All amounts are in U.S. dollars unless otherwise indicated.
June 29, 2021, Vancouver, British Columbia – Maverix Metals Inc. (the “Company” or “Maverix”) (NYSE American &
TSX: MMX) is pleased to announce the acquisition of a portfolio of precious metals royalties from Pan American Silver
Corp. (“Pan American Silver”).
Maverix has acquired a portfolio of six royalties from Pan American Silver in exchange for 491,071 common shares of
Maverix and a cash payment of $7,000,000.
Ryan McIntyre, President of Maverix, commented, “We are happy to have completed the purchase of this gold-focused royalty
portfolio from Pan American Silver, our most tenured strategic shareholder. This acquisition adds future option value to our
overall asset portfolio which now boasts 121 royalty and stream assets, 13 of which are currently paying and a number of
which are on advanced stage projects.”
Royalty Portfolio
Asset Owner Location Stage Royalty
Fenn-Gib(1) Mayfair Gold Ontario, Canada Exploration 1% – 2.5% NSR
Recuperada Silver X Mining Huancavelica, Peru Operating 3% NSR
Juby Aris Gold Ontario, Canada Exploration 1% NSR
Hog Heaven High Power Exploration /
Brixton Metals Montana, USA Exploration 1.5% NSR
Hernandez First Majestic Silver Sonora, Mexico Exploration 2.5% NSR
Blakelock LaSalle Exploration Ontario, Canada Exploration 2% NSR
Key Assets
Fenn-Gib Royalty
A 1.0% - 2.5% net smelter return (“NSR”) royalty on a portion of the Fenn-Gib gold project, operated by Mayfair Gold Corp.
(“Mayfair Gold”) and located in the Timmins gold camp in Ontario which hosts an indicated resource estimate of 70.2 million
tonnes at 0.92 grams per tonne (“g/t”) gold containing 2.1 million ounces of gold and an inferred resource of 3.8 million
tonnes at 0.62 g/t gold containing 0.1 million ounces of gold. The Fenn-Gib project comprises approximately 4,800 hectares,
of which more than 75% is unexplored. The project is part of the extensive and prolific Abitibi Gold Belt. Mayfair Gold, the
owner of the project, is currently undertaking a 50,000 metre infill and expansion drill program on the project.(2)
For more information on Fenn-Gib please visit www.mayfairgold.ca.
Recuperada Royalty
A 3.0% NSR royalty on a portion of the Recuperada property located in Huancavelica, Peru. The property is a past producer
and currently has an inferred resource of 7.3 million tonnes at 131 g/t silver, 3.17% lead and 2.04% zinc containing 30.7
million ounces of silver, 513 million pounds of lead, and 377 million pounds of zinc. Silver X Mining Corp. (“Silver X”) and
Mines and Metals Trading (Peru) PLC recently completed a business combination to create Latin America’s next low-cost
silver producer. Silver X is well-financed to fund the maiden 30,000 metre drill campaign that is currently underway at the
Recuperada project, with more than C$14 million raised in a concurrent financing. The goal of the drill program is to optimize
operations and collect the data required to expand the current inferred resource at Recuperada.(3)

For more information on Recuperada please visit www.silverx-mining.com.

Juby Royalty
A 1.0% NSR royalty on the advanced exploration-stage Juby project operated by Aris Gold Corporation (“Aris Gold”) and
located in Ontario, Canada, 100 kilometres south-southeast of the Timmins gold camp within the Shining Tree area in the
southern part of the Abitibi greenstone belt. The Juby project has excellent access to infrastructure including a major highway,
a power transmission line that passes through the property and an abundance of water in the region. A 2020 mineral resource
estimate shows an indicated mineral resource of 21.3 million tonnes at 1.17 g/t gold containing 0.8 million ounces of gold
and an inferred mineral resource of 47.1 million tonnes at 1.01 g/t gold containing 1.5 million ounces of gold. Aris Gold has
recently commenced an initial 10,000 metre drill program at the Juby project with drilling expected to begin in the third
quarter of 2021. Aris Gold has the right to buy back 0.5% of the royalty for a cash payment of $5,000,000.(4)
For more information on Juby please visit www.arisgold.com.
(1) Maverix is acquiring three separate royalties related to this project. There are two separate non-overlapping 1% NSR royalties that, together, cover the
entire project. The third royalty is an additional 1.5% NSR that partially overlaps the project. Therefore, in aggregate, Maverix’s royalty coverage will range
between 1-2.5% in relation to the Fenn-Gib project.
(2) Mineral resources effective February 5, 2021. For more information on Fenn-Gib, please refer to the Fenn-Gib description page on the Mayfair Gold
website, the news release dated April 8, 2021 and the Technical Report entitled “NI 43-101 Technical Report Fenn-Gib Project, Ontario, Canada” dated
February 5, 2021 available at www.mayfairgold.ca, or under Mayfair Gold’s profile at www.sedar.com.
(3) Mineral resource effective July 2019. For more information on Recuperada, please refer to Silver X Mining’s (previously Oro X Mining Corp.) news
releases dated June 23, 2021, April 16, 2021 and February 11, 2021, and the Technical Report entitled “Amended & Restated NI 43-101 Technical Report
for the Recuperada Project, Peru” dated October 15, 2020 filed under Silver X Mining’s profile at www.sedar.com.
(4) Mineral resources effective July 14, 2020. For more information on Juby please refer to the Juby description page on the Aris Gold website, the news
release dated May 4, 2021 and the Technical Report entitled “Technical Report on the Updated Mineral Resource Estimate for the Juby Gold Project, Tyrell
Township, Shining Tree Area, Ontario” dated July 14, 2020.
Qualified Person
Brendan Pidcock, P.Eng., is Vice President Technical Services for Maverix, and a qualified person under National Instrument
43-101 – Standards of Disclosure for Mineral Projects, has reviewed and approved the scientific and technical disclosure
contained in this news release.
About Maverix
Maverix is a gold-focused royalty and streaming company with a globally diversified portfolio of over 100 assets. Maverix’s
mission is to increase per share value by acquiring precious metals royalties and streams. Its shares trade on both the NYSE
American and the TSX under the symbol “MMX”.

For further information, please contact:
Maverix Metals Inc.
Valerie Burns, Manager of Investor Relations