Electric Royalties Ltd. (TSXV:ELEC)(OTCQB:ELECF) ("Electric Royalties" or the "Company") is pleased to provide an asset update on its current royalty portfolio

Brendan Yurik, CEO of Electric Royalties,commented:"It's exciting to see the advancement of our portfolio with two new resource estimates announced during the last month along with continued drilling at two more projects. At our Cancet and Seymour Lake lithium royalties, we have seen very quick progress over the past year with nearly A$100 million raised by the operators and significant work programs completed since November 2021."

Highlights since the Company's previous update on June 16, 2022:

David Gaunt, P.Geo., a qualified person who is not independent of Electric Royalties, has reviewed and approved the technical information in this release.

About Electric Royalties Ltd. Electric Royalties is a royalty company established to take advantage of the demand for a wide range of commodities (lithium, vanadium, manganese, tin, graphite, cobalt, nickel, zinc and copper) that will benefit from the drive toward electrification of a variety of consumer products: cars, rechargeable batteries, large scale energy storage, renewable energy generation and other applications.

Electric vehicle sales, battery production capacity and renewable energy generation are slated to increase significantly over the next several years and with it, the demand for these targeted commodities. This creates a unique opportunity to invest in and acquire royalties over the mines and projects that will supply the materials needed to fuel the electric revolution.

Electric Royalties has a growing portfolio of 19 royalties, including one royalty that currently generates revenue. The Company is focused predominantly on acquiring royalties on advanced stage and operating projects to build a diversified portfolio located in jurisdictions with low geopolitical risk, which offers investors exposure to the clean energy transition via the underlying commodities required to rebuild the global infrastructure over the next several decades towards a decarbonized global economy.

For further information, please contact: Brendan Yurik CEO, Electric Royalties Ltd. Phone: (604) 364‐3540 Email: Brendan.yurik@electricroyalties.com www.electricroyalties.com

Scott Logan Renmark Financial Communications Inc. Phone: (416) 644-2020 or (212) 812-7680 Email: slogan@renmarkfinancial.com www.renmarkfinancial.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange), nor any other regulatory body or securities exchange platform, accepts responsibility for the adequacy or accuracy of this release.

Cautionary Statements Regarding Forward-Looking Information and Other Company Information This news release includes forward-looking information and forward-looking statements (collectively, "forward-looking information") with respect to the Company within the meaning of Canadian securities laws. This news release includes information regarding other companies and projects owned by such other companies in which the Company holds a royalty interest, based on previously disclosed public information disclosed by those companies and the Company is not responsible for the accuracy of that information, and that all information provided herein is subject to this Cautionary Statement Regarding Forward-Looking Information and Other Company Information.Forward looking information is typically identified by words such as: believe, expect, anticipate, intend, estimate, postulate and similar expressions, or are those, which, by their nature, refer to future events. This information represents predictions and actual events or results may differ materially. Forward-looking information may relate to the Company's future outlook and anticipated events and may include statements regarding the financial results, future financial position, expected growth of cash flows, business strategy, budgets, projected costs, projected capital expenditures, taxes, plans, objectives, industry trends and growth opportunities of the Company and the projects in which it holds royalty interests.

While management considers these assumptions to be reasonable, based on information available, they may prove to be incorrect. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company or these projects to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. These risks, uncertainties and other factors include, but are not limited to risks associated with general economic conditions; adverse industry events; marketing costs; loss of markets; future legislative and regulatory developments involving the renewable energy industry; inability to access sufficient capital from internal and external sources, and/or inability to access sufficient capital on favourable terms; the mining industry generally, the Covid-19 pandemic, recent market volatility, income tax and regulatory matters; the ability of the Company or the owners of these projects to implement their business strategies including expansion plans; competition; currency and interest rate fluctuations, and the other risks.

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 www.sedar.com and at otcmarkets.com.

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The increasing popularity of electric vehicles and the green energy movement has disrupted the transportation and power industry entirely. By 2050, over 17 countries announced 100 percent zero-emission vehicle targets or goals to phase out internal combustion engine vehicles.

Seeing these unprecedented trends in growth across the electric vehicle market means the demand for key raw materials used in the lithium-ion batteries needed to power these technological innovations could experience significant parallel growth. As prices for these raw commodities grow, market researchers predict more money investment opportunities coming into the sector. Especially for royalty companies with widespread exposure across the market, the investment upside could be significantly advantageous.

As a royalty company, Electric Royalties does not operate mines nor needs large and highly specialized teams to carry out their operations. Likewise, having a robust commodity portfolio helps to diversify investment and mitigate risk for investors and shareholders while leveraging exploration upside, revenue-driven business modelling and more. It currently has a growing portfolio of 19 royalties on assets located primarily in North America and Australia.

Unlike other royalty companies, Electric Royalties has an exceptionally robust nine commodity portfolio and a top management team that understands the ins and outs of how the royalty game works. “We’re creating new royalties where we make sure it’s gross revenue, covers the whole deposit and it’s drafted by us. At this point in time, we do this for a living. Ultimately, you’re going in, and you’re creating and adding some value to a group,” commented Electric Royalties CEO and director Brendan Yurik.

In May 2022, Electric Royalties closed a CAD$3.45 million marketed public offering with Cannacord Genuity Corp. (TSX:CF) as the lead agent and sole bookrunner. The offering was composed of 11,500,000 units at CAD$0.30 per unit. Net proceeds of the offering will fund potential future acquisitions of royalties and other interests.

Electric Royalties’ management team is an experienced group of executives and advisors with proven track records of success across multiple related industries like mining, finance and more. Together, their years of expertise primes the company for significant growth in line with the exponential growth forecast in the demand for clean energy metals globally.

This producing zinc asset hosts levels of annual production hovering 50,000 tons of zinc concentrate across a 15-year mine life.

Middle Tennessee zinc mines have produced over 2.7 billion pounds of zinc for over 50 years. The strategically positioned zinc mine leverages close proximity and association with Trafigura’s Clarksville smelter, the only primary zinc producer in the US.

In April 2022, Electric Royalties announced that the strong upward trend in the zinc price has significantly increased the Middle Tennessee Mine zinc royalty payments. The MTM zinc royalty is in a limited partnership with Electric Royalties owning a 25 percent of economic interest with the remaining 75 percent interest held by Sprott Streaming and Royalties Corp. From the time the MTM zinc royalty was acquired to March 31, 2022, the aggregate gross amount of royalty revenue accrued to MTM LP on a 100 percent basis is approximately US$1,158,000 and a total of US$289,000 is attributable to the company.

The Authier Lithium is a 0.5 percent gross revenue royalty and the project sits in close proximity to the only producing lithium mine in Canada about 45 kilometers northwest of Val d’Or and is operated by Sayona Lithium. It stands as a simple, near-surface deposit with resources defined in one spodumene-bearing pegmatite based on 31,000 metres of diamond drilling. Authier also leverages excellent infrastructure, including existing mining support services, environmentally-friendly low-cost hydroelectric power, gas and road networks.

On May 23, 2022, Sayona Mining Limited (ASX:SYA) announced a pre-feasibility study for its flagship North American Lithium Project in Québec, Canada which also integrated the Authier Lithium Project with the NAL operation into Sayona’s Abitibi

Lithium Hub. Sayona Mining plans to release an updated feasibility study for the Authier Project in Q2 2022.

The near-production Graphmada Large Flake Graphite Mining Complex is located in Eastern Madagascar and was in continuous production for 30 months prior to being placed in care and maintenance due to Covid-related restrictions put in place at the start of 2020. The operator Bass Metals has been using the down time to look at an expanded production case set to be released in the near future and recently increased its mineral resource by 41 percent to 20.2 million tonnes (Mt) of >90 percent large flake graphite. All mining and processing infrastructure, including roads, bridges, power, camp, tailings dams are in place, along with 40-year mining permits and 20-year landholder agreements. The complex sits adjacent to the main national highway and is110km to the country’s only deep-water port at Toamasina. The royalty is a 2.5 percent gross revenue royalty.

