Vancouver, British Columbia, March 28, 2023 (NYSE American: EMX; TSX Venture: EMX; Frankfurt: 6E9)
– EMXRoyalty Corporation (the “Company” or “EMX”) is pleased to announce the filing of its 2022 annual
report Form 40-F, which includes the audited financial statements for the year ended December 31, 2022,
with the U.S. Securities and Exchange Commission (“SEC”) on EDGAR (www.sec.gov). EMX has also filed
its Annual Information Form (AIF), audited Financial Statements (FS), and Management’s Discussion and
Analysis (MD&A) for 2022 with Canadian securities regulators on SEDAR (www.sedar.com). The
Company’s Form 40-F, AIF, audited FS, and MD&A are also available on EMX’s website at
www.EMXroyalty.com under the heading “Investors”. Shareholders may receive a printed copy of the
Company’s complete Financial Statements, or its complete Annual Information Form, free of charge, upon
request to the Corporate Secretary at Suite 501 - 543 Granville Street, Vancouver, British Columbia V6C
1X8, Canada. All dollar amounts in this news release are USD unless otherwise noted.
HIGHLIGHTS
Financial Updates for the Year Ended December 31, 2022
• Revenue and other income for the year ended December 31, 2022 was $18,277,000 (2021 –
$7,526,000). Adjusted revenue and other income1 of $25,403,000 (2021 - $11,044,000) included
$7,126,000 (2021 - $3,518,000) in income for the Company’s share of royalty revenue from the
Caserones Mine (effective) royalty interest in Chile.
• Net income for the year ended December 31, 2022 was $3,349,000 (2021 – loss of $23,731,000).
• Operating cash flow for the year ended December 31, 2022 was $16,729,000 (2021 - cash used of
$8,062,000). Adjusted operating cash flow1
from operations for the year ended December 31, 2022
was $21,953,000 (2021 – cash used of $6,356,000).
• As at December 31, 2022, EMX had cash and cash equivalents of $15,508,000 (December 31, 2021
- $19,861,000), investments, long-term investments and loans receivable valued at $14,561,000
(December 31, 2021 - $18,170,000) and loans payable of $40,489,000 (December 31, 2021 -
$50,733,000).
Corporate Updates
Timok Dispute Update
On January 27, 2022 the Company announced that it had suspended the filing of a Notice of Arbitration to
Zijin Mining Group Ltd (“Zijin”) regarding its royalty agreement covering the Timok project in Serbia, which
1 Adjusted revenue and other income and adjusted cash provided by (used in) operating activities are non-IFRS
financial measures with no standardized meaning under IFRS and might not be comparable to similar financial
measures disclosed by other issuers. Refer to the "Non-IFRS financial measures" section of the Company’s annual
MD&A for the year ended December 31, 2022 for more information on each non-IFRS financial measure.

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