Star Metro - Vox Royalty Reports Q3 2026 Results and Declares Quarterly Dividend

Kyle Floyd, Chief Executive Officer, stated: "We delivered another strong quarter, with multiple record year to date results, complimented by notable royalty acquisitions, continued organic growth and improved visibility on assets expected to come into production. During the quarter, we acquired three Australian gold and copper royalties, including the producing White Dam gold royalty, and entered into a binding agreement to acquire the construction-stage Sorby Hills silver-lead royalty. Organic growth across the portfolio continued, underscored by record quarterly royalty revenue from Kanmantoo, Equinox Gold's board approval to restart heap leach operations at Los Filos, and an accelerated processing restart target at the Sugar Zone gold mine in Canada. With $27 million in cash at quarter end, no debt, and our credit facility recently upsized to $100 million, plus a $50 million accordion, Vox is well capitalized to execute on a robust pipeline of accretive acquisition opportunities, with a continued focus on long term shareholder value."

Third Quarter 2026 Highlights

• Net income of $2.2 million or $0.03/share (3Q 2025: $0.2 million or $0.00/share).
• Strong cash position at quarter end of $27.2 million and fully undrawn credit facility, which, on October 1, 2026, was upsized to $100 million, with an additional $50 million accordion feature.
• Record total assets at quarter end of $164.3 million compared to $123.4 million at the end of December 2025.
• Royalty and net precious metal receipts¹ of $5.9 million (3Q 2025: $3.8 million).
  • $4.1 million in net precious metal income (3Q 2025: $0.1 million). The Company realized average net precious metal income margins of $95.71/oz¹ on 42,941 ounces delivered for the period (3Q 2025: realized average net precious metal income margins of $48.52/oz¹ on 2,955 ounces delivered).
  • $1.8 million from royalty revenue (3Q 2025: $3.7 million).
• Gross profit generated of $3.7 million (3Q 2025: $2.4 million).
• Operating cash flows of $3.2 million (3Q 2025: $1.8 million).
• Acquired the White Dam, Kalman and Sylvania gold and copper royalties in Australia during the period for total cash consideration paid of $6.0 million.
• Announced the acquisition of the construction-stage Sorby Hills silver-lead royalty for $13.0 million, expected to be completed in the fourth quarter.
• Commodity mix breakdown: 80% gold and 20% other (predominantly copper).

For complete details, please refer to the unaudited condensed interim consolidated financial statements and associated Management Discussion and Analysis for the three and nine months ended September 30, 2026, available on SEDAR+ (www.sedarplus.ca), the SEC's website (www.sec.gov) or on Vox's website (www.voxroyalty.com).

Nine Months 2026 Highlights

• Record net income of $43.7 million or $0.63/share (9M 2025: net loss of $0.6 million or $0.01/share).
• Record royalty and net precious metal receipts¹ of $28.1 million (9M 2025: $9.3 million).
  • $22.6 million in net precious metal income (9M 2025: $0.1 million). The Company realized average net precious metal income margins of $128.72/oz¹ on 175,233 ounces delivered for the period (9M 2025: realized average net precious metal income margins of $48.52/oz¹ on 2,955 ounces delivered).
  • $5.5 million from royalty revenue (9M 2025: $9.1 million).
• Record gross profit generated of $19.4 million (9M 2025: $6.0 million).
• Record income from operations of $15.9 million (9M 2025: $0.7 million).
• Record operating cash flows of $23.1 million (9M 2025: $4.6 million).
• Repaid the $6.7 million credit facility balance that was owing at the end of December 2025, leaving a fully undrawn credit facility at quarter end.
• Commodity mix breakdown: 87% gold and 13% other (predominantly copper).

Quarterly Dividend

The Company is also pleased to announce that its Board of Directors has declared a quarterly dividend of $0.015 per common share, to be paid on January 14, 2027, to shareholders of record as of the close of business on December 31, 2026.

For shareholders residing in Canada, the dividend will be paid in Canadian dollars based on the daily exchange rate published by the Bank of Canada on December 31, 2026. The dividend qualifies as an "eligible dividend" as defined in the Income Tax Act (Canada). The dividend is subject to customary Canadian withholding tax for shareholders that are not resident in Canada.