Greenwing Resources (ASX:GW1) completed its 3,268-metre drill program in Madagascar comprising 69 diamond holes, with results recording significant intercepts of graphite mineralization. The drill program has significantly expanded the mineralization footprint of the Graphmada Mineral Resource. Greenwing also plans to assess the need for further drilling to update resource confidence and test the mineralization laterally.

BISSETT CREEK IN PROXIMITY TO EV BATTERY MEGAFACTORIES (BY 2050). Source: Northern Graphite.

The Bissett Creek property sits between Ottawa and North Bay in Ontario, Canada. The feasibility stage asset has a potential annual production level of 33,200 tons with a mine life of approximately 21 years at a US$1,800 revenue per ton ratio.

Bissett Creek hosts open pit mining potential and has already seen significant bulk sampling, pilot plant testing and recoveries of over 92.4 percent graphite. The next steps include further exploration and production expansion of some of the highest large flake yields reported from any graphite project globally.

The Mont Sorcier property hosts a large-high-quality iron resource with significant and extractable vanadium in a top-tier mining jurisdiction.

Exceptionally low titanium content makes the deposit unique to other iron-titanium-vanadium deposits around the world. Low titanium in the deposit allows the iron ore and vanadium processing directly through a blast furnace for potential lower-cost operations and open-pit mining with a life of mine strip ratio of 0.89.

Glencore has entered into a long-term arrangement to support the development of the Mont Sorcier project and is assisting with raising capital to finalize feasibility studies.

Battery Hill is a historic resource that spans 1,228 hectares and leverages fast-tracked feasibility study stage potential. Kemetco currently has operations to develop and commercialize a flow sheet to produce a battery-grade manganese product for the growing electric vehicle and energy storage industries. The property leverages great highway access and transmission lines. Electric Royalties has early-mover potential with Battery Hill as there are no producing manganese mines in North America.

Royalty asset partner Manganese X Energy (TSXV:MN) published a preliminary economy assessment (PEA) showing significant gross revenue projections for the Battery Hill project of US$177 million per year over an initial forecast mine life of 47 years. Electric Royalties' 2% gross revenue royalty entitles the company to 2% of those gross revenues. The Battery Hill PEA forecasts robust economics and a short payback period for relatively low capital investment.

In early 2022, Manganese X Energy initiated discussions with potential strategic partners seeking high-purity manganese products and started the development of the pilot plant program for the Battery Hill manganese project. Manganese X intends to engage an engineering firm to design the work for its field pilot plant to demonstrate Manganese X’s proprietary process under near commercial-scale operating conditions incorporating a modular design. The pilot plant will use innovative solutions to produce high-purity manganese sulphate without the use of selenium.

For more information on Electric Royalties’ complete royalty portfolio, see its corporate presentation here https://www.electricroyalties.com/presentation

Brendan Yurik is the founder and CEO of Evenor Investments Ltd, a financial advisory group to junior mining companies for alternative financing, debt, equity and M&A with experience on over CAD$2 billion in mining financing transactions throughout his career. He has prior global experience as a research analyst as well as in business development and mining financial advisory roles with Endeavour Financial, Cambrian Mining Finance Ltd, Northern Vertex Mining Corp. and King & Bay West Management Corp.

Luqman Khan is also the CFO of RE Royalties Ltd, a renewable energy royalty company, involved in the acquisition of 86 royalties to date. He has been a financial reporting executive with over 20 years of professional experience in accountancy and business management. Additionally, Khan has served as CFO for several publicly listed TSX-V resource companies and previously with Ernst and Young in their assurance practice.

David is an economic geologist specializing in project assessment and resource estimation. His experience spans projects worldwide and includes roles with senior mining companies and junior exploration companies. He is a co-recipient of the PDAC’s Thayer Lindsley International Discovery Award.

Co-founder and Chairman of RE Royalties Ltd, a renewable energy royalty company, involved in the acquisition of 84 royalties to date. Over 25 years senior executive experience in corporate finance and mining with a global merger, financing, acquisition and divestiture track record of more than 50 transactions.

Founder and CEO of Otis Gold Corp (TSXV: OOO) and a current director of Excellon Resources, VR Resources and Alianza Minerals. Prior to Otis, was Founder and CEO of Magnum Uranium Corp and led its sale to Energy Fuels Inc. (TSX: EFR). In excess of 30 years’ experience in corporate finance, investment banking and business development.

Co-founding director of International Royalty Corp (sold for $800m to Royal Gold). More than 30 years of experience working internationally in business development roles with major and junior mining companies including formerly representing as Chairman of PDAC. Serves as a director of a number of public resource companies.

Stefan Gleason (the "Acquiror"), a private investor, today announced that he is filing another early warning report in connection with his acquisition of an additional 2% in outstanding shares of Electric Royalties Ltd. (TSXV:ELEC)(OTCQB:ELECF) ("Electric Royalties" or the "Company"), taking his stake in the Company above 13

On July 15, 2022, Acquiror purchased 216,000 Company shares via the OTCQB (at a cost of $55,821 CAD, or an average of $0.258 per share). Prior to July 15, the Acquiror held an aggregate of 11,597,928 Common Shares and 500,000 Warrant Shares, representing approximately 13.13% of the issued and outstanding Shares on an as converted and partially diluted basis. After the purchases on July 15, the Acquiror held 11,813,928 Common Shares and 500,000 Warrant shares, or 13.37% of the issued and outstanding Shares on an as converted and partially diluted basis

On July 5, 2022, the Acquiror filed an initial report filed under the early warning reporting rules of Canadian securities laws, disclosing that he beneficially owned or had control or direction over 9,848,729 Shares and 500,000 Warrants, representing approximately 11.24% of the Company's issued and outstanding Shares on an as converted and partially diluted basis. The Acquiror is filing a second early warning report because he has now accumulated more than 2% of the Company's issued and outstanding Shares since his initial filing on July 5, 2022.

"I am excited to increase even further my investment in this undervalued company which has the benefit of cash in the bank and a first-mover advantage in the battery metals royalty space," said Gleason. "Company management has demonstrated savvy, win-win deal making abilities and communicates transparently to shareholders and the markets about the company's ongoing progress. The future is bright for this business."

This early warning news release is issued under the early warning provisions of Canadian securities legislation, including National Instrument 62-104 - Take-Over Bids and Issuer Bids and National Instrument 62-103 - The Early Warning System and Related Take-Over Bid and Insider Reporting Issues. A copy of the Early Warning Report will be filed at www.sedar.com.

Electric Royalties Ltd. is located at 14th floor, 1040 West Georgia Street, Vancouver, B.C. V6E 4H1 Canada.

Stefan Gleason PO Box 49043, Charlotte, NC 28277 Tel: 208-577-2230 Email: stefan_gleason@yahoo.com

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Electric Royalties Ltd. (TSXV:ELEC)(OTCQB:ELECF) ("Electric Royalties" or the "Company") is pleased to announce that Manganese X Energy Corp. (TSXV: MN) has filed a Preliminary Economic Assessment ("PEA") of the Battery Hill manganese project ("Battery Hill") in New Brunswick, Canada, on SEDAR. Electric Royalties holds a 2% gross revenue royalty on Battery Hill, which is projected to have a 47-year operating mine life

Brendan Yurik, CEO of Electric Royalties,commented: "We congratulate our royalty asset partner Manganese X Energy on this milestone, which shows significant gross revenue projections for the Battery Hill project of US$177 million per year over an initial forecast mine life of 47 years. Electric Royalties' 2% gross revenue royalty entitles us to 2% of those gross revenues which, once in production, could present a source of significant cash flow to the Company moving forward. The Battery Hill PEA forecasts robust economics and a short payback period for a relatively low capital investment which bodes well for Manganese X Energy as it strives to become the first North American company to commercialize high purity, battery-quality manganese."

