Mr. Kyle Floyd reports

VOX ANNOUNCES Q3 2023 FINANCIAL RESULTS AND DECLARES QUARTERLY DIVIDEND

Vox Royalty Corp. has released its operating and financial results for the third quarter ended Sept. 30, 2023. All amounts are in U.S. dollars unless otherwise indicated.

Kyle Floyd, chief executive officer, stated: "Our third quarter reflects record quarterly and year-to-date gross profits, underpinned by strong revenue that is in line with the annual revenue guidance we announced on April 27, 2023. Our differentiated, returns-focused strategy continues to generate significant fundamental value for investors. To complement the organic growth of our portfolio, we have strategically acquired 10 royalties in Australia over the past two months. We expect these to unlock medium- to long-term revenue from key gold and copper assets such as Red Hill, Plutonic East and Horseshoe Lights. In addition to these recent asset acquisitions, we were pleased to announce an innovative coal [intellectual property] licensing transaction aimed at unlocking latent value for Vox shareholders."

Third quarter 2023 highlights:

• Q3 2023 revenue of $3,514,929 and record year-to-date revenue of $9,313,168 (compared with revenue of $3,181,574 and $6,403,347 for the three and nine months ended Sept. 30, 2022, respectively);
• Record gross profit of $3,109,818 and $7,906,163 for the three and nine months ended Sept. 30, 2023 (compared with $2,463,007 and $5,072,178 for the three and nine months ended Sept. 30, 2022, respectively);
• Q3 2023 net income of $1,046,532 and year-to-date net income of $316,850 (compared with $83,940 and $276,117 for the three and nine months ended Sept. 30, 2022, respectively);
• Generated cash flows from operations of $1,359,501 and $2,929,309 for the three and nine months ended Sept. 30, 2023 (compared with $966,106 and $351,452 for the three and nine months ended Sept. 30, 2022, respectively);
• Strong balance sheet position at quarter-end, including:
  • Cash and accounts receivable of $12,474,468;
  • Working capital of $9,749,118;
  • Total assets of $50,720,916.

For complete details, please refer to the unaudited condensed interim consolidated financial statements and associated management's discussion and analysis for the three and nine months ended Sept. 30, 2023, available on SEDAR+, EDGAR or Vox Royalty's website.

Quarterly dividend

The company is also pleased to announce that its board of directors has approved a quarterly cash dividend of 1.1 cents per common share to be paid on Jan. 12, 2024, to shareholders of record as of the close of business on Dec. 29, 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 Dec. 29, 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 who are not resident in Canada.

Form S-8 registration statement and reoffer prospectus

The company also announces that on Nov. 9, 2023, it will file a registration statement on Form S-8 and an accompanying reoffer prospectus with the U.S. Securities and Exchange Commission.

Under U.S. federal securities laws, an issuer must register any offer or sale of its securities, including equity awards issued as employee compensation, under the Securities Act of 1933, as amended, unless an exemption applies. Here, the company is filing the Form S-8 with the SEC to register: (i) Vox Royalty common shares underlying options, restricted share units and performance share units previously granted under the Vox Royalty 2020 omnibus long-term incentive plan; (ii) Vox Royalty common shares underlying options, deferred share units, restricted share units and performance share units previously granted under the Vox Royalty 2023 omnibus long-term incentive plan; and (iii) Vox Royalty common shares issuable pursuant to the 2023 plan under the 1933 act. The company is also filing the Form S-8 with the SEC to register the reoffer and resale of certain Vox Royalty common shares that may be deemed to be restricted securities and/or control securities within the meaning of the 1933 act by certain shareholders of the company who are its current directors and executive officers.

The reoffer prospectus does not constitute a commitment by the selling shareholders (as defined in the reoffer prospectus) to sell all or any of the stated number of owned common shares, and the actual number of common shares offered and sold will be determined from time to time by each selling shareholder in his or her sole discretion. At the time of filing this press release, neither of the selling shareholders have arranged for the sale of any common shares that are the subject of registration as set out in the reoffer prospectus.

About Vox Royalty Corp.

Vox is a return-focused mining royalty company with a portfolio of over 60 royalties and streams spanning seven 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 Royalty to target the highest returns on royalty acquisitions in the mining royalty sector. Since the beginning of 2020, Vox Royalty has announced over 25 separate transactions to acquire over 60 royalties.

We seek Safe Harbor.