Vancouver, British Columbia--(Newsfile Corp. - October 31, 2023) - Sandbox Royalties Corp. ("Sandbox Royalties", "Sandbox", or the "Company") today announces that it has entered into definitive agreements to acquire three royalty and streaming assets on high-quality, in-construction mining projects for total consideration of US$100 million. These acquisitions will drive significant revenue growth and transform Sandbox's diversified royalty portfolio.

Transaction Details

Acquisitions:

US$75 million Gold Purchase Agreement ("GPA") with Equinox Gold Corp. ("Equinox Gold") in exchange for monthly deliveries of gold equal to the greater of (a) 500 gold ounces, and (b) gold ounces equal to 1.8% of the monthly gold production from the Greenstone mine ("Greenstone") in Ontario, Canada, with consideration payable to Equinox Gold in cash
US$25 million Asset Purchase Agreement ("APA") with Sandstorm Gold Ltd. ("Sandstorm") to acquire a 1.0% gross revenue royalty ("GRR") on the El Pilar project ("El Pilar") in Mexico, owned by Southern Copper Corp., and a 0.21% net smelter return ("NSR") royalty on a portion of Artemis Gold's Blackwater project ("Blackwater") in British Columbia, Canada, with consideration comprised of US$10 million in cash and US$15 million in Sandbox common shares at C$0.70/common share1

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