Sailfish Royalty Corp. has closed the previously announced acquisition of the outstanding membership interests of Mt. Hamilton LLC, owner of the permitted Mt. Hamilton gold-silver project in White Pine County, Nevada, and has entered into a definitive agreement with Mako Mining Corp. and its affiliate Mako US Corp. for a five-year gold stream and subsequent 2 percent NSR royalty over the project.

To facilitate the Mako transaction, Sailfish completed the US$40 million purchase of the Mt. Hamilton LLC interests from a third party under a September 27, 2025 purchase agreement. Under the stream, Sailfish will receive monthly deliveries totaling approximately 341.7 ounces of gold for 60 months at 20 percent of the LBMA PM Fix, subject to a floor of US$2,700/oz and a cap of US$3,700/oz, followed by a 2 percent NSR for the life of mine. As previously disclosed, Sailfish agreed to a commitment fee in connection with its Wexford loan and has elected to satisfy the entire US$800,000 fee through issuing 368,249 common shares at $3.03 per share.