Tortola - Sailfish Royalty Corp. (TSXV: FISH) (OTCQX: SROYF) (the 'Company' or 'Sailfish') is pleased to announce that the Company has entered into a share purchase option agreement (the 'Agreement') with CMC Metals Ltd. ('CMC') pursuant to which the Company has granted CMC the option (the 'Option') to acquire all of the issued and outstanding shares of Swordfish Silver Corp. ('Swordfish').

Swordfish, through Sailfish de Mexico S.A. de C.V., 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 (the 'Property').

Upon entering into the Agreement, CMC reimbursed Sailfish for certain fees incurred by Sailfish with respect to the Property in the 2023 calendar year in the amount of US$27,383.

About Sailfish

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% NSR on the San Albino gold mine (3.5 sq. km) and a 2% NSR on the rest of the area (134.5 sq. km) surrounding San Albino in northern Nicaragua; an up to 3% NSR on the multi-million ounce Spring Valley gold project in Pershing County, Nevada and a 100% interest in the Gavilanes Silver Project located in Durango State, Mexico.

Cautionary Notes Regarding Forward-Looking Statements

This release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. All statements in this news release, other than statements of historical facts, are forward looking statements, including statements regarding the expectation that CMC will exercise the Option and make the Option Payments and that the Company and CMC will receive all necessary approvals, including the acceptance of the TSXV. Forward-Looking statements are based on certain material assumptions and analysis made by the Company and the opinions and estimates of management as of the date of this press release, including that CMC will exercise the Option and make the Option Payments and that the Company and CMC will receive all necessary approvals, including the acceptance of the TSXV, as applicable. These forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements or forward-looking information. Important factors that may cause actual results to vary, include, without limitation that CMC will not exercise the Option or make the Option Payments and that the Company and CMC will not receive all necessary approvals, including the acceptance of the TSXV, as applicable. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement or forward-looking information contained herein, except in accordance with applicable securities laws.

(C) 2023 Electronic News Publishing, source ENP Newswire