Durango, CO, United States
Durango, CO, United States

Fort Lewis College is a public liberal arts college located in Durango, Colorado.FLC is a member of the Council of Public Liberal Arts Colleges and is accredited by the Higher Learning Commission of the North Central Association of Colleges and Schools, with additional program-level accreditations in Accounting, Business Administration, Economics, and Marketing; Athletic Training; Chemistry; Engineering Physics; Music; and Teacher Education. The college offers 30 bachelor's degrees through its four academic units.Because of its unique origins as a military fort turned Indian boarding school turned state public school, Fort Lewis College also follows a 1911 mandate to provide a tuition-free education for qualified Native Americans. Fort Lewis College awards approximately 16 percent of the baccalaureate degrees earned by Native American students in the nation. In 2008, FLC was designated as one of six Native American-serving, non-tribal colleges by the U.S. Department of Education. Wikipedia.


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136-Year-Old Historic Railroad Partners with Paleontologists from Fort Lewis College and New Mexico Museum of Natural History & Science to Create a Fun, Memorable and Educational Dinosaur-Themed Adventure for the Entire Family


News Article | April 17, 2017
Site: www.prweb.com

LearnHowToBecome.org, a leading resource provider for higher education and career information, has released its list of the best colleges and universities in Colorado for 2017. 20 four-year schools made the list, with University of Denver, Regis University, Colorado School of Mines, University of Colorado—Colorado Springs and Colorado Colleges coming in with the highest scores. Of the 15 two-year schools that were also included, Aims Community College, Colorado Northwestern Community College, Trinidad State Junior College, Front Range Community College and Red Rocks Community College were the top five schools. A full list of schools is included below. “These schools have shown a commitment to preparing their students for success in college and beyond, with numbers to prove it,” said Wes Ricketts, senior vice president of LearnHowToBecome.org. “We measure data from each school, but also dig deeper into the success of alumni after college to find which colleges in Colorado truly are the best for students.” To be included on the “Best Colleges in Colorado” list, schools must be regionally accredited, not-for-profit institutions. Each college is also scored on additional data points including the number of career and academic resources, annual alumni earnings 10 years after entering college, financial aid availability, graduation rates and student/teacher ratios. Complete details on each college, their individual scores and the data and methodology used to determine the LearnHowToBecome.org “Best Colleges in Colorado” list, visit: Colorado’s Best Four-Year Colleges for 2017 include: Adams State University Colorado Christian University Colorado College Colorado Mesa University Colorado School of Mines Colorado State University-Fort Collins Colorado State University-Global Campus Colorado State University-Pueblo Fort Lewis College Johnson & Wales University-Denver Metropolitan State University of Denver Naropa University Regis University United States Air Force Academy University of Colorado Boulder University of Colorado Colorado Springs University of Colorado Denver University of Denver University of Northern Colorado Western State Colorado University Colorado’s Best Two-Year Colleges for 2017 include: Aims Community College Arapahoe Community College Colorado Northwestern Community College Community College of Aurora Community College of Denver Front Range Community College Lamar Community College Morgan Community College Northeastern Junior College Otero Junior College Pickens Technical College Pikes Peak Community College Pueblo Community College Red Rocks Community College Trinidad State Junior College ### About Us: LearnHowtoBecome.org was founded in 2013 to provide data and expert driven information about employment opportunities and the education needed to land the perfect career. Our materials cover a wide range of professions, industries and degree programs, and are designed for people who want to choose, change or advance their careers. We also provide helpful resources and guides that address social issues, financial aid and other special interest in higher education. Information from LearnHowtoBecome.org has proudly been featured by more than 700 educational institutions.


News Article | May 4, 2017
Site: marketersmedia.com

VANCOUVER, BC / ACCESSWIRE / May 4, 2017 / Ely Gold & Minerals Inc. (TSX-V: ELY) (OTC PINK: ELYGF) ("Ely Gold" or the "Company") is pleased to announce that it has entered into a definitive purchase and option agreement (the "Agreement") with Platoro West Incorporated ("Platoro West"), a privately held Nevada Corporation, and William Sheriff ( "Sheriff") to purchase Platoro West's portfolio of 14 highly prospective mineral properties in Nevada and the western United States (the "Properties"), a portfolio of 8 deeded royalties (the "Royalty Portfolio"), and legal and beneficial rights to geological information covering precious metals properties throughout the western United States (the "Data Base"). Sheriff is the legal and beneficial owner of 100% of the stock in Platoro West. In addition, Sheriff will be joining the Board of Directors of Ely Gold upon closing of the transaction (the "Closing"). The majority of the Properties are precious metal exploration projects in the most desirable gold trends in Nevada, with an additional two properties in New Mexico and one in Arizona. Four of the Nevada Properties are currently leased or optioned to third parties (the "Leases") and are being actively explored. The Leases are on precious metal properties with the exception of one tungsten-copper-silver asset. The Royalty Portfolio includes eight deeded royalties on precious metals properties in Nevada, currently being developed by third parties, with the exception of the Quartz Mountain property in eastern Oregon. Quartz Mountain is being developed by Alamos Gold Inc. The Data Base includes