signature=0a34db0e773ec92483d07d120b5603bb,EMX Royalty Corp.: Form 6-K - Filed by newsfilecorp.com

EMX Royalty Corporation: Exhibit 99.1 - Filed by newsfilecorp.com

NEWS RELEASE

EMX Royalty Executes Regional Strategic Alliance Agreement

with

South32 Covering Arizona, New Mexico, and Utah

Vancouver, British Columbia, December 6, 2018 (TSX Venture:

EMX; NYSE American: EMX) EMX Royalty Corporation (the Company or

EMX) is pleased to announce the execution of a Regional Strategic Alliance

agreement (the Agreement) between its wholly-owned subsidiary Bronco Creek

Exploration, Inc. (BCE), and South32 USA Exploration Inc. (South32), a

wholly-owned subsidiary of South32 Limited (ASX, LSE, JSE: S32, ADR: SOUHY). The

Agreement provides annual funding for generative work and acquisitions over a

two year period, as well as a framework to advance projects of interest.

Generative work will focus on copper and other base metal projects within the

Laramide and Tertiary magmatic arcs of Arizona, New Mexico and Utah. Projects

advanced to the drill program stage may be selected as Designated Projects.

Designated Projects will advance under separate option agreements providing for

work commitments and cash payments to EMX during South32s earn-in period, and

upon earn-in, a 2% net smelter return ("NSR") royalty interest and

pre-production and milestone payments to EMX's benefit. South32 has initially

selected five EMX copper projects in Arizona to begin advancing toward the drill

program stage. Please see the attached map and www.EMXroyalty.com for

more information.

Alliance and Commercial Terms Overview (all dollar

amounts in USD). Under the terms of the Agreement, which has an initial term of

two years, South32 will provide annual funding for generative work performed by

EMX personnel to identify properties for exploration work (Alliance Exploration

Properties or AEPs) within the Regional Strategic Alliance Area of Interest

("AOI") that consists of the states of Arizona, New Mexico, and Utah, but

excludes South32s Hermosa project in southern Arizona. EMX personnel will

conduct exploration activities on AEPs with additional funding from South32 in

order to identify projects suitable for designation as Designated Projects. Each

Designated Project will be covered by a separate option agreement pursuant to

which South32 can acquire 100% of the project on the terms described below. All

generative and AEP exploration activities will be guided by a Technical

Committee consisting of two members from each company.

South32 will provide $800,000 per year to cover the generative

work and the salaries of EMX personnel involved in AEP exploration work. South32

will also provide a separate annual acquisition fund of $200,000 to pay for the

acquisition of new properties as approved by the Technical Committee. AEP

exploration work will be funded separately through cash calls to South32 in

amounts directed by the Technical Committee.

Designated Project Option Agreement Terms (all dollar

amounts in USD). Each option agreement covering a Designated Project will

provide that South32 can earn 100% interest in the project by reimbursing EMXs

holding costs upon execution of the option agreement, and making option payments

totaling $525,000 and completing $5,000,000 in exploration expenditures during

the five-year term of the option agreement.

Upon exercise of the option by South32, EMX will retain an

uncapped 2% NSR royalty on the project (not subject to purchase or buy down) and

receive annual advance royalty (AAR) payments equivalent to 50,000 pounds

("lbs") of copper commencing on the first anniversary. All AAR payments are set

off against 80% of future royalty payments. In addition, South32 will make

milestone payments as follows (project milestones are to NI 43-101 reporting

requirements):

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166,000 lbs of copper (or the cash equivalent) upon the completion of an

initial resource estimate,

333,000 lbs of copper (or the cash equivalent) upon completion of a

prefeasibility study, and

666,000 lbs of copper (or the cash equivalent) upon completion of a

feasibility study.

Initial Alliance Exploration Projects.Five Arizona

porphyry-copper projects have been selected as AEPs by South32, including

Midnight Juniper, Jasper Canyon, Sleeping Beauty, Dragons Tail, and Lomitas

Negras. EMX and South32 are commencing work programs on the initial AEPs, as

well as initiating a generative program to identify new projects for

acquisition. Note, in the following project descriptions, although the

referenced nearby mines and deposits provide geologic context for EMX's

properties, this is not indicative that the EMX properties host similar

endowments of mineralization.

Midnight Juniper.The Midnight Juniper

project lies at the north end of the Clifton-Morenci mining district,

approximately one kilometer northwest of the Morenci open pit copper mine. The

project geology consists of a dissected plateau of Tertiary age volcanic cover

rocks overlying a series of Paleozoic sedimentary and Proterozoic metamorphic

rocks that are exposed in an arcuate pattern at lower elevations along stream

courses. Paleozoic carbonate rocks contain a number of manganese oxide-rich base

metal occurrences in northeast oriented vein, replacement, and breccia bodies

typical of the distal expression of porphyry copper systems. EMXs

reconnaissance mapping shows that these occurrences appear to vector towards a

suspected porphyry source lying under Tertiary cover rocks in the center of the

Midnight Juniper land position.

