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ELECTRIC ROYALTIES TO ACQUIRE 0.75% GRR ON PRODUCING TIN-TANTALUM MINE IN SPAIN

Electric Royalties Ltd. (TSXV: ELEC) (“Electric Royalties” or the “Company”) is pleased to announce the signing of an agreement with Strategic Minerals Europe Corp. (NEO: SNTA) (OTCQB: SNTAF) (“Strategic Minerals”) to acquire a newly granted 0.75% Gross Revenue Royalty(the “0.75% GRR”) on the producing Penouta tin-tantalum mine in Spain (the “Project” or “Penouta”) in exchange for a cash payment of C$1,000,000 and 500,000 common shares of Electric Royalties. In addition, the Company will have an option for a period of 7 months from closing to acquire an additional 0.75% GRR (the “0.75% Option GRR”) on Penouta in exchange for an additional cash payment of C$1,250,000. The royalty rates will be reduced to 0.5% respectively once certain minimum royalty payments have been made.


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