Mr. David Cole reports

EMX RECEIVES COURT APPROVAL FOR ARRANGEMENT WITH ELEMENTAL ALTUS

The Supreme Court of British Columbia has granted the final order in connection with EMX Royalty Corp.'s plan of arrangement with Elemental Altus Royalties Corp. and 1554829 B.C. Ltd. (Acquireco), pursuant to which Elemental Altus will, among other things, indirectly through an amalgamation of EMX with Acquireco, acquire all of the issued and outstanding common shares of EMX.

Elemental Altus has filed an application to list its common shares on Nasdaq Capital Market under the ticker symbol ELE. Due to the continuing U.S. federal government shutdown, which currently includes the U.S. Securities and Exchange Commission, Nasdaq has advised that it cannot further advance the listing application until such time as the SEC reopens to complete its review. EMX and Elemental Altus currently expect that the Nasdaq approval of Elemental Altus's listing application should be forthcoming following the end of the government shutdown and the reopening of the SEC and completion of its review process. Until trading commences on Nasdaq, Elemental Altus's common shares will continue to trade on the TSX Venture Exchange under the ticker symbol ELE and on the OTCQX Best Market under the ticker symbol ELEMF.

Subject to obtaining all required approvals and the satisfaction or waiver of all required conditions, the arrangement is expected to close by mid-November, 2025. Following closing of the arrangement, the EMX shares are expected to be delisted from the TSX Venture Exchange, NYSE American Exchange and Frankfurt Stock Exchange. Following the delisting, it is anticipated that EMX will apply to cease to be a reporting issuer under applicable Canadian securities laws.

For a more detailed description of the arrangement, please refer to EMX's management information circular dated Sept. 29, 2025, available under the company's profile on SEDAR+ and on EDGAR and on the company's website.

About EMX Royalty Corp.

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

We seek Safe Harbor.