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FISH.V ·

Sailfish Announces Approval to Extend the Expiry Date of Stock Options TORTOLA, British Virgin Islands ,

Share Capital & Compensation

Sailfish Announces Approval to Extend the

Expiry Date of Stock Options

TORTOLA,

British Virgin Islands

,

June 3, 2020

/CNW/ - Sailfish Royalty Corp. (TSX-V: FISH) (the

"Company" or "Sailfish") announces that further to its press release dated

May 28, 2020

, the

Company has received approval from the TSX Venture Exchange to extend the expiry date of: (i)

417,000 stock options issued in

August 2019

with exercise prices of

$1.00

and

$1.33

to

December

23, 2023

; and (ii) 1,200,000 stock options issued in

April 2018

with an exercise price of

$0.75

to

April 24, 2023

.

About Sailfish

Sailfish is a precious metals royalty and streaming company. Within Sailfish's portfolio are two

cornerstone assets on advanced stage projects in the Americas: a gold stream equivalent to a 3%

NSR on the San Albino gold project (~3.5 sq. km) and a 2% NSR on the rest of the area (~134.5 sq.

km) surrounding San Albino in northern

Nicaragua

; and an up to 3.5% NSR on the Tocantinzinho gold

project in the prolific Tapajos district of northern

Brazil

. The acquisition of Terraco Gold Corp. adds a

potential cornerstone asset: an up to 3% NSR on the multi-million ounce

Spring Valley

gold project in

Pershing County, Nevada

.

Sailfish is listed on the TSX Venture Exchange under the symbol "FISH" and on the OTCQX under

the symbol "SROYF". Please visit the Company's website at

www.sailfishroyalty.com

for additional

information.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as the term is defined in

the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of

this release.

SOURCE

Sailfish Royalty Corp.

View original content to download multimedia:

http://www.newswire.ca/en/releases/archive/June2020/03/c1423.html

%SEDAR: 00044073E

For further information:

Akiba Leisman, CEO, tel. 203-862-7059 or Cesar Gonzalez, Director and

Vice President of Corporate Development, tel. 203-862-7009.

CO: Sailfish Royalty Corp.

CNW 08:30e 03-JUN-20