EMX Royalty Corporation announced the execution of an exploration and option agreement for EMX's Yarrol and Mt Steadman Projects in Queensland, Australia to Many Peaks Gold. The agreement provides EMX with cash payments, additional equity interests in MPG and work commitments during a fifteen month option period. Upon exercise of the option EMX will receive additional payments of cash and shares of MPG along with annual advance royalty payments, royalty interests and other considerations.

The Yarrol Project contains zones of gold and copper mineralization in addition to newly discovered areas with cobalt- enriched manganese oxide mineralization and heavy mineral sands deposits. The Mount Steadman Project contained historically defined zones of gold mineralization in addition to areas of historic gold mining activities. Both projects were acquired by EMX as part of recent regional assessments of prospectivity in eastern Australia via purchase agreements with third parties, and then greatly expanded by EMX via filing of exploration license applications.

MPG is currently an EMX partner on the Company's nearby Queensland Gold project. Together with the Queensland Gold project, the addition of Yarrol and Mt Steadman to MP's portfolio builds a substantial property package with a diverse suite of mineral deposits and occurrences in central Queensland.