Mr. Kyle Floyd reports

VOX ACQUIRES PRE-PRODUCTION PLUTONIC EAST GOLD ROYALTY IN WESTERN AUSTRALIA

Vox Royalty Corp. has completed the acquisition of a gold royalty over a portion of the Plutonic gold mine complex in Western Australia from an Australian company for $1.25-million (Australian) (approximately $800,000 (U.S.)).

The Plutonic gold mine is currently operated by Australian gold producer Catalyst Metals Ltd. following its merger with Superior Gold Inc. in June, 2023. The royalty covers 11 mining leases adjacent to and in proximity to the Plutonic mill and is a sliding-scale tonnage royalty based on ore feed type and head grade of the mill feed.

Riaan Esterhuizen, executive vice-president, Australia, stated: "We are excited to acquire this preproduction gold royalty in Western Australia that has historically generated more than $4-million (Australian) of royalty revenue for a purchase price of less than $1-million (U.S.). The opportunistic timing of this royalty acquisition coincides with Catalyst's recent consolidation of the prolific Plutonic/Marymia greenstone belt, a belt which has historically produced over seven million ounces of gold and is still relatively underexplored below 100-metre depth. This acquisition increases Vox's exposure to Australia, where more than two-thirds of its royalty assets are located. Over the next few months, we expect Catalyst to release updated resource and reserve estimates, followed by commencement of satellite mining operations within six to 24 months."

Kyle Floyd, chief executive officer, added: "I am pleased to announce the closing of another strategic preproduction gold royalty that further strengthens our portfolio of Australian royalties at a time when current spot gold prices are elevated above $3,000 (Australian) per ounce. Our competitive deal-sourcing advantages and discipline in our capital allocation strategy will continue to create long-term value for our shareholders."

Project overview -- Plutonic East

The Plutonic East project is located adjacent to the Plutonic mill in Western Australia, now operated by Catalyst following its merger with Superior Gold on June 30, 2023. This transaction brought together the three-million-tonne-per-annum Plutonic gold mine and the neighbouring high-grade Marymia tenements to the northeast (together, the Plutonic gold belt). This represents the first time that the Plutonic gold belt has been consolidated under a single Australian owner. The consolidation is expected to unlock significant operational and financial synergies, including the potential to process numerous high-grade deposits through the Plutonic processing plant, which was not possible prior to consolidation.

Based on Vox management analysis of publicly available information, the royalty tenements cover the majority of the Plutonic East underground mineral resource (as summarized in the attached table) as well as historical satellite gold deposits at Salmon, Perch, Catfish, Callop, Trout, Piranha and Barramundi. Approximately 192,953 ounces of gold were previously mined at the Salmon gold deposit in the 1990s.

According to previous operator Northern Star, exploration work on the Plutonic East tenements between 1990 and 1995 by Plutonic Resources' exploration division discovered a total of one underground prospect and 30 surface prospects. Follow-up resource definition drilling resulted in conversion of these prospects to 10 open pits and one underground mine operated by Barrick Gold of Australia Ltd., including Area 4 (123,619 ounces of production), the Plutonic East underground deposit, Salmon (192,953 ounces of production), Trout (28,167 ounces of production) and Perch (106,105 ounces of production). All of these historical open-pit mines are located on the current royalty area.

Based on historical records received from the vendor, royalty revenue of $4,390,245 (Australian) was historically received from open-pit gold production of 216,020 ounces (4.2 million tonnes milled at 1.8 grams per tonne to 2.5 grams per tonne) and underground production of 103,121 ounces (550,000 tonnes milled at 3.0 grams per tonne to 7.2 grams per tonne). Historical sliding-scale tonnage royalty rates paid to the vendor on a quarterly basis ranged on average from 40 Australian cents per tonne to $1.75 (Australian) per tonne for open-pit ore milled and 70 Australian cents per tonne to $3.50 (Australian) per tonne for underground ore milled. Peak annual royalty revenue of $803,645 (Australian) was received in the 2004/2005 year from approximately 48,000 ounces of royalty-linked production.

Coming expected catalysts for Plutonic East royalty:

• Updated resource and reserve classification for Salmon and Plutonic East deposits in the first half of 2024;
• Production commencement at satellite deposits in 2024 and 2025;
• Continued evaluation of historical drill hole data and mineral resources within the Plutonic East tenements.

Qualified person

Timothy J. Strong, MIMMM, of Kangari Consulting LLC and a qualified person under National Instrument 43-101, has reviewed and approved the scientific and technical disclosure contained in this press release.

About Vox Royalty Corp.

Vox is a return-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 that 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 60 royalties.

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