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ELECTRIC ROYALTIES CLOSES RANA NICKEL ROYALTY ACQUISITION

Electric Royalties Ltd. (TSXV: ELEC) (“Electric Royalties” or the “Company”) is pleased to announce closing of the previously announced Rana Nickel Royalty acquisition (see news releases dated October 19, 2021 and December 16, 2021) with Scandinavian Resource Holdings (“SRH”) and Global Energy Metals Corp. (TSX-V: GEMC) (“GEMC”) to acquire a 1% net smelter revenue royalty on the Rana nickel project (the “Rana Project” or “Rana”). The Rana Project comprises four exploration licenses totaling 25 square kilometers in the Råna mafic-ultramafic intrusion in Northern Norway, including the past producing Bruvann Nickel mine.

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