Jasper Canyon and Sleeping Beauty.The Jasper

Canyon and Sleeping Beauty projects are located in the Globe-Miami mining

district. Both properties lie on the flanks of the Schultz Granite intrusive

complex, which is associated with numerous past and current producing copper

mines and deposits in the Globe-Miami and Superior mining districts. Porphyry

copper deposits in this region have been dismembered by numerous post-mineral

faults that displace upper levels of the mineralized systems northeastward. The

Jasper Canyon and Sleeping Beauty projects lie at the east end of a northern

trend of fault bounded deposits that include Pinto Valley, Diamond H and Copper

Cities. The Jasper Canyon project lies along the easternmost portion of this

trend and represents a fault-bounded and largely covered portion of the

suspected upper levels of a porphyry copper system in a previously unexplored

portion of the district. The Sleeping Beauty project lies to the west of Jasper

Canyon, and directly north of the Copper Cities open pit copper mine, and is

interpreted to contain down-dropped blocks of mineralization north of the

Sleeping Beauty fault. Other fault-bounded copper deposits in the district at

similar structural levels include Copper Cities, Miami East, Van Dyke, and Old

Dominion.

Dragons Tail.The Dragons Tail project is located

in the Superior mining district, approximately eight kilometers north of the

Resolution copper deposit and five kilometers southwest of Pinto Valley. EMX

identified a 1.6 kilometer long zone of quartz-sulfide alteration within

Proterozoic sedimentary rocks during reconnaissance work. The outcrops of

quartz-sulfide veining lie beneath tilted Tertiary age volcanic and

conglomeratic cover rocks. Historic drilling on the east side of the property

intercepted transported copper-oxide mineralized clasts within Tertiary

conglomerates, which suggests the source of the copper lies to the west of the

drilling and likely down dip of the mineralized exposures.

Lomitas Negras.The Lomitas Negras project is

located approximately ten kilometers southeast of the town of San Manuel, in a

broad area of post-mineral cover rocks. The property is ringed by Laramide-age

intrusive rocks and porphyry copper/skarn deposits that include San

Manuel-Kalamazoo (~20 kilometers north), Copper Creek (~25 kilometers

northeast), and Oracle Ridge (~10 kilometers southwest). Nearby outcrops exhibit

alteration and anomalous base metal mineralization that characteristically

occurs on the margins of porphyry copper systems. EMXs recognition of the

altered outcrops, combined with a new interpretation of the extensional structural setting of the

area, led to the identification of concealed porphyry copper targets beneath the

post-mineralization pediment cover.

Suite 501 543 Granville Street, Vancouver,

British Columbia V6C 1X8, Canada

Tel: (604) 688-6390 Fax: (604) 688-1157

www.EMXroyalty.com

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About EMX.EMX leverages asset ownership and exploration

insight into partnerships that advance our mineral properties, with EMX

receiving pre-production payments and retaining royalty interests. EMX

complements its royalty generation initiatives with royalty acquisitions and

strategic investments.

The Regional Strategic Alliance Agreement with South32 is an

excellent example of the execution of EMXs royalty generation business model.

The Company's organically generated porphyry copper projects were acquired on

open ground in productive mining districts, with value established through low

cost, early-stage exploration work. The Agreement's provisions for generative

funding are coupled with the future upside potential for project work

commitments, pre-production payments and retained royalty interests based upon

exploration success to EMX's and South32's mututal benefit.

Mr. Dean D. Turner, CPG, a Qualified Person as defined by

National Instrument 43-101 and consultant to the Company, has reviewed, verified

and approved the disclosure of the technical information contained in this news

release.

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For further information contact:

David M. Cole

Scott Close

President and Chief Executive Officer

Director of Investor Relations

Phone: (303) 979-6666

Phone: (303) 973-8585

Email: Dave@EMXroyalty.com

Email:SClose@EMXroyalty.com

Neither the TSX Venture Exchange nor its Regulation Services

Provider (as that term is defined in policies of the TSX Venture Exchange)

accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking StatementsThis news

release may contain forward looking statements that reflect the Companys

current expectations and projections about its future results. These

forward-looking statements may include statements regarding perceived merit of

properties, exploration results and budgets, mineral reserves and resource

estimates, work programs, capital expenditures, timelines, strategic plans,

market prices for precious and base metal, or other statements that are not

statements of fact. When used in this news release, words such as estimate,

intend, expect, anticipate, will, believe, potential and similar

expressions are intended to identify forward-looking statements, which, by their

very nature, are not guarantees of the Companys future operational or financial

performance, and are subject to risks and uncertainties and other factors that

could cause the Companys actual results, performance, prospects or

opportunities to differ materially from those expressed in, or implied by, these

forward-looking statements. These risks, uncertainties and factors may include,

but are not limited to: unavailability of financing, failure to identify

commercially viable mineral reserves, fluctuations in the market valuation for

commodities, difficulties in obtaining required approvals for the development of

a mineral project, increased regulatory compliance costs, expectations of

project funding by joint venture partners and other factors.

Readers are cautioned not to place undue reliance on these

forward-looking statements, which speak only as of the date of this news release

or as of the date otherwise specifically indicated herein. Due to risks and

uncertainties, including the risks and uncertainties identified in this news

release, and other risk factors and forward-looking statements listed in the

Companys MD&A for the quarter ended September 30, 2018 (the MD&A),

and the most recently filed Form 20-F for the year ended December 31,

2017, actual events may differ materially from current expectations. More

information about the Company, including the MD&A, the 20-F and financial

statements of the Company, is available on SEDAR atwww.sedar.comand on the SECs EDGAR website atwww.sec.gov.

Suite 501 543 Granville Street, Vancouver,

British Columbia V6C 1X8, Canada

Tel: (604) 688-6390 Fax: (604) 688-1157

www.EMXroyalty.com

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AEP projects and RSA AOI (Arizona, Utah, and New Mexico) with South32.

Suite 501 – 543 Granville Street, Vancouver, British Columbia V6C 1X8, Canada

Tel: (604) 688-6390 Fax: (604) 688-1157

www.EMXroyalty.com