Sailfish Closes its Previously Announced Transaction to Acquire a Gold Stream from Mako Mining

Executive Summary

• Sailfish Royalty Corp. completed the sale of its 100% interest in Mt. Hamilton LLC to Mako US Corp., receiving a 132‑month gold stream as consideration.
• The stream provides Sailfish with the right to purchase up to 341.7 troy ounces per month for the first 60 months (price = 20% LBMA PM Fix, floor $2,700/oz, cap $3,700/oz) and 100 troy ounces per month for the final 72 months at 20% of the LBMA PM Fix price.
• The deemed purchase price of the stream is US$40 million, fully satisfied by the disposition of the Nevada gold‑silver property.

Key Details

• Transaction Structure: Disposition of Sailfish’s 100% membership interest in Mt. Hamilton LLC (holds permitted Mt. Hamilton Gold‑Silver Project, White Pine County, NV) to Mako US Corp., an affiliate of Mako Mining Corp.
• Consideration – Gold Stream:
• Initial 60 months: ~341.7 troy oz/month; price = 20% of LBMA PM Fix, floor $2,700/oz, cap $3,700/oz.
• Final 72 months: ~100 troy oz/month; price = 20% of LBMA PM Fix (no floor/cap).
• Deemed Purchase Price: US$40 million, satisfied by the property disposition.
• Security: Stream secured against all present and after‑acquired assets of Mako, plus specific guarantees/pledges related to Sailfish’s encumbrance on the Property.
• Approvals:
• Disposition approved by disinterested Sailfish shareholders at the annual general and special meeting (Mar 3 2026) per MI 61‑101 and TSXV policies.
• Approved by Mako shareholders at a special meeting (Mar 3 2026).
• Documentation: Amended & restated purchase and sale agreement, Stream Agreement, and related documents filed on Sailfish’s SEDAR+ profile.

Notable Quotes

• “The completion of this disposition provides Sailfish with a long‑term, low‑cost gold stream that enhances our royalty and streaming portfolio while delivering immediate value to shareholders,” – Paolo Lostritto, CEO.
• “We are pleased to partner with Mako Mining Corp., whose strong balance sheet and operational expertise will ensure the continued development of the Mt. Hamilton Project,” – Akiba Leisman, Executive Chairman.