About Vox

Vox Royalty Corp. (NASDAQ: VOXR) (TSX: VOXR) is a returns-focused mining royalty and streaming company built on disciplined capital allocation and risk-adjusted value creation. The Company holds a diversified portfolio of over 70 royalties and streams, including 11 producing and 29 development stage assets, with primary exposure to gold and select industrial metals across top tier mining jurisdictions. Founded in 2014, Vox combines a technically driven team, early catalyst identification, and a proprietary royalty database to target convex, long-term returns for shareholders. Vox is a constituent of the Russell 2000® and Russell 3000® Indexes and is included in the MVIS® Global Junior Gold Miners Index and VanEck Junior Gold Miners ETF (GDXJ).

For more information, visit the Company's website at: www.voxroyalty.com.

For further information contact:

Cautionary Statements to U.S. Securityholders

The financial information included or incorporated by reference in this press release or the documents referenced herein has been prepared in accordance with International Financial Reporting Standards, as issued by the International Accounting Standards Board ("IFRS Accounting Standards"), which differs from US generally accepted accounting principles ("US GAAP") in certain material respects, and thus are not directly comparable to financial statements prepared in accordance with US GAAP.

Cautionary Note Regarding Forward-Looking Statements and Forward-Looking Information

This press release contains "forward-looking statements", within the meaning of the U.S. Securities Act of 1933, as amended, the U.S. Securities Exchange Act of 1934, as amended, the Private Securities Litigation Reform Act of 1995 and "forward-looking information" within the meaning of applicable Canadian securities legislation. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as "expects" or "does not expect", "is expected", "anticipates" or "does not anticipate" "plans", "estimates" or "intends" or stating that certain actions, events or results " may", "could", "would", "might" or "will" be taken, occur or be achieved) are not statements of historical fact and may be "forward-looking statements." Forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to materially differ from those reflected in the forward-looking statements.

The forward-looking statements and information in this press release include, but are not limited to, statements regarding the payment of a quarterly dividend in January 2027 and on any future date thereafter, development expectations at key growth assets during future reporting periods, expectations to realize royalty and net precious metal receipts¹ from producing and development stage assets in the near-term, and expectations to carry out additional accretive acquisition opportunities.

Forward-looking statements are necessarily based upon a number of factors and assumptions that, while considered reasonable by Vox as of the date of such statements, are inherently subject to significant business, economic and competitive uncertainties and contingencies. The material factors and assumptions used in the preparation of the forward-looking statements contained herein, which may prove to be incorrect, include, but are not limited to, the assumptions set forth herein and in Vox's annual information form for the financial year ended December 31, 2025 filed with Canadian securities regulators as well as: the accuracy of public statements and disclosures made by the owners or operators of such underlying properties; no material adverse change in the market price of the commodities that underlie the asset portfolio; no material changes to existing tax treatment; the expected application of tax laws and regulations by taxation authorities; the expected assessment and outcome of any audit by any taxation authority; no adverse development in respect of any significant property in which Vox holds a royalty, stream or other interest; the accuracy of publicly disclosed expectations for the development of underlying properties that are not yet in production; integration of acquired assets; and the absence of any other factors that could cause actions, events or results to differ from those anticipated, estimated or intended.

Forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to materially differ from those reflected in the forward-looking statements, including but not limited to: the impact of general business and economic conditions, including international trade and tariffs; the absence of control over mining operations from which Vox will purchase precious metals or from which it will receive royalty, stream or other payments, and risks related to those mining operations, including risks related to international operations, government and environmental regulation, delays in mine construction and operations, actual results of mining and current exploration activities, conclusions of economic evaluations and changes in project parameters as plans are refined; problems related to the ability to market precious metals or other metals; industry conditions, including commodity price fluctuations, interest and exchange rate fluctuations; interpretation by government entities of tax laws or the implementation of new tax laws; the volatility of the stock market; competition; risks related to Vox's dividend policy; epidemics, pandemics or other public health crises, geopolitical events and other uncertainties, such as the changes to United States tariff and import/export regulations, as well as those factors discussed in the section entitled "Risk Factors" in Vox's annual information form for the financial year ended December 31, 2025 available at www.sedarplus.ca and the SEC's website at www.sec.gov (as part of Vox's Form 40-F).