historic exploration and production data from Atlas Gold Mining Inc., UV Industries, Inc., USSRAM (U.S. Smelting and Refining and Mining Company) and Union Carbide Corporation. Most of the hard copy data has been scanned, cataloged and is held in over 600 filing cabinets. Closing is expected to take place on or about June 15, 2017 and is subject to TSX-V acceptance of a filing to be made by the Company. The Properties are mainly unpatented mining claims staked on Bureau of Land Management or U.S. Forest Service lands and, as such, have no existing royalties, work commitments or lease payments. After closing, the Company, through its wholly owned subsidiary, Nevada Select Royalty Inc. ("Nevada Select") will own 100% of 13 Properties, 50% of one of the Leases and 100% of the Royalty Portfolio. Ely Gold will also have the option to purchase 100% of nine additional properties and one additional leased property of Platoro West (collectively, the "Option Properties"). The Option Properties are subject to additional due diligence and the Company will have twelve months from Closing to include the Option Properties in the Agreement. Sheriff is an entrepreneur and visionary with over 30 years' experience in the minerals industry and the securities industry. Sheriff is the founder and Executive Chairman of Golden Predator Corp. Prior to founding Golden Predator Mining Corp., he was a pioneer in the uranium renaissance as co-founder and Chairman of Energy Metals Corp., and was responsible for compiling the largest domestic uranium resource base in US history before the company was acquired by Uranium One Corp. for $1.8 billion. Sheriff also serves as Chairman of enCore Energy Corp. Sheriff co-founded and previously served as Chairman of EMC Metals Corp., and as a Director of Western Lithium USA Inc., Uranium One Inc., Midway Gold Corp., Eurasian Minerals Inc., and Starcore International Mines Ltd. He was also a registered representative, holding positions with A.G. Edwards, Inc. and Mitchum Jones &Templeton, Inc., in addition to having had his own securities firm. Sheriff holds a B.Sc degree (Geology) from Fort Lewis College, Colorado and an MSc in Mining Geology from the University of Texas-El Paso. Under the terms of the Agreement, the Company will pay Platoro West a total purchase price of US$500,000 (the "Purchase Price"). The Purchase Price will be paid as to US$25,000 upon signing the Agreement, US$225,000 on Closing, and US$112,500 paid on the first and second anniversaries of Closing, together with a 5% per annum interest compounded quarterly from Closing. There is no additional payment for the Option Properties. Ely Gold will also issue 1,000,000 purchase warrants to Platoro West. Each warrant will be exercisable to purchase one Ely Gold share for CAN$.12 for two years from the Closing. The Agreement also provides for Sheriff to be appointed to the Company's Board of Directors and to be issued options, under Ely Gold's 2013 Stock Option Plan, to purchase 500,000 Ely Gold shares at Closing. "Combining this exceptional portfolio of Properties, Leases and the Royalty Portfolio with our current portfolio, while bringing Bill onto the team is a rare opportunity for Ely Gold. Combining our extensive geological data base with Bill's will create an incredible asset for property identification and development. The Properties contain numerous exploration opportunities that have been relatively idle since Bill has refocused his exploration efforts to the north. With Bill's knowledge and our combined geological data bases, we will capitalize on the untapped value of these assets by applying Ely Gold's cash and royalty generating business model. The Properties, leases and royalties are a perfect fit for us not only in physical location, but in further increasing our cash flow from lease or advance royalty payments," commented Trey Wasser, Ely's President and CEO. The President of Nevada Select, Jerry Baughman, stated, "Bill and I have competed for over 30 years as prospectors in Nevada. While we have partnered on deals from time to time, the opportunity to work with Bill and to combine our knowledge and our data bases will be of great benefit to Ely Gold shareholders." Sheriff added, "I am looking forward to combining all of our strengths to propel Ely Gold to the forefront of Nevada exploration and development. With the combined portfolio and this team's proven property acquisition and enhancement capability I believe we will be creating one of Nevada's preeminent mineral royalty and property generator." 121 unpatented mining claims in Esmeralda County, Nevada known as the Castle Black Rock Property ("Castle") currently leased to Columbus Gold Corporation ("Columbus") with a retained 2% NSR and annual advance minimum royalty payments. The Property is located approximately eight miles (13 km) south of Columbus' Eastside gold project. Gold mineralization at Castle is localized in a large east-northeast trending structural zone that parallels highway US 6 and which also contains the past producing Boss Gold Mine. The faults in the structural zone traverse the entire claim block and have limited drilling outside the known resource areas. The historic mineralization at Castle is covered by shallow alluvium, only 10-30 meters thick. Fifty percent of 247 unpatented mining claims in Washoe County, Nevada known as the Hog Ranch Property ("Hog Ranch") currently leased to Hog Ranch Minerals Inc. Hog Ranch is a large gold-bearing district that contains high-grade gold mineralization within quartz-adularia banded veins similar in age, texture and mineralogy to the veins at the Sleeper, Midas and Ivanhoe gold projects located in northern Nevada. Shallow disseminated or stock-work mineralization remains unexploited in and around all of the pits in addition to the relatively untested high grade feeder veins below the pits. 2% NSR on 7 unpatented mining claims on the interior of the Golden Sunrise Property currently operated by Eurasian Minerals, Inc. 2% NSR on one patented mining claim and 60 acres of deeded land, in Humboldt County Nevada, currently owned and operated by Barrick Gold Corporation. The deeded land lies along the Getchell fault and is on-strike with Barrick's Turquoise Ridge Mine. 2% NSR on the Antelope Springs Property in Pershing County, Nevada currently operated by Pershing Gold Corporation. 