Highlights of the PEA (all dollar values are in US dollars unless otherwise stated)1:

HPMSM Market Price and Sensitivity

The Battery Hill project is located approximately 6 km northwest of the town of Woodstock and is accessible to the east via a new two-lane road that connects with Highway 560. The PEA mine plan assumes conventional open-pit mining using a contract mining equipment fleet at a total mining rate of 1.0 million tonnes per year to provide a mill feed of 365,000 tonnes per year, or 1,000 tonnes per day. The proposed process for Battery Hill manganese resources is a whole ore sulphuric acid slurry leach which is further treated to produce a crystalline manganese sulphate monohydrate product meeting all specifications for sale as a battery grade product.

The PEA is preliminary in nature; it includes Inferred Mineral Resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as Mineral Reserves, and there is no certainty that the preliminary economic assessment will be realized. Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability.

David Gaunt, P.Geo., a qualified person who is not independent of Electric Royalties, has reviewed and approved the technical information in this release.

Electric Royalties is a royalty company established to take advantage of the demand for a wide range of commodities (lithium, vanadium, manganese, tin, graphite, cobalt, nickel, zinc and copper) that will benefit from the drive toward electrification of a variety of consumer products: cars, rechargeable batteries, large scale energy storage, renewable energy generation and other applications.

Electric vehicle sales, battery production capacity and renewable energy generation are slated to increase significantly over the next several years and with it, the demand for these targeted commodities. This creates a unique opportunity to invest in and acquire royalties over the mines and projects that will supply the materials needed to fuel the electric revolution.

Electric Royalties has a growing portfolio of 19 royalties, including one royalty that currently generates revenue. The Company is focused predominantly on acquiring royalties on advanced stage and operating projects to build a diversified portfolio located in jurisdictions with low geopolitical risk, which offers investors exposure to the clean energy transition via the underlying commodities required to rebuild the global infrastructure over the next several decades towards a decarbonized global economy.

For further information, please contact: Brendan Yurik CEO, Electric Royalties Ltd. Phone: (604) 364‐3540 Email: Brendan.yurik@electricroyalties.com www.electricroyalties.com

Scott Logan Renmark Financial Communications Inc. Phone: (416) 644-2020 or (212) 812-7680 Email: slogan@renmarkfinancial.com www.renmarkfinancial.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange), nor any other regulatory body or securities exchange platform, accepts responsibility for the adequacy or accuracy of this release.

1 Technical report titled "NI 43-101 Technical Report on the Preliminary Economic Assessment of the Battery Hill Manganese Project, Woodstock, New Brunswick, Canada" with an effective date of May 12, 2022, available under Manganese X Energy Corp.'s profile on Sedar.com. The Mineral Resource (MR) within the mine plan includes Measured MR of 5.90 Mt grading 7.65% Mn, Indicated MR of 6.37 Mt grading 7.26% Mn and Inferred MR of 4.73 Mt grading 8.26% Mn at 3.3% Mn cut-off. Input assumptions to the pit shells that constrain the MR estimate include an HPMSM price of US$2,900/t, mine operating cost of $7.43/t, process operating cost of $110/t, G&A cost of $7.60/t, stockpile reclaim cost of $1.46/t, closure cost of $3.00/t, selling cost of US$65/t, process recovery of 78%, a gross metal royalty of 3% applied to the HPMSM produced, and a pit slope of 45°.

2 CPM Group generated a single weighted average forecast price of HPMSM (80% North America/20% Europe) for the 2029 to 2035 period of US$4,200/tonne. A risk managed base case scenario for the long-term period covering the LOM for the Project was provided at US$2,900/tonne HPMSM. Wood's QP considers the US$4,200/tonne HPMSM price as a reasonable basis for the upside sensitivity analysis of the Project economics.

Cautionary Statements Regarding Forward-Looking Information and Other Company Information

This news release includes forward-looking information and forward-looking statements (collectively, "forward-looking information") with respect to the Company within the meaning of Canadian securities laws. This news release includes information regarding other companies and projects owned by such other companies in which the Company holds a royalty interest, based on previously disclosed public information disclosed by those companies and the Company is not responsible for the accuracy of that information, and that all information provided herein is subject to this Cautionary Statement Regarding Forward-Looking Information and Other Company Information.Forward looking information is typically identified by words such as: believe, expect, anticipate, intend, estimate, postulate and similar expressions, or are those, which, by their nature, refer to future events. This information represents predictions and actual events or results may differ materially. Forward-looking information may relate to the Company's future outlook and anticipated events and may include statements regarding the financial results, future financial position, expected growth of cash flows, business strategy, budgets, projected costs, projected capital expenditures, taxes, plans, objectives, industry trends and growth opportunities of the Company and the projects in which it holds royalty interests.

While management considers these assumptions to be reasonable, based on information available, they may prove to be incorrect. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company or these projects to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. These risks, uncertainties and other factors include, but are not limited to risks associated with general economic conditions; adverse industry events; marketing costs; loss of markets; future legislative and regulatory developments involving the renewable energy industry; inability to access sufficient capital from internal and external sources, and/or inability to access sufficient capital on favourable terms; the mining industry generally, the Covid-19 pandemic, recent market volatility, income tax and regulatory matters; the ability of the Company or the owners of these projects to implement their business strategies including expansion plans; competition; currency and interest rate fluctuations, and the other risks.

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 www.sedar.com and at otcmarkets.com.

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Stefan Gleason (the "Acquiror"), a private investor, today announced that he is filing an early warning report in connection with his acquisition of shares of Electric Royalties Ltd. (TSXV:ELEC)(OTCQB:ELECF) ("Electric Royalties" or the "Company

On June 30, Acquiror purchased 1,138,750 Company shares via the OTCQB (at a cost of $223,717.71 CAD, or an average of $0.196 per share), taking his interest above the 10% reporting threshold. Prior to June 30, the Acquiror held an aggregate of 8,709,979 Shares and 500,000 Warrant Shares. The aggregate Shares and Warrants over which the Acquiror had beneficial ownership, control or direction represented approximately 9.99% of the issued and outstanding Shares on an as converted and partially diluted basis.

As of the date hereof, the Acquiror now beneficially owns or has control or direction over 9,848,729 Shares and 500,000 Warrants, representing approximately 11.24% of the issued and outstanding Shares on an as converted and partially diluted basis. This will be the initial report filed under the early warning reporting rules of Canadian securities laws by the Acquiror.

"I am pleased to increase investment in what I believe to be an undervalued company having the benefit of cash in the bank and a first-mover advantage in the electric metals royalty space," said Gleason. "Company management has demonstrated savvy, win-win deal making abilities and communicates transparently to shareholders and the markets about the company's ongoing progress. I expect to acquire additional shares over time."

This early warning news release is issued under the early warning provisions of Canadian securities legislation, including National Instrument 62-104 - Take-Over Bids and Issuer Bids and National Instrument 62-103 - The Early Warning System and Related Take-Over Bid and Insider Reporting Issues. A copy of the Early Warning Report will be filed at www.sedar.com.

Electric Royalties Ltd. is located at 14th floor, 1040 West Georgia Street, Vancouver, B.C. V6E 4H1 Canada.

