Sailfish Announces Completion of Sale of Almaden Project

Sailfish Announces Completion of Sale of Almaden Project

TORTOLA, British Virgin Islands, March 3, 2020 /CNW/ - Sailfish Royalty Corp. (TSX-V:

FISH) (the "Company" or "Sailfish") is pleased to announce that it has completed its

previously announced sale (the "Transaction") of the Almaden Gold Project to

GoldMining Inc.'s ("GoldMining") wholly-owned subsidiary.

The total purchase price under the Transaction is C$1,150,000, which was satisfied by

the GoldMining paying C$575,000 in cash and issuing 337,619 GoldMining shares at a

deemed price of C$1.70 per share.

The shares issued under the Transaction are subject to a four month and one day hold

period and certain additional ongoing resale restrictions pursuant to the terms of the

asset purchase agreement between the parties to the Transaction.

For further information regarding the Transaction, please refer to the Company's news

release dated February 24, 2020.

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.

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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-MAR-20