Sailfish closes acquisition of gold stream from Mako

Mr. Paolo Lostritto reports SAILFISH CLOSES ITS PREVIOUSLY ANNOUNCED TRANSACTION TO ACQUIRE A GOLD STREAM FROM MAKO MINING Further to Sailfish Royalty Corp.'s news releases dated Sept. 29, 2025, Nov. 26, 2025, Feb. 14, 2026, and March 3, 2026, the company has completed the previously announced disposition of the company's 100-per-cent membership interest in Mt. Hamilton LLC (MH LLC), which holds the permitted Mt. Hamilton gold-silver project located in White Pine county, Nevada, United States, to Mako U.S. Corp., an affiliate of Mako Mining Corp., in exchange for a 132-month gold stream. Transaction highlights Pursuant to the terms of the amended and restated gold purchase agreement with Mako dated Feb. 14, 2026, Sailfish will receive the following consideration: During the initial 60 months of the Stream, Sailfish will purchase from Mako approximately 341.7 troy ounces of gold per month at a price equal to 20 per cent of the London Bullion Market Association PM Fix price, subject to a floor of $2,700 (U.S.) per ounce and a cap of $3,700 (U.S.) per ounce. During the final 72 months of the stream, Sailfish will purchase from Mako approximately 100 troy ounces of gold per month at a price equal to 20 per cent of the London Bullion Market Association PM Fix price. The stream is secured against all present and after-acquired property of Mako, in addition to specific guarantees and pledges relating to an encumbrance by Sailfish over the property. The deemed purchase price of the stream is $40-million (U.S.), satisfied through the disposition of the property to Mako U.S. Shareholder and regulatory approvals The disposition was approved by disinterested shareholders of Sailfish at the company's annual general and special meeting held on March 3, 2026, in accordance with the requirements of Multilateral Instrument 61-101 -- Protection of Minority Security Holders in Special Transactions and the policies of the TSX Venture Exchange. The disposition was also approved by Mako's shareholders at a special meeting held on March 3, 2026. Copies of the amended and restated purchase and sale agreement dated Feb. 14, 2026, among Sailfish, Mako U.S. and Mako, the stream agreement and related documents are available under the company's SEDAR+ profile. About Sailfish Royalty Corp. Sailfish is a precious metals royalty and streaming company. Within Sailfish's portfolio are three main assets in the Americas: a gold stream equivalent to a 3-per-cent NSR (net smelter return) on the San Albino gold mine (approximately 3.5 square kilometres) and a 2-per-cent NSR on the rest of the area (approximately 134.5 square km) surrounding San Albino in northern Nicaragua; an up to 3-per-cent NSR on the fully permitted multimillion-ounce Spring Valley gold mine project in Pershing county, Nevada; and a 2-per-cent NSR on the Gavilanes silver project located in Durango state, Mexico. Sailfish is listed on the TSX Venture Exchange under the symbol FISH and on the OTCQB under the symbol SROYF. We seek Safe Harbor.