For further information: Stefan Gleason PO Box 49043, Charlotte, NC 28277 Tel: 208-577-2230 Email: stefan_gleason@yahoo.com

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Electric Royalties Ltd. (TSXV:ELEC)(OTCQB:ELECF) ("Electric Royalties" or the "Company") is pleased to announce the signing of an agreement on June 27, 2022 to sell 1% of its existing 1.5% Net Smelter Royalty ("NSR") on the Seymour Lake Lithium Deposit in Ontario, Canada, to Lithium Royalty Corp. ("LRC"). For more information on the Seymour Lake Lithium Deposit, see Electric Royalties' news release on February 17, 2021

Brendan Yurik, CEO of Electric Royalties,commented: "The sale of part of our Seymour Lake royalty will unlock some of the value in our portfolio. The Company acquired the 1.5% NSR in 2021 for 3,000,000shares, prior to the substantial increase of the lithium price this past year1. This partial sale along with the cash from our recent financing will enable us to deploy capital into additional nearer-term production opportunities with a view to increasing cash flow. We believe our current valuation does not reflect the value of our royalty portfolio of 19 royalties acquired to date, with potential for promising cash flow over the next few years."

Acquisition Terms The Company will receive $4,000,000 cash consideration for selling two thirds of its 1.5% NSR ("NSR Interest"), being one-half of an aggregate 3.0% NSR ("Project NSR"), acquired from an arm's-length holder who originally acquired the NSR Interest, with the balance of the Project NSR held by Sandstorm Gold Ltd. Upon closing of the transaction, Electric Royalties will retain a 0.5% NSR on Seymour Lake.

Closing is expected around mid August 2022, and is subject to completion of due diligence and certain customary conditions.

About Electric Royalties Ltd. Electric Royalties is a royalty company established to take advantage of the demand for a wide range of commodities (lithium, vanadium, manganese, tin, graphite, cobalt, nickel, zinc and copper) that will benefit from the drive toward electrification of a variety of consumer products: cars, rechargeable batteries, large scale energy storage, renewable energy generation and other applications.

Electric vehicle sales, battery production capacity and renewable energy generation are slated to increase significantly over the next several years and with it, the demand for these targeted commodities. This creates a unique opportunity to invest in and acquire royalties over the mines and projects that will supply the materials needed to fuel the electric revolution.

Electric Royalties has a growing portfolio of 19 royalties, including one royalty that currently generates revenue. The Company is focused predominantly on acquiring royalties on advanced stage and operating projects to build a diversified portfolio located in jurisdictions with low geopolitical risk, which offers investors exposure to the clean energy transition via the underlying commodities required to rebuild the global infrastructure over the next several decades towards a decarbonized global economy.

For further information, please contact: Brendan Yurik CEO, Electric Royalties Ltd. Phone: (604) 364‐3540 Email: Brendan.yurik@electricroyalties.com www.electricroyalties.com

Scott Logan Renmark Financial Communications Inc. Phone: (416) 644-2020 or (212) 812-7680 Email: slogan@renmarkfinancial.com www.renmarkfinancial.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange), nor any other regulatory body or securities exchange platform, accepts responsibility for the adequacy or accuracy of this release.

1 https://tradingeconomics.com/commodity/lithium

Cautionary Statements Regarding Forward-Looking Information and Other Company Information This news release includes forward-looking information and forward-looking statements (collectively, "forward-looking information") with respect to the Company within the meaning of Canadian securities laws. This news release includes information regarding other companies and projects owned by such other companies in which the Company holds a royalty interest, based on previously disclosed public information disclosed by those companies and the Company is not responsible for the accuracy of that information, and that all information provided herein is subject to this Cautionary Statement Regarding Forward-Looking Information and Other Company Information.Forward-looking information is typically identified by words such as: believe, expect, anticipate, intend, estimate, postulate and similar expressions, or are those, which, by their nature, refer to future events. This information represents predictions and actual events or results may differ materially. Forward-looking information may relate to the Company's future outlook and anticipated events and may include statements regarding the financial results, future financial position, expected growth of cash flows, business strategy, budgets, projected costs, projected capital expenditures, taxes, plans, objectives, industry trends and growth opportunities of the Company and the projects in which it holds royalty interests.

While management considers these assumptions to be reasonable, based on information available, they may prove to be incorrect. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company or these projects to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. These risks, uncertainties and other factors include, but are not limited to risks associated with general economic conditions; adverse industry events; marketing costs; loss of markets; future legislative and regulatory developments involving the renewable energy industry; inability to access sufficient capital from internal and external sources, and/or inability to access sufficient capital on favourable terms; the mining industry generally, the Covid-19 pandemic, recent market volatility, income tax and regulatory matters; the ability of the Company or the owners of these projects to implement their business strategies including expansion plans; competition; currency and interest rate fluctuations, and the other risks.

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 www.sedar.com and at otcmarkets.com.

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Electric Royalties Ltd. (TSXV:ELEC) (OTCQB:ELECF) ("Electric Royalties" or the "Company") is pleased to provide an asset update on its current royalty portfolio

Brendan Yurik, CEO of Electric Royalties,commented: "A tremendous first half of 2022 has seen 24 exciting developments across 11 assets within our royalty portfolio. Drilling is underway at the high-grade copper-cobalt Millennium project in Australia with assays expected later this year. Drill results have been received on the promising Seymour Lake lithium project in Ontario and the operator has announced that a resource estimate is imminent. Metallurgical development milestones are being advanced at our Battery Hill manganese royalty as Manganese X Energy Corp. kicks off a pilot plant program after years of rigorous test work in partnership with Kemetco. Initial processing test results at the Cancet lithium project are promising, showcasing a fairly simple process and indicating potential to produce a 6% lithium spodumene concentrate suitable for the battery market. And lastly, Sayona Mining has been very busy as operator of our Authier lithium royalty, having raised over $150 million this past month alone and announcing a pre-feasibility study incorporating the Authier lithium project into a combined production scenario with the nearby North American Lithium mine, located 60 km north of Val-d'Or, Quebec.

"Investors are rightly concerned about ongoing inflation levels, but as a royalty company, we're protected from capital cost inflation as when the time comes to build mines, Electric Royalties has no required contribution to any inflated costs. We're also largely protected against mine operating cost inflation, other than treatment and smelting charges for net smelter royalties. The value of our royalties is directly proportional to the price of the metals we are targeting and prices have been rising steadily with lithium alone increasing substantially this past year."

Highlights since the Company's previous development update on May 11, 2022:

Global Energy Metals reported encouraging visual observations with copper oxide and/or sulphides noted in all holes and mineralization noted in all host rocks. Moreover, chalcopyrite and cobaltite have been observed within broad alteration halos not within the current resource envelope.

Phase 2 of the reverse circulation drill program in the North resource area, along with metallurgical and deeper diamond drilling in the South and Central resource areas, is scheduled mid June for approximately 1,600 metres. Metallurgical and deeper diamond drilling work is the first priority of the drill program, which will then expand into the northern parts of the Central resource area and some scoping of the Northern resource area. All drilling assay results are expected by late September, with metallurgical test work planned following the completion of Phase 2 drilling.

Results to date from Phase 1 drilling at North Aubry suggest continuous mineralization to depth and both the northern and down-dip extents of the pegmatite are open to further expansion. As a result of the Phase 1 drilling success at North Aubry, Green Technology Metals has commenced further step-out drilling to test the on-strike and down-dip potential of the pegmatites. Logging from these holes demonstrates host pegmatites occur a substantial distance down-dip from the nearest previous pegmatite intercept.

All announced results from the Phase 1 program are planned to be incorporated in an updated Mineral Resource estimate for Seymour Lake, which remains on track for completion during Q2 2022. Observations from the current, ongoing drill program indicate substantial potential upside to the Seymour Lake Mineral Resource estimate.

