Sailfish Royalty Corp. reported that Mako Mining Corp. announced the completion of a 230 drill hole, 9,000-meter ("m") infill reverse circulation drill campaign at the Las Conchitas area of its wholly-owned San Albino-Murra property located in northern Nicaragua.

This infill RC program is part of the company's efforts to publish a maiden resource at Las Conchitas in 2023. Las Conchitas is located just south of the producing San Albino gold mine, which is currently in commercial production. Drilling was highlighted by: Drilling Highlights: 12.09 grams per tonne ("g/t") Gold ("Au") and 23.5 g/t Silver ("Ag") over 14.0 m (11.5 m Estimated True Width ("ETW")); including: 15.60 g/t Au and 24.9 g/t Ag over 4.0 m (3.5 m ETW); 31.10 g/t Au and 63.7 g/t Ag over 3.0 m (2.3 m ETW); 18.48 g/t Au and 43.8 g/t Ag over 3.0 m (2.6 m ETW); 15.60 g/t Au and 24.6 g/t Ag over 2.0 m (1.5 m ETW); 30.45 g/t Au and 17.6 g/t Ag over 5.0 m (4.5m ETW); 31.74 g/t Au and 14.1 g/t Ag over 4.0 m (3.3m ETW); 21.47 g/t Au and 17.1 g/t Ag over 2.0 m (ETW).

As a reminder to shareholders, Sailfish currently holds a gold stream equivalent to a 3% net smelter return royalty on San Albino and a 2% NSR on the Las Conchitas area which consists of Las Conchitas North, Las Conchitas Central and Las Conchitas South.