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Sailfish Files Technical Report for Updated Mineral Resource Estimate for the Gavilanes Silver Project TORTOLA, British Virgin Islands ,

Resource Estimates Technical Reports (NI 43-101)

Sailfish Files Technical Report for Updated

Mineral Resource Estimate for the Gavilanes

Silver Project

TORTOLA,

British Virgin Islands

,

May 25, 2021

/CNW/ - Sailfish Royalty Corp. (TSXV:

FISH) (OTCQX: SROYF) (the "Company" or "Sailfish") is pleased to announce that it has filed a

technical report (the "Technical Report") in accordance with National Instrument 43-101 –

Standards

of Disclosure for Mineral Projects

. The Technical Report is titled, "

CSA NI

43-101 Technical Report

and Estimate of Mineral Resources, Gavilanes Silver Project, San Dimas Municipality,

Durango,

Mexico

", dated

May 14, 2021

with an effective date of

April 1

, 2021. The Technical report was

produced on behalf of the Company by

Matthew D. Gray

of Resource Geosciences Incorporated

and

Derick Unger

of Mine Development Associates.

The Technical Report supports the results of an updated mineral resource estimate for the

Company's Gavilanes Silver Project, located in San Dimas Municipality in

Durango, Mexico

.

The Company confirms that there are no material differences between the results announced in its

May 18, 2021

press release, and the results set out in the Technical Report now filed under the

Company's profile on SEDAR at

www.sedar.com

, and posted on the Company's website at

www.sailfishroyalty.com

.

About Sailfish

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

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

; an up to 2.75% NSR on the Tocantinzinho gold project

in the prolific Tapajos district of northern

Brazil

; 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.

SOURCE

Sailfish Royalty Corp.

View original content to download multimedia:

http://www.newswire.ca/en/releases/archive/May2021/25/c2606.html

%SEDAR: 00044073E

For further information:

Cesar Gonzalez, CEO, tel. 203-862-7009 or Akiba Leisman, Executive

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

CO: Sailfish Royalty Corp.

CNW 11:31e 25-MAY-21