Phase 2 (Central Aubry zone) and Phase 3 (Pye prospect) diamond drilling at Seymour Lake are underway. There is currently no Mineral Resource estimate at either the Central Aubry zone or Pye prospect, with the existing Seymour Lake Mineral Resource estimate comprised solely of the North and South Aubry deposits. At Central Aubry, seven holes have been completed to date for approximately 1,292 metres. At the Pye prospect (located approximately 1 km east of the Aubry complex), six holes have been completed to date for approximately 1,383 metres. Results from the first five holes at Central Aubry and Pye did not include significant lithium intercepts. Initial drilling at Pye identified lithium-cesium-tantalum type pegmatites with geological continuity of over 250 metres and remains a target for further exploration. Drilling will continue at Pye and Central Aubry once the ground conditions improve sufficiently to allow rig movements.

David Gaunt, P.Geo., a qualified person who is not independent of Electric Royalties, has reviewed and approved the technical information in this release.

Electric Royalties is a royalty company established to take advantage of the demand for a wide range of commodities (lithium, vanadium, manganese, tin, graphite, cobalt, nickel, zinc and copper) that will benefit from the drive toward electrification of a variety of consumer products: cars, rechargeable batteries, large scale energy storage, renewable energy generation and other applications.

Electric vehicle sales, battery production capacity and renewable energy generation are slated to increase significantly over the next several years and with it, the demand for these targeted commodities. This creates a unique opportunity to invest in and acquire royalties over the mines and projects that will supply the materials needed to fuel the electric revolution.

Electric Royalties has a growing portfolio of 19 royalties, including one royalty that currently generates revenue. The Company is focused predominantly on acquiring royalties on advanced stage and operating projects to build a diversified portfolio located in jurisdictions with low geopolitical risk, which offers investors exposure to the clean energy transition via the underlying commodities required to rebuild the global infrastructure over the next several decades towards a decarbonized global economy.

For further information, please contact:

Brendan Yurik CEO, Electric Royalties Ltd. Phone: (604) 364‐3540 Email: Brendan.yurik@electricroyalties.com www.electricroyalties.com

Scott Logan Renmark Financial Communications Inc. Phone: (416) 644-2020 or (212) 812-7680 Email: slogan@renmarkfinancial.com www.renmarkfinancial.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange), nor any other regulatory body or securities exchange platform, accepts responsibility for the adequacy or accuracy of this release.

Cautionary Statements Regarding Forward-Looking Information and Other Company Information

This news release includes forward-looking information and forward-looking statements (collectively, "forward-looking information") with respect to the Company within the meaning of Canadian securities laws. This news release includes information regarding other companies and projects owned by such other companies in which the Company holds a royalty interest, based on previously disclosed public information disclosed by those companies and the Company is not responsible for the accuracy of that information, and that all information provided herein is subject to this Cautionary Statement Regarding Forward-Looking Information and Other Company Information.Forward looking information is typically identified by words such as: believe, expect, anticipate, intend, estimate, postulate and similar expressions, or are those, which, by their nature, refer to future events. This information represents predictions and actual events or results may differ materially. Forward-looking information may relate to the Company's future outlook and anticipated events and may include statements regarding the financial results, future financial position, expected growth of cash flows, business strategy, budgets, projected costs, projected capital expenditures, taxes, plans, objectives, industry trends and growth opportunities of the Company and the projects in which it holds royalty interests.

While management considers these assumptions to be reasonable, based on information available, they may prove to be incorrect. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company or these projects to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. These risks, uncertainties and other factors include, but are not limited to risks associated with general economic conditions; adverse industry events; marketing costs; loss of markets; future legislative and regulatory developments involving the renewable energy industry; inability to access sufficient capital from internal and external sources, and/or inability to access sufficient capital on favourable terms; the mining industry generally, the Covid-19 pandemic, recent market volatility, income tax and regulatory matters; the ability of the Company or the owners of these projects to implement their business strategies including expansion plans; competition; currency and interest rate fluctuations, and the other risks.

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 www.sedar.com and at otcmarkets.com.

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About Altech Chemicals Ltd: Altech Chemicals Limited (ASX:ATC) (FRA:A3Y) is aiming to become one of the world's leading suppliers of 99.99% (4N) high purity alumina (Al2O3) through the construction and operation of a 4,500tpa high purity alumina (HPA) processing plant at Johor, Malaysia. Feedstock for the plant will be sourced from the Company's 100%-owned kaolin deposit at Meckering, Western Australia and shipped to Malaysia. HPA is a high-value, high margin and highly demanded product as it is the critical ingredient required for the production of synthetic sapphire. Synthetic sapphire is used in the manufacture of substrates for LED lights, semiconductor wafers used in the electronics industry, and scratch-resistant sapphire glass used for wristwatch faces, optical windows and smartphone components. Increasingly HPA is used by lithium-ion battery manufacturers as the coating on the battery's separator, which improves performance, longevity and safety of the battery. With global HPA demand approximately 19,000t (2018), it is estimated that this demand will grow at a compound annual growth rate (CAGR) of 30% (2018-2028); by 2028 HPA market demand will be approximately 272,000t, driven by the increasing adoption of LEDs worldwide as well as the demand for HPA by lithium-ion battery manufacturers to serve the surging electric vehicle market.

Contact: Corporate Iggy Tan Managing Director Altech Chemicals Limited Tel: +61-8-6168-1555 Email: info@altechchemicals.com Shane Volk Company Secretary Altech Chemicals Limited Tel: +61-8-6168-1555 Email: info@altechchemicals.com Investor Relations (Europe) Kai Hoffmann Soar Financial Partners Tel: +49-69-175-548320 Email: hoffmann@soarfinancial.com

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Lomiko Metals (TSXV:LMR, OTC:LMRMF, FSE:DH8C) announced positive results on its initial metallurgical test programs at its La Loutre Graphite project in Quebec, and Lomiko Metals COO Gordana Slepcev is keen on advancing the project towards a pre-feasibility study.

“We have published the positive preliminary economic assessment (PEA) in July 2021. And we’ve done quite a bit of work to advance that project toward PFS. So we started with the infill program and drilled at 100 meters in the end zone. We're really happy to move it to a level 2 project with the infill drilling.”

Lomiko acquired approximately 14,255 hectares of mineral claims on six projects in the Laurentian region of Quebec and within First Nations territory. These new claims lie within a 100 km radius of the company’s flagship La Loutre graphite project. About 28 claims are directly contiguous to La Loutre, increasing the company’s claim package to 4,528 hectares.

Lomiko is currently undertaking several metallurgical studies to define the chemical and physical properties of La Loutre graphite concentrate. The studies aim to determine the upgrading potential of the graphite flotation concentrate for value-added processing and confirm the plant flowsheet to aid in the plant design for the Pre-Feasibility Study the Company will be looking to complete in 2023.

With the infill drilling and the metallurgical testing, Lomiko expects to confirm those results and create some samples that they can send to the companies for both battery production and industrial use.

“After we actually do the infill drilling and the resource estimate, we're going to upgrade our resources of 70 million tonnes of graphite for about 3 million pounds of graphite. Two thirds or about 46 million of those resources are inferred, so in order to move on with the feasibility study and really be considered as a serious development company, we really need to upgrade those resources.”

Watch the full interview of Lomiko Metals COO Gordana Slepcev above.

Disclaimer: This interview is sponsored by Lomiko Metals (TSXV:LMR, OTC:LMRMF, FSE:DH8C). This interview provides information which was sourced by the Investing News Network (INN) and approved by Lomiko Metals in order to help investors learn more about the company. Lomiko Metals is a client of INN. The company’s campaign fees pay for INN to create and update this interview.

INN does not provide investment advice and the information on this profile should not be considered a recommendation to buy or sell any security. INN does not endorse or recommend the business, products, services or securities of any company profiled.

