Tortola, British Virgin Islands - Sailfish Royalty Corp. (TSX-V: FISH, OTCQX: SROYF) (the 'Company' or 'Sailfish') is pleased to announce that it has entered into a binding letter of intent (the 'LOI') with 1287398 B.C. Ltd. ('Pubco' or 'Swordfish Silver') to complete a transaction with Pubco (the 'Proposed Transaction') with the goal of creating a silver focused exploration and development company. The Proposed Transaction is expected to result in the transfer of the Company's wholly owned Gavilanes silver property located in Durango, Mexico (the 'Gavilanes Silver Project') to Pubco in exchange for shares of Pubco (the 'Gavilanes Acquisition'). Pubco has also signed a binding letter of intent with certain funds managed by Wexford Capital LP to acquire the Commonwealth silver and gold property in Cochise County, Arizona (the 'Commonwealth Silver-Gold Project'). Closing of the Gavilanes Acquisition is subject to, among other things, Pubco acquiring the Commonwealth Silver-Gold Project in exchange for shares of Pubco, a concurrent private placement financing for proceeds of US$5,000,000 (the 'Private Placement'), and receipt of conditional acceptance from the TSX Venture Exchange (the 'TSXV') to have Pubco's common shares listed on the TSXV.

Swordfish Silver Highlights: Swordfish Silver is expected to have combined resources of over 15 million ounces ('oz') of silverequivalent ('AgEq') in the Measured and Indicated category and over 33 million oz AgEq in the Inferred category.1 * Swordfish Silver is expected to be attractively valued with an enterprise value per silver-equivalent ounce ('EV/oz AgEq') below other publicly traded silver focused exploration and development companies that currently trade at US$0.96 EV/oz AgEq.2 * The Commonwealth Silver-Gold Project has significant near-term exploration potential and the project is largely located on patented claims. The majority of the use of proceeds from the concurrent Private Placement are earmarked for drilling at the Commonwealth Silver-Gold Project, with the goal of expanding the mineral resources over the next 18 months. Preliminary exploration activities have commenced at the Gavilanes Silver Project in anticipation of an eventual drill exploration program once permits are granted

About Sailfish

Sailfish is a precious metals royalty and streaming company. Within Sailfish's portfolio are two main assets in the Americas: a gold stream equivalent to a 3% NSR on the San Albino gold mine (~3.5 sq. km) and a 2% NSR on the rest of the area (~134.5 sq. km) surrounding San Albino in northern Nicaragua; and an up to 3% NSR on the multi-million ounce Spring Valley gold project in Pershing County, Nevada.

Contact:

Cesar Gonzalez

CEO

Tel: 203-862-7009

Akiba Leisman

Executive Chairman of the Board

Tel: 203-862-7059

Cautionary Notes Regarding the Proposed Transaction:

Completion of the Proposed Transaction is subject to a number of conditions including, but not limited to, entering into a definitive agreement, Pubco's acquisition of the Commonwealth Silver-Gold Project , completion of the Private Placement, closing conditions customary to transactions of the nature of the Proposed Transaction, approvals of all regulatory bodies having jurisdiction in connection with the Proposed Transaction, TSXV acceptance of the disposition of the Gavilanes Silver Project by Sailfish and of listing of Pubco, court approval of the plan of arrangement and, if applicable, shareholder approval.

Investors are cautioned that, except as disclosed in listing statement to be prepared in connection with the proposed listing of Pubco, any information released or received with respect to the proposed transaction may not be accurate or complete and should not be relied upon. The Exchange has in no way passed upon the merits of the Proposed Transaction and has neither approved nor disapproved the contents of this press release.

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