TORONTO - Vox Royalty Corp. (TSXV: VOX) (OTCQX: VOXCF) ('Vox' or the 'Company'), a high growth precious metals focused royalty company, is pleased to provide recent development and exploration updates from royalty operating partners Black Cat Syndicate Limited (ASX: BC8) ('Black Cat'), Gold Standard Ventures Corp., Silver Mines Limited, ValOre Metals Corp., and Kalamazoo Resources Limited (ASX:KZR) ('Kalamazoo').

Spencer Cole, Chief Investment Officer stated: 'The past month's developments on key royalty properties continue to support Vox management expectations that 2022 will be a record year for royalty-linked drilling, engineering studies and first production milestones. Based on operator guidance, Bulong continues to trend towards commencement of mining in late-2022, South Railroad's feasibility is expected within the coming months, the Bowdens' underground expansion scoping study is on-track for H1 2022 delivery, and multiple resource upgrades are expected for Pedra Branca, Ashburton and other key properties later in 2022.'

On January 25, 2022, Black Cat announced: Drilling at Majestic in H2 2021 was focussed on upgrading the underground resource from Inferred to Indicated categories ahead of planned maiden ore reserves to be released in the March 2022 quarter and It was recently granted the Work Approval Permit for the construction of the planned 800ktpa processing facility at Majestic. The only outstanding permit required for mine development and mill construction is the Tailings Storage Facility ('TSF') mining proposal, which is anticipated in Q1 2022.

Vox Management Summary: The Bulong gold project in Western Australia continues to be derisked towards construction and production with this key permitting milestone. Following the release of maiden reserves and the final TSF permit, Vox management expects the Bulong project to progress into construction over the coming months.

About Vox

Vox is a high growth precious metals royalty and streaming company with a portfolio of over 50 royalties and streams spanning eight jurisdictions. The Company was established in 2014 and has since built unique intellectual property, a technically focused transactional team and a global sourcing network which has allowed Vox to become the fastest growing company in the royalty sector. Since the beginning of 2019, Vox has announced over 20 separate transactions to acquire over 45 royalties.

Contact:

Spencer Cole

Email: spencer@voxroyalty.com

Cautionary Note Regarding Forward Looking Information

This news release contains certain forward-looking statements. 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'.

The forward-looking statements and information in this press release include, but are not limited to, summaries of operator updates provided by management and the potential impact on the Company of such operator updates, statements regarding expectations for the timing of commencement of development, construction at and/or resource production from various mining projects, expectations regarding the size, quality and exploitability of the resources at various mining projects, future operations and work programs of Vox's mining operator partners, the receipt of future royalty payments derived from various royalty assets of Vox, anticipated future cash flows and future financial reporting by Vox, and requirements for and operator ability to receive regulatory approvals.

Forward-looking statements and information are based on forecasts of future results, estimates of amounts not yet determinable and assumptions that, while believed by management to be reasonable, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Forward-looking statements and information are subject to various known and unknown risks and uncertainties, many of which are beyond the ability of Vox to control or predict, that may cause Vox's actual results, performance or achievements to be materially different from those expressed or implied thereby, and are developed based on assumptions about such risks, uncertainties and other factors set out herein, including but not limited to: the requirement for regulatory approvals and third party consents, the impact of general business and economic conditions, the absence of control over the mining operations from which Vox will receive royalties, including risks related to international operations, government relations and environmental regulation, the inherent risks involved in the exploration and development of mineral properties; the uncertainties involved in interpreting exploration data; the potential for delays in exploration or development activities; the geology, grade and continuity of mineral deposits; the impact of the COVID-19 pandemic; the possibility that future exploration, development or mining results will not be consistent with Vox's expectations; accidents, equipment breakdowns, title matters, labor disputes or other unanticipated difficulties or interruptions in operations; fluctuating metal prices; unanticipated costs and expenses; uncertainties relating to the availability and costs of financing needed in the future; the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses, commodity price fluctuations; currency fluctuations; regulatory restrictions, including environmental regulatory restrictions; liability, competition, loss of key employees and other related risks and uncertainties.

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.

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