Mr. Paolo Lostritto reports

SAILFISH REPORTS ANNUAL AND Q4 2023 RESULTS

Sailfish Royalty Corp. has released its operating and financial results for the year and fourth quarter ended Dec. 31, 2023 (Q4 2023). All amounts are in United States dollars unless otherwise indicated.

2023 highlights:

• Gold ounces earned from stream interests of 1,078 for the year ended Dec. 31, 2023 (2022 -- 1,476);
• Royalty revenue earned of $261,106 for the year ended Dec. 31, 2023 (2022 -- nil);
• Total revenues of $2,333,092 for the year ended Dec. 31, 2023 (2022 -- $2,646,301);
• Gross profit of $1,391,272 for the year ended Dec. 31, 2023 (2022 -- $1,383,654);
• Net loss of $1,105,864 for the year ended Dec. 31, 2023 (2022 -- $1,205,499);
• Repurchased for cancellation an aggregate of 1,080,400 common shares of the company under the current normal course issuer bid for the year ended Dec. 31, 2023 (2022 -- 1,969,200);
• Declared a Q1 2023, Q2 2023, Q3 2023 and Q4 2023 quarterly dividend of 1.25 cents per common share which were paid on April 17, 2023, July 17, 2023, Oct. 16, 2023, and Jan. 15, 2024, respectively.

Q4 2023 highlights:

• Gold ounces earned from stream interests of 243 for the three months ended Dec. 31, 2023 (2022 -- 396);
• Royalty revenue earned of $246,445 for the three months ended Dec. 31, 2023 (2022 -- nil);
• Total revenues of $712,988 for the three months ended Dec. 31, 2023 (2022 -- $676,299);
• Gross profit of $499,999 for the three months ended Dec. 31, 2023 (2022 -- $351,762);
• Net income of $204,956 for the three months ended Dec. 31, 2023 (2022 -- net loss of $134,855).

For complete details, please refer to the annual consolidated financial statements for the years ended Dec. 31, 2023, and 2022 and associated management discussion and analysis for the year ended Dec. 31, 2023, available on SEDAR+ or on the company's website.

Subsequent to Q4 2023 highlights

Subsequent to Dec. 31, 2023, Sailfish purchased 829,800 common shares on market which have been cancelled.

On March 22, 2024, the company declared a dividend of 1.25 cents per common share which was paid on April 15, 2024.

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 NSR (net smelter return) on the San Albino gold mine (about 3.5 square kilometres) and a 2-per-cent NSR on the rest of the area (about 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.