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Ely Gold Royalties Inc.: Ely Gold Royalties Increases Royalty & Lease Interest in the Hog Ranch Property, Nevada Vancouver, British Columbia (Newsfile Corp. - February 10, 2021) - Ely Gold Royalties Inc. ( TSXV: ELY) Ely Gold ), it has entered into a binding term sheet (the Term Sheet ) to acquire an additional 25% interest in its Hog Ranch Property ( Hog Ranch ) located in Washoe County, Nevada from Platoro West Incorporated, a Nevada Corporation ( Platoro West ). The additional interest in Hog Ranch will increase Ely s current net smelter returns royalty ( NSR ) from 1.5% to 2.25% and its interest in the leased mining claims (the Lease ) to 75.1%. Platoro West is wholly owned by William Sheriff, a director of the Company. Ely Gold purchased its current 50.1% Hog Ranch interest from Platoro West in 2017

United statesUnited kingdomWashoe countyJerritt canyonBritish columbiaJoanne jobinTrey wasserStephen kenwoodPlatoro west incorporatedVenture exchange the closingEly gold royalties incBritish columbia newsfile corpNevada corporation platoroNevada select royalty incVenture exchangeRegulation services provider