Mr. Paolo Lostritto reports

SAILFISH PROVIDES UPDATE ON ITS SAN ALBINO GOLD STREAM AND ROYALTY; REPORTS UPDATED AND EXTENDED MINERAL RESOURCE

Sailfish Royalty Corp. partner Mako Mining Corp. has released the results of an updated mineral resource estimate reported by Respec, out of Reno, Nev., for the San Albino project, which includes the Las Conchitas deposit, located in Nueva Segovia, Nicaragua.

The San Albino project open-pit and underground mineral resource includes a Measured and Indicated mineral resource of 670,100 tonnes at a diluted grade of 11.61 grams per tonne (g/t) Au for 250,200 gold ounces, and an Inferred mineral resource of 383,300 tonnes at a diluted grade of 10.54 g/t Au for 129,900 gold ounces (see table below). These mineral resources are constrained within two major and three smaller open pit shells at the Las Conchitas deposit, and four pit shells at the San Albino mine, two of which are currently in operation. The underground mineral resources are constrained by shells defined by stope optimizations.

Paolo Lostritto, Chief Executive Officer of Sailfish states that, "We are excited to see an expansion at San Albino and the maiden resource at Las Conchitas. The resource should give Sailfish viability to continue our industry leading dividend."

For complete information on these results, please refer to Mako's news release issued on October 31, 2023, which is available on its SEDAR+ profile at www.sedarplus.ca or on Mako's website at www.makominingcorp.com.

Qualified Person

Steven Ristorcelli, C.P.G., independent geologist and qualified person (as defined under NI 43-101) has read and approved the scientific and technical information contained in this press release.

About Sailfish

Sailfish is a precious metals royalty and streaming company. Within Sailfish's portfolio are three main assets in the Americas: a gold stream equivalent to a 3% NSR on the San Albino gold mine (~3.5 sq. km) and a 2% NSR on the rest of the area (~134.5 sq. km) surrounding San Albino in northern Nicaragua; an up to 3% NSR on the multi-million ounce Spring Valley gold project in Pershing County, Nevada; and a 100% interest in the Gavilanes Silver Project located in Durango State, Mexico.

Sailfish is listed on the TSX Venture Exchange under the symbol "FISH" and on the OTCQX under the symbol "SROYF". Please visit the Company's website at www.sailfishroyalty.com for additional information.

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