Electric Royalties Ltd. announced that the company has entered into a Letter of Intent with Perry English, Michael Kilbourne, 1544230 Ontario Inc. and Gravel Ridge Resources Ltd. (together, the Vendors), dated November 3, 2023, to acquire a portfolio of 126 lithium properties in Eastern Canada (the Transaction). This proposed acquisition comprises a land package of 126 properties totaling over 1,000,000 acres of highly-pro prospective lithium prospects in Eastern Canada - a region that could be the center of clean energy metals production for decades to come. This generates near-term cash flow while maintaining long-term upside via royalties on those assets.