The information contained here is for information purposes only and is not to be construed as an offer or solicitation for the sale or purchase of securities. Readers should conduct their own research for all information publicly available concerning the company. Prior to making any investment decision, it is recommended that readers consult directly with Lomiko Metals and seek advice from a qualified investment advisor.

This interview may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, receipt of property titles, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. The issuer relies upon litigation protection for forward-looking statements. Investing in companies comes with uncertainties as market values can fluctuate.

Lomiko Metals Inc. (TSXV: LMR) ("Lomiko Metals" or the "Company") announces the Company received TSX-V approval and has closed its private placement and issued 9,765,400 flow-through units (the "FT Units") at a price of $0.065 per FT Unit for aggregate gross proceeds of $634,751.

Each FT Unit consists of one common share that will qualify as a "flow-through share" within the meaning of the Income Tax Act (Canada) and the Taxation Act (Quebec) and one-half (1/2) of a common share purchase warrant (a "Warrant") with each whole Warrant exercisable at a price of $0.10 per share for a period of two years following closing.

The Company has paid cash finder's fees of $31,737.55 and will issue 580,182 non-transferable finder warrants.

The securities have now been issued having a hold period expiring November 26, 2022.

The Company intends to use the gross proceeds of the private placement to incur Canadian Exploration Expenses and "flow-through mining expenditures" as defined in the Income Tax Act (Canada) and the Taxation Act (Quebec) on the Company's Laurentides regional graphite exploration program and the Bourier Lithium property, which will be incurred on or before December 31, 2023, and renounced with an effective date no later than December 31, 2022 to the initial purchasers of FT Units in an aggregate amount not less than the gross proceeds from the sale of the FT Units.

Lomiko Metals has a new vision and a new strategy in new energy. Lomiko represents a company with a purpose: a people-first company where we can manifest a world of abundant renewable energy with Canadian and Quebec critical minerals for a solution in North America. Our goal is to create a new energy future in Canada where we will grow the critical minerals workforce, become a valued partner and neighbour with the communities in which we operate, and provide a secure and responsibly sourced supply of critical minerals. Lomiko is ECOLOGO certified.

The Company holds a 100% interest in its La Loutre graphite development in southern Quebec. The La Loutre project site is located within the Kitigan Zibi Anishinabeg (KZA) First Nations territory. The KZA First Nations are part of the Algonquin Nation and the KZA territory is situated within the Outaouais and Laurentides regions. Located 180 kilometres northwest of Montreal, the property consists of 1 large, continuous block with 76 minerals claims totaling 4,528 hectares (45.3 km2). Lomiko Metals published a Preliminary Economic Assessment ("PEA") on September 10, 2021 which indicated the project had a 15-year mine life producing per year 100,000 tonnes of the graphite concentrate at 95%Cg or a total of 1.5Mt of the graphite concentrate. This report was prepared as National Instrument 43-101 Technical Report for Lomiko Metals Inc. by Ausenco Engineering Canada Inc., Hemmera Envirochem Inc., Moose Mountain Technical Services, and Metpro Management Inc., collectively the Report Authors. The Bourier project site is located near Nemaska Lithium and Critical Elements south-east of the Eeyou Istchee James Bay territory in Quebec which consists of 203 claims, for a total ground position of 10,252.20 hectares (102.52 km2), in Canada's lithium triangle near the James Bay region of Quebec that has historically housed lithium deposits and mineralization trends.

Mr. Mike Petrina, Project Manager, a Qualified Person ("QP") under National Instrument 43-101 - Standards of Disclosure for Mineral Projects, has reviewed and approved the technical disclosure in this news release.

For more information on Lomiko Metals, review the website at www.lomiko.com, contact Belinda Labatte at 647-402-8379 or email: info@lomiko.com.

Cautionary Note Regarding Forward-Looking Information

This news release contains "forward-looking information" within the meaning of the applicable Canadian securities legislation that is based on expectations, estimates, projections and interpretations as at the date of this news release. The information in this news release about the Company; and any other information herein that is not a historical fact may be "forward-looking information" ("FLI"). All statements, other than statements of historical fact, are FLI and can be identified by the use of statements that include words such as "anticipates", "plans", "continues", "estimates", "expects", "may", "will", "projects", "predicts", "proposes", "potential", "target", "implement", "scheduled", "intends", "could", "might", "should", "believe" and similar words or expressions. FLI in this new release includes, but is not limited to: the Company's objective to become a responsible supplier of critical minerals, exploration of the Company's projects, including expected costs of exploration and timing to achieve certain milestones, including satisfactory completion of due diligence and ability to reach an agreement with third party owners in connection with projected acquisitions, timing for completion of exploration programs; the Company's ability to successfully fund, or remain fully funded for the implementation of its business strategy and for exploration of any of its projects (including from the capital markets); any anticipated impacts of COVID-19 on the Company's business objectives or projects, the Company's financial position or operations, and the expected timing of announcements in this regard. FLI involves known and unknown risks, assumptions and other factors that may cause actual results or performance to differ materially. This FLI reflects the Company's current views about future events, and while considered reasonable by the Company at this time, are inherently subject to significant uncertainties and contingencies. Accordingly, there can be no certainty that they will accurately reflect actual results. Assumptions upon which such FLI is based include, without limitation: potential of future acquisitions presently evaluated by the Company; current market for critical minerals; current technological trends; the business relationship between the Company, local communities and its business partners; ability to implement its business strategy and to fund, explore, advance and develop each of its projects, including results therefrom and timing thereof; the ability to operate in a safe and effective manner; uncertainties related to receiving and maintaining exploration, environmental and other permits or approvals in Quebec; any unforeseen impacts of COVID-19; impact of increasing competition in the mineral exploration business, including the Company's competitive position in the industry; general economic conditions, including in relation to currency controls and interest rate fluctuations.

The FLI contained in this news release are expressly qualified in their entirety by this cautionary statement, the "Forward-Looking Statements" section contained in the Company's most recent management's discussion and analysis (MD&A), which is available on SEDAR at www.sedar.com, and on the investor presentation on its website. All FLI in this news release are made as of the date of this news release. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update or revise any such forward-looking statements or forward-looking information contained herein to reflect new events or circumstances, except as may be required by applicable securities laws.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

On behalf of the Board, Belinda Labatte CEO and Director, Lomiko Metals Inc.

Kimberly Darlington Investor Relations, Lomiko Metals Inc. k.darlington@lomiko.com 514-771-3398

Click here to connect with Lomiko Metals Inc. (TSX.V: LMR) to receive an Investor Presentation

Lomiko Metals Inc. (TSX.V: LMR) ("Lomiko Metals" or the "Company") announces the Company has received conditional approval and will apply to the TSX Venture Exchange (the "Exchange") to close its non-brokered private placement (the "Private Placement") of 9,765,400 flow-through units (the "FT Units") at a price of $0.065 per FT Unit for aggregate gross proceeds of $634,751.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220721006067/en/

Figure 1 New Lomiko Claims in relation to La Loutre (Graphic: Business Wire)

Each FT Unit consists of one common share that will qualify as a "flow-through share" within the meaning of the Income Tax Act (Canada) and the Taxation Act (Québec) and one-half (1/2) of a common share purchase warrant (a "Warrant") with each whole Warrant exercisable at a price of $0.10 per share for a period of two years following closing.

Subject to regulatory approval, the Company will pay a cash finder's fees of $31,737.55 and issue 580,182 finder warrants (the "Finder's Warrants") to three parties. Each Finder's Warrant is non-transferable and exercisable at a price of $0.10 per share for a period of two years following closing.

Pursuant to applicable Canadian securities laws, all securities issued pursuant to this private placement are subject to a hold period of four months and one day. The private placement remains subject to the final approval of the TSX Venture Exchange.

