Maverix Metals to Increase Credit Facility to US$120 Million

Maverix Metals Inc. (the "Company" or "Maverix") (NYSE American: MMX, TSX: MMX) is pleased to announce that it has secured commitments to upsize its revolving credit facility to borrow up to US$120 million (the "Increased Facility").

Closing of the Increased Facility is subject to completion of definitive documentation and satisfaction of conditions precedent customary for a financing of this nature. Maverix intends to use the Increased Facility for future royalty and stream acquisitions and general corporate purposes.

Matt Fargey, CFO of Maverix, commented, "This further increase to our revolving credit facility is supported by our strong and growing portfolio of royalties and precious metal streams and provides Maverix with additional liquidity to pursue further royalty and streaming opportunities."

Maverix also announces that it has filed a final short form base shelf prospectus (the "Final Prospectus") with the securities regulatory authorities in each of the Provinces of Canada, except Quebec, and a corresponding shelf registration statement on Form F-10/A (the "Shelf Registration Statement") with the U.S. Securities and Exchange Commission ("SEC") under the Multijurisdictional Disclosure System, established between Canada and the United States. The Final Prospectus replaces a base shelf prospectus of the Company that will expire on October 6, 2019. Copies of the Final Prospectus and the Shelf Registration Statement can be found on SEDAR at www.sedar.com and EDGAR at www.sec.gov, respectively, or may be obtained by directing a request to Maverix at 510 Burrard Street, Suite 575, Vancouver, British Columbia, Canada, V6C 3A8, Attention: Corporate Secretary.

The Final Prospectus will, subject to the filing of a shelf prospectus supplement, allow for the potential offering of up to an aggregate of US$300,000,000 of Maverix's common shares, subscription receipts, units, warrants, share purchase contracts and debt securities or any combination thereof (all of the foregoing, collectively, the "Securities"). These Securities may be offered from time to time over a 25-month period under the Final Prospectus, until such Final Prospectus expires on October 13, 2021. The Shelf Registration Statement filed with the SEC has not yet become effective. Until the Shelf Registration Statement becomes effective, no securities may be sold nor may offers to buy be accepted in the United States. This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these Securities in any jurisdiction in which an offer, solicitation or sale would be unlawful prior to registration or qualifications under the securities laws of any such jurisdiction.

About Maverix

Maverix is a gold royalty and streaming company. Maverix's mission is to provide its shareholders with significant low risk leverage to precious metal prices and to increase underlying per share value by continuing to grow its portfolio with acquisitions of high-quality royalties and streams that offer robust returns.