Vox Royalty acquires Wyloo North iron ore royalty

Mr. Spencer Cole reports VOX ROYALTY ACQUIRES WYLOO NORTH IRON ORE ROYALTY IN PILBARA REGION OF WESTERN AUSTRALIA Vox Royalty Corp. has executed a binding agreement to acquire an iron ore royalty over the Wyloo North iron ore project in the Pilbara region of Western Australia, currently operated by Fortescue Metals Group, from an Australian company for $1.5-million (Australian) (approximately $1-million (U.S.)). The royalty is a 1.5-per-cent gross revenue royalty payable on the first 15 million tonnes of iron ore production from the Wyloo North deposit, which forms part of Fortescue's Greater Western Hub. Spencer Cole, chief investment officer, stated: "We are pleased to announce the Wyloo North royalty acquisition in Western Australia, which aligns with Vox's focus on large high-grade orebodies, operated by large-cap mining companies with medium-term development potential via existing infrastructure. The Wyloo North royalty is expected to generate meaningful returns once it enters production. Vox management is confident that the deposit has the potential to be fast-tracked towards production by the $60-billion (Australian) market cap operator Fortescue." Project overview -- Wyloo North The Wyloo North iron ore deposit is a large seven-kilometre-long satellite orebody located within 30 kilometres (km) of the producing Eliwana iron ore operation, which currently produces 30 million tonnes per year iron ore annually. Wyloo North contains some of the highest-grade iron content of any deposit within Fortescue's Greater Western Hub (59.6 per cent iron (Fe) at Wyloo North compared with the Greater Western Hub total of 56.8 per cent Fe). FMG Pilbara Pty. Ltd. (FMGP) Ltd., which is a subsidiary of Fortescue, is the operator of the key Wyloo North mining lease M47/1567 (formerly M47/1488, M47/1489, M47/1490, M47/1508, E47/1395 and E47/1650), which is part of a package of tenements collectively known as the Wyloo North project. Exploration mapping and drilling have been carried out on the project area since mid-2006, and, through the results of that drilling, FMGP has identified significant iron ore mineralization within the tenement boundaries. During 2006 through to 2016, FMGP conducted extensive mapping programs throughout the Wyloo North project. From the mapping focusing on the Marra Mamba and Brockman iron formation bedrock, areas of mineralization were identified for reverse circulation (RC) drilling to test for bedded iron deposits and detrital iron deposits. The iron ore deposits at Wyloo North are variably dipping to the north and northeast ranging from 20 to 60 degrees dip and thicknesses up to 95 metres (m) in vertical thickness. The combined strike length of mineralization through the central project area is over seven km long, with additional 1.5 km to two km strike length mineralization in the western region and 800 m to one km strike length of mineralization on the east of M47/1567. The deposits occur as bedded iron deposits and are hosted within the Brockman iron formation, Marra Mamba iron formation and, in part, the Weeli Wolli formation. The most recent Wyloo North inferred mineral resource estimate disclosed by Fortescue, prior to its consolidation within the Greater Western Hub mineral resource total, is detailed in the attached table. Based on the results obtained from the continuing RC drilling programs across Wyloo North, JORC-compliant resource models have been estimated on a continuing basis by Fortescue. From the completion of these prior resource models, Fortescue formed the opinion that a significant body of potentially economic mineralization exists in the area covered by former tenements M47/1488, M47/1489, M47/1490, M47/1508, E47/1395 and E47/1650, which formed the basis of a mining lease application for ML47/1567. This mining lease application was based on a reasonable prospect that this mineralization will be mined at some future point in time. Upcoming potential catalysts for Wyloo North royalty: Updated resource and reserve classification for Wyloo North deposit; Lodgement of a referral form with the Western Australia EPA for Wyloo North development approval; Receipt of ministerial decision to commence mine development. Qualified person Timothy J. Strong, MIMMM, of Kangari Consulting LLC, a qualified person under National Instrument 43-101, has reviewed and approved the scientific and technical disclosure contained in this news release. About Vox Royalty Corp. Vox is a returns focused mining royalty company with a portfolio of over 60 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 that has allowed Vox to target the highest returns on royalty acquisitions in the mining royalty sector. Since the beginning of 2020, Vox has announced over 25 separate transactions to acquire over 60 royalties. We seek Safe Harbor.