Mr. Paolo Lostritto reports

SAILFISH DECLARES Q1 2024 DIVIDEND AND ANNOUNCES TERMINATION OF SHARE PURCHASE OPTION AGREEMENT WITH CMC METALS LTD.

Sailfish Royalty Corp.'s board of directors has declared the company's first quarterly cash dividend for 2024 in the amount of 1.25 U.S. cents per common share, which will be payable on April 15, 2024, to Sailfish shareholders of record as of the close of business on March 31, 2024.

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.

Share purchase option agreement with CMC Metals Ltd. update

The company announces the termination of the share purchase option agreement between the company and CMC Metals, pursuant to which the company granted CMC the option to acquire all of the issued and outstanding shares of Swordfish Silver Corp., which, through Sailfish de Mexico SA de CV, holds the mineral rights in and to the silver exploration project located in the municipality of San Dimas, state of Durango, Mexico, known as the Gavilanes property. For further information regarding the agreement, see the company's news release dated Dec. 21, 2023.

CMC has purported to unilaterally terminate the agreement. The company has accepted the termination and has engaged experienced litigation counsel in British Columbia to review this matter and seek all available remedies, including damages. The company endeavours to provide further updates as and when appropriate.

About Sailfish Royalty Corp.

Sailfish is a precious metal 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 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.

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