Mr. Paolo Lostritto reports

SAILFISH REPORTS ANNUAL AND Q4 2025 RESULTS

Sailfish Royalty Corp. has released its operating and financial results for the year and fourth quarter (Q4) ended Dec. 31, 2025. All amounts are in U.S. dollars unless otherwise indicated.

2025 highlights:

• Royalty revenues earned of $2,366,144 for the year ended Dec. 31, 2025 (2024 -- $974,644);
• Gold ounces earned from stream interests of 61 for the year ended Dec. 31, 2025 (2024 -- 782);
• Silver ounces earned from stream interests of 17,661 for the year ended Dec. 31, 2025 (2024 -- nil);
• The company received and sold 67,500 ounces of silver (2024 -- 160,067 ounces) relating to the silver receivable for proceeds of $2,148,301 for the year ended Dec. 31, 2025 (2024 -- $4,404,493);
• Total revenues of $3,375,267 for the year ended Dec. 31, 2025 (2024 -- $2,839,933);
• Gross profit of $3,137,486 for the year ended Dec. 31, 2025 (2024 -- $1,866,811);
• Total income of $1,714,228 for the year ended Dec. 31, 2025 (2024 -- $550,033);
• Repurchased for cancellation an aggregate of 631,100 common shares of the company under the current normal course issuer bid for the year ended Dec. 31, 2025 (2024 -- 1,836,300);
• Declared a Q1 (first quarter) 2025, Q2 (second quarter) 2025, Q3 (third quarter) 2025 and Q4 2025 quarterly dividend of 1.25 cents per common share. Q1 2025, Q2 2025 and Q3 2025 were paid on April 15, 2025, July 15, 2025, and Oct. 15, 2025, respectively. Q4 2025 will be payable on July 15, 2026.

Q4 2025 highlights:

• Royalty revenues earned of $773,284 for the three months ended Dec. 31, 2025 (2024 -- $432,871);
• Total revenues of $1,195,396 for the three months ended Dec. 31, 2025 (2024 -- $725,712);
• Gross profit of $1,123,462 for the three months ended Dec. 31, 2025 (2024 -- $599,002);
• Net loss of $119,865 for the three months ended Dec. 31, 2025 (2024 -- $601,824).

For complete details, please refer to the annual consolidated financial statements for the years ended Dec. 31, 2025, and Dec. 31, 2024, and the associated management's discussion and analysis for the year ended Dec. 31, 2025, available on SEDAR+ or on the company's website.

Subsequent to Q4 2025 highlights

On Feb. 23, 2026, the company entered into a share purchase agreement with OR Royalties Inc., pursuant to which the company agreed to sell to OR Royalties all of the issued and outstanding shares of Terraco Gold Corp., a wholly owned subsidiary of Sailfish, for after-tax cash consideration of $168-million, payable on closing of the transaction. Terraco Gold, through its subsidiaries, TGC Holdings Ltd. and Terraco Royalties USA Inc., holds the Spring Valley royalty and Moonlight royalty. This transaction closed on April 10, 2026.

On Feb. 24, 2026, the company declared a dividend of 3.75 cents per common share, which will be payable on July 15, 2026.

On March 23, 2026, the company acquired an 11-year gold stream from Mako Mining Corp. Under the gold stream, the company will receive: (i) a monthly gold delivery for a period of 132 months, whereby Sailfish will purchase from Mako approximately 341.7 troy ounces of gold for the first 60 months at a price equal to 20 per cent of the London Bullion Market Association PM Fix price, but in any event not less than $2,700 per ounce of gold and not more than $3,700 per ounce of gold; and (ii) a monthly gold delivery for a final 72 months, whereby Sailfish will purchase from Mako 100 troy ounces of gold at a price equal to 20 per cent of the London Bullion Market Association PM Fix price with no ceiling or floor limitations associated with such price.

On April 13, 2026, the company repaid the short-term loan and accrued interest in full, which consisted of $40-million in principal and $1,794,310 in interest.

Subsequent to Dec. 31, 2025, Sailfish purchased 481,300 common shares on market, of which all have been cancelled.

Subsequent to Dec. 31, 2025, the company received and sold 274.321 ounces of gold for $1,316,741 pertaining to the gold purchase agreement with Mako Mining Corp..

About Sailfish Royalty Corp.

Sailfish is a precious metals royalty and streaming company focused on returning capital to shareholders with an industry-leading dividend yield. Within Sailfish's portfolio are three main assets in the Americas: a gold stream equivalent to a 3-per-cent net smelter return (NSR) royalty on the San Albino gold mine (approximately 3.5 square kilometres) and a 2-per-cent NSR royalty on the rest of the area (approximately 134.5 square kilometres) surrounding San Albino in northern Nicaragua; a 2-per-cent NSR royalty on the Gavilanes silver project located in Durango state, Mexico; and an 11-year gold stream with Mako Mining.

Sailfish is listed on the TSX Venture Exchange under the symbol FISH and on the OTCQB under the symbol SROYF.