Vancouver, British Columbia - Maverix Metals Inc. ('Maverix' or the 'Company') (NYSE American & TSX: MMX) is announcing that as a result of minor delays in materials being received during the holiday season and at the request of the Depository Trust and Clearing Corporation ('DTCC') the deadline for shareholders to elect to receive either 'all cash' or 'all shares' as their form of consideration under the Plan of Agreement (the 'Arrangement') involving Maverix and Triple Flag Precious Metals Corp.

('Triple Flag') has been extended to 5:00 p.m. (Toronto time) on January 11, 2023 (the 'Election Deadline'). Pursuant to the terms of the Arrangement, shareholders of Maverix may elect to receive either US$3.92 in cash or 0.360 of a common share of Triple Flag per Maverix share held (the 'Consideration'). The shareholder election is subject to pro-ration such that the cash consideration will not exceed 15% of the total consideration and the share consideration will not exceed 85% of the total consideration. Maverix shareholders who do not elect to receive either all Triple Flag shares or all cash by the Election Deadline will be deemed to have elected the default consideration of 0.360 of a Triple Flag share per Maverix share held. In agreement with Triple Flag, Maverix has now extended the deadline for shareholders to make their election as to the form of Consideration they would like to receive to 5:00 p.m. (Toronto time) on January 11, 2023.

The special meeting of the holders of common shares of Maverix (the 'Special Meeting') will be held on January 12, 2023, at 10:00 a.m. (Pacific time) and the cut-off time for shareholders to vote their shares or deliver their proxies with regards to the Arrangement is 10:00 a.m. (Pacific time) on January 10, 2023. Details regarding the terms and conditions of the Arrangement are set out in Maverix's management information circular filed and mailed to shareholders, which, together with definitive documentation, including a copy of the letter of transmittal and election form for registered shareholders, is available under Maverix's profile at www.sedar.com. Beneficial shareholders that hold Maverix shares through an intermediary should contact their intermediary for instructions and assistance in making the election and voting and surrendering the Maverix shares they beneficially own. In addition to receipt of the requisite approval of the Maverix shareholders, the completion of the Arrangement is subject to final approval of the Arrangement by the Ontario Superior Court of Justice (Commercial List) and the satisfaction or waiver of the other customary conditions to completion of the Arrangement.

About Maverix

Maverix is a gold-focused royalty and streaming company with a globally diversified portfolio of over 140 assets. Maverix's mission is to increase per share value by acquiring precious metals royalties and streams. Its shares trade on both the NYSE American and the TSX under the symbol 'MMX'.

Contact:

Investor

Maverix Metals Inc.

Valerie Burns Manager

T: (604) 343-6225

E: info@maverixmetals.com

(C) 2023 Electronic News Publishing, source ENP Newswire