Sailfish Royalty - SROYF STOCK NEWS

Sailfish Royalty Corp. (SROYF) reports on Solidus Resources' feasibility study for the Spring Valley Gold Project. The study reveals an after-tax net present value (5%) of US$1.5 billion and an after-tax internal rate of return of 36%. Solidus expects a Record of Decision in Q2/2025 with construction starting in H2/2025.

Sailfish holds multiple royalty interests in Spring Valley, including:

• Up to 3% NSR on majority of proposed open pit acres (part of total 7% NSR above $700/oz Au)
• 1.5% NSR on a portion of the proposed open pit
• 0.5% NSR on another portion of the proposed open pit

Sailfish Royalty Corp. (SROYF) announced that the Bureau of Land Management (BLM) filed the Draft Environmental Impact Statement (DEIS) for the Spring Valley Mine Project in Nevada on February 14, 2025. Comments on the DEIS must be received by April 4, 2025, with a Record of Decision expected by mid to late 2025.

The Plan of Operations, filed March 7, 2023, outlines a 13-year open pit mining project covering 698 unpatented claims and 895 mill site claims. The project expects to mine approximately 323 million tons of mineralized material, 598 million tons of waste rock, and 328 million tons of alluvium, with an average mining rate of 100 million tons per year.

Sailfish holds various royalty interests in Spring Valley, including up to a 3% NSR on the majority of the proposed open pit area, a 1.5% NSR on a portion, and a 0.5% NSR on another portion. The company expects a significant increase in cash flow once the mine enters production.

Sailfish Royalty Corp. (TSXV: FISH) (OTCQX: SROYF) held its annual general meeting on January 23, 2025, with 65.37% of shareholders participating, representing 45,925,739 shares. All matters presented at the meeting received shareholder approval. Additionally, the company granted 2,075,000 incentive stock options to directors, officers, and consultants, exercisable at $1.50 per common share with an expiration date of January 29, 2030. The options are subject to certain vesting provisions and regulatory acceptance.

Sailfish Royalty Corp. (SROYF) has entered into a share purchase agreement to sell its Gavilanes silver project in Mexico to Advance Metals (AML). The transaction includes:

- US$50,000 cash payment
- 16.8 million AML shares
- 33.6 million performance rights convertible to AML shares based on resource milestones
- 2.0% net smelter return royalty

The performance rights will convert into AML shares if AML achieves 30 million oz and 60 million oz resource targets at 300g/t silver equivalent within 5 years. AML must spend minimum US$2 million in exploration over 5 years or pay US$500,000 if exploration targets aren't met and no performance rights vest.

Sailfish Royalty has declared its Q3 2024 quarterly cash dividend of US$0.0125 per common share, payable on January 15, 2025, to shareholders of record as of December 31, 2024. The company will also settle US$205,000 in interest accrued through November 24, 2024, by issuing 188,593 common shares at CDN$1.52 per share to convertible debenture holders. The debentures accrue interest at 10% per annum, payable semi-annually. The share issuance to certain parties constitutes a related party transaction but is exempt from formal valuation requirements under MI 61-101.

Sailfish Royalty has released its Q3 2024 financial results, reporting total revenues of $730,024 for the quarter, up from $413,978 in Q3 2023. The company earned 215 gold ounces from stream interests and generated royalty revenue of $211,942 in Q3 2024. Despite posting a gross profit of $454,040, the company recorded a net loss of $137,648 for the quarter. The company maintained its quarterly dividend of $0.0125 per share and continued its share buyback program, repurchasing 1,586,900 shares during the first nine months of 2024.

Sailfish Royalty Corp. (TSXV: FISH) (OTCQX: SROYF) has declared its third quarterly cash dividend for 2024. The dividend amount is set at US$0.0125 per common share, payable on October 15, 2024 to shareholders of record as of September 30, 2024. The company's Board of Directors will continue to review the dividend policy regularly, considering factors such as financial position, capital allocation, profitability, and cash flow. Sailfish emphasizes that future dividends are subject to Board approval and may be amended or discontinued based on various factors. Investors should note that dividend payments may be subject to withholding taxes.

Sailfish Royalty Corp. (TSXV: FISH) (OTCQX: SROYF) reported record Q2 2024 results, with significant improvements across key financial metrics. Highlights include:

- Gold ounces earned from stream interests increased to 365 for Q2 2024 (up from 268 in Q2 2023)
- Total revenues reached $1,026,242 for Q2 2024 (up from $529,648 in Q2 2023)
- Net income of $1,141,470 for Q2 2024 (compared to a net loss of $434,676 in Q2 2023)
- Quarterly dividends of $0.0125 per share declared and paid

The company also announced engaging Renmark Financial Communications Inc. to enhance investor relations activities, with a monthly fee of up to CAD$8,000 for seven months, subject to TSX-V approval.

Sailfish Royalty Corp. (TSXV: FISH) (OTCQX: SROYF) has announced a new Normal Course Issuer Bid (NCIB) approved by the TSX Venture Exchange. The company plans to repurchase up to 3,539,756 common shares, approximately 5% of its outstanding shares, between July 22, 2024, and July 21, 2025. Purchases will be made on the open market at prevailing prices through Ventum Financial Corp. and funded from working capital.

This follows the completion of a previous NCIB where Sailfish bought back 1,825,400 shares at an average price of $1.2187 per share. The Board believes the current share price undervalues the company and that the buyback is in shareholders' best interests, potentially increasing their equity stake if repurchased shares are cancelled.