The Company intends to use the gross proceeds of the private placement to incur Canadian Exploration Expenses and "flow-through mining expenditures" as defined in the Income Tax Act (Canada) and the Taxation Act (Québec) on the Company's Laurentides regional graphite exploration program and the Bourier Lithium property, which will be incurred on or before December 31, 2023, and renounced with an effective date no later than December 31, 2022 to the initial purchasers of FT Units in an aggregate amount not less than the gross proceeds from the sale of the FT Units.

CEO and Director Belinda Labatte commented: "We are pleased to secure Flow-Through Financing and applying the new critical minerals Flow Through credit in this financing which is pending further details and qualifications of the new credit announced in the 2022 budget. The Critical Minerals Exploration Tax Credit (CMETC) is a new tax credit proposed in budget 2022 on April 7, 2022. The 30% tax credit would be applicable to eligible expenses in the exploration of critical minerals in Canada aligned with the government's new critical mineral strategy. The announced critical mineral strategy and tax credit is important and directly aligned with our ongoing regional strategy to develop the natural flake graphite claims and to advance our Bourier lithium exploration program. At La Loutre we continue to advance our diamond drill program in the EV Zone, environmental baseline studies and metallurgical studies continue. This program will replicate commercial processing and purification steps to evaluate the performance of the La Loutre flake graphite in battery anode applications.

Regional Graphite Exploration Program in the Grenville Province

Lomiko has initiated helicopter-borne geophysical surveys on its six regional graphite properties for the purpose of data acquisition aiming to identify areas of prospective graphite mineralization for future field follow-up. The program will cover approximately 14,255 hectares of mineral claims, and 236 claims in total. These new claims lie within a 100 km radius of the Company's flagship La Loutre graphite and were previously announced on May 16, 2022. With this work, the Company aims to identify near surface conductors which will help guide the field work in the future and further define the regional prospectivity for natural flake graphite. Please refer to Figure 1 for details.

In addition, at the Company's Bourier prospect, Lomiko and Critical Elements Lithium Corporation (Operator) have commenced the 2022 field exploration program. The field program is expected to last four weeks. The lithium-tantalum-cesium anomalies are of particular interest because they represent an unprecedented discovery in the Bourier claim. This anomaly spans along a 2.5 km long NE-trending mica-rich white pegmatites system. Structural interpretation by GoldSpot suggest this lithium-tantalum-cesium trend may extend to the Lemare Li showing. Please refer to Figure 2 for details.

Lomiko Metals has a new vision and a new strategy in new energy. Lomiko represents a company with a purpose: a people-first company where we can manifest a world of abundant renewable energy with Canadian and Quebec critical minerals for a solution in North America. Our goal is to create a new energy future in Canada where we will grow the critical minerals workforce, become a valued partner and neighbour with the communities in which we operate, and provide a secure and responsibly sourced supply of critical minerals. Lomiko is ECOLOGO certified.

The Company holds a 100% interest in its La Loutre graphite development in southern Quebec. The La Loutre project site is located within the Kitigan Zibi Anishinabeg (KZA) First Nations territory. The KZA First Nations are part of the Algonquin Nation and the KZA territory is situated within the Outaouais and Laurentides regions.​ Located 180 kilometres northwest of Montreal, the property consists of 1 large, continuous block with 76 minerals claims totaling 4,528 hectares (45.3 km 2 ). Lomiko Metals published a Preliminary Economic Assessment ("PEA") on September 10, 2021 which indicated the project had a 15-year mine life producing per year 100,000 tonnes of the graphite concentrate at 95%Cg or a total of 1.5Mt of the graphite concentrate. This report was prepared as National Instrument 43-101 Technical Report for Lomiko Metals Inc. by Ausenco Engineering Canada Inc., Hemmera Envirochem Inc., Moose Mountain Technical Services, and Metpro Management Inc., collectively the Report Authors. The Bourier project site is located near Nemaska Lithium and Critical Elements south-east of the Eeyou Istchee James Bay territory in Quebec which consists of 203 claims, for a total ground position of 10,252.20 hectares (102.52 km2), in Canada's lithium triangle near the James Bay region of Quebec that has historically housed lithium deposits and mineralization trends.

Mr. Mike Petrina, Project Manager, a Qualified Person ("QP") under National Instrument 43-101 – Standards of Disclosure for Mineral Projects, has reviewed and approved the technical disclosure in this news release.

For more information on Lomiko Metals, review the website at www.lomiko.com , contact Belinda Labatte at 647-402-8379 or email: info@lomiko.com .

Cautionary Note Regarding Forward-Looking Information

This news release contains "forward-looking information" within the meaning of the applicable Canadian securities legislation that is based on expectations, estimates, projections and interpretations as at the date of this news release. The information in this news release about the Company; and any other information herein that is not a historical fact may be "forward-looking information" ("FLI"). All statements, other than statements of historical fact, are FLI and can be identified by the use of statements that include words such as "anticipates", "plans", "continues", "estimates", "expects", "may", "will", "projects", "predicts", "proposes", "potential", "target", "implement", "scheduled", "intends", "could", "might", "should", "believe" and similar words or expressions. FLI in this new release includes, but is not limited to: the Company's objective to become a responsible supplier of critical minerals, exploration of the Company's projects, including expected costs of exploration and timing to achieve certain milestones, including satisfactory completion of due diligence and ability to reach an agreement with third party owners in connection with projected acquisitions, timing for completion of exploration programs; the Company's ability to successfully fund, or remain fully funded for the implementation of its business strategy and for exploration of any of its projects (including from the capital markets); any anticipated impacts of COVID-19 on the Company's business objectives or projects, the Company's financial position or operations, and the expected timing of announcements in this regard. FLI involves known and unknown risks, assumptions and other factors that may cause actual results or performance to differ materially. This FLI reflects the Company's current views about future events, and while considered reasonable by the Company at this time, are inherently subject to significant uncertainties and contingencies. Accordingly, there can be no certainty that they will accurately reflect actual results. Assumptions upon which such FLI is based include, without limitation: potential of future acquisitions presently evaluated by the Company; current market for critical minerals; current technological trends; the business relationship between the Company, local communities and its business partners; ability to implement its business strategy and to fund, explore, advance and develop each of its projects, including results therefrom and timing thereof; the ability to operate in a safe and effective manner; uncertainties related to receiving and maintaining exploration, environmental and other permits or approvals in Quebec; any unforeseen impacts of COVID-19; impact of increasing competition in the mineral exploration business, including the Company's competitive position in the industry; general economic conditions, including in relation to currency controls and interest rate fluctuations.

The FLI contained in this news release are expressly qualified in their entirety by this cautionary statement, the "Forward-Looking Statements" section contained in the Company's most recent management's discussion and analysis (MD&A), which is available on SEDAR at www.sedar.com , and on the investor presentation on its website. All FLI in this news release are made as of the date of this news release. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update or revise any such forward-looking statements or forward-looking information contained herein to reflect new events or circumstances, except as may be required by applicable securities laws.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

On behalf of the Board, Belinda Labatte CEO and Director, Lomiko Metals Inc.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220721006067/en/

Kimberly Darlington Investor Relations, Lomiko Metals Inc. k.darlington@lomiko.com 514-771-3398

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Nouveau Monde Graphite Inc. ("NMG" or the "Company") ( NYSE: NMG , TSXV: NOU ) is pleased to announce the initial closing of the previously announced transactions contemplated under the investment agreement dated May 15, 2022 (the "Investment Agreement") between NMG and Mason Graphite Inc. ("Mason Graphite") (TSX-V: LLG) (OTCQX: MGPHF), with a view towards the development and operation of Mason Graphite's Lac Guéret property, based in Québec, Canada (the "Property").

