FISH.V · 2024-07-19 12:00:00

Sailfish Announces Normal Course Issuer Bid

Mergers & Acquisitions Corporate Actions

Tortola, British Virgin Islands--(Newsfile Corp. - July 19, 2024) - Sailfish Royalty Corp. (TSXV: FISH)

(OTCQX: SROYF) (the "

Company

" or "

Sailfish

") announced today that the TSX Venture Exchange (the

Exchange

") has accepted a notice filed by the Company of its intention to make a Normal Course

Issuer Bid (the "

Bid

") to be transacted through the facilities of the Exchange.

The notice provides that the Company may, during the 12-month period commencing July 22, 2024 and

ending July 21, 2025, purchase up to 3,539,756 common shares of the Company ("

") in total,

being approximately 5

of the total number of Shares outstanding as at July 16, 2024

The price which the Company will pay for any such Shares will be the prevailing market price at the time

of acquisition.

The actual number of Shares which may be purchased pursuant to the Bid and the timing

of any such purchases will be determined by management of the Company. Purchases under the Bid will

be made from time to time by Ventum Financial Corp. on behalf of the Company.

All purchases of Shares will be made on the open market through the facilities of the Exchange and will

be purchased for cancellation. The funding for any purchase pursuant to the Bid will be financed out of

the working capital of the Company.

The Company's previous Normal Course Issuer Bid through the facilities of the Exchange commenced

on July 18, 2023 and completed on July 17, 2024 (the "

Bid

"). Under the Previous Bid, the

Company purchased 1,825,400 common shares of the Company for a volume-weighted average price

of approximately $1.2187 per share. The common shares purchased under the Previous Bid were then

cancelled and made available for reissue as authorized unissued common shares of the Company.

The Board of Directors of the Company believes that the recent market prices of the Company's

common shares do not properly reflect the underlying value of such shares. As a result, depending upon

future price movements and other factors, the Board believes that the purchase of the Shares would be

an appropriate use of corporate funds and in the best interests of the Company and its shareholders.

Furthermore, the purchases are expected to benefit all persons who continue to hold Shares by

increasing their equity interest in the Company if the repurchased Shares are cancelled.

A copy of the Company's notice filed with the Exchange may be obtained, by any shareholder without

charge, by contacting the Company's Chief Executive Officer, Paolo Lostritto.

About Sailfish

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

assets in the Americas: a gold stream equivalent to a 3% NSR on the San Albino gold mine (~3.5 sq.

km) and a 2% NSR on the rest of the area (~134.5 sq. km) surrounding San Albino in northern

Nicaragua; an up to 3% NSR on the multi-million ounce Spring Valley gold project in Pershing County,

Nevada; and a 100% interest in the Gavilanes Silver Project located in Durango State, Mexico.

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.

For further information:

Paolo Lostritto, CEO, tel. (416) 602-2645 or Akiba Leisman, Executive

Chairman of the Board, tel. 917-558-5289.

Cautionary & Forward-Looking Statements

Cautionary Note Regarding Forward-Looking Statements: This release includes certain statements

and information that may constitute forward-looking information within the meaning of applicable

Canadian securities laws. All statements in this news release, other than statements of historical facts,

including statements regarding future estimates, plans, objectives, timing, assumptions or

expectations of future performance, including the statement that the Company will complete the

purchases of the Shares pursuant to the Bid and that the purchases made pursuant to the Bid are

expected to benefit all persons who continue to hold Shares by increasing their equity interest in the

Company if the repurchased Shares are cancelled are forward-looking statements and contain

forward-looking information. Generally, forward-looking statements and information can be identified

by the use of forward-looking terminology such as "intends" or "anticipates", or variations of such

words and phrases or statements that certain actions, events or results "may", "could", "should",

"would" or "occur". Forward-looking statements are based on certain material assumptions and

analysis made by the Company and the opinions and estimates of management as of the date of this

press release, including that no additional purchases will be made under the Current Bid, the

Company will be able to complete the purchases of the Shares pursuant to the Bid and that the

purchases made pursuant to the Bid will benefit all persons who continue to hold Shares by increasing

their equity interest in the Company if the repurchased Shares are cancelled. These forward-looking

statements are subject to known and unknown risks, uncertainties and other factors that may cause

the actual results, level of activity, performance or achievements of the Company to be materially

different from those expressed or implied by such forward-looking statements or forward-looking

information. Important factors that may cause actual results to vary, include, without limitation, that the

Company will not be able to complete the purchases of the Shares pursuant to the Bid and that the

purchases made pursuant to the Bid will not benefit all persons who continue to hold Shares. Although

management of the Company has attempted to identify important factors that could cause actual

results to differ materially from those contained in forward-looking statements or forward-looking

information, there may be other factors that cause results not to be as anticipated, estimated or

intended. There can be no assurance that such statements will prove to be accurate, as actual results

and future events could differ materially from those anticipated in such statements. Accordingly,

readers should not place undue reliance on forward-looking statements and forward-looking

information. Readers are cautioned that reliance on such information may not be appropriate for other

purposes. The Company does not undertake to update any forward-looking statement, forward-looking

information or financial out-look that are incorporated by reference herein, except in accordance with

applicable securities laws.

To view the source version of this press release, please visit

https://www.newsfilecorp.com/release/217054

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