Tortola, British Virgin Islands, March 14, 2023 – Sailfish Royalty Corp. (TSX-V: FISH, OTCQX: SROYF) (the "Company" or "Sailfish") is pleased to announce that its Board of Directors has declared the Company’s first quarterly cash dividend for 2023 in the amount of US$0.0125 per common share that will
be payable on April 17, 2023 to Sailfish shareholders of record as of the close of business on March 31, 2023.
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.

Grant of Stock Options
The Company also announces the grant of a total of 700,000 incentive stock options (the “Options”) to certain directors, officers and consultants of the Company pursuant to the Company’s stock option plan
(the “Stock Option Plan”). Subject to the policies of the TSX Venture Exchange and the terms and conditions of the Stock Option Plan, the Options will have an exercise price equal C$1.14 and shall expire on March 13, 2028 and shall vest over two years.

About Sailfish
Sailfish is a precious metals royalty and streaming company. Within Sailfish’s portfolio are three main assets
in the Americas: a gold stream equivalent to a 3% NSR on the San Albino gold mine (~3.5 sq. km) and a
2% NSR on the rest of the area (~134.5 sq. km) surrounding San Albino in northern Nicaragua; an up to
3% NSR on the multi-million ounce Spring Valley gold project in Pershing County, Nevada; and a 100%
interest in the Gavilanes Silver Project located in Durango State, Mexico.
Sailfish is listed on the TSX Venture Exchange under the symbol "FISH" and on the OTCQX under the
symbol “SROYF". Please visit the Company's website at www.sailfishroyalty.com for additional information.
For further information: Paolo Lostritto, CEO, tel. 416-602-2645 or Akiba Leisman, Executive Chairman
of the Board, tel. 203-862-7059.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as the term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.