Vox Royalty Just Doubled 2021 Guidance

27 ביולי 2021

For those of you who haven't been following along, this is what was said in May at the end of Q1 2021.

GEORGE TOWN, CAYMAN ISLANDS – May 25, 2021 – Vox Royalty Corp. (TSXV: VOX) (“Vox” or the “Company”) is
pleased to announce its operating and financial results for the first quarter ended March 31, 2021. All amounts are in U.S. dollars
unless otherwise indicated.
Kyle Floyd, Chief Executive Officer stated: “The first quarter of 2021 marked another milestone for Vox as it reported record
revenues. The Company is well on track to achieve its previously announced 2021 royalty revenue guidance of C1.7M to C2.5M.
The embedded organic growth in our portfolio of 50 royalty assets continues to build. Every month our shareholders are benefiting
from exploration successes, fast-tracking of development and production increases on our royalty properties. The coming quarters
have strong potential to be the most productive in Vox’s seven year history.”

This is where they are end of Q2 2021

VOX ANNOUNCES RECORD REVENUE IN Q2 2021 AND INCREASES 2021 REVENUE GUIDANCE BY +100%
TORONTO, CANADA – July 27, 2021 – Vox Royalty Corp. (TSXV: VOX) (“Vox” or the “Company”), a high growth precious
metals focused royalty company, is pleased to announce that it has realized record preliminary quarterly royalty revenue of
C$1,628,600 (US$1,314,000)

for the three-month period ended June 30, 2021. During the quarter, the Company recognized inaugural royalty revenue from its Janet Ivy gold royalty, acquired on March 29, 2021, which is an uncapped A$0.50 per tonne royalty.
Quarterly revenue benefitted from increased royalty-linked production by Mineral Resources Limited (ASX: MIN) at Koolyanobbing, increased production by Karora Resources Inc. (TSX: KRR) from the Hidden Secret deposit at Higginsville covered by the Dry Creek royalty, inaugural royalty revenues earned from the Janet Ivy royalty, and increased production by the operator of the Brauna royalty.
Vox has successfully grown quarterly revenue figures exponentially since Q3 2020, which is summarized in the below chart:

Three months ended June 30, 2021
Royalty revenue (C$) == $1,628,600
Royalty revenue (US$) == $1,314,000
Royalty revenue % growth == 143%
# of producing assets == 4


Kyle Floyd, Chief Executive Officer stated: “This is the continuation of an exciting period in Vox’s growth as revenue and
profitability metrics start to reflect the true earnings power of the Vox royalty portfolio. We have consistently updated the market
with operator updates concerning our royalty assets and noted that our portfolio continues to grow ahead of expectations. The
coming quarters and years should continue to reflect a robust increase in revenues from both in production assets and development
stage projects we expect to come online.”

27 ביולי 2021

הערה

2021 Revised Outlook
On April 13, 2021, the Company announced that it expected 2021 annual royalty revenues to total C$1,700,000 – C$2,500,000.
The Company is pleased to announce that it now expects 2021 royalty revenues to double to C$4,000,000 – C$5,000,000.
The Company’s two-fold increase in 2021 revenue guidance is based on public forecasts and other disclosure by the third-party
owners and operators of its assets or management’s assessment thereof. The increase in guidance since the Company’s last issued
guidance is mainly attributable to: (i) higher royalty-linked production volumes at the Koolyanobbing iron ore operations across
the Deception open pit and recently commissioned Altair open pit, (ii) first production from the Segilola gold mine anticipated in
July 2021, and (iii) continued quarter-on-quarter record royalty-linked production from the Hidden Secret deposit at Higginsville
covered by the Dry Creek royalty.
The revised 2021 outlook does not include the potential sale proceeds from two graphite royalties in the process of being sold, as
announced on July 5, 2021.