Mr. Brendan Yurik reports

ELECTRIC ROYALTIES LTD. ANNOUNCES APPLICATION FOR WARRANT EXTENSION

Electric Royalties Ltd. has applied to the TSX Venture Exchange to extend the expiry date of an aggregate of 13,914,902 common share purchase warrants by one year from Jan. 15, 2027, to Jan. 15, 2028.

The warrants were issued pursuant to a private placement of the company announced on Dec. 9, 2024. Each warrant entitles the holder thereof to acquire one common share in the capital of the company at an exercise price of 25 cents per common share. All other terms of the warrants, including the exercise price, will remain unchanged. The warrant extension is subject to the approval of the TSX-V.

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: artificial intelligence, cars, rechargeable batteries, large-scale energy storage, renewable energy generation and other applications.

Artificial intelligence, electric vehicle sales, battery production capacity and renewable energy generation are expected to increase significantly over the next several years and, with them, demand for these targeted commodities. This creates an opportunity to invest in and acquire royalties over the mines and projects that may supply the materials needed for electrification and the energy transition.

Electric Royalties has a diversified portfolio of royalties in lithium, vanadium, manganese, tin, graphite, cobalt, nickel, zinc and copper. The company is focused predominantly on acquiring royalties on advanced-stage and operating projects to build a diversified portfolio in jurisdictions with low geopolitical risk, offering investors exposure to the commodities required to rebuild global infrastructure toward a decarbonized economy.

We seek Safe Harbor.