GEORGE TOWN, CAYMAN ISLANDS – May 4, 2021 – Vox Royalty Corp. (TSXV: VOX) (“Vox” or the “Company”) is
pleased to announce that the Company has realized record preliminary revenue of C$668,600 (US$540,000)
(1) for the three-month period ended March 31, 2021. All preliminary revenues were derived from royalties, not streams, as such, the cash operating
margin(1) was 100% for the quarter. During the quarter, the Company recognized inaugural royalty revenue from the Koolyanobbing
royalty, which is an uncapped 2% Free on Board sales value royalty from iron ore mined from the recently commissioned Altair
Pit and a portion of the Deception Pit.
Quarterly revenue benefitted from increased royalty-linked production by Mineral Resources Limited (ASX: MIN) and record iron
ore prices at Koolyanobbing, increased production by Karora Resources Inc. (TSX: KRR) from the Hidden Secret deposit at
Higginsville covered by the Dry Creek royalty and rebounding quarterly diamond prices associated with the Brauna royalty.
Kyle Floyd, Chief Executive Officer stated: “Record quarterly revenue for Q1 represents the start of Vox’s anticipated revenue
growth through 2023 as numerous royalty assets are expected to commence production. The Company’s preliminary quarterly
revenue is in line with previously announced 2021 full-year revenue guidance of C$1.7M to C$2.5M. Vox’s organic revenue growth
is a product of the Company’s stated strategy of acquiring high quality, attractively priced royalties many of which are near term
production opportunities. Vox held one producing royalty in May 2020 and anticipates finishing 2021 with seven producing assets
based on its current portfolio of 50 royalties.”
pleased to announce that the Company has realized record preliminary revenue of C$668,600 (US$540,000)
(1) for the three-month period ended March 31, 2021. All preliminary revenues were derived from royalties, not streams, as such, the cash operating
margin(1) was 100% for the quarter. During the quarter, the Company recognized inaugural royalty revenue from the Koolyanobbing
royalty, which is an uncapped 2% Free on Board sales value royalty from iron ore mined from the recently commissioned Altair
Pit and a portion of the Deception Pit.
Quarterly revenue benefitted from increased royalty-linked production by Mineral Resources Limited (ASX: MIN) and record iron
ore prices at Koolyanobbing, increased production by Karora Resources Inc. (TSX: KRR) from the Hidden Secret deposit at
Higginsville covered by the Dry Creek royalty and rebounding quarterly diamond prices associated with the Brauna royalty.
Kyle Floyd, Chief Executive Officer stated: “Record quarterly revenue for Q1 represents the start of Vox’s anticipated revenue
growth through 2023 as numerous royalty assets are expected to commence production. The Company’s preliminary quarterly
revenue is in line with previously announced 2021 full-year revenue guidance of C$1.7M to C$2.5M. Vox’s organic revenue growth
is a product of the Company’s stated strategy of acquiring high quality, attractively priced royalties many of which are near term
production opportunities. Vox held one producing royalty in May 2020 and anticipates finishing 2021 with seven producing assets
based on its current portfolio of 50 royalties.”
