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Ely Gold Royalties Inc.: Ely Gold Royalties Announces Closing of Trenton Canyon Royalty Interest Ely Gold Royalties Inc. Ely Gold or the Nevada Select ) has signed a definitive agreement to purchase from a private individual (the Seller ), a 0.3% gross royalty, representing the Seller s 50% interest (the Seller s Interest ) in a total 0.6% gross royalty (the Trenton Canyon Royalty ). The terms provided in the definitive agreements have been amended from the terms the Company announced in a press release dated October 13, 2020 (the Amended TSXV ) (the The Amended Transaction Ely Gold will pay the Seller total consideration of US$325,000 (originally $US$300,000) to be comprised of US$175,000 in cash at signing and US$150,000 in cash to be paid on January 15, 2021 (the

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