Vox Royalty Corp. provided recent development and exploration updates from royalty operating partners Thor Explorations Ltd., Jangada Mines plc, Kalamazoo Resources Limited, Genesis Minerals Limited and ValOre Metals Corp. Key Development Updates: Commercial production milestone achieved at the Segilola Gold Mine by Thor; Update on the near-term preparation of the Definitive Feasibility Study on the Pitombeiras vanadium project by Jangada; High-grade drilling results at the Ashburton Gold Project by Kalamazoo; Significant new wide, shallow drilling results from emerging Puzzle North discovery by Genesis; and High-grade drilling results at the Pedra Branca platinum-group-elements ("PGE") project by ValOre. Segilola (Producing) ? Commercial Production Milestone Achieved Vox holds a 1.5% net smelter return royalty over the Segilola gold mine, capped at USD 3.5 million; On October 5, 2021, Thor announced that commercial production had been achieved at the Segilola Gold Mine, highlighting: First gold pour in July 2021. The mine is fully operational and operating at the target daily mine production rate; and the process plant is operating in-line with its design throughput capacity of 715,000 tonnes per annum. Vox Management Summary: Based on production guidance from Thor issued on March 29, 2021, which forecast production of 46,000 ounces of gold in 2021 and 109,000 ounces of gold in 2022, Vox management estimates that total pre-tax royalty revenues of USD 3.5 million will be receivable within the first two full years of production. Pitombeiras (PEA Stage) ? Feasibility Study Expected in Fourth Quarter 2021 Vox holds a 1% net smelter return royalty over the Pitombeiras vanadium-iron ore project; On September 30, 2021, Jangada announced the following: It has appointed an independent engineering advisory company to prepare a NI 43-101 compliant definitive feasibility study, which is expected to be completed in Fourth Quarter 2021. Having been granted a trial mining license to initiate the extraction of ferrovanadium from the Pitombeiras project through an open pit mine operation, Jangada hopes to fast-track the project to early production; Vox Management Summary: Pitombeiras has been fast-tracked from discovery to feasibility in less than 3 years, which typically takes 6 ? 10 years for most mining projects. This rapid progress is a testament to Jangada Mines' management team and related stakeholders. Initial production and royalty revenue in 2022 looks increasingly likely given the current pace of development. Ashburton (Exploration) ? High Grade Drilling Results Vox holds a 1.75% gross revenue gold royalty (>250koz cumulative production) on the Ashburton gold project; On October 5, 2021, Kalamazoo announced: It has completed its 14,772m drill program at the Ashburton gold project. Drilling to the north-west and south-east of the Waugh Deposit has extended the moderate to high-grade mineralisation zone in the northern section of the Ashburton Gold Project to 2.5km long ("Waugh Zone"). Stand out drill results have been received from several prospects across the Waugh Zone showing intercepts of moderate to high grade mineralisation including: 5m @ 7.37g/t Au from 93m including 2m @ 13.58g/t Au from 93m (KARC0065); 2m @ 9.49g/t Au from 40m including 1m @ 17.85g/t Au from 40m (KARC0122); 8m @ 3.56g/t Au from 1m including 1m @ 7.25g/t Au from 6m (KARC0015); 7m @ 2.07g/t Au from surface including 5m @ 2.75g/t Au from surface (KARC0016); Significant new gold mineralisation discovered at the Annie Oakley Prospect at the north-western end of the Waugh Zone included drill assays from two holes 240m apart returning 8m @ 3.56g/t from surface (KARC0015) and 2m @ 9.49g/t Au (including 1m @ 17.85g/t Au (KARC0122)) from 40m; Shallow conglomerate hosted gold mineralisation at Annie Oakley shares many similarities with the nearby Mt Olympus deposit and supports Kalamazoo's aim to substantially increase the shallow oxide resources at the Ashburton Gold Project. Several thick >1oz/t Au intercepts from historical drilling at the Waugh Deposit undertaken by Sipa Resources in 2002 and thick moderate to high-grade down plunge intercepts by Northern Star Resources in 2012 and Kalamazoo in 2020 confirms the considerable high-grade potential of the 2.5km long Waugh Zone; and Plans to commence an extensive drill program at Ashburton in early 2022. Vox Management Summary: The drilling success that has extended the moderate to high-grade mineralisation zone in the northern section of the Ashburton project to 2.5km long indicates that Kalamazoo management's exploration target of 2Moz ? 3Moz is potentially achievable. The company looks forward to further news flow on Kalamazoo's development studies which are progressing in parallel with exploration drilling. Kookynie (Pre-Feasibility) ? Puzzle North Discovery Drilling Results Vox holds a AUD 1/t production royalty on part of the Kookynie gold project. On October 14, 2021, Genesis announced: Strong new results from Reverse Circulation ("RC") and diamond drilling continue to confirm the potential to expand the 1.6Moz Mineral Resource at the Ulysses Gold Project near Leonora in WA. It has completed a further 6,150m RC drilling and 433m diamond drilling at the royalty-linked Puzzle North project. Broad zones of strong gold mineralisation were intersected from shallow depths in RC and diamond drilling at the emerging Puzzle North Prospect, including: 44.1m @ 3.51g/t gold from 58.9m (21USDH0184), including 10.2m @ 10.6g/t gold from 67.8m; 29m @ 4.26g/t gold from 28m (21USRC1038), including 4m @ 18.39g/t gold from 32m; 28.0m @ 1.99g/t gold from 161m (21USDH0184); 32m @ 1.42g/t gold from 58m (21USRC1013), including 5m @ 5.14g/t gold from 84m; Drilling at Puzzle North has been completed over 500m of strike with the mineralisation remaining open both at depth and along strike. The northernmost hole, 21USRC1026, has returned an intercept of 11m @ 2.13g/t gold from 38m down-hole.