Sailfish Enters into Amended Agreements with Mako Mining for Enhanced Gold Stream on Mt. Hamilton Project

Core Viewpoint - Sailfish Royalty Corp. has restructured its agreements with Mako Mining Corp. to enhance payment certainty and timing related to the Mt. Hamilton Gold-Silver Project in Nevada, USA, through an amended gold stream agreement [1][7]. Summary by Sections Amended Agreements - The amended purchase and sale agreement allows Sailfish to receive an amended gold stream in exchange for the transfer of legal title to the MH LLC interests, replacing a previously announced five-year gold stream and a subsequent 2% NSR royalty [2]. - The Amended Stream Agreement provides Sailfish with a gold stream for a total term of 132 months, with Mako able to fulfill its delivery obligations through refined gold from any source, excluding the Property [3]. Financial Details - The deemed purchase price of the Amended Stream is set at US$40 million, which includes US$33 million for the initial 60-month term and US$7 million for the final 72-month term [3]. - During the initial 60 months, Sailfish will purchase 341.7 troy ounces of gold monthly at a price equal to 20% of the London Bullion Market Association PM Fix price, with a minimum of US$2,700 and a maximum of US$3,700 per ounce [15]. - For the final 72 months, Sailfish will purchase 100 troy ounces of gold monthly at a price equal to 20% of the London Bullion Market Association PM Fix price without any ceiling or floor limitations [15]. Related Party Transaction - The transaction is classified as a "related party transaction" due to common control between Mako and Sailfish, requiring disinterested shareholder approval under Multilateral Instrument 61-101 [8]. Shareholder Meeting and Voting - A supplement to the management information circular has been filed, providing additional details on the transaction, and the annual general and special meeting of shareholders has been postponed to March 3, 2026, to allow time for consideration [9][10]. - The deadline for shareholders to submit proxies has been extended to 10:00 AM on February 27, 2026 [11]. Board Recommendation - The special committee of the Company has unanimously recommended the approval of the Amended Disposition Agreement and Amended Stream Agreement, determining that they are in the best interests of the Company and fair to shareholders [12]. Company Overview - Sailfish is a precious metals royalty and streaming company with key assets in the Americas, including a gold stream equivalent to a 3% NSR on the San Albino gold mine in Nicaragua and a 2% NSR on the Spring Valley gold mine project in Nevada [13].