The TSX Venture Exchange has accepted for filing a letter of intent dated Dec. 2, 2019, between Cliff ZZ LLC and Ely Gold Royalties Inc.'s subsidiary, Nevada Select Royalty Inc., whereby the company will purchase 75 patented mining claims located in Esmeralda and Nye counties in Nevada. In consideration, the company will pay to Cliff a cash payment of $650,000 (U.S.) and the issuance of 600,000 warrants exercisable at 78 cents per share for two years.