Robber Gulch Gold Project Optioned To Ridgeline Minerals

VANCOUVER - EMX Royalty Corporation announced the execution, by its wholly-owned subsidiary Bronco Creek Exploration Inc., of an exploration and option agreement for the sale of the Robber Gulch gold project in Idaho to Ridgeline Exploration Corporation, a wholly-owned subsidiary of Ridgeline Minerals Corp.. The Agreement provides EMX with cash payments, share payments, and work commitments during Ridgeline's earn-in period, and upon earn-in a retained 3.25% net smelter return (NSR) royalty interest, annual advance royalty payments, and certain milestone payments.

Robber Gulch is a Carlin-style gold property acquired by EMX in 2019 and then optioned to a third party in 2020 that completed work programs consisting of geological mapping, soil and rock chip geochemical sampling, trenching, and a reconnaissance drill program. This previous work confirmed several key gold zones that were delineated by coincident geochemical anomalies and prospective geology. The drill testing was limited in scope and in EMX's judgement did not adequately test the target zones. The Project reverted back to 100% EMX control in Q3, 2021.