50% of a sliding scale NSR on the Tuscarora Property in Elko County, Nevada currently operated by Novo Resources Corp. 25% NSR on Quartz Mountain Project in Lake County, Oregon currently operated by Alamos Gold Inc. 2% gross revenue royalty on the Pilot Mountain Tungsten Project in Mineral County currently operated by Thor Mining PLC. 1.5% NSR on 23 Rose Claims in Pershing County, Nevada currently operated by Rye Patch Gold Corp. The Closing is subject to approval of the TSX-V and is expected on or before June 15, 2017. Stephen Kenwood, P. Geo, is director of the Company and a Qualified Person as defined by NI 43-101. Mr. Kenwood has reviewed and approved the technical information in this press release. Ely Gold is focused on developing recurring cash flow streams through the acquisition, consolidation, enhancement, and resale of highly prospective, un-encumbered North American precious metals properties. Ely's property development efforts maximize each property's potential for acquisition, while reserving significant royalty interests. Additional information about Ely Gold is available at the Company's website, at www.elygoldinc.com. On Behalf of the Board of Directors For further information, please contact: 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. This news release contains certain "forward-looking statements" within the meaning of such statements under applicable securities law. Forward-looking statements are frequently characterized by words such as "plan," "continue," "expect," "project," "intend," "believe," "anticipate," "estimate," "may," "will," "potential," "proposed," and other similar words, or statements that certain events or conditions "may" or "will" occur. This news release may contain forward-looking statements including but not limited to comments regarding the timing of the upcoming purchase of Properties, Royalty Portfolio and Data Base, appointment of Sheriff to the Board of Directors, option to purchase Option Properties, timing of the Closing and payment of purchase price, 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 Company is under no obligation, and expressly disclaims any intention or obligation, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable law. VANCOUVER, BC / ACCESSWIRE / May 4, 2017 / Ely Gold & Minerals Inc. (TSX-V: ELY) (OTC PINK: ELYGF) ("Ely Gold" or the "Company") is pleased to announce that it has entered into a definitive purchase and option agreement (the "Agreement") with Platoro West Incorporated ("Platoro West"), a privately held Nevada Corporation, and William Sheriff ( "Sheriff") to purchase Platoro West's portfolio of 14 highly prospective mineral properties in Nevada and the western United States (the "Properties"), a portfolio of 8 deeded royalties (the "Royalty Portfolio"), and legal and beneficial rights to geological information covering precious metals properties throughout the western United States (the "Data Base"). Sheriff is the legal and beneficial owner of 100% of the stock in Platoro West. In addition, Sheriff will be joining the Board of Directors of Ely Gold upon closing of the transaction (the "Closing"). The majority of the Properties are precious metal exploration projects in the most desirable gold trends in Nevada, with an additional two properties in New Mexico and one in Arizona. Four of the Nevada Properties are currently leased or optioned to third parties (the "Leases") and are being actively explored. The Leases are on precious metal properties with the exception of one tungsten-copper-silver asset. The Royalty Portfolio includes eight deeded royalties on precious metals properties in Nevada, currently being developed by third parties, with the exception of the Quartz Mountain property in eastern Oregon. Quartz Mountain is being developed by Alamos Gold Inc. The Data Base includes historic exploration and production data from Atlas Gold Mining Inc., UV Industries, Inc., USSRAM (U.S. Smelting and Refining and Mining Company) and Union Carbide Corporation. Most of the hard copy data has been scanned, cataloged and is held in over 600 filing cabinets. Closing is expected to take place on or about June 15, 2017 and is subject to TSX-V acceptance of a filing to be made by the Company. The Properties are mainly unpatented mining claims staked on Bureau of Land Management or U.S. Forest Service lands and, as such, have no existing royalties, work commitments or lease payments. After closing, the Company, through its wholly owned subsidiary, Nevada Select Royalty Inc. ("Nevada Select") will own 100% of 13 Properties, 50% of one of the Leases and 100% of the Royalty Portfolio. Ely Gold will also have the option to purchase 100% of nine additional properties and one additional leased property of Platoro West (collectively, the "Option Properties"). The Option Properties are subject to additional due diligence and the Company will have twelve months from Closing to include the Option Properties in the Agreement. Sheriff is an entrepreneur and visionary with over 30 years' experience in the minerals industry and the securities industry. Sheriff is the founder and Executive Chairman of Golden Predator Corp. Prior to founding Golden Predator Mining Corp., he was a pioneer in the uranium renaissance as co-founder and Chairman of Energy Metals Corp., and was responsible for compiling the largest domestic uranium resource base in US history before the company was acquired by Uranium One Corp. for $1.8 billion. Sheriff also serves as Chairman of enCore Energy Corp. Sheriff co-founded and previously served as Chairman of EMC Metals Corp., and as a Director of Western Lithium USA Inc., Uranium One Inc., Midway Gold Corp., Eurasian Minerals Inc., and Starcore International Mines Ltd. He was also a registered representative, holding positions with A.G. Edwards, Inc. and Mitchum Jones &Templeton, Inc., in addition to having had his own securities firm. Sheriff holds a B.Sc degree (Geology) from Fort Lewis College, Colorado and an MSc in Mining Geology from the University of Texas-El Paso. Under the terms of the Agreement, the Company will pay Platoro West a total purchase price of US$500,000 (the "Purchase