Mr. Kyle Floyd reports

VOX ANNOUNCES Q1 2023 FINANCIAL RESULTS AND DECLARES QUARTERLY DIVIDEND

Vox Royalty Corp. has released its operating and financial results for the first quarter ended March 31, 2023. All amounts are in U.S. dollars unless otherwise indicated.

Kyle Floyd, chief executive officer stated: "Following our recent announcements to highlight record quarterly revenue and a dividend increase, we are excited to share record quarterly gross profit and the declaration of another quarterly dividend for investors. Our strong Q1 2023 financial performance is a testament to management's focus on thorough technical due diligence and disciplined royalty acquisition practices."

First Quarter 2023 Highlights

• Record revenue of $3,580,855 for the three months ended March 31, 2023 (compared to revenues of $1,471,019 for the three months ended March 31, 2022);
• Record gross profit of $2,964,857 for the three months ended March 31, 2023 (compared to $1,164,293 for the three months ended March 31, 2022);
• Increasing the Company's quarterly cash dividend by 10% to $0.011 per common share on March 13, 2023, payable to shareholders of record as of March 31, 2023;
• Significant organic development within the Company's existing royalty portfolio, including Silver Mines Limited ("Silver Mines") announcing a substantial resource upgrade and maiden gold resource estimate for the Bowdens silver project in Australia, Alamos Gold Inc. announcing the completion of an Environmental Impact Assessment and positive Decision Statement issued by the Minister of Environment and Climate Change (Canada) for the Lynn Lake gold project in Canada and Treasury Metals Inc. announcing positive results for its pre-feasibility study over the Goldlund gold project in Canada;
• Strong balance sheet position at quarter end, including:
• Cash and accounts receivable of $7,750,584;
• Working capital of $3,683,329;
• Total assets of $43,236,735;
• Subsequent to March 31, 2023:
• Shared annual 2023 royalty revenue guidance of $11,000,000 - $13,000,000;
• Silver Mines announced that the Bowdens silver project has been approved by the Independent Planning Commission of New South Wales to proceed with development and production of the project, subject to certain conditions;
• Jangada Mines PLC announced that it has received positive test results regarding the extraction of high-grade titanium dioxide and vanadium pentoxide from its Pitombeiras vanadium titanomagnetite project in Brazil;
• Appointed experienced mining industry executive Donovan Pollitt to the Company's Board of Directors; andShared an inaugural letter to investors.

Summary of Quarterly Results
Three monthsendedMarch 31, 2023     Three monthsendedMarch 31, 2022   
                                                $                                   $                                 
Income Statement                                                                                                      
Revenue                                                                3,580,855                           1,471,019  
Gross profit                                                           2,964,857                           1,164,293  
Operating expenses                                                    (2,021,879 )                        (1,452,661 )
Income (loss) from operations                                            942,978                            (288,368 )
Other income (expenses)(1)                                              (841,155 )                           151,822  
Current tax expense                                                     (178,977 )                          (196,708 )
Deferred tax recovery (expense)                                         (604,085 )                            92,862  
Net loss and comprehensive loss                                         (681,239 )                          (240,392 )
Loss per share - basic and diluted                                         (0.02 )                             (0.01 )
                                                                                                                      
Statement of Cash Flows                                                                                               
Cash flows from (used in) operating activities                           500,017                            (404,825 )
                                                                                                                      
Dividends declared per share                                               0.011                                0.00  

(1) Other income (expenses) comprises fair value change of warrants, foreign exchange differences, interest income, and loss on investments.

For complete details, please refer to the unaudited condensed interim consolidated financial statements and associated Management Discussion and Analysis for the three months ended March 31, 2023, available on SEDAR (www.sedar.com), EDGAR (www.sec.gov) or on Vox's website (www.voxroyalty.com).

Quarterly Dividend

The Company is also pleased to announce that its Board of Directors has approved a quarterly cash dividend of $0.011 per common share to be paid on July 14, 2023 to shareholders of record as of the close of business on June 30, 2023.

For shareholders residing in Canada, the dividend will be paid in Canadian dollars based on the daily exchange rate published by the Bank of Canada on June 30, 2023. The dividend qualifies as an "eligible dividend" as defined in the Income Tax Act (Canada). The dividend is subject to customary Canadian withholding tax for shareholders that are not resident in Canada.

About Vox

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.

We seek Safe Harbor.