Sailfish Royalty Declares Q2 2025 Dividend

Tortola, British Virgin Islands--(Newsfile Corp. - May 13, 2025) - Sailfish Royalty Corp. (TSXV: FISH) (OTCQX: SROYF) (the "Company" or "Sailfish") is pleased to announce that its Board of Directors has declared the Company's second quarterly cash dividend for 2025 in the amount of US$0.0125 per common share that will be payable on July 15, 2025 to Sailfish shareholders of record as of the close of business on June 30, 2025.

The declaration, timing, amount, and payment of future dividends will be subject to the discretion and approval of the Board of Directors. The Company will review the dividend policy on an ongoing basis and may amend it at any time depending on the Company's then current financial position, capital allocation framework, profitability, cash flow, legal requirements and other factors considered relevant. As such, no assurances can be made that any future dividends will be declared and/or paid. Dividend payments may be subject to withholding taxes.

The Company also announces that, in accordance with the terms of the convertible debentures dated May 24, 2023 (the "Debentures"), the Company has exercised its option to convert the outstanding Debentures into common shares in the capital of the Company ("Shares") by issuing 4,134,013 Shares to holders of the Debentures. The Company also has elected to settle an aggregate of US$185,639 in outstanding interest accrued up to May 8, 2025 through the issuance of an aggregate of 124,322 Shares (collectively, the "Interest Shares") at a deemed price of CDN$2.06 per Interest Share to the holders of Debentures.

Each Debenture accrues interest at a rate of 10% per annum payable semi-annually in arrears. Under the terms of the Debentures, subject to TSX Venture Exchange ("TSXV") acceptance, accrued interest is payable at the election of the Company in Shares at a price per Share equal to the greater of: (A) the twenty day average closing price of the Shares on the TSXV immediately before the date the Interest Shares are issued in satisfaction of accrued interest; and (B) the closing price of the Shares on the TSXV on the date immediately before the date the Interest Shares are issued in satisfaction of accrued interest.