Vox Royalty Corp. notes recent announcements from royalty operating partner Jangada Mines plc, regarding the release of a Preliminary Economic Assessment ("PEA"), submission of an application for a trial mining license and management guidance for first production in First Quarter 2022. Vox holds a 1% Net Smelter Return ("NSR") royalty on the Pitombeiras vanadium project, which was transferred to an affiliate of Jangada when the Pedra Branca platinum group metals project tenure was split between ValOre Metals Corp. and Jangada in 2019. Following this asset split Vox retained a 1% NSR across both the Pitombeiras and Pedra Branca projects. Summary of Development Update: Pitombeiras' maiden PEA delivers robust project economics for a 6 year operation at 1.1Mtpa production rate: $106.5 million post-tax Net Present Value ("NPV") (at 8% discount rate); $271.3 million total gross revenue forecast at a final estimated selling price of US$104.75/dry metric tonne; 317.8% post-tax Internal Rate of Return ("IRR"); Initial capital cost of US$9.5m; Payback time - 3 months; Further upside to economics expected to be delivered in a revised PEA including potential expanded mineral resources upon conclusion of ongoing drilling programme anticipated in Second Quarter 2021; Simplicity of operations and processing route makes the project amenable to a fast-track approach to production and cash flow with first production anticipated for First Quarter 2022; On March 19, 2021 Jangada announced that it had submitted an application to the Brazilian National Mining Agency ("Agência Nacional de Mineração" or "ANM") to obtain a trial mining licence ("Guia de Utilização" or "GU") that once approved, will allow for the extraction of 300,000 tonnes of Ferrovanadium (FeV) bearing material per year from Jangada's exploration licenses with the purpose of continuing to evaluate the technical aspects and economic benefits of the Pitombeiras Project.