Gold Royalty Corp. and Ely Gold Royalties Inc. announced that they have entered into a definitive agreement (the “Agreement”), dated June 21, 2021, pursuant to which GRC will acquire all of the issued and outstanding common shares of Ely Gold (the “Ely Shares”) by way of a statutory plan of arrangement (the “Arrangement”) under the Business Corporations Act (British Columbia). Trey Wasser, CEO, President and Director of Ely Gold, will be joining New GRC’s board of directors.