Vox Royalty Corp. provided recent development and exploration updates from royalty operating partners Norton Gold Fields Pty Ltd, Zijin Mining Group Co. Ltd., Silver Mines Limited, Jangada Mines plc, Venturex Resources Limited and Alamos Gold Inc. Summary of Development and Exploration Updates: Construction commenced at Janet Ivy expansion project Binduli North by Zijin Mining subsidiary Norton Gold; Scoping study begins on underground mining scenarios at Bowdens silver project by Silver Mines; 45% increase in total mineral resource estimates at Pitombeiras by Jangada; AUD 10M drill program underway and final project approvals targeted in 2022 for the Sulphur Springs project by Venturex; and Continued drilling and permitting update at Lynn Lake (MacLellan) by Alamos. Janet Ivy (Producing) Binduli North Expansion Construction Commencement. Vox holds a AUD 0.50/tonne production gold royalty over the Janet Ivy project, acquired in March 2021; Upon full commercial production Binduli will be the largest heap leach project in Australia, according to Norton Gold detailed design engineering partner CPC Engineering'sannouncement on February 3, 2021; After completion of all the Binduli construction work and upon reaching designated production capacity, approximately 7 tonnes of gold (approximately 225,000 ounces) can be produced in peak years; Total capital cost of the combined Binduli expansion is AUD 462 million, with investment in the project during the first half of 2021 of RMB 0.43B (AUD 90 million); Zijin Mining previously announced on April 28, 2020 that the "first phase of the Binduli North heap leach project is expected to complete construction and commence production in March 2022"; and Vox management has commissioned the preparation of an independent NI43-101 compliant Technical Report on Janet Ivy as a result of this material development at the Binduli North heap leach project. This Technical Report is expected to be released in September 2021. Vox Management Summary: The Binduli North heap leach expansion is expected to re-rate Janet Ivy royalty revenues from 2022 onwards. This royalty has the potential to generate AUD 1.5M AUD 2.5M of annual revenues from Binduli North production on average across the life of mine and assuming a target production rate from Norton Gold of 5Mtpa from Binduli North. Based on ongoing labour shortages in Western Australia, Vox management expects first production from Binduli North in late 2022. Bowdens (Feasibility) Underground Scoping Study and second quarter of 2021 Drilling Update: Vox holds a 0.85% gross revenue royalty on the Bowdens silver-lead-zinc project and a 1% gross revenue royalty over surrounding regional exploration tenure; On August 5, 2021, Silver Mines announced the following underground scoping study: With ongoing outstanding drilling success, a Scoping Study for potential underground mining scenarios at Bowdens Silver has commenced; The Scoping Study is separate to and does not affect the current late-stage approval process for Bowden's Silver open-pit development; An underground Mineral Resource preliminary assessment has also commenced and will operate concurrently with the 30,000m diamond drilling program; Recent drilling at the Northwest High-Grade Zone, the Aegean Zone and the Bundara Zone has demonstrated considerable high-grade potential immediately beneath the current Ore Reserve for the proposed open-pit mine development; The reporting of drilling results will continue until at least the end of the 2021 calendar year; The Mineral Resource assessment and Scoping Study will be complete post the drilling phase, likely in the March quarter 2022; and Drilling continues with four rigs operational on site. Results from BD21007, show potentially significant 200 metres of extension to the southeast of the Bundarra zone include 6.0 metres @ 311 g/t silver equivalent (35 g/t silver, 3.60% zinc, 2.87% lead and 0.60 g/t gold) from 267 metres; and Drilling continues with the 30,000m program with four rigs operational on site and which is expected to continue until at least the end of 2021. Vox Management Summary: This underground scoping study presents volume and royalty revenue upside to the June 2018 feasibility study results, which imply, based on management assumptions, a 16 year mine life generating annual open pit royalty revenues of AUD 1M AUD 1.5M on average during the life of mine. Pitombeiras (PEA Stage) PEA Update and Drilling update: Vox holds a 1% net smelter royalty over the Pitombeiras vanadium-iron ore project; Total Mineral Resource Estimate ("MRE") of 8.26Mt, representing an increase of 45%, with 62% now classified as Measured and Indicated; The Mineral Resource classification resulted in Measured & Indicated Resources of 5.10Mt at 0.46% V2O5, 9.04 % TiO2 and 46.06% of Fe2O3, and Inferred resource of 3.16Mt at 0.44% V2O5, 9.00% TiO2 and 45.86% of Fe2O3; Vanadiferous Titanomagnetite mineralisation continues to be open and drilling to date been conducted on only 3 of 8 known targets; Due to the significantly larger MRE with higher category confidence levels from that previously reported and extensive other work undertaken, Jangada will now be issuing a Definitive Feasibility Study in the third quarter of 2021, rather than an upgraded economic study; and Jangada is fully funded for its existing work programme and intends to proceed to mine development, with first production as early as the first half of 2022. Vox Management Summary: The fast-tracking of the Pitombeiras project to definitive feasibility study in Third Quarter 2021 and initial production in H1 2022 continues to exceed Vox management expectations. The 45% increase in the resource estimate and improved resource category confidence levels increases Vox's confidence in Jangada management's ability to bring this project into production in 2022. Sulphur Springs (Pre-Construction) AUD 10 million drill program, Resource Update & Final Project Approvals: Vox holds a AUD 2/tonne production copper-zinc royalty (AUD 3.7 million royalty cap) on the Sulphur Springs project and an effective AUD 0.80/tonne production royalty on the Kangaroo Caves deposit, which is part of the combined Sulphur Springs project; Lynn Lake (MacLellan, Feasibility) second quarter of 2021 Drilling and Permitting Update: Vox holds a 2% gross revenue royalty (post initial capital recovery) on part of the MacLellan deposit at the Lynn Lake gold project; Vox Management Summary: Alamos has again reiterated a construction decision deadline for Lynn Lake of mid-2022.