Royalties

EMX has a diversified portfolio of precious metals, base metals, and other royalty interests. A key asset is the Leeville royalty property that covers portions of Newmont’s Northern Carlin Trend underground gold mining operations. EMX is utilizing royalty payments from Leeville, along with other cash flows, to help cover operating expenses and provide capital to take advantage of new business opportunities. In addition to the current royalty property portfolio, all of EMX’s exploration properties optioned to partner companies include a retained royalty interest to EMX’s benefit.

United States

LOCATION	PROPERTY	ROYALTY/PAYMENTS	COMMODITY	OPERATOR	STATUS
Nevada	Leeville	1% GSR	Gold	Newmont Mining Corporation	Producing
	Rawhide	19.9% equity Interest	Gold-Silver	Rawhide Mining LLC	Producing
	NP Placers	> Of 50 cents/yd3 or 4% NSR & AAR Payments	Gold	New Gold Recovery USA Inc.	Resource/Development
	Gold Bar South - Afgan	1% NSR	Gold	McEwen Mining Inc.	Exploration
	Antelope	4% NSR & other payments	Gold	Hochschild Mining Plc.	Exploration
	Maggie Creek	2% NSR on precious metals; 1% NSR on other metals	Gold	Renaissance Gold Inc.	Exploration
	Maggie Creek (South)	3% NSR	Gold	Newmont Mining Corporation	Exploration
	Cathedral Well	2.5% NSR	Gold	Ely Gold and Minerals Inc.	Exploration
	Selena	3.25% Production royalty/AMR & Milestone Payments	Gold	Ridgeline Minerals	Exploration
	Swift	3.25% Production royalty/AMR & Milestone Payments	Gold	Ridgeline Minerals	Exploration
	Yerington West	20% carried to feasibility or 2.5% NSR	Copper	Hudbay Minerals	Exploration
Arizona	Copper King	2% NSR/AMR & Milestone Payments	Copper	Kennecott Exploration Company	Exploration
	Hardshell Skarn	2.0% NSR & AMR Payments	Copper-Gold-Silver	South32	Exploration
	Red Top	3.5% NSR/AMR & Milestone Payments	Copper	Zacapa Resources	Exploration
	Ripsey	3.5% NSR/AMR & Milestone Payments	Copper	Zacapa Resources	Exploration
	Superior West	2% NSR/AMR & Milestone Payments	Copper	Kennecott Exploration Company	Exploration
Alaska	Goodpaster	1.5 - 3% NSR	Gold	Millrock Resources Inc.	Exploration
Idaho	Erickson Ridge	3.5% NSR/AMR & Milestone Payments	Gold	Gold Lion Resources	Exploration
	Miller Mountain	3.5% NSR/AMR & Milestone Payments	Gold	Zacapa Resources	Exploration
	South Orogrande	3.5% NSR/AMR & Milestone Payments	Gold	Gold Lion Resources	Exploration
	Robber Gulch	3.5% NSR/AMR & Milestone Payments	Gold	Gold Lion Resources	Exploration
Oregon	Golden Ibex	1% NSR	Gold	Golden Ibex (EMX 10% Equity interest)	Exploration
Utah	Copper Warrior	2.0% NSR	Copper	Warrior Metals Inc.	Exploration
	Ophir	2.0% NSR	Copper	Kennecott Exploration Company	Exploration
British Columbia	Pyramid	1.0% NSR	Copper-Gold	Norra Metals Corp	Exploration
Ontario	Dixie 17,18,19	0.5% NSR & other payments	Gold	Pistol Bay	Exploration
	Dixie 3	1.5% NSR & other payments	Gold	Pistol Bay	Exploration
	Lucky 7	1.5% NSR & other payments	Gold	Pistol Bay	Exploration
	Red Lake Agreement	2.5% NSR	Gold	Pacton Gold	Exploration
	Jackson Manion	1.5% NSR	Gold	Mastadon	Exploration
	Shabu	1.5% NSR	Gold	Mastadon	Exploration
	Birch/Uchi	1.5% NSR & other payments	Gold	Mastadon	Exploration
	Atikokan	1.0% NSR & other payments	Gold	Falcon Gold	Exploration
	Sandy Pines/Fly Lake/Joy	1.5% NSR & other payments	Gold	Pistol Bay	Exploration
	Dixie Halo	0.8% NSR & other payments	Gold	BTU Metals	Exploration
	Dash Lake	1.5% NSR & other payments	Gold	Shafer Resources	Exploration
	Cabin Bay North	1.5% NSR & other payments	Gold	1106877 BC (J. Lenec)	Exploration
	SLF	1.5% NSR & other payments	Gold	Golden Goliath	Exploration
	Kwai	1.5% NSR & other payments	Gold	Golden Goliath	Exploration
	Bruce Lake	1.5% NSR & other payments	Gold	Goldon	Exploration
	McDonough/Pipestone/Coli Lake	1.5% NSR & other payments	Gold	Goldon	Exploration
	North Pakwash	1.5% NSR & other payments	Gold	Pistol Bay	Exploration
	Camping Lake	1.5% NSR & other payments	Gold	Prime Meridian Resources	Exploration
	Longlegged Lake Fault	1.5% NSR & other payments	Gold	Silver Dollar Resources	Exploration
	Ears Falls	1.5% NSR & other payments	Gold	Cross River Ventures	Exploration
	Shabu	1.5% NSR & other payments	Gold	Cross River Ventures	Exploration
	Dent/Jackson Manion	1.5% NSR & other payments	Gold	Cross River Ventures	Exploration
	Manitou Fault	1.5% NSR & other payments	Gold	Cross River Ventures	Exploration
	Maskootch	1.5% NSR & other payments	Gold	Cross River Ventures	Exploration
	Camping Lake	1.5% NSR & other payments	Gold	Falcon Gold	Exploration
	Bruce Lake	1.5% NSR & other payments	Gold	Falcon Gold	Exploration
	South of Otter	1.5% NSR & other payments	Gold	Portofino	Exploration
	Dixie Lake 2	1.5% NSR & other payments	Gold	Infinite Ore Corp.	Exploration
	Dixie Lake 3	1.5% NSR & other payments	Gold	Infinite Ore Corp.	Exploration
	Pakwash	1.5% NSR & other payments	Gold	Silver Dollar Resources	Exploration
	Fairchild	1.5% NSR & other payments	Gold	Fairchild Resources	Exploration
	Gerry Lake	1.5% NSR & other payments	Gold	Infinite Ore Corp.	Exploration
	Lower Detour	3.0% NSR & other payments	Gold	Silver Sands	Exploration
Quebec	Fernet	1.0% NSR & other payments	Gold	Victor Cantore	Exploration
	Portage River	1.5% NSR & other payments	Gold	Frontline Gold	Exploration
	Swain Lake/Birch Uchi	1.5% NSR & other payments	Gold	Pacton Gold	Exploration
	Amex South	1.5% NSR & other payments	Gold	Kanadario Gold Inc.	Exploration
	Sunday Fault North	1.5% NSR & other payments	Gold	Kanadario Gold Inc.	Exploration

