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ELECTRIC ROYALTIES TO ACQUIRE 1% NSR ON RANA NICKEL PROJECT

Electric Royalties Ltd. (TSXV: ELEC) (“Electric Royalties” or the “Company”) is plleased to announce the signing of a letter of intent with Scandinavian Resource Holdings (“SRH”) and Global Energy Metals Corp. (TSX-V: GEMC) to acquire a 1% net smelter revenue royalty (the “1% NSR”) on four exploration licenses totaling 25 square kilometers in the Råna mafic-ultramafic intrusion in Northern Norway, including the past producing Bruvann Nickel mine (the “Rana Nickel Project” or “Rana”).

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