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ELECTRIC ROYALTIES RENEGOTIATES MTM ROYALTY ACQUISITION AND FINANCING PACKAGE

Electric Royalties Ltd. (TSXV: ELEC) (“Electric Royalties” or the “Company”) is pleased to announce that it has restructured the acquisition of the Globex portfolio of royalties (“Globex Portfolio”) (see Company news release dated March 10, 2021), and has revised the associated non-binding letter of intent (“LOI”) with Sprott Resource Streaming and Royalty Corp. (“Sprott Streaming”) (see Company news release dated April 15, 2021), to provide better value for shareholders.