Europe

LOCATION	PROPERTY	ROYALTY/PAYMENTS	COMMODITY	OPERATOR	STATUS
Serbia	Timok - Cukaru Peki (Brestovac License)	0.5% NSR*	Copper-Gold	Zijin Mining	Resource/Development
	Jasikovo - Durlan Potok	0.5% NSR*	Copper-Gold	Zijin Mining	Exploration
	Timok - Corridor Zone (Brestovac West License)	2.0% NSR on Au and Ag;	Gold	Zijin Mining	Exploration
		1% NSR other metals
Sweden	Viscaria	1.0% NSR	Copper (Iron)	Copperstone Resources	Resource/Development
	Gold Line	3% NSR & other payments	Gold	Gold Line Resources Ltd.	Exploration
	Southern Gold Line	2.5% NSR & other payments	Gold	Capella Minerals	Exploration
	Gumsberg	3% NSR & other payments	Zinc-Lead-Silver	Norden Crown Metals	Exploration
	Mjövattnet	2.5% NSR & other payments	Nickel-Copper-Cobalt	Martin Laboratories EMG Limited	Exploration
	Njuggträskliden	2.5% NSR & other payments	Nickel-Copper-Cobalt	Martin Laboratories EMG Limited	Exploration
	Slättberg	3% NSR & other payments	Nickel-Copper-Cobalt	Sienna Resources Inc.	Exploration
	Tomtebo	2.5% NSR & other payments	Copper-Zinc-Lead-Silver-Gold	District Metals Corp.	Exploration
	Trollberget	2.5% NSR & other payments	Copper-Zinc-Lead-Silver-Gold	District Metals Corp.	Exploration
Norway	Bamble	2.5% NSR & other payments	Nickel-Copper-Cobalt	Martin Laboratories EMG Limited	Exploration
	Bleka	3% NSR & other payments	Gold	Sienna Resources Inc.	Exploration
	Bleikvassli	3% NSR & other payments	Zinc-Lead-Silver	Norra Metals Corp.	Exploration
	Brattåssen	2.5% NSR & other payments	Nickel-Copper-Cobalt	Martin Laboratories EMG Limited	Exploration
	Burfjord	3% NSR & other payments	Copper-Gold	Norden Crown Metals	Exploration
	Espadalen	3% NSR & other payments	Nickel-Copper-Cobalt	Pursuit Minerals Ltd	Exploration
	Flåt	2.5% NSR & other payments	Nickel-Copper-Cobalt	Martin Laboratories EMG Limited	Exploration
	Hosanger	3% NSR & other payments	Nickel-Copper-Cobalt	Pursuit Minerals Ltd	Exploration
	Kjøli	2.5% NSR & other payments	Gold	Capella Minerals	Exploration
	Løkken	2.5% NSR & other payments	Gold	Capella Minerals	Exploration
	Meråker	3% NSR & other payments	Zinc-Lead-Silver	Norra Metals Corp.	Exploration
	Røstvangen	3% NSR & other payments	Nickel-Copper-Cobalt	Playfair Mining Ltd.	Exploration
	Sigdal	3% NSR & other payments	Nickel-Copper-Cobalt	Pursuit Minerals Ltd	Exploration
	Vakkerlien	3% NSR & other payments	Nickel-Copper-Cobalt	Playfair Mining Ltd.	Exploration
	Vekselmyr	3% NSR & other payments	Gold	Sienna Resources Inc.	Exploration
Finland	Kaukua	3% NSR	Nickel-Copper-Cobalt-PGE	Palladium One	Resource/Development
	Kuusamo	3% NSR & other payments	Nickel-Copper-Cobalt-PGE	Sienna Resources Inc.	Exploration