Price"). The Purchase Price will be paid as to US$25,000 upon signing the Agreement, US$225,000 on Closing, and US$112,500 paid on the first and second anniversaries of Closing, together with a 5% per annum interest compounded quarterly from Closing. There is no additional payment for the Option Properties. Ely Gold will also issue 1,000,000 purchase warrants to Platoro West. Each warrant will be exercisable to purchase one Ely Gold share for CAN$.12 for two years from the Closing. The Agreement also provides for Sheriff to be appointed to the Company's Board of Directors and to be issued options, under Ely Gold's 2013 Stock Option Plan, to purchase 500,000 Ely Gold shares at Closing. "Combining this exceptional portfolio of Properties, Leases and the Royalty Portfolio with our current portfolio, while bringing Bill onto the team is a rare opportunity for Ely Gold. Combining our extensive geological data base with Bill's will create an incredible asset for property identification and development. The Properties contain numerous exploration opportunities that have been relatively idle since Bill has refocused his exploration efforts to the north. With Bill's knowledge and our combined geological data bases, we will capitalize on the untapped value of these assets by applying Ely Gold's cash and royalty generating business model. The Properties, leases and royalties are a perfect fit for us not only in physical location, but in further increasing our cash flow from lease or advance royalty payments," commented Trey Wasser, Ely's President and CEO. The President of Nevada Select, Jerry Baughman, stated, "Bill and I have competed for over 30 years as prospectors in Nevada. While we have partnered on deals from time to time, the opportunity to work with Bill and to combine our knowledge and our data bases will be of great benefit to Ely Gold shareholders." Sheriff added, "I am looking forward to combining all of our strengths to propel Ely Gold to the forefront of Nevada exploration and development. With the combined portfolio and this team's proven property acquisition and enhancement capability I believe we will be creating one of Nevada's preeminent mineral royalty and property generator." 121 unpatented mining claims in Esmeralda County, Nevada known as the Castle Black Rock Property ("Castle") currently leased to Columbus Gold Corporation ("Columbus") with a retained 2% NSR and annual advance minimum royalty payments. The Property is located approximately eight miles (13 km) south of Columbus' Eastside gold project. Gold mineralization at Castle is localized in a large east-northeast trending structural zone that parallels highway US 6 and which also contains the past producing Boss Gold Mine. The faults in the structural zone traverse the entire claim block and have limited drilling outside the known resource areas. The historic mineralization at Castle is covered by shallow alluvium, only 10-30 meters thick. Fifty percent of 247 unpatented mining claims in Washoe County, Nevada known as the Hog Ranch Property ("Hog Ranch") currently leased to Hog Ranch Minerals Inc. Hog Ranch is a large gold-bearing district that contains high-grade gold mineralization within quartz-adularia banded veins similar in age, texture and mineralogy to the veins at the Sleeper, Midas and Ivanhoe gold projects located in northern Nevada. Shallow disseminated or stock-work mineralization remains unexploited in and around all of the pits in addition to the relatively untested high grade feeder veins below the pits. 2% NSR on 7 unpatented mining claims on the interior of the Golden Sunrise Property currently operated by Eurasian Minerals, Inc. 2% NSR on one patented mining claim and 60 acres of deeded land, in Humboldt County Nevada, currently owned and operated by Barrick Gold Corporation. The deeded land lies along the Getchell fault and is on-strike with Barrick's Turquoise Ridge Mine. 2% NSR on the Antelope Springs Property in Pershing County, Nevada currently operated by Pershing Gold Corporation. 50% of a sliding scale NSR on the Tuscarora Property in Elko County, Nevada currently operated by Novo Resources Corp. 25% NSR on Quartz Mountain Project in Lake County, Oregon currently operated by Alamos Gold Inc. 2% gross revenue royalty on the Pilot Mountain Tungsten Project in Mineral County currently operated by Thor Mining PLC. 1.5% NSR on 23 Rose Claims in Pershing County, Nevada currently operated by Rye Patch Gold Corp. The Closing is subject to approval of the TSX-V and is expected on or before June 15, 2017. Stephen Kenwood, P. Geo, is director of the Company and a Qualified Person as defined by NI 43-101. Mr. Kenwood has reviewed and approved the technical information in this press release. Ely Gold is focused on developing recurring cash flow streams through the acquisition, consolidation, enhancement, and resale of highly prospective, un-encumbered North American precious metals properties. Ely's property development efforts maximize each property's potential for acquisition, while reserving significant royalty interests. Additional information about Ely Gold is available at the Company's website, at www.elygoldinc.com. On Behalf of the Board of Directors For further information, please contact: 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. This news release contains certain "forward-looking statements" within the meaning of such statements under applicable securities law. Forward-looking statements are frequently characterized by words such as "plan," "continue," "expect," "project," "intend," "believe," "anticipate," "estimate," "may," "will," "potential," "proposed," and other similar words, or statements that certain events or conditions "may" or "will" occur. This news release may contain forward-looking statements including but not limited to comments regarding the timing of the upcoming purchase of Properties, Royalty Portfolio and Data Base, appointment of Sheriff to the Board of Directors, option to purchase Option Properties, timing of the Closing and payment of purchase price, 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 Company is under no obligation, and expressly disclaims any intention or obligation, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable law.


