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EMX ROYALTY CORP THE ROYALTY GENERATOR SM NEWS RELEASE EMX Royalty Announces First Quarter 2021 Results Vancouver , British Columbia , May 18 , 2021 ( NYSE American : EMX ; TSX Venture : EMX ; Frankfurt : 6E9 ) - EMX Royalty Corporation ( the " Company " or " EMX ” ) is pleased to report results for the quarter ended March 31 , 2021 ( " Q1-2021 " ) . The Company's filings for the quarter are available on SEDAR at www.sedar.com , on the U.S. Securities and Exchange Commission's website at www.sec.gov , and on EMX's website at www.EMXroyalty.com . Financial results were prepared in accordance with International Financial Reporting Standards , as issued by the International Accounting Standards Board . HIGHLIGHTS FOR Q1-2021 Financial Update All dollar amounts in this news release are Canadian dollars ( CDN ) unless otherwise noted . • • • • EMX ended the three - month period at March 31 , 2021 with a balance sheet including cash and cash equivalents of $ 49,200,000 , investments , strategic investments , receivables , and loans receivable valued at $ 24,197,000 , and no debt . EMX had revenue of $ 1,298,000 which includes royalty income , other property income including income from the sale or option of property interests and management fees , and interest and dividends earned on cash and investment balances . Included in revenues was royalty income of $ 392,000 and $ 398,000 for the fair value of equity positions received on the sale and option of property interests . Revenues for Q1-2021 increased compared to Q1-2020 with an increase in option and other property income , and dividend income offset by a decrease in interest income . Royalty generation costs totaled $ 4,027,000 of which the Company recovered $ 2,740,000 from partners . General and administrative expenses totaled $ 1,851,000 which includes $ 985,000 in salaries and consultants , $ 274,000 in administrative costs , $ 213,000 in professional fees , $ 187,000 in transfer agent and filing fees , $ 20,000 in travel , and $ 172,000 in investor relations costs . General and administrative costs can fluctuate from period to period depending on activity and timing of comparable costs . For the quarter , the Company had a net loss from operations of $ 2,648,000 including $ 255,000 in depletion and depreciation costs , and $ 542,000 in share - based compensation . Other items affecting net loss and financial results in Q1-2021 include a realized gain of $ 441,000 on the sale of marketable securities , the Company's share of income in an associated entity of $ 221,000 , a fair value loss on investments of $ 1,321,000 , and a foreign exchange adjustment of $ 1,117,000 . The foreign exchange adjustment was a direct result of holding USD cash and net assets denominated in USD . Operational Update EMX's royalty and mineral property portfolio totals over 200 projects on five continents . The following discussion summarizes the work conducted in Q1-2021 , as well as subsequent events , by the Company and its partners . Suite 501-543 Granville Street , Vancouver , British Columbia V6C 1X8 , Canada Tel : ( 604 ) 688-6390 Fax : ( 604 ) 688-1157 www.EMXroyalty.com