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File: November 27 - Options.docx

News Release

Ely Gold - Stock Option Grant

November 27, 2014 Trading Symbol: ELY (TSX.V)

Ely Gold & Minerals Inc. ("Ely Gold") announces that a total of 900,000 stock options to purchase Ely Gold common shar
--->es have been granted to director and officers of the Company at an exercise price of $0.06 per share, expiring on Nove
--->mber 27, 2024.  The grant of options is subject to Exchange approval.
About Ely Gold
Ely Gold is focused on the acquisition and development of gold resources in North America.  Besides its interest in th
--->e Mt. Hamilton project in White Pine County, Nevada, the company also has a 100% interest in the Green Springs project
--->, 5 miles south of Mt. Hamilton. Ely Gold is traded on the TSX Venture Exchange ("ELY").  Additional information about
---> Ely Gold is available online at www.elygoldandminerals.com

On Behalf of the Board of Directors

Signed "Trey Wasser"
Trey Wasser, President & CEO

For further information, please contact Ely Gold & Minerals Inc. at 604-488-1104.
E-mail: trey@elygoldandminerals.com; Website: www.elygoldandminerals.com
 
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX 
--->Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release may contain f
--->orward-looking statements including but not limited to comments regarding the timing and content of upcoming work prog
--->rams, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looki
--->ng statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual res
--->ults may differ materially from those currently anticipated in such statements.