Sailfish Royalty Corp. announced the appointment of Paolo Lostritto as Director of the Company. Mr. Lostritto joined Sailfish in March 2021 as Vice President of Corporate Development.

Prior to this, Mr. Lostritto also helped grow the Company as a banker, including assisting with the Company's purchase of the royalty held on the Tocantinzinho gold project located in northern Brazil in 2017. Mr. Lostritto has been selected to replace Cesar Gonzalez, who has stepped down from his role as Chief Executive Officer and Director of the Company to focus on his role as Executive Chairman of Bonterra Resources Inc. Mr. Gonzalez will continue to assist and provide strategic advice to the Company as a consultant. Mr. Gonzalez co-founded Sailfish in 2014 with Akiba Leisman, Executive Chairman of the Company.

Mr. Gonzalez became the CEO in October 2020 and has played an integral role in growing the Company from a private subsidiary of a predecessor of Mako Mining Corp., into a publicly traded precious metals royalty company with cash flow and paying a dividend. The Company thanks Mr. Gonzalez for his service as CEO and Director and is pleased that he will continue to provide strategic advice to the Company as a consultant. Mr. Lostritto has an extensive background in mining capital markets and working with companies across the globe since 1997.

Paolo has helped assess different companies/projects and helped finance them as they advanced through exploration, development, and production. Some of the companies where Paolo was involved early include: Kirkland Lake Gold, Novagold and Lake Shore Gold in 2004; Romarco Minerals in 2006; Victoria Gold and Volta Resources in 2009. Mr. Lostritto is currently serving as the Chairman of Signature Resources Ltd., which is focused on high grade gold exploration in Ontario.

Over his career, Mr. Lostritto was a Director of the Mining Equity Research at National Bank Financial and worked in equity research at Wellington West, Scotia Capital and TD Securities. He served as an Independent Director at Savary Gold Corp. which was sold to SEMAFO in 2019.

Mr. Lostritto holds a Bachelor of Applied Science in Geological and Mineral Engineering in Rock Mechanics from the University of Toronto and he is a registered Professional Engineer in the Province of Ontario.