Asia Minor

LOCATION	PROPERTY	ROYALTY/PAYMENTS	COMMODITY	OPERATOR	STATUS
Turkey	Balya	4% NSR & other payments	Zinc-Lead-Silver	Esan Eczacibaşi Endüstriyel Hammaddeler San. ve Tic. A.Ş.	Producing
	Akarca	1-3% NSR & other payments	Gold-Silver	Çiftay İnşaat Taahhüt ve Ticaret A.Ş.	Resource/Development
	Sisorta	3.5-5%NSR & other payments	Gold (Copper)	Bahar Madencilik Sinayi ve Ticaret Ltd Sti	Resource/Development
	Aktutan	4% NSR & other payments	Zinc-Lead-Silver	Dedeman Madencilik	Exploration
	Alankoy	2.5% NSR & other payments	Copper-Gold	Kar Mineral Madencilik	Exploration
	Trab-23	2.5% NSR & other payments	Copper-Gold	Kar Mineral Madencilik	Exploration

South America and Caribbean

LOCATION	PROPERTY	ROYALTY/PAYMENTS	COMMODITY	OPERATOR	STATUS
Chile	San Guillermo	0.5% NSR	Gold-Silver	Austral Gold Ltd.	Exploration
	Reprado	1.0% NSR	Gold-Silver	Austral Gold Ltd.	Exploration
	Limbo	1.0% NSR	Gold-Silver	Austral Gold Ltd.	Exploration
	Magallanes	1.0% NSR	Gold-Silver	Austral Gold Ltd.	Exploration
	Victoria Norte	2.0% NSR	Gold-Silver / Copper Molybdenum	Hoochschild Mining PLC	Exploration
	Kolla Kananchiari	1% NSR precious metals, 0.5% NSR base metals	Gold-Copper-Silver	Masglas America Corporation	Exploration
	San Valentino	1.0% NSR	Copper-Gold-Molybdenum	Atacama Copper Exploration Ltd.	Exploration
	T4	1.5% NSR	Copper-Gold	Atacama Copper Exploration Ltd.	Exploration
	Las Animas	1.5% NSR	Copper-Gold	Atacama Copper Exploration Ltd.	Exploration
	Victoria Sur	1.0% NSR	Gold-Silver-Copper	Austral Gold Ltd.	Exploration
	Arrieros	1.0% NSR	Copper-Molybdenum-Gold	Pampa Metals Corp	Exploration
	Redondo-Veroncia	1.0% NSR	Copper-Molybdenum	Pampa Metals Corp	Exploration
	Block-2	1.0% NSR	Copper-Molybdenum	Pampa Metals Corp	Exploration
	Block-3	1.0% NSR	Copper-Molybdenum	Pampa Metals Corp	Exploration
	Block-4	1.0% NSR	Copper-Molybdenum	Pampa Metals Corp	Exploration
	Cerro Blanco	1.0% NSR	Copper-Molybdenum-Gold	Pampa Metals Corp	Exploration
	Cerro Buenos Aires	1.0% NSR	Copper-Molybdenum-Gold-Silver	Pampa Metals Corp	Exploration
	Morros Blancos	1.0% NSR	Copper-Gold-Molybdenum	Pampa Metals Corp	Exploration
Haiti	Grand Bois	0.5% NSR	Gold-Copper	Sono Global Holdings	Exploration
	Grand Bois & Surrounding Properties	0.5% NSR	Gold-Copper	Newmont Ventures Limited	Exploration
	La Miel	0.5% NSR	Gold-Copper	Newmont Ventures Limited	Exploration
	La Mine	0.5% NSR	Gold-Copper	Newmont Ventures Limited	Exploration
	Northwest	0.5% NSR	Gold-Copper	Newmont Ventures Limited	Exploration
	Northeast	0.5% NSR	Gold-Copper	Newmont Ventures Limited	Exploration
	North Central	0.5% NSR	Gold-Copper	Newmont Ventures Limited	Exploration

Australia

LOCATION	PROPERTY	ROYALTY/PAYMENTS	COMMODITY	OPERATOR	STATUS
Australia	Koonenberry	3% NSR & AAR Payments (NQM);	Gold	KNB & Rockwell	Exploration
Australia	Koonenberry	0.5% NSR(Rockwell)	Gold	KNB & Rockwell	Exploration
	Queensland Gold	2.5% NSR & other payments	Gold	Many Peaks Gold Pty Ltd	Exploration

TSX-V:EMX: $3.70

NYSE American:EMX: $3.02

Frankfurt:6E9.F: $2.52