Sailfish Royalty Corp. · TSXV:FISH

Sailfish Royalty — Investor Presentation (January 2023)

32 slides from Sailfish Royalty's investor presentation, January 2023

  1. Slide 1: Corporate Presentation

    January 2023 Corporate Presentation TSXV: FISH OTCQX: SROYF 1

  2. Slide 2: Forward-looking Statements

    Forward-looking Statements DISCLAIMER Certain information contained herein, other than information relating to Sailfish Royalty Corp. (“Sailfish” or the “Corporation”), while obtained from sources which we believe are reliable, is not guaranteed as to its accuracy or completeness. The contents of th

  3. Slide 3: Technical and Third-Party Information

    Technical and Third-Party Information TECHNICAL AND THIRD-PARTY INFORMATION This presentation includes market, industry and economic data which was obtained from various publicly available sources and other sources believed by Sailfish to be true. Although Sailfish believes it to be reliable, it has

  4. Slide 4: Company Overview

    Company 01 Overview Section

  5. Slide 5: Sailfish is a precious metals royalty and streaming company

    Sailfish is a Precious metals Portfolio of royalties and a silver precious focus exploration property metals royalty Exposure to gold and silver only • Cash flowing stream on a high-grade gold mine in Nicaragua with NSR on and streaming surrounding land package company with Strong backing • NSR on a

  6. Slide 6: Capital Structure

    Capital Structure Sailfish is backed by a well-funded investor with a successful track record in the resources sector Ownership TSX-V / OTCQX listings FISH / SROYF Price (1) C$1.25 High – Low (52 weeks) (1) C$1.65 – C$0.65 Other, 28.9% Shares outstanding 71.0 million Wexford Capital LP, Options 4.8

  7. Slide 7: Investment Highlights

    Investment Highlights Cash flow growth from the San Albino gold stream, with a silver property in Mexico 01. Increasing cash flow 02. Maximizing value 03. Significant optionality Cash flow is set to increase as deliveries from Updated resource at Gavilanes silver Spring Valley gold project is the Sa

  8. Slide 8: Revenue Growth Expected to Resume in 2023

    Revenue Growth Expected to Resume in 2023 Deliveries from the San Albino gold stream The San Albino gold mine declared commercial production in July 2021 $800,000 $1,950 $700,000 $1,900 $600,000 $1,850 Average Gold Price US$/oz $500,000 Revenue US$ $1,800 $400,000 $1,750 $300,000 $1,700 $200,000 $1,

  9. Slide 9: Return of capital to shareholders

    Return of capital to shareholders In addition to four consecutive NCIBs, Sailfish has an industry-leading dividend yield Of all the publicly traded precious metals royalty companies, only ten pay a dividend and only one yields above 2.0% 6.00% 5.52% 5.00% 4.00% 3.00% 2.00% 1.69% 1.59% 1.43% 1.42% 1.

  10. Slide 10: Corporate Timeline

    2014-16 2017 2018 Corporate Timeline February 27, 2014 June 28, 2017 January 2, 2018 Sailfish has been an Incorporated as a wholly-owned Entered into a definitive agreement with two Commenced trading on the TSX-V under symbol “FISH” subsidiary of a predecessor of Mako individuals that held a 3.5% NS

  11. Slide 11: Management Team

    Management Team Inline with the strategy of Paolo Lostritto, P.Eng CEO and Director Akiba Leisman Co-Founder and Executive Chairman keeping G&A to a Paolo Lostritto has an extensive background in mining capital markets and working with companies across the globe since 1997. Paolo has helped Akiba Le

  12. Slide 12: Royalty Companies Are Gold

    Equal weighted royalty portfolio (FNV, WPM, RGLD, SSL) (1) Gold (COMEX) Gold equities (GDX) 600 500 Royalty 400 Companies 300 Are Gold 200 Investments That Work 100 0 1. These four companies were selected as they were the largest precious metals royalty companies by market capitalization at the ince

  13. Slide 13: Asset Overview

    Asset 02 Overview Section

  14. Slide 14: Total Asset Portfolio

    Total Asset Portfolio Ability to invest globally, with a focus on the Americas A diverse portfolio of precious metals royalties, including a stream, and a silver property Up to 3% NSR and other royalties on the multi-million Spring Valley Nevada, USA ounce Spring Valley gold project Moonlight Nevada

  15. Slide 15: San Albino & Spring Valley

    Restructured San Albino Gold Stream (“New SA Stream”) • A gold stream equivalent to a 3% NSR on the San Albino gold mine and the current AOI (3.5 sq. km) and a 2% NSR on a 134.5 sq. km area surrounding the AOI Main Assets • Commercial production declared July 1, 2021 (1) • San Albino is expected to

  16. Slide 16: San Albino Gold Stream Restructuring

    Location Map San Albino Gold Stream Restructuring The restructuring provided exposure to a highly prospective gold district that was previously excluded MKO Properties • The historical SA Stream AOI was only on 3.5 sq. km or ~2.5% of Mako’s total landholdings in Nicaragua • A key component to the Ne