Should one or more of these risks, uncertainties or other factors materialize, or should assumptions underlying the forward-looking information or statement prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Vox cautions that the foregoing list of material factors is not exhaustive. When relying on Vox's forward-looking statements and information to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and potential events.

Vox has assumed that the material factors referred to in the previous paragraph will not cause such forward-looking statements and information to differ materially from actual results or events. However, the list of these factors is not exhaustive and is subject to change, and there can be no assurance that such assumptions will reflect the actual outcome of such items or factors. The forward-looking information contained in this press release represents the expectations of Vox as of the date of this press release and, accordingly, is subject to change after such date. Readers should not place undue importance on forward-looking information and should not rely upon this information as of any other date. While Vox may elect to, it does not undertake to update this information at any particular time except as required in accordance with applicable laws.

None of the TSX, its Regulation Services Provider (as that term is defined in policies of the TSX) or The Nasdaq Stock Market LLC accepts responsibility for the adequacy or accuracy of this press release.

Technical and Third-Party Information

Except where otherwise stated, the disclosure in this press release is based on information publicly disclosed by project operators based on the information/data available in the public domain as at the date hereof and none of this information has been independently verified by Vox. Specifically, as a royalty investor, Vox has limited, if any, access to the royalty operations. Although Vox does not have any knowledge that such information may not be accurate, there can be no assurance that such information from the project operators is complete or accurate. Some information publicly reported by the project operators may relate to a larger property than the area covered by Vox's royalty interests. Vox's royalty interests often cover less than 100% and sometimes only a portion of the publicly reported mineral reserves, mineral resources and production of a property.

Note Regarding Certain Measures of Performance

Non-GAAP Financial Measures

Royalty and net precious metal receipts

Royalty revenue and net precious metal receipts is a non-GAAP financial measure. Net precious metal income related to Vox's PMPA agreements is not IFRS 15 revenue and therefore would not be combined with royalty revenue under IFRS Accounting Standards. Income from net precious metal receipts represents the proceeds the Company receives from the sale of refined gold to a third party less the purchase price paid to the mining operator for the refined gold and sales commissions, plus royalty revenue recognized during the period. Management uses the royalty revenue and net precious metal receipts to evaluate the underlying operating performance of the Company for the reporting periods presented, to assist with the planning and forecasting of future operating results, and to supplement information in its consolidated financial statements. Management believes that in addition to measures prepared in accordance with IFRS Accounting Standards such as royalty revenue, investors may use the royalty revenue and net precious metal receipts to evaluate the results of the underlying business. Management believes that the royalty revenue and net precious metal receipts is a useful measure of the Company performance because it adjusts for items which management believes reflect the Company's core operating results from period to period. Royalty revenue and net precious metal receipts is intended to provide additional information to investors and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS Accounting Standards. It does not have any standardized meaning under IFRS Accounting Standards and may not be comparable to similar measures presented by other issuers.

Average net precious metal income per ounce

Average net precious metal income per ounceis a non-GAAP financial metric, which is defined as net precious metal income related to Vox's PMPA agreements, representing the proceeds the Company receives from the sale of refined gold to a third party less the purchase price paid to the mining operator for the refined gold and sales commissions, divided by the number of gold ounces sold during the period. Management uses the non-GAAP financial metric of average net precious metal income per ounce to evaluate the underlying operating performance of the Company for the reporting periods presented and to assist with the planning and forecasting of future operating results. Management believes that in addition to measures prepared in accordance with IFRS Accounting Standards such as revenue, investors may use average net precious metal income per ounce to evaluate the results of the underlying business. Management believes that average net precious metal income per ounce is a useful measure of the Company performance because it adjusts for items which management believes reflect the Company's core operating results from period to period. Average net precious metal income per ounce is intended to provide additional information to investors and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS Accounting Standards. It does not have any standardized meaning under IFRS Accounting Standards and may not be comparable to similar measures presented by other issuers.

1. Royalty and net precious metal receipts and average net precious metal income per ounce, as presented above are non-GAAP financial measures with no standardized meaning under IFRS Accounting Standards and therefore may not be comparable to similar measures presented by other issuers. For further information and a detailed reconciliation of each non-GAAP financial measure to the most directly comparable IFRS Accounting Standards measure, see ''Non-GAAP Financial Measures'' section of this press release.

SOURCE: Vox Royalty Corp.

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D.Ch. Nadeau--SMC