Mr. Kyle Floyd reports

VOX ANNOUNCES RECORD REVENUE IN Q1 2023 AND PROVIDES 2023 REVENUE GUIDANCE

Vox Royalty Corp. has realized record preliminary revenue of $3.58-million for the three-month period ended March 31, 2023 (compared with $1,471,000 for the comparable period in 2022). All amounts are in U.S. dollars unless otherwise indicated.

Record Q1 2023 preliminary revenue

Record quarterly revenue of $3.58-million was largely driven by royalty revenue from the company's Wonmunna and Koolyanobbing iron ore royalties in Australia, as well as its Segilola gold royalty in Nigeria. Royalty revenue for the quarter also benefited from strong iron ore prices during the period. These preliminary results should be read in conjunction with the company's unaudited condensed interim consolidated financial statements for the three-month period ended March 31, 2023, as and when released.

Kyle Floyd, chief executive officer, stated: "We are thrilled to announce record preliminary quarterly revenue of nearly $3.6-million, which is equivalent to our annual royalty revenue for the full 2021 fiscal year. The Vox royalty portfolio continues to outperform management's high expectations, underpinned by growing royalty revenue from Western Australia. We look forward to building on this strong momentum in the coming quarters with significant potential upside linked to expansions of existing operations and new mine developments. We are also pleased to share revenue guidance of $11-million to $13-million for 2023, building on the strength of over 160-per-cent annual growth in 2022 royalty receipts, which reflects the ongoing embedded growth in Vox's royalty portfolio."

2023 revenue outlook

In 2023, Vox estimates royalty revenue to total $11-million to $13-million. Revenue growth over the prior year is expected to come from the existing producing royalty assets in the company's portfolio, including a full year of royalty revenue from the company's Wonmunna iron ore royalty (acquired in Q2 2022) and the expected commencement of production at additional royalty-linked gold mines in Western Australia.

About Vox Royalty Corp.

Vox is a returns-focused mining royalty company with a portfolio of over 60 royalties and streams spanning eight jurisdictions. The company was established in 2014 and has since built unique intellectual property, a technically focused transactional team and a global sourcing network, which has allowed Vox to target the highest returns on royalty acquisitions in the mining royalty sector. Since the beginning of 2020, Vox has announced over 25 separate transactions to acquire over 50 royalties.

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