Ely Gold Royalties Inc. (TSXV: ELY) (OTCQX: ELYGF) ("Ely Gold” or the “Company") is pleased to announce that the Company, through its wholly owned subsidiary Nevada Select Royalty Inc (“Nevada Select”) has signed a binding term sheet purchase for a package of three net smelter returns (“NSR”) royalties from prospector Ken Snyder (“Snyder”) for US$350,000 cash (the “Transaction”). The royalty package includes a 0.33% NSR on the Sleeper Mine (the “Sleeper Royalty”), a 1.0% NSR on 38 unpatented mining claims in Pershing county Nevada (the “WR Royalty”) and a 1% NSR on 40 acres of fee ground in White Pine County, Nevada (the “Monte Cristo Royalty”). The Transaction is subject to final documentation and closing is expected to be September 15, 2020.
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Ely Gold Royalties Purchases Three Royalties from Nevada Prospector Ken Snyder
