Mr. Brendan Yurik reports

ELECTIRC ROYALTIES ANNOUNCES APPOINTMENT OF NEW DIRECTOR

Electric Royalties Ltd. has appointed Stefan Gleason as a director of the company, effective Dec. 11, 2023.

Brendan Yurik, chief executive officer of Electric Royalties, commented: "We thank Stefan Gleason, our largest shareholder, for his ongoing commitment to Electric Royalties and belief in our business model, and welcome him to the board of directors. We are particularly excited about the prospect of leveraging his extensive business experience to further enhance and accelerate the growth of the company. We look forward to the valuable insights and contributions he will bring to the table."

Mr. Gleason commented: "I'm excited to join the Electric Royalties board and continue helping build out the company's portfolio of accretive royalty assets. I have high confidence in not only the ability of management to execute on its pipeline of royalty origination and acquisition opportunities but also in management's careful stewardship of shareholder interests.

"The royalty model is a superior, lower-risk way of investing in the resource space as compared to mining companies, and I'm encouraged that Electric Royalties still faces very little competition when deploying capital into production of these nine targeted battery metals."

Mr. Gleason is president, chief executive officer and majority shareholder of Money Metals Exchange LLC, a privately held company that is among the largest precious metals dealers and depositories in North America with over $1-billion in annual revenues. He is also managing director of Gleason & Sons LLC, a Charlotte, N.C.-based family limited liability company which holds and manages debt, equity and real estate investments. With past appearances on U.S. television networks such as CNN, FoxNews, Fox Business and CNBC, Mr. Gleason is also a regular columnist for Seeking Alpha and Investing.com and has been published by the Wall Street Journal, Newsweek, Mining.com and TheStreet, among other publications.

About Electric Royalties Ltd.

Electric Royalties is a royalty company established to take advantage of the demand for a wide range of commodities (lithium, vanadium, manganese, tin, graphite, cobalt, nickel, zinc and copper) that will benefit from the drive toward electrification of a variety of consumer products: cars, rechargeable batteries, large scale energy storage, renewable energy generation and other applications.

Electric vehicle sales, battery production capacity and renewable energy generation are slated to increase significantly over the next several years and with it, the demand for these targeted commodities. This creates a unique opportunity to invest in and acquire royalties over the mines and projects that will supply the materials needed to fuel the electric revolution.

Electric Royalties has a growing portfolio of 22 royalties. The company is focused predominantly on acquiring royalties on advanced stage and operating projects to build a diversified portfolio located in jurisdictions with low geopolitical risk, which offers investors exposure to the clean energy transition via the underlying commodities required to rebuild the global infrastructure over the next several decades toward a decarbonized global economy.

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