project, and all known mineralization occurs within EMX's royalty ground.

The updated Diablillos MRE reports tank leach resources, which previously was the sole metallurgical processing assumption for the project, as well as contributions from a maiden heap leach MRE. The additional heap leach resources represent a milestone advancement in converting near-surface and peripheral lower-grade "waste" material within the constraining open pit configuration to mineralization potentially recoverable via a low-cost processing route. AbraSilver reported total (that is, tank and heap leach) oxide MI resources as 104 million tonnes averaging 59 grams per tonne silver and 0.51 g/t gold. The tank leach MI resources account for approximately 70 per cent of the tonnes and over 90 per cent of the contained silver and gold, with the heap leach resources contributing the balance which provides the potential to reduce the strip ratio and enhance project economics.

There were significant MI increases across all five resource deposits (that is, Oculto, JAC, Fantasma, Laderas and Sombra), with the largest tonnage and contained metal increases driven by the JAC deposit, which is characterized by high-grade, near-surface silver-gold mineralization, as well as the Oculto deposit. The Sombra deposit, a recent discovery immediately south of Oculto and JAC, represents a first-time addition to the project MRE totals.

There is significant district scale exploration upside at Diablillos with a continuing phase V 20,000-metre drill program scheduled for completion by early 2026. This program includes stepout drilling at Oculto East, JAC and Sombra, as well as exploration drilling at the Cerro Viejo and Cerro Blanco porphyry targets.

EMX congratulates AbraSilver for its success in rapidly building value at the Diablillos royalty property. In addition to the significant increases in silver-gold mineral resources via drilling and metallurgical advancements, AbraSilver is currently evaluating other initiatives to further enhance project economics as inputs to the H1 2026 DFS (that is, connecting to national grid for power, upgrading the fleet size, outsourcing waste movement and optimizing TSF design to co-locate waste with tailings). Moreover, Diablillos is eligible for Argentina's Incentive Regime for Large Investments (that is, RIGI), which includes lower tax rates, elimination of export duties and accelerated depreciation; an investment decision by Q2 2027 is required to fully qualify. Clearly, AbraSilver is on a fast track in advancing Diablillos to a production decision, and thereby unlocking the value of EMX's royalty interest.

Comments on the updated MRE. The updated Diablillos MRE reports total (that is, tank and heap leach) measured resources of 33,218,000 tonnes at 98 g/t Ag (105.05 million oz contained) and 0.59 g/t Au (634,000 oz contained) and indicated resources of 70,686,000 tonnes at 41 g/t Ag (93,593,000 oz contained) and 0.48 g/t Au (1,081,000 oz contained). In addition, the updated MRE includes total inferred resources of 19,628,000 tonnes at 21 g/t Ag (13,427,000 oz contained) and 0.38 g/t Au (241,000 oz contained).

Comments on the December, 2024, PFS. AbraSilver's PFS study updated in December, 2024, outlined an average 14-year life of mine with annual production of 7.6 Moz (million ounces) of silver and 72,000 oz of gold yielding an NPV (5) (net present value, 5-per-cent discount rate) of $747-million (U.S.), 28-percent IRR (internal rate of return) and a two-year payback using base case prices of $25.50/oz silver and $2,050/oz gold. Importantly, the PFS production profile over the first five years of full mine production averages 11.7 Moz silver and 59,000 oz gold which underlines the project's early stage potential for strong cash-flow generation and corresponding royalty payments to EMX. AbraSilver's continuing initiatives and sustained silver and gold bull market prices suggest significant additional project upside.

About the Diablillos silver-gold royalty property. Diablillos is a high sulphidation silver-gold project located in the Puna region of Salta province, Argentina. There are multiple mineralized zones in a district scale area covered by EMX's uncapped 1-per-cent NSR royalty ground. Of note, in April of this year the company received an early final property payment from AbraSilver totalling $6.85-million (U.S.).

Michael P. Sheehan, CPG, a qualified person as defined by National Instrument 43-101 and employee of the company, has reviewed, verified and approved the disclosure of the technical information contained in this news release.

About EMX Royalty Corp.

EMX is a precious and base metals royalty company. EMX's investors are provided with discovery, development and commodity price optionality, while limiting exposure to risks inherent to operating companies. The company's common shares are listed on the NYSE American Exchange and TSX Venture Exchange under the symbol EMX.

We seek Safe Harbor.