Mr. David Cole reports

EMX RECEIVES INITIAL PRODUCTION ROYALTY PAYMENTS FROM GEDIKTEPE

EMX Royalty Corp. has received initial royalty production payments from its Gediktepe royalty property in western Turkey. EMX holds a 10-per-cent net smelter return (NSR) royalty on oxide gold production at Gediktepe, a newly commissioned mine operated by Polimetal Madencilik Sanayi ve Ticaret AS, a private Turkish company. EMX has received payments for production from the months of June and July totalling $1,842,452, inclusive of $281,052 in value-added tax (VAT) for which EMX has credits to recover. These represent the first royalty production payments received from Gediktepe after receiving notice that the definition of commercial production had been satisfied in early June (see EMX news release dated July 13, 2022).

The June and July payments are based upon the sales of 4,490 ounces of gold and 23,309 ounces of silver in June and 4,030 ounces of gold and 44,164 ounces of silver in July. It should be noted that the payment for June was prorated for the portion of the month's sales that took place after the satisfaction of the definition of commercial production in the royalty agreement, which took place on June 8.

In addition to the oxide gold royalty, EMX also owns a 2-per-cent NSR royalty on production from an underlying polymetallic copper, zinc, lead and gold deposit that is slated for future development.

Polimetal had informed EMX earlier in 2022 that it expects to produce between 35,000 and 45,000 ounces of gold per year from Gediktepe (with additional contributions from silver production) while mining the oxide gold cap over the next three to four years. The production proceeds received for June and July production are consistent with those projections. The Gediktepe royalty is the subject of a National Instrument 43-101 technical report authored by Dama Engineering with an effective date of Feb. 1, 2022. This technical report has been filed on SEDAR under the company's profile and contains historical mining reserve and mineral resource estimates.

Gediktepe VMS (volcanogenic massive sulphide) deposit: The Gediktepe volcanogenic massive sulphide deposit is a polymetallic system with precious metal-, copper- and zinc-rich domains. The upper portion of the deposit is oxidized, forming a precious metal-enriched gossanous cap that will be mined first, followed by production from the underlying polymetallic sulphide deposit.

Gediktepe was discovered in 2012 by a joint venture between Alacer Gold Corp. (which merged with SSR in 2020) and Lidya Madencilik Sanayi ve Ticaret AS, a private Turkish company. Alacer Gold later converted its 50-per-cent joint venture interest at Gediktepe into the royalty interests now owned by EMX. Polimetal is a wholly owned subsidiary of Lidya and serves as the operator for the Gediktepe project.

Dr. Eric P. Jensen, CPG, a qualified person as defined by National Instrument 43-101 and employee of the company, has reviewed, verified and approved the disclosure of the technical information contained in this news release.

About EMX Royalty Corp.

EMX is a precious, base and battery metals royalty company. EMX's investors are provided with discovery, development and commodity price optionality, while limiting exposure to risks inherent to operating companies. The company's common shares are listed on the NYSE American Exchange and the TSX Venture Exchange under the symbol EMX, and also trade on the Frankfurt exchange under the symbol 6E9.

We seek Safe Harbor.