Triple Flag Precious Metals Corp. and Maverix Metals Inc. announce the successful completion of the previously announced acquisition of Maverix by Triple Flag by way of a plan of arrangement under the Canada Business Corporations Act (the "Arrangement"). Mr. Blake Rhodes and Mr. Geoff Burns will be joining the Board of Directors of Triple Flag.

Triple Flag announce that Warren Beil will be joining Triple Flag from Maverix as General Counsel, and James Dendle is being promoted to the position of Senior Vice President, Corporate Development. Mr. Beil is a practicing corporate and securities lawyer, skilled in advising companies operating in the mining and natural resource sectors. Mr. Beil's expertise includes securities law, regulatory and stock exchange compliance, capital markets transactions, including mergers and acquisitions, public offerings, asset purchases, options and joint ventures and stock exchange listings.

Prior to joining Maverix, Mr. Beil was the Vice President, Legal for two gold exploration companies. Mr. Beil began his career in private practice with a preeminent national law firm. After leaving private practice, Mr. Beil served as the General Counsel to a private venture capital company focused on the mining and natural resource sectors.

Mr. Beil holds a Juris Doctor from the University of Toronto and a Juris Doctor, with Honors, from Bond University on the Gold Coast of Australia. Mr. Beil is a practicing member of the Law Society of British Columbia. Mr. Burns co-founded Maverix Metals Inc. in 2016 and has served as the Chair of Maverix's Board of Directors since its inception until its sale to Triple Flag in 2023.

Previously, he served as President and CEO of Pan American Silver Corp. for 12 years, and was also a member of the Board of Directors. In his over 35 years in the precious metals mining industry, Mr. Burns has gathered extensive experience throughout North and South America in both mine operations and project development, having participated in multiple mine development and construction projects from feasibility study through continuous operation.

Throughout his career he has led or been a part of numerous capital market transactions raising more than $1.3 billion in equity, debt and convertible debt, while completing M&A transactions in excess of $3.0 billion. Mr. Burns holds a BSc. degree in Geology from McMaster and an MBA from York University.

Triple Flag also announces that Director Sir Michael ("Mick") Davis has stepped down from the Board.