Form 51-102F3
MATERIAL CHANGE REPORT
Item 1. Name & Address of Company
EMX ROYALTY CORPORATION ("EMX" or the "Company")
Suite 501 - 543 Granville Street
Vancouver, British Columbia
V6C 1X8
Item 2. Date of Material Change
October 5, 2020
Item 3. News Release
A news release dated October 5, 2020 was disseminated through the facilities of Newsfile Corp.
Item 4. Summary of Material Change
The Company provided an update on its Timok Project royalty properties, which cover the Cukaru Peki deposit being developed by Zijin Mining Group Co., Ltd. ("Zijin") in Serbia's Timok Magmatic Complex. As described in the Company's news release, EMX holds an uncapped 0.5% net smelter returns ("NSR") royalty across the Brestovac license, which contains the Cukaru Peki copper-gold deposit's Upper Zone high-grade development project and Lower Zone porphyry deposit.
Item 5. Full Description of Material Change
Item 5.1 Full Description of Material Change
See attached news release.
Item 5.2 Disclosure for Restructuring Transactions
Not applicable
Item 6. Reliance on subsection 7.1(2) or (3) of National Instrument 51-102
Not applicable.
Item 7. Omitted Information
None.
Item 8. Executive Officer
Rocio Echegaray, Corporate Secretary
Phone: 604-688-6390
Email: rocio@EMXRoyalty.com
Item 9. Date of Report:
October 8, 2020
