() () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () ()

Ely Gold Royalties October 1st Town Hall Investor Update

For those who missed the live event, this is a recording of Ely Gold's recent investor update Town Hall webinar originally held on October 1st, 2020. During the webinar, Trey Wasser, President, CEO and Director or Ely Gold Royalties, provides an update to investors on a number of fronts, including adding clarity and information regarding Ely Gold's recently announced proposed transaction to purchase the Watershed 1% NSR royalty from Santana Resources. The Watershed property surrounds the Cote gold project in Northern Ontario, Canada, which is currently in construction and is a joint venture between IAMGold and Sumitomo Metal Mining Company. Trey also provides updates on a number of Ely Gold's other key royalty assets, discusses peer valuation comparisons and opines on Ely Gold 's recent share price action amid the consolidation in gold prices. This discussion is then followed by a live question and answer session, where Trey answers a variety of questions from the audience on topics such as future plans for a dividend, the M&A space for royalty companies, and how Ely Gold might go about increasing their presence in the U.S. capital markets.

Ely Gold Royalties is a Nevada focused gold royalty company with 3 currently producing royalties and 8 other key assets that are expected to come into production by the end of 2023. The company also has a pipeline of 21 development assets. Ely Gold focuses its attention strictly on assets that are located within North America and have a clear path to production, a strategy that has worked well to date. Despite recent consolidation in the ELY share price that appears to be related to shorter-term weakness in gold prices overall after a strong run into the middle of Q3 2020, Ely has still shown incredibly strong share price growth over the last year and it has significantly outperformed many other gold royalty space peers as well as the price of gold itself.

Ely Gold Royalties currently trades on the Toronto Venture Exchange under the symbol ELY, on the OTCQX marketplace under the symbol ELYGF, and on the Frankfurt Exchange under the symbol I4U. For more information, you can visit their website at http://www.elygoldinc.com/