Mr. Paolo Lostritto reports

SAILFISH ROYALTY DECLARES Q4 2023 DIVIDEND

Sailfish Royalty Corp. has declared the company's fourth quarterly cash dividend for 2023 in the amount of 1.25 U.S. cents per common share, payable on Jan. 15, 2024, to Sailfish shareholders of record as of the close of business on Dec. 31, 2023.

The declaration, timing, amount and payment of future dividends will be subject to the discretion and approval of the board of directors. The company will review the dividend policy on a continuing basis and may amend it at any time, depending on the company's then current financial position, capital allocation framework, profitability, cash flow, legal requirements and other factors considered relevant. As such, no assurances can be made that any future dividends will be declared and/or paid. Dividend payments may be subject to withholding taxes.

Further to its news release dated Nov. 27, 2023, the company has completed the issuance of 219,397 common shares of the company at a price of $1.28 per share in settlement of interest owed to the holders of convertible debentures dated May 24, 2023, totalling $205,000 (U.S.).

The TSX Venture Exchange has approved the interest settlement, and by issuing the shares, the debt has been definitively extinguished. The shares are subject to a statutory hold period of four months from the date of issuance, in accordance with applicable securities legislation.

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

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