Sailfish arranges buyback of up to 3.76 million shares

Mr. Paolo Lostritto reports SAILFISH ANNOUNCES NORMAL COURSE ISSUER BID AND CLOSES THE CONVERSION OF GAVILANES INTO A 2% NSR The TSX Venture Exchange has accepted a notice filed by Sailfish Royalty Corp. of its intention to make a normal course issuer bid to be transacted through the facilities of the exchange. The notice provides that the company may, during the 12-month period commencing Aug. 12, 2025, and ending Aug. 11, 2026, purchase up to 3,767,749 common shares of the company in total, being approximately 5 per cent of the total number of shares outstanding as at July 16, 2025. The price which the company will pay for any such shares will be the prevailing market price at the time of acquisition. The actual number of shares that may be purchased pursuant to the bid and the timing of any such purchases will be determined by management of the company. Purchases under the bid will be made from time to time by Ventum Financial Corp. on behalf of the company. All purchases of shares will be made on the open market through the facilities of the exchange and will be purchased for cancellation. The financing for any purchase pursuant to the bid will be financed out of the working capital of the company. The company's prior normal course issuer bid through the facilities of the exchange commenced on July 22, 2024, and completed on July 21, 2025. Under the prior bid, the company has purchased 1,400,200 common shares of the company for a volume-weighted average price of approximately $1.4759 per share. The common shares purchased under the prior bid were then cancelled and made available for reissue as authorized unissued common shares of the company. The board of directors of the company believes that the recent market prices of the company's common shares do not properly reflect the underlying value of such shares. As a result, depending upon future price movements and other factors, the board believes that the purchase of the shares would be an appropriate use of corporate funds and in the best interests of the company and its shareholders. Furthermore, the purchases are expected to benefit all persons who continue to hold shares by increasing their equity interest in the company if the repurchased shares are cancelled. A copy of the company's notice filed with the exchange may be obtained, by any shareholder without charge, by contacting the company's chief executive officer, Paolo Lostritto. Gavilanes silver project Pursuant to the company's news release dated Dec. 17, 2024, the company is pleased to announce the closing of the transaction contemplated by the share purchase agreement with Advance Metals Ltd. (AML) pursuant to which the company has agreed to sell to AML all of the issued and outstanding shares of Swordfish Silver Corp. Swordfish, through Sailfish de Mexico SA de CV, holds the mineral rights in and to the silver exploration project located in the municipality of San Dimas, state of Durango, Mexico, known as the Gavilanes property. Pursuant to the terms of the agreement, the company has received the following consideration for the acquisition of the purchased shares by AML: A cash payment to the company in the amount of $50,000 (U.S.); 16.8 million fully paid ordinary shares in the capital of AML; 33.6 million performance rights, with such performance rights entitling the company to the issuance of AML shares upon satisfaction of the following milestones; 16.8 million performance rights shall automatically convert, without payment of additional consideration, into 16.8 million AML shares upon AML achieving a 30-million-ounce resource at 300 grams per tonne silver equivalent or greater from the property on or before the date that is five years following the closing date; 16.8 million performance rights shall automatically convert, without payment of additional consideration, into 16.8 million AML shares upon AML achieving a 60-million-ounce resource at 300 grams per tonne silver equivalent or greater from the property on or before the milestone deadline; A 2.0-per-cent net smelter return royalty in respect of all mineral production from the area within the boundaries of the property. In the event that AML has not achieved the milestone applicable to any performance rights that remain outstanding as at the milestone deadline, such performance rights will lapse and the company will not be entitled to the issuance of any AML shares in respect of such performance rights. In addition to the consideration outlined above, pursuant to the terms of the agreement, on and from the closing date until the date which five years thereafter, AML has agreed to incur a minimum of $2-million (U.S.) in exploration expenditures on the property, and, in the event that: (i) the minimum expenditure commitment is not satisfied during the minimum expenditure period; and (ii) no performance rights have vested as at such time, AML shall make an immediate cash payment of $500,000 to the company. OTCQB listing In an effort to lower corporate costs, the company will move from the OTCQX market to the OTCQB market, effective Aug. 28, 2025. 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 royalty on the San Albino gold mine (approximately 3.5 square kilometres) and a 2-per-cent NSR royalty on the rest of the area (approximately 134.5 square kilometres) surrounding San Albino in northern Nicaragua; an up-to-3-per-cent NSR royalty on the fully permitted multimillion-ounce Spring Valley gold mine project in Pershing county, Nevada; and a 2-per-cent NSR royalty on the Gavilanes silver project located in Durango state, Mexico. Sailfish is listed on the TSX-V under the symbol FISH and on the OTCQX under the symbol SROYF. We seek Safe Harbor.