Mr. David Cole reports

EMX ROYALTY ENTERS INTO AUTOMATIC SHARE PURCHASE PLAN

EMX Royalty Corp. has entered into an automatic share purchase plan (ASPP) with its broker in order to facilitate repurchases of EMX's common shares under the company's previously announced normal course issuer bid.

The company previously announced that it had received approval from the TSX Venture Exchange to purchase up to five million shares for cancellation over a 12-month period that commenced on Feb. 13, 2024, and terminates no later than Feb. 12, 2025. All purchases made pursuant to the NCIB will be made through the facilities of the TSX-V, NYSE American Stock Exchange, other designated exchanges and/or alternative Canadian trading systems or by such other means as may be permitted by applicable securities laws. The price that EMX will pay for shares in open-market transactions will be the market price at the time of purchase. Any shares that are purchased under the NCIB will be cancelled. Since the commencement of the NCIB on Feb. 13, 2024, the company has purchased 17,700 shares on the TSX-V and alternative Canadian trading systems at a weighted average price per share of $2.62 for an aggregate value of approximately $46,000 and 58,302 shares on the NYSE American and alternative U.S. trading systems at a weighted average price per share of $1.93 (U.S.) for an aggregate value of approximately $112,000 (U.S.).

EMX believes that, from time to time, the market price of its shares may not reflect their underlying value and that the purchase of its shares will enhance shareholder value and increase liquidity of the shares. The company intends to finance the purchases out of available cash. The ASPP will facilitate purchases under the NCIB as it will allow for purchases of shares to be made at times when the company would ordinarily not be permitted to make purchases, whether due to regulatory restriction or customary self-imposed blackout periods.

Under the ASPP, the company's broker may purchase shares from the effective date of the ASPP until the end of the NCIB. The ASPP will facilitate purchases of shares under the NCIB by authorizing the company's broker to make purchases at its sole discretion based on parameters set by the company in accordance with the rules of the TSX-V and NYSE American, applicable law and the terms of the ASPP. Outside of periods that the company is restricted from purchasing shares pursuant to insider trading rules or its own internal trading blackout policies, shares may also be purchased at the company's discretion, in compliance with the rules of the TSX-V and NYSE American and applicable law.

All purchases of shares made under the ASPP will be included in determining the number of shares purchased under the NCIB. Any shares purchased by the company pursuant to the ASPP will be cancelled. The company is not currently in possession of any material undisclosed information in relation to the company, the shares or any of the company's other securities. The ASPP constitutes a written automatic purchase plan for purposes of applicable Canadian securities legislation and the ASPP has been precleared by the TSX-V and will be effective on April 12, 2024.

The ASPP will terminate on the earliest of the date on which: (a) the maximum purchase limit under the NCIB has been reached; (b) the NCIB expires; or (c) the ASPP otherwise terminates in accordance with its terms.

About EMX Royalty Corp.

EMX is a precious metal and base metal 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 TSX-V under the symbol EMX.

We seek Safe Harbor.