ELEC.V · 2022-04-13 12:00:00

Electric Royalties Provides Development Update ON Royalty Portfolio

Mergers & Acquisitions Royalties & Streams

ELECTRIC ROYALTIES PROVIDES

DEVELOPMENT UPDATE ON ROYALTY

PORTFOLIO

VANCOUVER, BC

April 13, 2022

/CNW/ - Electric Royalties Ltd. (TSXV: ELEC) (OTCQB: ELECF)

("Electric Royalties" or the "Company") is pleased to announce an asset update on its current royalty

portfolio.

Brendan Yurik

, CEO of Electric Royalties

, commented:

"We are pleased to close Q1 2022 with

significant progress at a number of projects in our rapidly growing royalty portfolio. In particular,

we have seen encouraging drill results announced for the Cancet (lithium), Seymour Lake

(lithium), Graphmada (graphite) and Mont Sorcier (vanadium) projects.

Additionally,

we are

eagerly awaiting the results of the upcoming PEA on the Battery Hill manganese project, which has

the potential to generate significant royalty revenues at such time as the project moves from

development into production. Following a successful resource update earlier in the year, testing

confirmed the suitability of

Authier

spodumene for conversion into lithium hydroxide, ahead of their

engineering studies incorporating

Authier

into a joint mine plan with Sayona Mining's recently

acquired Canada Lithium mine. Furthermore, we are keen to see continued progress at the

Graphmada mining complex as they work to complete a resource update as part of planning to

restart production, another potential source of near-term royalty revenues. We are expecting more

significant project updates on our royalty assets in 2022."

Recent highlights since the Company's previous development update on

March 2, 2022

Battery Hill Manganese Royalty –

Manganese X Energy Corp. (TSXV: MN) recently

commissioned a second manganese market report focused primarily on the North American

markets, which will provide timely market data to support the preparation of the Preliminary

Economic Assessment ("PEA") for the Battery Hill Project in

New Brunswick

. As a result of the

market report, the PEA is expected to be a more accurate reflection of the recent substantial

price increase of manganese

and will take into consideration the increase in demand for high-

purity manganese products (see MN news release dated

March 29, 2022

Authier Lithium Royalty –

Sayona Mining Limited (ASX:SYA; OTCQB:SYAXF) announced

confirmation of the quality of its

Authier

spodumene product, following

successful testing by leading lithium-ion battery innovator NOVONIX at its Battery Technology

Solutions laboratories in

Nova Scotia, Canada

(see SYA news release dated

April 4, 2022

). The

positive results show that the

Authier

product performs as well as competing commercially

available battery-grade lithium hydroxide.

Cancet Lithium Royalty

– Winsome Resources Limited (ASX: WR1) provided an update on

the 2,000-metre drilling campaign at the Cancet Project in

Quebec

. Large, visible spodumene

crystals have been observed in a thick zone of pegmatites encountered in the drill program, with

the first batch of samples undergoing assay at the SGS laboratory (see

WR1

news release

dated

March 29, 2022

). Results to date from the ongoing drilling campaign support data

gathered in previous drill campaigns and complement

WR1

's knowledge of the extent of the

pegmatite deposit. The campaign is on track to be completed by

mid-April 2022

Seymour Lake Lithium Royalty –

Green Technology Metals Limited (ASX:GT1) has

announced the Phase 1 drilling program at Seymour Lake that was designed to evaluate

potential along-strike and down-dip extensions of the North Aubry deposit, has now been

completed with 16 holes drilled for a total of 5,895 metres (see GT1 news release dated

March

17, 2022

). All holes in the Phase 1 program intersected pegmatite along strike and down dip

(see GT1 news release dated

March 8, 2022

). The intercepts returned solely from the upper

pegmatite at North Aubry range in thickness up to 42.7 metres, with the widest intervals located

in the northern extensions of the deposit. Both the northern and down-dip extents of the

pegmatite are wide open to further expansion. Phase 2 drilling at the Central Aubry zone has

now commenced. The Phase 2 program comprises a planned 31 holes for approximately 5,100

metres. Building on recent and highly encouraging geophysical survey and geological mapping

work, Phase 3 exploration drilling has also commenced at the Pye prospect, located

approximately 1 km east of the Aubry complex. An initial 26 holes are planned at Pye for

approximately 2,000 drilling metres.