News Article | May 4, 2017
Site: marketersmedia.com

VANCOUVER, BC / ACCESSWIRE / May 4, 2017 / Ely Gold & Minerals Inc. (TSX-V: ELY) (OTC PINK: ELYGF) ("Ely Gold" or the "Company") is pleased to announce that it has entered into a definitive purchase and option agreement (the "Agreement") with Platoro West Incorporated ("Platoro West"), a privately held Nevada Corporation, and William Sheriff ("Sheriff") to purchase Platoro West's portfolio of 14 highly prospective mineral properties in Nevada and the western United States (the "Properties"), a portfolio of 8 deeded royalties (the "Royalty Portfolio") and legal and beneficial rights to geological information covering precious metals properties throughout the western United States (the "Data Base"). Sheriff is the legal and beneficial owner of 100% of the stock in Platoro West. In addition, Sheriff will be joining the Board of Directors of Ely Gold upon closing of the transaction (the "Closing"). The majority of the Properties are precious metal exploration projects in the most desirable gold trends in Nevada, with an additional two properties in New Mexico and one in Arizona. Four of the Nevada Properties are currently leased or optioned to third parties (the "Leases") and are being actively explored. The Leases are precious metal properties, with the exception of one tungsten-copper-silver asset. The Royalty Portfolio includes eight deeded royalties on precious metals properties in Nevada, currently being developed by third parties, with the exception of the Quartz Mountain property in eastern Oregon. Quartz Mountain is being developed by Alamos Gold Inc. The Data Base includes historic exploration and production data from Atlas Gold Mining Inc., UV Industries, Inc., USSRAM (U.S. Smelting and Refining and Mining Company) and Union Carbide Corporation. Most of the hard copy data has been scanned, cataloged, and is held in over 600 filing cabinets. Closing is expected to take place on or about June 15, 2017 and is subject to TSX-V acceptance of a filing to be made by the Company. The Properties are mainly unpatented mining claims staked on Bureau of Land Management or U.S. Forest Service lands and, as such, have no existing royalties, work commitments or lease payments. After closing, the Company, through its wholly owned subsidiary, Nevada Select Royalty Inc. ("Nevada Select"), will own 100% of 13 Properties, 50% of one of the Leases, and 100% of the Royalty Portfolio. Ely Gold will also have the option to purchase 100% of nine additional properties and one additional leased property of Platoro West (collectively, the "Option Properties"). The Option Properties are subject to additional due diligence and the Company will have twelve months from Closing to include the Option Properties in the Agreement. Sheriff is an entrepreneur and visionary with over 30 years' experience in the minerals industry and the securities industry. Sheriff is the founder and Executive Chairman of Golden Predator Corp. Prior to founding Golden Predator Mining Corp., he was a pioneer in the uranium renaissance as co-founder and Chairman of Energy Metals Corp., and was responsible for compiling the largest domestic uranium resource base in US history before the company was acquired by Uranium One Corp. for $1.8 billion. Sheriff also serves as Chairman of enCore Energy Corp. Sheriff co-founded and previously served as Chairman of EMC Metals Corp., and as a Director of Western Lithium USA Inc., Uranium One Inc., Midway Gold Corp., Eurasian Minerals Inc. and Starcore International Mines Ltd. He was also a registered representative, holding positions with A.G. Edwards, Inc. and Mitchum Jones &Templeton, Inc., in addition to having had his own securities firm. Sheriff holds a B.Sc degree (Geology) from Fort Lewis College, Colorado and an MSc in Mining Geology from the University of Texas-El Paso. Under the terms of the Agreement, the Company will pay Platoro West a total purchase price of US$500,000 (the "Purchase Price"). The Purchase Price will be paid as to US$25,000 upon signing the Agreement, US$225,000 on Closing, and US$112,500 paid on the first and second anniversaries of Closing, together with a 5% per annum interest compounded quarterly from Closing. There is no additional payment for the Option Properties. Ely Gold will also issue 1,000,000 purchase warrants to Platoro West. Each warrant will be exercisable to purchase one Ely Gold share for CAN$.12 for two years from the Closing. The Agreement also provides for Sheriff to be appointed to the Company's Board of Directors and to be issued options, under Ely Gold's 2013 Stock Option Plan, to purchase 500,000 Ely Gold shares at Closing. "Combining this exceptional portfolio of Properties, Leases and the Royalty Portfolio with our current portfolio, while bringing Bill onto the team is a rare opportunity for Ely Gold. Combining our extensive geological data base with Bill's will create an incredible asset for property identification and development. The Properties contain numerous exploration opportunities that have been relatively idle since Bill has refocused his exploration efforts to the north. With Bill's knowledge and our combined geological data bases, we will capitalize on the untapped value of these assets by applying Ely Gold's cash and royalty generating business model. The Properties, leases and royalties are a perfect fit for us not only in physical location, but in further increasing our cash flow from lease or advance royalty payments," commented Trey Wasser, Ely's President and CEO. The President of Nevada Select, Jerry Baughman, stated, "Bill and I have competed for over 30 years as prospectors in Nevada. While we have partnered on deals from time to time, the opportunity to work with Bill and to combine our knowledge and our data bases will be of great benefit to Ely Gold shareholders." Sheriff added, "I am looking forward to combining all of our strengths to propel Ely Gold to the forefront of Nevada exploration and development. With the combined portfolio and this team's proven property acquisition and enhancement capability I believe we will be creating one of Nevada's preeminent mineral royalty and property generator." 