Sailfish Announces Normal Course Issuer Bid TORTOLA, British Virgin Islands ,

Sailfish Announces Normal Course Issuer Bid

TORTOLA,

British Virgin Islands

,

July 6, 2020

/CNW/ - Sailfish Royalty Corp. (TSXV: FISH)

(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 6, 2020

and ending

July 6, 2021

, purchase up to 2,089,799 common shares of the Company ("Shares") in

total, being approximately 5% of the total number of 58,175,978 Shares outstanding as at

June 30,

2020

, less 819,000 common shares of the Company purchased under the Previous Bid (as defined

herein) between

October 8, 2019

and

June 24, 2020

.

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 PI Financial Corp. on behalf of the Company.

All Share purchases 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 recently completed a Normal Course Issuer Bid through the facilities of the Exchange

between June 24, 2019 and

June 24, 2020

(the "Previous Bid"). Under the Previous Bid, the

Company purchased 2,772,678 common shares of the Company for a volume-weighted average

price of approximately

$1.1754

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 Vice President of Corporate Development,

Cesar

Gonzalez

.

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.

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 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.

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 06-JUL-20