Bissett Creek Graphite Royalty –

Northern Graphite Corporation (TSXV: NGC) announced on

March 9, 2022

, that Minviro Ltd. ("Minviro") has completed an update of its ISO-compliant Life

Cycle Assessment on the production of graphite concentrate and lithium-ion battery anode

material from the Bissett Creek deposit in central

Ontario

, including the benefits of an electric

mining fleet. Life Cycle Analysis is a cradle-to-gate study that assesses project impacts from

the point of resource extraction to the production of graphite concentrate. Minviro has estimated

that by using electricity from the

Ontario

grid to power both the mining fleet (rather than diesel)

and the processing plant (instead of using natural gas), the Global Warming Potential of the

Bissett Creek project could be reduced by approximately 80 per cent, from 2.2 kilograms of

carbon-dioxide-equivalent

per kg of graphite produced to 0.45 kilograms of carbon-dioxide-

equivalent ("CO

eq"). NGC commissioned Minviro's report to help guide the company in

developing a carbon neutral project. Additionally, Minviro benchmarked the potential carbon

footprint of Bissett Creek against the production of Chinese natural and synthetic graphite and

the upgrading into battery anode material. Specifically, Bissett Creek is estimated to have a

carbon footprint of 6.3 kg of CO

eq per kg of product compared to the carbon footprint of

Chinese CSPG

produced from natural graphite estimated at 16.8 kg of CO

eq and 17 kg of

eq if produced from synthetic graphite. The full report is available at

http://www.northerngraphite.com/project/bissett-creek-project/technical-info/

NGC

(see

NGC

news release dated

March 30, 2022

) summarized important developments in

the critical minerals industry in the Province of

Ontario

NGC

believes that

Bissett

Creek is the

most advanced critical minerals development project in

Ontario

and would greatly benefit from

these developments given its high margin, large flake characteristics and its proximity to

potential lithium-ion battery manufacturers.

In mid-March, the

Ontario

government announced the launch of a Critical Minerals Strategy,

setting a five-year roadmap to establish the province as a reliable global supplier of

responsibly sourced critical minerals. This strategy seeks to leverage

Ontario's

wealth of

raw materials, close proximity to manufacturing plants and markets, and green

hydroelectric power to facilitate the production of products with high ESG standards and

low carbon footprints.

March 23, 2002

, Stellantis and LG Energy Solution announced they will establish

Canada's

first ever large-scale production lithium-ion battery plant in

Windsor, Ontario

. The

new

Windsor

plant will require approximately 60,000 tonnes of natural graphite per year to

reach its projected production capacity of 45 gigawatt hours per year.

This news followed the announcement on

March 16, 2022

, that Honda will upgrade its

Alliston, Ontario

plant, with the 2023 Honda CR-V hybrid among the first models to be built.

Honda plans to sell only zero emission vehicles in

North America

by 2040 and it will

upgrade its other plants over the next 20 years.

LG Energy Solution announced on

March 23, 2022

, two new projects in

Michigan

, just

across the US border from

Ontario

. It is expanding its lithium-ion battery cell plant in

Holland, Michigan

and has a third joint venture with GM to build another cell plant in the

City

of Lansing

and

Delta County, Michigan

Bissett Creek is the nearest graphite deposit to these megafactories, which provide NGC

with a unique opportunity to deliver a secure, local, responsibly-sourced supply of graphite.

Graphmada Graphite Royalty

– Greenwing Resources (ASX:GW1) provided an update on its

drilling program at the Graphmada Graphite Mining Complex in

Madagascar

(see GW1 news

release dated

March 8, 2022

). Forty-three (43) diamond drill holes for a total of 1,715 metres

have been completed to date, representing a significant portion of the current diamond drilling

program. Drilling has recorded significant intercepts of graphite mineralization. The drilling

program continues with the goal of providing a Mineral Resource upgrade for Graphmada and

supporting studies to undertake large-scale mining and processing operations.

Mont Sorcier Vanadium Royalty

– Voyager Metals (TSXV: VONE) reported assay results for

the final six holes from its 2021 infill drill program of 42 holes totaling 15,178 metres at its Mont

Sorcier iron and vanadium project in

Chibougamau, Quebec

(see VONE news release dated

March 29, 2022

). The results are in line with previous results of drilling in 2018 and 2020.

VONE expects to provide an updated resource report in Q2 2022 to form a basis for the

ongoing Mont Sorcier Feasibility Study. The goal of the 2021 drill program was to upgrade a

sufficient portion of the current North Zone Inferred Mineral Resources to the Measured and

Indicated Categories to support a minimum 20-year mine life as the basis for a Feasibility

Study.

__________

Average manganese price in 2021 was US$5.36/dry metric tonne unit (dmtu); a recent closing price is approximately US$8.03/dmtu (44-46% Mn CIF China, Argus Metal prices,

April 7, 2022).

A term for describing different greenhouse gases in a common unit. For any quantity and type of greenhouse gas, CO

eq signifies the amount of CO

which would have the

equivalent global warming impact.

Coated Spherical Purified Graphite, a product manufactured from graphite concentrates.

David Gaunt

, P.Geo., a qualified person who is not independent of Electric Royalties, has reviewed

and approved the technical information in this release.

On Behalf of the Board of Directors,

Brendan Yurik

CEO

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 18 royalties, including one royalty that currently

generates revenue. 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 towards a

decarbonized global economy.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in

the policies of the TSX Venture Exchange), nor any other regulatory body or securities exchange

platform, accepts responsibility for the adequacy or accuracy of this release.

Cautionary Statements Regarding Forward-Looking Information and Other