ELECTRIC ROYALTIES ANNOUNCES C$500,000 DRAWDOWN UNDER CONVERTIBLE CREDIT FACILITY

Electric Royalties Ltd. (TSXV: ELEC) (OTCQB: ELECF) (“Electric Royalties” or the “Company”) is pleased to announce, further to its April 20, 2023 press release, that it has elected to draw down C$500,000 (the “Loan”) under the C$5,000,000 convertible credit facility with Gleason & Sons LLC (the “Lender”), which is controlled by a significant shareholder.