121 unpatented mining claims in Esmeralda County, Nevada known as the Castle Black Rock Property ("Castle") currently leased to Columbus Gold Corporation ("Columbus") with a retained 2% NSR and annual advance minimum royalty payments. The Property is located approximately eight miles (13 km) south of Columbus' Eastside gold project. Gold mineralization at Castle is localized in a large east-northeast trending structural zone that parallels highway US 6 and which also contains the past producing Boss Gold Mine. The faults in the structural zone traverse the entire claim block and have limited drilling outside the known resource areas. The historic mineralization at Castle is covered by shallow alluvium, only 10-30 meters thick. Fifty percent of 247 unpatented mining claims in Washoe County, Nevada known as the Hog Ranch Property ("Hog Ranch") currently leased to Hog Ranch Minerals Inc. Hog Ranch is a large gold-bearing district that contains high-grade gold mineralization within quartz-adularia banded veins similar in age, texture and mineralogy to the veins at the Sleeper, Midas and Ivanhoe gold projects located in northern Nevada. Shallow disseminated or stock-work mineralization remains unexploited in and around all of the pits in addition to the relatively untested high grade feeder veins below the pits. 2% NSR on 7 unpatented mining claims on the interior of the Golden Sunrise Property currently operated by Eurasian Minerals, Inc. 2% NSR on one patented mining claim and 60 acres of deeded land, in Humboldt County Nevada, currently owned and operated by Barrick Gold Corporation. The deeded land lies along the Getchell fault and is on-strike with Barrick's Turquoise Ridge Mine. 2% NSR on the Antelope Springs Property in Pershing County, Nevada currently operated by Pershing Gold Corporation. 50% of a sliding scale NSR on the Tuscarora Property in Elko County, Nevada currently operated by Novo Resources Corp. 0.25% NSR on Quartz Mountain Project in Lake County, Oregon currently operated by Alamos Gold Inc. 2% gross revenue royalty on the Pilot Mountain Tungsten Project in Mineral County currently operated by Thor Mining PLC. 1.5% NSR on 23 Rose Claims in Pershing County, Nevada currently operated by Rye Patch Gold Corp. The Closing is subject to approval of the TSX-V and is expected on or before June 15, 2017. Stephen Kenwood, P. Geo, is director of the Company and a Qualified Person as defined by NI 43-101. Mr. Kenwood has reviewed and approved the technical information in this press release. Ely Gold is focused on developing recurring cash flow streams through the acquisition, consolidation, enhancement, and resale of highly prospective, un-encumbered North American precious metals properties. Ely's property development efforts maximize each property's potential for acquisition, while reserving significant royalty interests. Additional information about Ely Gold is available at the Company's website, at www.elygoldinc.com. On Behalf of the Board of Directors For further information, please contact: 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. This news release contains certain "forward-looking statements" within the meaning of such statements under applicable securities law. Forward-looking statements are frequently characterized by words such as "plan," "continue," "expect," "project," "intend," "believe," "anticipate," "estimate," "may," "will," "potential," "proposed," and other similar words, or statements that certain events or conditions "may" or "will" occur. This news release may contain forward-looking statements including but not limited to comments regarding the timing of the upcoming purchase of Properties, Royalty Portfolio and Data Base, appointment of Sheriff to the Board of Directors, option to purchase Option Properties, timing of the Closing and payment of purchase price, 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 Company is under no obligation, and expressly disclaims any intention or obligation, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable law. VANCOUVER, BC / ACCESSWIRE / May 4, 2017 / Ely Gold & Minerals Inc. (TSX-V: ELY) (OTC PINK: ELYGF) ("Ely Gold" or the "Company") is pleased to announce that it has entered into a definitive purchase and option agreement (the "Agreement") with Platoro West Incorporated ("Platoro West"), a privately held Nevada Corporation, and William Sheriff ("Sheriff") to purchase Platoro West's portfolio of 14 highly prospective mineral properties in Nevada and the western United States (the "Properties"), a portfolio of 8 deeded royalties (the "Royalty Portfolio") and legal and beneficial rights to geological information covering precious metals properties throughout the western United States (the "Data Base"). Sheriff is the legal and beneficial owner of 100% of the stock in Platoro West. In addition, Sheriff will be joining the Board of Directors of Ely Gold upon closing of the transaction (the "Closing"). The majority of the Properties are precious metal exploration projects in the most desirable gold trends in Nevada, with an additional two properties in New Mexico and one in Arizona. Four of the Nevada Properties are currently leased or optioned to third parties (the "Leases") and are being actively explored. The Leases are precious metal properties, with the exception of one tungsten-copper-silver asset. The Royalty Portfolio includes eight deeded royalties on precious metals properties in Nevada, currently being developed by third parties, with the exception of the Quartz Mountain property in eastern Oregon. Quartz Mountain is being developed by Alamos Gold Inc. The Data Base includes historic exploration and production data from Atlas Gold Mining Inc., UV Industries, Inc., USSRAM (U.S. Smelting and Refining and Mining Company) and Union Carbide Corporation. Most of the hard copy data has been scanned, cataloged, and is held in over 600 filing cabinets. Closing is expected to take place on or about June 15, 2017 and is subject to TSX-V acceptance of a filing to be made by the Company. The Properties are mainly unpatented mining claims staked on Bureau of Land Management or U.S. Forest Service lands and, as such, have no existing royalties, work commitments or lease payments. After closing, the Company, through its wholly owned subsidiary, Nevada Select Royalty Inc. ("Nevada Select"), will own 100% of 13 Properties, 50% of one of the Leases, and 100% of the Royalty Portfolio. Ely Gold will also have the option to purchase 100% of nine additional properties and one additional leased property of Platoro West (collectively, the "Option Properties"). The Option Properties are subject to additional due diligence and the Company will have twelve months from Closing to include the Option Properties in the Agreement. Sheriff is an entrepreneur and visionary with over 30 years' experience in the minerals industry and the securities industry. Sheriff is the founder and Executive Chairman of Golden Predator Corp. Prior to founding Golden Predator Mining Corp., he was a pioneer in the uranium renaissance as co-founder and Chairman of Energy Metals Corp., and was responsible for compiling the largest domestic uranium resource base in US history before the company was acquired by Uranium One Corp. for $1.8 billion. Sheriff also serves as Chairman of enCore Energy Corp. Sheriff co-founded and previously served as Chairman of EMC Metals Corp., and as a Director