ELECTRIC ROYALTIES PROVIDES UPDATE ON AUTHIER LITHIUM ROYALTY

Electric Royalties Ltd. (TSXV: ELEC) (“Electric Royalties” or the “Company”) is pleased to announce that Sayona Mining Limited (ASX: SYA) (“Sayona”) has voluntarily submitted its Authier Lithium Project (or “Authier”) for an environmental impact assessment and review under the Québec Government’s ‘BAPE’ (Bureau d'audiences publiques en environnement) process. According to Sayona’s news release dated February 27, 2023, its request has been accepted by Québec’s Ministry of the Environment, the Fight Against Climate Change, Wildlife and Parks.