FISH.V · 2022-07-11 12:00:00

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

Mergers & Acquisitions Corporate Actions

Sailfish Announces Normal Course Issuer Bid

TORTOLA,

British Virgin Islands

July 11, 2022

/CNW/ - 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 14, 2022

and

ending

July 13, 2023

, purchase up to 3,586,886 common shares of the Company ("

") in total,

being approximately 5% of the total number of Shares outstanding as at

July 14, 2022

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

July 13, 2021

and

July 13, 2022

(the "

Bid

"). Under the Previous Bid, the Company

purchased 2,593,800 common shares of the Company for a volume-weighted average price of

approximately

$1.3229

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,

Cesar Gonzalez

About Sailfish

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

; and 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.

View original content to download multimedia:

https://www.prnewswire.com/news-releases/sailfish-announces-normal-course-issuer-bid-301583803.html

SOURCE

Sailfish Royalty Corp.

View original content to download multimedia:

http://www.newswire.ca/en/releases/archive/July2022/11/c5218.html

%SEDAR: 00044073E

For further information:

Cesar Gonzalez, CEO, tel. 203-570-1039 or Akiba Leisman, Executive

Chairman of the Board, tel. 203-862-7059.

CO: Sailfish Royalty Corp.

CNW 10:24e 11-JUL-22

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