Sailfish Announces Intention to Restructure the Mt. Hamilton Transaction Consideration and Postponement of the Annual General and Special Meeting of Shareholders to New Meeting Date of March 3, 2026

Executive Summary

• Sailfish Royalty Corp. postponed its annual general and special shareholders’ meeting to March 3, 2026 to allow time for finalizing a restructuring of the $40 million consideration related to the proposed disposition of the Mt. Hamilton Gold‑Silver Project.
• The company and Mako Mining Corp. are amending and restating the transaction agreements to uncouple payment timing from project production, aiming to increase certainty of cash flow.
• Closing of the disposition remains subject to shareholder approvals (Sailfish and Mako) and TSX Venture Exchange consent; no additional closing conditions are anticipated.

Key Details

• Original meeting date: February 10, 2026 – now rescheduled to March 3, 2026 at 10:00 AM Vancouver time.
• Record date for voting eligibility remains January 6, 2026.
• Proxy deadline extended to 10:00 AM on February 27, 2026 (Vancouver time).
• Restructuring will be reflected in amended and restated transaction agreements; supplemental information will be filed as an addendum to the Management Information Circular dated January 6, 2026.
• The $40 million consideration for the Mt. Hamilton Project will be restructured to separate payment obligations from any production milestones, enhancing certainty and timing of cash receipts.
• Closing of the disposition is not subject to additional conditions beyond required shareholder approvals (Sailfish and Mako) and TSX Venture Exchange approval.
• All amended documents and supplements will be posted on Sailfish’s SEDAR+ profile (www.sedarplus.ca).

Notable Quotes

• “We are working closely with Mako Mining to finalize a restructuring that provides greater certainty of payment, independent of project production,” – Paolo Lostritto, CEO.
• “The postponement ensures shareholders have adequate time to review the amended agreements and make informed voting decisions,” – Akiba Leisman, Executive Chairman.