Ely Gold Royalties Increases Royalty At Lincoln Hill

VANCOUVER - Ely Gold Royalties Inc. reported that it has entered into a binding letter agreement with a private individual whereby Ely Gold, through its wholly-owned subsidiary Nevada Select Royalty, Inc., a Nevada corporation, will acquire 100% of all rights and interests to an additional one percent (1.00%) net smelter returns royalty (NSR) on the Lincoln Hill Property, located in Pershing County, Nevada, operated by Coeur Mining Inc. Closing of the Transaction is subject to certain conditions precedent, including approval of the Transaction by the TSX-Venture Exchange. Closing is expected on or about September 1, 2020.