Sailfish Royalty Corp. · TSXV:FISH
Sailfish Royalty — Investor Presentation (October 2026)
25 slides from Sailfish Royalty's investor presentation, October 2026
Slide 1: Corporate Presentation
October 2026 Corporate Presentation TSXV: FISH OTCQB: TSXV: FISH SROYF 1 OTCQB: SROYF
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
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
Slide 4: Sailfish is a Precious Metals Royalty & Streaming Company
Sailfish is a Precious precious metals Metals Royalty & Assets are focused in the Americas Streaming royalty and Company streaming Company Backed by Wexford Capital LP (“Wexford”), a well-funded Sailfish has cash Strong Strong Balance and Marketable investor that was part of the Securities of over B
Slide 5: Solid Gold Equivalent Ounce Profile
Solid Gold Equivalent Ounce Profile GOLD EQUIVALENT OUNCE CHART 6,150 6,750 4,875 6,750 543 543 543 438 3,007 3,280 3,280 3,280 3,280 993 751 992 992 992 800 - 2025A** 2026E 2027E 2028E 2029E 2030E 20-Yr Gold Stream* 4,875 6,150 6,750 6,750 Silver Option 993 543 543 543 438 - 11-Yr Gold Stream 0 3,0
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 / OTCQB listings FISH / SROYF Price (1) C$7.71 High – Low (52 weeks) (1) C$7.89– C$2.50 Other, 27.0% Shares outstanding 78.9 million Options 2.44 million (avg C$1.40
Slide 7: Cash flow from New 11 Year Gold Stream & San Albino
Investment Highlights Cash flow from New 11 Year Gold Stream & San Albino Solid Cash Flow Solid Balance Sheet Returning Value to Shareholders Following the sale of Spring Valley and Moonlight, Cash flow from Two New Gold Streams and Las Share repurchases Conchitas Sailfish Royalty now has cash and m
Slide 8: Timeline & Catalysts
Timeline & Catalysts • Sold Spring Valley Royalty for US$168M after tax cash • Closed the Mt. Hamilton Transaction for an Eleven-Year Gold Stream 2026 • Tripled the Dividend to US$0.15 per share • Announce a 20-Year Gold Stream with Plans for Special Dividend & Gold Price Linked Dividend Policy goin
Slide 9: Comparable Valuations (P/NAV)
Comparable Valuations (P/NAV) Source: S&P Capital IQ and analyst reports 2.15x 2.11x 1.56x 1.50x 1.43x 1.34x 1.24x 1.26x 1.09x 0.98x 0.72x Franco-Nevada Wheaton Precious Royal Gold, Inc. Triple Flag Precious Versamet Royalties OR Royalties Inc. Elemental Royalty Metalla Royalty & Gold Royalty Corp.
Slide 10: Comparable Valuations (EV/EBITDA 2027)
Comparable Valuations (EV/EBITDA 2027) Source: S&P Capital IQ and analyst reports 42.1x 21.9x 19.8x 18.6x 16.4x 13.8x 13.7x 12.0x 11.3x 11.1x 8.2x Franco-Nevada Wheaton Precious Royal Gold, Inc. Triple Flag Precious Versamet Royalties OR Royalties Inc. Elemental Royalty Metalla Royalty & Gold Royalt
Slide 11: Sailfish has an industry-leading dividend yield
Return of capital to shareholders Sailfish has an industry -leading dividend yield and Expected to Change with Gold Starting in 2027 Dividend Yield % 2.88% 1.05% 0.68% 0.66% 0.69% 0.56% 0.51% Sailfish VOX Royal Gold Triple Flag Fraco Nevada Wheaton Osisko TSXV: FISH 11 OTCQB: SROYF Source: S&P Capit
Slide 12: 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
Slide 13: Total Asset Portfolio
Total Asset Portfolio Ability to invest globally, with a focus on the Americas A diverse portfolio of precious metals royalties and streams 20-Yr Corporate Gold Stream 20-year corporate gold stream starting 2027 (4) 11-Yr Corporate Gold Stream 11-year corporate gold stream started in 2026 (3) Gavila
Slide 14: Gold Linked Dividend Policy
Gold Linked Dividend Policy Upon closing of the Transaction, the quarterly dividend is expected increase based on the following average gold prices for any given year: • US$4,000/oz equates to ~US$0.22 per share per annum • US$4,500/oz equates to ~US$0.25 per share per annum • US$5,000/oz equates to
Slide 15: Proposed 20 Year Corporate Gold Stream
Proposed 20 Year Corporate Gold Stream • Sailfish will receive a stream of: • 650 oz Au per month until August 1, 2028 • 750 oz Au per month until February 1, 2031 • 900 oz Au per month until February 1, 2037 • 1,000 oz Au per month until 240 month are complete • at 25% of the LBMA PM Fix *Source: S
Slide 16: Eleven-Year Corporate Gold Stream
Eleven-Year Corporate Gold Stream 5-Years at 4,100 oz per year* • Sailfish will receive a stream of 341.7 oz Au per month for 60 months at starting in 2026 followed by 20% of the LBMA PM Fix; and 6-Years at 1,200 oz per year • A put/call structure in place adjusting the monthly stream amount, if nec
Slide 17: San Albino Gold Stream
Location Map San Albino Gold Stream Exposure to a highly prospective gold district • San Albino Gold Stream covers 3.5 sq. km • In addition, there is a 2% NSR on a 134.5 sq. km area surrounding region of the Gold Stream MKO Properties • There are numerous exploration targets on Mako’s Nicaraguan lan
Slide 18: San Albino
Location Status Operator Nueva Segovia, Open Pit Nearly Mako Mining Corp. Nicaragua complete. Assessing potential Underground Mine Average Royalty Type Annual Stream equivalent Open pit with Production to a 3% NSR (2) San Albino potential Underground was ~35,000 oz AuEq Stream equivalent to a 3% NSR
Slide 19: Las Conchitas
Location Status Operator Nueva Segovia, Operation Mako Mining Corp. Nicaragua Mine Average Royalty Type Annual 2% NSR (1) Open pit with Production Las Conchitas potential underground ~40,000 oz AuEq per annum 2% NSR on a district-scale land package Now Operating at Steady State Term Upfront Ongoing
Slide 20: El Compas
Location Status Operator 1 km south of Mining operations Grupo ROSGO, S.A. Zacatecas City, suspended (1) de C.V. 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 s
Slide 21: La Cigarra
Location Status Operator Parral Silver District, Resource released Kootenay Silver Inc. Chihuahua State, early 2024 (M&I Mexico 60.56 Moz AgEq1 + Inf 12.85 Moz AgEq1) Mine Average Royalty Type Annual 1% NSR, on the Parral Not yet specified, Production 2 claim, which La Cigarra but potential for open
Slide 22: Gavilanes
Location Status Operator San Dimas mining Early stage Sailfish De Mexico district, Durango exploration 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 operat
Slide 23: Appendix
Appendix
Slide 24: San Albino + Las Conchitas Mineral Resources
San Albino + Las Conchitas Mineral Resources (1) October 31, 2023 NI 43-101 Mineral Resource Summary (1) The San Albino Project open pit and underground mineral resource includes a Measured and Indicated mineral resource of 670,100 tonnes at a diluted grade of 11.61 grams per tonne (g/t) Au for 250,
Slide 25: 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 TSXV: FISH 25 OTCQB: SROYF
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