Vox Receives First Royalty Payment from Segilola GOLD Project
VOX RECEIVES FIRST ROYALTY PAYMENT
FROM SEGILOLA GOLD PROJECT
TORONTO, CANADA – February 10, 2022 – Vox Royalty Corp. (TSXV: VOX) (OTCQX: VOXCF) (“Vox” or
the “Company”), a high growth precious metals focused royalty company, is pleased to announce that it has received
its maiden monthly royalty payment of approximately C$116,750 (US$92,100)(1) from a subsidiary of Thor
Explorations Ltd. (TSXV: THX) (“Thor”).
Kyle Floyd, Chief Executive Officer stated: “We are thrilled to share this major first royalty revenue milestone from
Segilola with Vox shareholders. Based on production estimates from Thor, we expect that this royalty has the potential
to generate revenue almost five times Vox’s initial investment of C$900,000 within a span of three years. Thor
management are to be congratulated for successfully constructing and commissioning Nigeria’s first commercial gold
mine, particularly given the unprecedented supply chain challenges for greenfield mining development projects.”
Highlights
• Received inaugural royalty revenues of US$92,100 from exported sales of gold and payable silver by-product
credits in December 2021 at the Segilola Gold Project;
• On January 10, 2022, Thor announced that it expects production for Q1 2022 of 20,000 to 22,000 ounces of
gold and full year 2022 production of 80,000 to 100,000 ounces of gold;
• Thor previously announced that Segilola achieved commercial production on October 5, 2021; and
• Sales are expected to increase in future months a s Segilola continues to operate and export at steady state
rates.
About Vox
Vox is a high growth precious metals royalty and streaming company with a portfolio of over 50 royalties and streams
spanning eight jurisdictions. The Company was established in 2014 and has since built unique intellectual property, a
technically focused transactional team and a global sourcing network which has allowed Vox to become the fastest
growing company in the royalty sector. Since the beginning of 2019, Vox has announced over 20 separate transactions
to acquire over 45 royalties.
Further information on Vox can be found at www.voxroyalty.com.
For further information contact:
Simon Cooper
Vice President, Corporate Development
Kyle Floyd
Chief Executive Officer
Cautionary Note Regarding Forward Looking Information
This news release contains certain forward-looking statements. Any statements that express or involve discussions with respect to
predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always,
using words or phrases such as “believes”, “expects” or “does not expect”, “is expected”, “anticipates” or “does not anticipate”
“plans”, “estimates” or “intends” or stating that certain actions, events or results “ may”, “could”, “would”, “might” or “will”
be taken, occur or be achieved) are not statements of historical fact and may be “forward -looking statements”. Forward-looking
statements are subject to a variety of risks and uncertainties which could cause actual events or results to material ly differ from
those reflected in the forward-looking statements.
The forward-looking statements and information in this press release include, but are not limited to , Vox’s anticipated lifetime
revenue from the Segilola project and anticipated future cash flows, the ability of the project operator to continue to meet publicly
available production guidance and execute sales of its resources , and continued receipt of royalty payments from the project
operator.
Forward-looking statements and information are based on forecasts of future results, estimates of amounts not yet determinable
and assumptions that, while believed by management to be reasonable, are inherently subject to significant business, economic
and competitive uncertainties and contingencies. Forward -looking statements and information are subject to various known and
unknown risks and uncertainties, many of which are beyond the ability of Vox to control or predict, that may cause Vox’s actu al
results, performance or achievements to be materially different from those expressed or implied thereby, and are developed based
on assumptions about such risks, uncertainties and other factors set out herein, including but not limited to: the requiremen t for
regulatory approvals and third party consents, the impact of general business and economic conditions, the absence of control
over the mining operations from which Vox will receive royalties, including risks related to international operations, govern ment
relations and environmental regulation, the inherent risks involved in the exploration and development of mineral properties; t he
uncertainties involved in interpreting exploration data; the potential for delays in exploration or development activities; t he
geology, grade and continuity of mineral deposits; the impact of the COVID -19 pandemic; the possibility that future exploration,
development or mining results will not be consistent with Vox’s expectations; accidents, equipment breakdowns, title matters, labor
disputes or other unanticipated difficulties or interruptions in operations; fluctuating metal prices; unanticipated costs an d
expenses; uncertainties relating to the availability and costs of financing needed in the future; the inherent uncertainty o f
production and cost estimates and the potential for unexpected costs and expenses, commodity price fluctuations; currency
fluctuations; regulatory restrictions, including environmental regulatory restrictions; liability, competition, loss of key employees
and other related risks and uncertainties. Should one or more of these risks, uncertainties or other factors materialize, or should
assumptions underlying the forward -looking information or statement prove incorrect, actual results may vary materially fr om
those described herein as intended, planned, anticipated, believed, estimated or expected. Vox cautions that the foregoing li st of
material factors is not exhaustive. When relying on the Company’s forward-looking statements and information to make decisions,
investors and others should carefully consider the foregoing factors and other uncertainties and potential events.
Vox has assumed that the material factors referred to in the previous paragraph will not cause such forward looking statement s
and information to differ materially from actual results or events. However, the list of these factors is not exhaustive and is subject
to change and there can be no assurance that such assumptions will reflect the actual outcome of such items or factors. The
forward-looking information contained in this press release represents the expectations of Vox as of the date of this press release
and, accordingly, is subject to change after such date. Readers should not place undue importance on forward looking information
and should not rely upon this information as of any other date. While Vox may elect to, it does not undertake to update this
information at any particular time except as required in accordance with applicable laws.
Neither the TSX Venture Exchange nor it s Regulation Services Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of this release.
Technical References & Notes:
(1) These figures have not been audited and are subject to change. As the Company has not yet finished its quarter-end
close procedures, the anticipated financial information presented in this press release is preliminary, subject to final
quarter-end closing adjustments, and may change materially.