Sailfish Royalty Comments on Draft Environmental Impact Statement filed for Spring Valley

Tortola, British Virgin Islands--(Newsfile Corp. - February 18, 2025) - Sailfish Royalty Corp. (TSXV: FISH) (OTCQX: SROYF) (the "Company" or "Sailfish") is pleased to announce that on February 14, 2025, the Draft Environmental Impact Statement ("DEIS") was filed by the United States Bureau of Land Management ("BLM") to fulfill its obligation under the National Environmental Policy Act to address potential effects from the development of the Spring Valley Mine Project ("Spring Valley") located in Pershing County, Nevada.

Paolo Lostritto, CEO stated, "We are excited to see that the BLM has filed the DEIS. All comments relating to the DEIS must be received by April 4, 2025. This should provide for a Record of Decision regarding the development of Spring Valley by mid to late 2025. It is worth noting that the recent White House Executive Order related to energy and minerals should result in the permitting process to be streamlined further. Our up-to 3% net smelter return royalty ("NSR") on Spring Valley is a material asset that should result in a several fold increase in our cash flow once the mine is in production."

As a reminder to shareholders, a Plan of Operations ("PO") was filed with the BLM by Solidus Resources, LLC ("Operator") on March 7, 2023 and proposes the development of an open pit mine, heap leach facilities and related operations and facilities at Spring Valley.

Plan of Operations:

The PO covers 698 unpatented claims and 895 mill site claims as well as private fee lands, either owned or controlled by the Operator and proposes, among other things, the following activities and facilities:

• Development of the Spring Valley open pit;
• Construction of pit dewatering facilities, including rapid infiltration basins;
• Development of three waste rock storage facilities;
• Development of a heap leach facility;
• Construction of a crushing circuit;
• Construction of carbon processing and refining facilities;
• Development of light duty and haul roads;
• Development of stormwater control structures;
• Development of other facilities including the mine fleet shop, explosives storage, truck shop, refueling area, and mine offices;
• Development of site infrastructure including parking areas, yards, storage areas, and an aggregate plant; and
• Development of site utilities including: power distribution, a used materials pad, freshwater distribution, potable water system, fire water system, sewage system, communications facilities, and fuel storage and distribution facilities.

The PO states that the proposed operation will use conventional open pit mining methods. The PO outlines the excavation of the open pit to occur over 13 years, which includes 18-24 months of pre-stripping during construction. Over the life of mine ("LOM"), approximately 323 million tons of mineralized material is expected to be mined, along with 598 million tons of waste rock and 328 million tons of alluvium. The average mining rate for Spring Valley is expected to be approximately 100 million tons of material per year. The Company's current royalty portfolio on Spring Valley covers 100% of the open pit as outlined in the PO, with the majority of the acres included in the proposed open pit covered by a 3% NSR at prevailing gold prices. See Figure 1 below.