EMX Royalty Corporation announced the execution of a purchase agreement with Aurora Exploration OY ("Aurora") for Aurora's royalty interest covering the Mustajärvi gold project in Finland (the "Project"). The Mustajärvi project is located in the prolific Central Lapland Greenstone Belt in northern Finland, which hosts several recent gold discoveries as well as the Kittila Gold Mine, operated by Agnico Eagle Mines Ltd. The Mustajärvi project is currently being advanced by Firefox Gold Corporation. The Mustajärvi project was originally acquired by Aurora in 2017 and subsequently sold to Firefox.

Further exploration and drilling by Firefox led to the discovery of significant gold mineralization within the Project area. As part of the transaction with Firefox, Aurora retained a 1% NSR royalty, to be acquired by EMX. Half of the NSR royalty (0.5%) can be repurchased by Firefox for USD 500,000 upon receipt of a positive feasibility study.

Firefox recently announced a partnership with Agnico Eagle Mines Ltd, including a private placement into Firefox. In its announcement, Firefox reported that proceeds from the private placement will be used to further advance and drill the Mustajärvi project. Commercial Terms Overview: As consideration for the royalty interest, EMX has paid Aurora USD 80,000 and will issue 30,000 common shares of the Company to Aurora, subject to receiving final acceptance from the TSX Venture Exchange.

These are the sole considerations for the purchase of the royalty. Overview of the Project. The Mustajärvi project is located in Northen Finland in the Central Lapland Greenstone Belt and is hosted within the Mustajärvi shear-zone (MSZ).

The MSZ lies between the regional Venejoki and Sirkka shear zones, which host numerous gold occurrences and deposits including Rupert Resources' recent Ikkari gold discovery. Gold mineralization at Mustajärvi appears to be developed within "dilational jogs" along the MSZ. Drill defined zones of mineralization have now been reported over a 2.1km trend.

The mineralization chiefly occurs as quartz-carbonate-tourmaline veins along contacts between intercalated siliciclastic meta-sediments and mafic-ultramafic volcanic rocks, a common control of gold mineralization in the region. The currently defined zones of mineralization remain open along strike at both ends of the trend as well as at depth.