Electric Royalties Ltd. provided the following update on its royalty portfolio. The resource at South Aubry stands at 2.0 Mt at 0.6% Li2 O using a 0.2% lithium oxide cut-off. Green Technology Metals used results from 47 drill holes over 15,210 meters (m) of drilling to estimate the updated mineral resource.

Green Technology Metals anticipates further growth to the resource as drilling continues at both the North and South Aubry deposits with a planned 58-hole program over 7,736 m. Electric Royalties is relying on the information provided by Green Technology Metals and is unable to verify the mineral resource estimate. Cerrado continues to advance the feasibility study and the environmental impact assessment. The feasibility study is targeted for completion in second half of 2024 after which the next phase of the financing process will commence, comprising a formal due diligence period before a final binding offer and documentation.

Chubb Lithium Project (2.0% Gross Metal Royalty) - On October 30, 2023, Burley Minerals Ltd. ("Burley") announced it has drilled four holes as part of an expected 3,000 to 4,000-m drilling program at the Chubb North prospect at the Chubb Project in Quebec, Canada. Diamond drill core assay results from the Chubb Central prospect have extended the known strike length of spodumene mineralization, while confirming continuity and consistency of the mineralized zone. This mineralized zone remains open to the north and south, and at depth.

New pegmatite intersections indicate potential for parallel repetitions, both west and east of the main dyke, supporting further exploration drilling. Electric Royalties is rely on the information provided by Burley and is unable to verify the reported geochemical and drill results. Penouta Tin-Tantalum Mine (1.5% Gross Revenue Royalty) - On November 13, 2023, Strategic Minerals Europe Corp.

provided an update on the provisional suspension of the section C permit for the Penouta Mine in Spain reported in its news release dated October 20, 2023. On October 23, 2023, Strategic submitted an appeal of the suspension to the Administrative Court of the High Court of Justice of Galicia. Strategic achieved record sales of 234 tonnes of concentrates and 158 tonnes of contained minerals, an increase of 23% for both figures compared to the same period in 2022.

Graphmada Graphite Mine (2.5% Net Smelter Royalty) - On October 26, 2023, Greenwing Resources Ltd. provided an update on the Graphmada Mining Complex in Madagascar. While under active care and maintenance since 2020, the plant and infrastructure have remained in good condition. The reader is referred to the Company's most recent filings on SEDAR as well as other information filed with the OTC Markets for a more complete discussion of all applicable risk factors and their potential effects, copies of which may be accessed through the Company's profile page at otc markets.