Ely Gold Royalties Closes Railroad-Pinion Royalty

VANCOUVER - Ely Gold Royalties Inc. closed the purchase of private mineral interests on over 8,000 acres of private fee ground in Elko County, Nevada. All the fee ground and the Mineral Interests are currently leased to Gold Standard Ventures Corp (GSV) and cover certain portions of GSV’s Railroad-Pinion Project currently being developed as a heap-leach mining operation (the “Lease”). The Lease provides for a combined 0.436% net smelter returns royalty (NSR) and annual lease payments. The Mineral Interests and Leases cover large portions of the Pinion, Dark Star, Jasperoid Wash deposits in the South Railroad Complex as well as portions of the POD and Bald Mountain zones in the North Railroad.