of Western Lithium USA Inc., Uranium One Inc., Midway Gold Corp., Eurasian Minerals Inc. and Starcore International Mines Ltd. He was also a registered representative, holding positions with A.G. Edwards, Inc. and Mitchum Jones &Templeton, Inc., in addition to having had his own securities firm. Sheriff holds a B.Sc degree (Geology) from Fort Lewis College, Colorado and an MSc in Mining Geology from the University of Texas-El Paso. Under the terms of the Agreement, the Company will pay Platoro West a total purchase price of US$500,000 (the "Purchase Price"). The Purchase Price will be paid as to US$25,000 upon signing the Agreement, US$225,000 on Closing, and US$112,500 paid on the first and second anniversaries of Closing, together with a 5% per annum interest compounded quarterly from Closing. There is no additional payment for the Option Properties. Ely Gold will also issue 1,000,000 purchase warrants to Platoro West. Each warrant will be exercisable to purchase one Ely Gold share for CAN$.12 for two years from the Closing. The Agreement also provides for Sheriff to be appointed to the Company's Board of Directors and to be issued options, under Ely Gold's 2013 Stock Option Plan, to purchase 500,000 Ely Gold shares at Closing. "Combining this exceptional portfolio of Properties, Leases and the Royalty Portfolio with our current portfolio, while bringing Bill onto the team is a rare opportunity for Ely Gold. Combining our extensive geological data base with Bill's will create an incredible asset for property identification and development. The Properties contain numerous exploration opportunities that have been relatively idle since Bill has refocused his exploration efforts to the north. With Bill's knowledge and our combined geological data bases, we will capitalize on the untapped value of these assets by applying Ely Gold's cash and royalty generating business model. The Properties, leases and royalties are a perfect fit for us not only in physical location, but in further increasing our cash flow from lease or advance royalty payments," commented Trey Wasser, Ely's President and CEO. The President of Nevada Select, Jerry Baughman, stated, "Bill and I have competed for over 30 years as prospectors in Nevada. While we have partnered on deals from time to time, the opportunity to work with Bill and to combine our knowledge and our data bases will be of great benefit to Ely Gold shareholders." Sheriff added, "I am looking forward to combining all of our strengths to propel Ely Gold to the forefront of Nevada exploration and development. With the combined portfolio and this team's proven property acquisition and enhancement capability I believe we will be creating one of Nevada's preeminent mineral royalty and property generator." 121 unpatented mining claims in Esmeralda County, Nevada known as the Castle Black Rock Property ("Castle") currently leased to Columbus Gold Corporation ("Columbus") with a retained 2% NSR and annual advance minimum royalty payments. The Property is located approximately eight miles (13 km) south of Columbus' Eastside gold project. Gold mineralization at Castle is localized in a large east-northeast trending structural zone that parallels highway US 6 and which also contains the past producing Boss Gold Mine. The faults in the structural zone traverse the entire claim block and have limited drilling outside the known resource areas. The historic mineralization at Castle is covered by shallow alluvium, only 10-30 meters thick. Fifty percent of 247 unpatented mining claims in Washoe County, Nevada known as the Hog Ranch Property ("Hog Ranch") currently leased to Hog Ranch Minerals Inc. Hog Ranch is a large gold-bearing district that contains high-grade gold mineralization within quartz-adularia banded veins similar in age, texture and mineralogy to the veins at the Sleeper, Midas and Ivanhoe gold projects located in northern Nevada. Shallow disseminated or stock-work mineralization remains unexploited in and around all of the pits in addition to the relatively untested high grade feeder veins below the pits. 2% NSR on 7 unpatented mining claims on the interior of the Golden Sunrise Property currently operated by Eurasian Minerals, Inc. 2% NSR on one patented mining claim and 60 acres of deeded land, in Humboldt County Nevada, currently owned and operated by Barrick Gold Corporation. The deeded land lies along the Getchell fault and is on-strike with Barrick's Turquoise Ridge Mine. 2% NSR on the Antelope Springs Property in Pershing County, Nevada currently operated by Pershing Gold Corporation. 50% of a sliding scale NSR on the Tuscarora Property in Elko County, Nevada currently operated by Novo Resources Corp. 0.25% NSR on Quartz Mountain Project in Lake County, Oregon currently operated by Alamos Gold Inc. 2% gross revenue royalty on the Pilot Mountain Tungsten Project in Mineral County currently operated by Thor Mining PLC. 1.5% NSR on 23 Rose Claims in Pershing County, Nevada currently operated by Rye Patch Gold Corp. The Closing is subject to approval of the TSX-V and is expected on or before June 15, 2017. Stephen Kenwood, P. Geo, is director of the Company and a Qualified Person as defined by NI 43-101. Mr. Kenwood has reviewed and approved the technical information in this press release. Ely Gold is focused on developing recurring cash flow streams through the acquisition, consolidation, enhancement, and resale of highly prospective, un-encumbered North American precious metals properties. Ely's property development efforts maximize each property's potential for acquisition, while reserving significant royalty interests. Additional information about Ely Gold is available at the Company's website, at www.elygoldinc.com. On Behalf of the Board of Directors For further information, please contact: 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. This news release contains certain "forward-looking statements" within the meaning of such statements under applicable securities law. Forward-looking statements are frequently characterized by words such as "plan," "continue," "expect," "project," "intend," "believe," "anticipate," "estimate," "may," "will," "potential," "proposed," and other similar words, or statements that certain events or conditions "may" or "will" occur. This news release may contain forward-looking statements including but not limited to comments regarding the timing of the upcoming purchase of Properties, Royalty Portfolio and Data Base, appointment of Sheriff to the Board of Directors, option to purchase Option Properties, timing of the Closing and payment of purchase price, 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 Company is under no obligation, and expressly disclaims any intention or obligation, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable law.