  17. Slide 17: Gavilanes Silver Property – Updated Resource

    Gavilanes Silver Property – Updated Resource NI 43-101 Mineral Resource Estimate (100 g/t AgEq cut-off): (1) (2) Estimated Underground Inferred Resource Cutoff Average Contained g g % % % Grade g Tonnes Grade g oz. oz. Ag oz. Au lbs Cu lbs Pb lbs Zn Ag/t Au/t Cu Pb Zn AgEq/t (2) AgEq/t (2) AgEq (2)

  18. Slide 18: Asset Profiles

    Asset 03 Profiles Section

  19. Slide 19: Gavilanes

    Location Status Operator San Dimas mining Early stage Sailfish Royalty district, Durango exploration Corp. State, Mexico Property Description Low-sulphidation epithermal deposit located in the San Dimas mining district of Durango, Mexico, ~23 km northeast of the San Dimas mine Gavilanes owned and op

  20. Slide 20: San Albino

    Location Status Operator Nueva Segovia, Commercial Mako Mining Corp. Nicaragua production declared July 1, 2021 (1) Mine Average Royalty Type Annual Stream equivalent Open pit Production to a 3% NSR (2) San Albino Not yet specified Stream equivalent to a 3% NSR on a high-grade gold mine Site Constru

  21. Slide 21: San Albino

    Location Status Operator Nueva Segovia, Exploration drilling Mako Mining Corp. Nicaragua Mine Average Royalty Type Annual 2% NSR (2) Not yet specified, Production San Albino but potential for both open pit and Not yet specified underground 2% NSR on a district-scale land package Exploration Activiti

  22. Slide 22: Spring Valley

    Claim boundaries are approximate and for Location Status Operator illustrative purposes only Pershing Country, Pre-feasibility stage Waterton Global Nevada, USA project Resource Management Mine Average Royalty Type Annual Up to 3% NSR on Production majority of the Spring Valley Open pit Not yet spec

  23. Slide 23: Spring Valley

    Claim boundaries are approximate and for Location Status Operator illustrative purposes only Pershing Country, Pre-feasibility stage Waterton Global Nevada, USA project Resource Management Mine Average Royalty Type Annual 1.5% NSR on the Production north/northeast Spring Valley Open pit Not yet spec

  24. Slide 24: Spring Valley

    Claim boundaries are approximate and for Location Status Operator illustrative purposes only Pershing Country, Pre-feasibility stage Waterton Global Nevada, USA project Resource Management Mine Average Royalty Type Annual 0.5% NSR within a Production one-half mile radius Spring Valley Open pit Not y

  25. Slide 25: El Compas

    Location Status Operator 1 km south of Mining operations Endeavour Silver Zacatecas City, suspended (1) Corp. Zacatecas State, Mexico Mine Average Royalty Type Annual 1.5% NSR, on the Underground / Production majority of the El Compas flotation CIP Mining operations concessions, including those susp

  26. Slide 26: Moonlight

    Location Status Operator Pershing Country, Early stage Waterton Global Nevada, USA exploration Resource Management Claim boundaries are approximate and for Mine Average Royalty illustrative purposes only Type Annual Up to 2% NSR on Not yet specified, Production Moonlight property, Moonlight but pote

  27. Slide 27: La Cigarra

    Location Status Operator Parral Silver District, Early stage Kootenay Silver Inc. Chihuahua State, exploration Mexico Mine Average Royalty Type Annual 1% NSR, on the Parral Not yet specified, Production 2 claim, which La Cigarra but potential for open pit Not yet specified surrounds the main claims

  28. Slide 28: Appendix

    04 Appendix Section

  29. Slide 29: San Albino Mineral Resources

    San Albino Mineral Resources (1) October 19, 2020 NI 43-101 Mineral Resource Summary (1) Cutoff grade Au Au Au Ag Ag Classification Tonnes (g/t) (g/t) (oz) (g/t) (oz) Measured Fully Diluted* 114,700 11.78 43,400 17.5 64,700 Open Pit (1) Indicated Fully Diluted* 196,200 8.25 52,000 15.6 98,500 M&I Fu

  30. Slide 30: Spring Valley Project Map

    Spring Valley Project Map (1) The Spring Valley royalties (red, green and blue claims) cover the entirety of the project 1. Claim boundaries are approximate and for illustrative purposes only. 30

  31. Slide 31: Spring Valley Mineral Resources

    Spring Valley Mineral Resources (1) Historical NI 43-101 Mineral Resource Summary (+0.006 oz./t Au cut-off): (1) (2) Category Tonnage Au (g/t) Au (Oz.) Measured 68,300,000 0.69 1,510,000 Indicated 133,600,000 0.61 2,610,000 M&I 201,900,000 0.63 4,120,000 Inferred 56,300,000 0.55 990,000 1. The sourc

  32. Slide 32: Thank you!

    Thank you! Location: Telephone: Investor Sailfish Royalty Corp. +1 284-494-6401 Relations: Sea Meadow House Deborah Honig Adelaide Capital P.O. Box 116 Email: Road Town, Tortola +1 647-203-8793 info@sailfishroyalty.com British Virgin Islands VG1110 deborah@adcap.ca 32

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