Mr. Paolo Lostritto reports

SAILFISH REPORTS Q3 2023 RESULTS

Sailfish Royalty Corp. has released its operating and financial results for the third quarter ended Sept. 30, 2023 (Q3 2023). All amounts are in U.S. dollars unless otherwise indicated.

Q3 2023 highlights:

• Gold ounces earned of 207 and 835 for the three and nine months ended Sept. 30, 2023 (347 and 1,081 for the three and nine months ended Sept. 30, 2022);
• Revenues of $413,978 and $1,620,104 for the three and nine months ended Sept. 30, 2023 ($600,578 and $1,970,002 for the three and nine months ended Sept. 30, 2022);
• Gross profit of $232,745 and $891,273 for the three and nine months ended Sept. 30, 2023 ($318,876 and $1,031,892 for the three and nine months ended Sept. 30, 2022);
• Net loss of $267,312 and $1,310,820 for the three and nine months ended Sept. 30, 2023 (net loss of $388,265 and $1,070,644 for the three and nine months ended Sept. 30, 2022);
• Repurchased for cancellation an aggregate of 780,700 common shares of the company under the current normal course issuer bid for the nine months ended Sept. 30, 2023;
• Declared quarterly dividends of 1.25 cents per common share on March 14, 2023, June 13, 2023, and Sept. 11, 2023, which were paid on April 17, 2023, July 17, 2023, and Oct. 16, 2023, respectively.

For complete details, please refer to the unaudited condensed interim consolidated financial statements for the three and nine months ended Sept. 30, 2023, and 2022, and associated management discussion and analysis for the three and nine months ended Sept. 30, 2023, available on SEDAR+ or on the company's website.

Subsequent to Q3 2023 highlights:

• On Nov. 7, 2023, the company reported that Mako Mining Corp. announced the results of an updated mineral resource estimate reported by Respec, out of Reno, Nev., for the San Albino project, which included the Las Conchitas deposit, located in Nueva Segovia, Nicaragua.
• On Oct. 16, 2023, the company paid a dividend of 1.25 cents per common share which was declared on Sept. 11, 2023.
• Subsequent to Sept. 30, 2023, Sailfish purchased 183,200 common shares on-market which have not been cancelled. The company may purchase an additional 2,905,690 common shares under the current normal course issuer bid.
• Subsequent to Sept. 30, 2023, the company received 67,500 ounces of silver pertaining to its silver receivable (silver purchase agreement as announced on May 25, 2023).

About Sailfish Royalty Corp.

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-per-cent net smelter return on the San Albino gold mine (approximately 3.5 square kilometres) and a 2-per-cent NSR on the rest of the area (approximately 134.5 square km) surrounding San Albino in northern Nicaragua; an up to 3-per-cent NSR on the multimillion-ounce Spring Valley gold project in Pershing county, Nevada; and a 100-per-cent interest in the Gavilanes silver project located in Durango state, Mexico.