Pursuant to the Investment Agreement, NMG has entered into an option and joint venture agreement (the "Option and JV Agreement") with Mason Graphite, pursuant to which the parties will collaborate to advance the Property, with a view to form a joint venture (the "Joint Venture"), and pursuant to which Mason Graphite will grant an option to NMG to acquire a 51% interest in the Property and other related assets (the "Option") to be exercisable by NMG, the whole subject to the conditions set forth in the Option and JV Agreement.

The entering into of the Option and JV Agreement, the granting of the Option and the formation of the Joint Venture, among other things, have been approved by 99.0% of Mason Graphite's common shares represented in person (or virtually) or by proxy at the special meeting of shareholders of Mason Graphite held on July 14, 2022.

Concurrently with the execution of the Option and JV Agreement, NMG and Mason Graphite have completed the private placement of 5.0 million common shares of Mason Graphite (the "Initial Shares") to NMG at a price of $0.50 per Initial Share for gross proceeds to Mason Graphite of $2.5 million. Mason Graphite intends to use the net proceeds from the sale of the Initial Shares to fund agreed expenses on the Property pursuant to the Option and JV Agreement. The Initial Shares will be subject to a four-month hold period pursuant to applicable securities laws.

For further information regarding the transactions contemplated in this press release, please refer to NMG's press release dated May 16, 2022 available under NMG's profile on SEDAR at www.sedar.com and on EDGAR www.sec.gov , and on NMG's website at: https://NMG.com/mason-investment/ .

NMG is striving to become a key contributor to the sustainable energy revolution. The Company is working towards developing a fully integrated source of carbon-neutral battery anode material in Québec, Canada for the growing lithium-ion and fuel cell markets. With low-cost operations and enviable ESG standards, NMG aspires to become a strategic supplier to the world's leading battery and automobile manufacturers, providing high-performing and reliable advanced materials while promoting sustainability and supply chain traceability. www.NMG.com

Mason Graphite is a Canadian corporation focused on the production and transformation of natural graphite. Its strategy includes the development of value-added products, notably for green technologies like transport electrification. The company also owns 100% of the rights to the Lac Guéret deposit, one of the richest graphite deposit in the world. The company is also the largest shareholder of Black Swan Graphene. For more information: www.masongraphite.com .

Subscribe to our news feed: https://NMG.com/investors/#news

Cautionary Statement Regarding Forward-Looking Information

This press release contains "forward-looking information" and "forward-looking statements" (collectively, "forward-looking information") within the meaning of Canadian and United States securities legislation. All information contained herein that is not clearly historical in nature including, but not limited to the statements describing the satisfaction of the conditions mentioned in the Option and JV Agreement and the anticipated timeline of such conditions, the exercise of the Option by NMG, the proposed formation of the Joint Venture, the intended development and operation of the Property, the potential commercialization of the products resulting from the Joint Venture, the potential entering into the proposed agreements attached as schedules to the Option and JV Agreement, the potential benefits of the proposed transactions, NMG's plans, objectives, expectations and intentions, and those statements which are discussed under the "About Nouveau Monde Graphite Inc." and "About Mason Graphite Inc." paragraphs and elsewhere in the press release which essentially describe NMG's and Mason Graphite's outlook and objectives constitute forward-looking information. Generally, such forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "estimates", "intends", "anticipates" or "does not anticipate", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved".

Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Mason Graphite to be materially different from those expressed or implied by such forward-looking information, including but not limited to: (i) the risks related to the formation of a joint venture, such as the Joint Venture with NMG, (ii) volatile stock price; (iii) the general global markets and economic conditions; (iv) the possibility of write-downs and impairments; (v) the risk associated with exploration, development and operations of mineral deposits; (vi) the risk associated with establishing title to mineral properties and assets; (vii) fluctuations in commodity prices; (viii) the risks associated with uninsurable risks arising during the course of exploration, development and production; (ix) competition faced by the Joint Venture in securing experienced personnel and financing; (x) access to adequate infrastructure to support mining, processing, development and exploration activities; (xi) the risks associated with changes in the mining regulatory regime governing the Joint Venture; (xii) the risks associated with the various environmental regulations the Joint Venture is subject to; (xiii) risks related to regulatory and permitting delays; (xvii) risks related to potential conflicts of interest; (xiv) the reliance on key personnel; (xv) liquidity risks; (xvi) the risk of potential dilution through the issuance of common shares; (xvii) the companies do not anticipate declaring dividends in the near term; (xviii) the risk of litigation; and (xix) risk management. There can be no assurance that forward-looking information will prove to be accurate. NMG disclaims any intention or obligation to update or revise any forward-looking information or to explain any material difference between subsequent actual events and such forward-looking information, except to the extent required by applicable law.

A further description of risks and uncertainties can be found in NMG's Annual Information Form dated March 22, 2022, including in the sections thereof captioned "Risk Factors", which is available on SEDAR at www.sedar.com and on EDGAR www.sec.gov .

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Further information regarding NMG is available in the SEDAR database ( www.sedar.com ) and, for United States readers, on EDGAR ( www.sec.gov ), as well as on NMG's website at: www.NMG.com .

View source version on businesswire.com: https://www.businesswire.com/news/home/20220719006180/en/

MEDIA Julie Paquet VP Communications & ESG Strategy +1-450-757-8905 #140 jpaquet@nmg.com

INVESTORS Marc Jasmin Director, Investor Relations +1-450-757-8905 #993 mjasmin@nmg.com

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Mason Graphite Inc. (" Mason Graphite " or the " Company ") (TSX-V: LLG) (OTCQX: MGPHF) today announced the initial closing of the previously announced transactions contemplated under the investment agreement dated May 15, 2022 (the " Investment Agreement ") between the Company and Nouveau Monde Graphite Inc. (" Nouveau Monde ") (NYSE: NMG) (TSX-V: NOU).

Pursuant to the Investment Agreement, Mason Graphite has entered into an option and joint venture agreement (the " OJV Agreement ") with Nouveau Monde. Concurrently with the execution of the OJV Agreement, Mason Graphite and Nouveau Monde have completed the private placement of 5.0 million common shares of the Company (the " Initial Shares ") to Nouveau Monde at a price of $0.50 per Inital Share for gross proceeds to the Company of $2.5 million. The Company intends to use the net proceeds from the sale of the Initial Shares to fund agreed expenses on the Lac Guéret property pursuant to the OJV Agreement. The Initial Shares will be subject to a four-month hold period pursuant to applicable securities laws.

A copy of the OJV Agreement will be made available under Mason Graphite's profile on SEDAR at www.sedar.com .

Mason Graphite is a Canadian corporation focused on the production and transformation of natural graphite. Its strategy includes the development of value-added products, notably for green technologies like transport electrification. The Company also owns 100% of the rights to the Lac Guéret deposit, one of the richest graphite deposits in the world. The Company is also the largest shareholder of Black Swan Graphene Inc., a Canadian private company focusing on the large-scale production and commercialization of patented high-performance and low-cost graphene products aimed at several industrial sectors, including concrete, polymers, Li-ion batteries and others. For more information: www.masongraphite.com .

Nouveau Monde is striving to become a key contributor to the sustainable energy revolution. The company is working toward developing a fully integrated source of carbon-neutral battery anode material in Québec, Canada, for the growing lithium-ion and fuel cell markets. With low-cost operations and enviable environmental, social and governance (ESG) standards, Nouveau Monde aspires to become a strategic supplier to the world's leading battery and automobile manufacturers, providing high-performing and reliable advanced materials while promoting sustainability and supply chain traceability. Nouveau Monde is listed on the NYSE under the symbol "NMG" and on the TSX-V under the symbol "NOU".

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Mason Graphite Inc. Paul Hardy, VP Corporate Development 1-416-844-7365 ext. 3030, phardy@masongraphite.com

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