Mr. Paolo Lostritto reports

SAILFISH ANNOUNCES CLOSING OF SALE OF SPRING VALLEY AND MOONLIGHT ROYALTIES TO OR ROYALTIES INC. FOR US$168 MILLION IN CASH

Further to the news release dated Feb. 24, 2026, Sailfish Royalty Corp. has completed the previously announced sale of all of the issued and outstanding shares of Terraco Gold Corp., a wholly owned subsidiary of Sailfish, to OR Royalties Inc. for after-tax cash consideration of $168-million (U.S.).

Terraco Gold, through its subsidiaries TGC Holdings Ltd. and Terraco Royalties USA Inc., holds:

• An up-to-3-per-cent net smelter return royalty on Solidus Resources' Spring Valley gold project in Pershing county, Nevada, United States; and
• A 2-per-cent net smelter return royalty on Solidus Resources' Moonlight property in Nevada, United States.

In connection with the transaction, National Bank Financial Inc. acted as a financial adviser, and Infor Financial Group acted as a strategic adviser to the company. DuMoulin Black LLP acted as legal counsel to the company.

Paolo Lostritto, chief executive officer of Sailfish Royalty, stated: "The sale of the Spring Valley and Moonlight royalties meaningfully reduces portfolio concentration risk while strengthening our cash position at a time of significant opportunity in the current market. Sailfish intends to redeploy this capital within the mining sector, with a strong focus on precious metals streams and royalties, to support our robust dividend policy."

About Sailfish Royalty Corp.

Sailfish is a precious metal royalty and streaming company focused on returning capital to shareholders with an industry-leading dividend yield. Within Sailfish's portfolio are three main assets in the Americas: a gold stream equivalent to a 3-per-cent NSR 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 kilometres) surrounding San Albino in northern Nicaragua; a 2-per-cent NSR on the Gavilanes silver project located in Durango state, Mexico; and an 11-year gold stream with Mako Mining Corp. (see March 24, 2026, news release).

Sailfish is listed on the TSX Venture Exchange under the symbol FISH and on the OTCQB under the symbol SROYF.

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