Electric Royalties Provides Six Updates on Its Lithium, Manganese, Vanadium, Nickel, Graphite and Tin Royalties

RESOLUTIONS PASSED BY SHAREHOLDERS AT RECENT SPECIAL MEETING

VANCOUVER, BC / ACCESSWIRE / April 2, 2024 / Electric Royalties Ltd. (TSXV:ELEC)(OTCQB:ELECF) ("Electric Royalties" or the "Company") is pleased to provide the following update on its royalty portfolio.

Brendan Yurik, CEO of Electric Royalties, commented: "It is an encouraging time for Electric Royalties and our shareholders as excellent progress is being made on several of our core holdings. Most prominently, at the Seymour Lake Lithium Project, information from the current drill program is being incorporated in the upcoming feasibility study, which we understand is expected to be complete in Q4 2024. The feasibility study milestone will position Seymour Lake as one of the most advanced lithium projects in Ontario. Similarly, at the Mont Sorcier Iron and Vanadium Project, continued positive metallurgical results will be used in the development of the project's flow sheet, which is an important component to its feasibility study, also expected at the end of 2024.

"We have many more royalties on assets with growth catalysts expected this year, plus the size of our portfolio is about to expand dramatically, pending the completion of the acquisition of a portfolio of 22 royalty agreements and 36 prospective lithium properties in Ontario, Canada, optioned to a variety of public and private companies, as first announced in November 2023.

"Related to this pending acquisition, we've now received shareholder approval to increase the existing credit facility on favourable terms with our largest shareholder Stefan Gleason who owns approximately 22% of the outstanding shares of the Company. The C$10 million credit facility will enable the Company to complete the acquisition currently underway and leverage opportunities in the market to pursue other accretive transactions in the near term."

Highlights since the Company's previous update on February 29, 2024:

• Seymour Lake Lithium Project (1.5% Net Smelter Royalty) - On February 28, 2024, Green Technology Metals Limited (ASX: GT1) ("Green Technology Metals") announced lithium assay results from the North and South Aubry deposits located at the Seymour Lake Project in Ontario, Canada. Green Technology Metals reported that drilling suggests strong continuity of lithium mineralization at the North Aubry deposit.