ELECTRIC ROYALTIES TO ACQUIRE 1% NSR ON SLEITAT TIN-SILVER PROJECT

Electric Royalties Ltd. (TSXV: ELEC) (“Electric Royalties” or the “Company”) is pleased to announce the signing of a binding letter of intent with a wholly-owned subsidiary of Cornish Metals Inc (TSXV: CUSN) (AIM: CUSN) to acquire a newly granted 1% Net Smelter Royalty (the “1% NSR”) on mining claims comprising core strategic tenure at the Sleitat Mountain Tin-Silver deposit in Southwestern Alaska (the “Sleitat Project” or “Sleitat”).