Sailfish Royalty Corp. announced that on April 6, 2023, the United States Bureau of Land Management acknowledged receipt of a Plan of Operations and Nevada Reclamation Permit Application ("PO") for the Spring Valley Mine Project and confirmed that it is technically complete under the terms of the relevant permitting statutes. The PO was filed with the BLM by Solidus Resources, LLC (" Operator") on March 7, 2023 and proposes the development of an open pit mine, heap leach facilities and related operations and facilities at Spring Valley.

The scope of the PO is based on a 13-year open pit mine plan for 323 million tons of mineralized material that is expected to be heap-leached. This makes Spring Valley one of the largest gold development projects in the Americas and is a core value driver for Sailfish shareholders. Au.

The sliding scale NSR royalty is not payable on the first 500,000 ounces of gold recovered fromany commercial production.2 Ex Including the areas included in the blue and pink boundaries. Spring Valley hosts a 2014 published National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101") compliant report. The technical report titled "NI 43-101 Technical Report on Resources, Spring Valley Project", effective August 1, 2014, was prepared by William J. Crowl, R.G., MMSA QP, Zachary J. Black, SME-RM and Deepak Malhotra, PhD, SME-RM and filed by Midway Gold Corp.

on September 9, 2014 and is based on work completed in a joint venture between Midway Gold Corp. and Barrick Gold Corporation.