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ELECTRIC ROYALTIES TO ACQUIRE 1% NSR ON CANCET LITHIUM PROJECT IN ALL-SHARES TRANSACTION

Electric Royalties Ltd. (TSXV: ELEC) (“Electric Royalties” or the “Company”) is pleased to announce the signing of two royalty purchase and sale agreements to acquire, in the aggregate, a 1% Net Smelter Royalty (the “1% NSR”) on licenses comprising core strategic tenure at the Cancet Lithium Project situated in Quebec, Canada (the “Cancet Project” or “Cancet”), such transactions being with arm’s-length parties.