News Article | May 4, 2017
Site: www.accesswire.com

VANCOUVER, BC / ACCESSWIRE / May 4, 2017 / Ely Gold & Minerals Inc. (TSX-V: ELY) (OTC PINK: ELYGF) ("Ely Gold" or the "Company") is pleased to announce that it has entered into a definitive purchase and option agreement (the "Agreement") with Platoro West Incorporated ("Platoro West"), a privately held Nevada Corporation, and William Sheriff ( "Sheriff") to purchase Platoro West's portfolio of 14 highly prospective mineral properties in Nevada and the western United States (the "Properties"), a portfolio of 8 deeded royalties (the "Royalty Portfolio"), and legal and beneficial rights to geological information covering precious metals properties throughout the western United States (the "Data Base"). Sheriff is the legal and beneficial owner of 100% of the stock in Platoro West. In addition, Sheriff will be joining the Board of Directors of Ely Gold upon closing of the transaction (the "Closing"). The majority of the Properties are precious metal exploration projects in the most desirable gold trends in Nevada, with an additional two properties in New Mexico and one in Arizona. Four of the Nevada Properties are currently leased or optioned to third parties (the "Leases") and are being actively explored. The Leases are on precious metal properties with the exception of one tungsten-copper-silver asset. The Royalty Portfolio includes eight deeded royalties on precious metals properties in Nevada, currently being developed by third parties, with the exception of the Quartz Mountain property in eastern Oregon. Quartz Mountain is being developed by Alamos Gold Inc. The Data Base includes historic exploration and production data from Atlas Gold Mining Inc., UV Industries, Inc., USSRAM (U.S. Smelting and Refining and Mining Company) and Union Carbide Corporation. Most of the hard copy data has been scanned, cataloged and is held in over 600 filing cabinets. Closing is expected to take place on or about June 15, 2017 and is subject to TSX-V acceptance of a filing to be made by the Company. The Properties are mainly unpatented mining claims staked on Bureau of Land Management or U.S. Forest Service lands and, as such, have no existing royalties, work commitments or lease payments. After closing, the Company, through its wholly owned subsidiary, Nevada Select Royalty Inc. ("Nevada Select") will own 100% of 13 Properties, 50% of one of the Leases and 100% of the Royalty Portfolio. Ely Gold will also have the option to purchase 100% of nine additional properties and one additional leased property of Platoro West (collectively, the "Option Properties"). The Option Properties are subject to additional due diligence and the Company will have twelve months from Closing to include the Option Properties in the Agreement. Sheriff is an entrepreneur and visionary with over 30 years' experience in the minerals industry and the securities industry. Sheriff is the founder and Executive Chairman of Golden Predator Corp. Prior to founding Golden Predator Mining Corp., he was a pioneer in the uranium renaissance as co-founder and Chairman of Energy Metals Corp., and was responsible for compiling the largest domestic uranium resource base in US history before the company was acquired by Uranium One Corp. for $1.8 billion. Sheriff also serves as Chairman of enCore Energy Corp. Sheriff co-founded and previously served as Chairman of EMC Metals Corp., and as a Director of Western Lithium USA Inc., Uranium One Inc., Midway Gold Corp., Eurasian Minerals Inc., and Starcore International Mines Ltd. He was also a registered representative, holding positions with A.G. Edwards, Inc. and Mitchum Jones &Templeton, Inc., in addition to having had his own securities firm. Sheriff holds a B.Sc degree (Geology) from Fort Lewis College, Colorado and an MSc in Mining Geology from the University of Texas-El Paso. Under the terms of the Agreement, the Company will pay Platoro West a total purchase price of US$500,000 (the "Purchase Price"). The Purchase Price will be paid as to US$25,000 upon signing the Agreement, US$225,000 on Closing, and US$112,500 paid on the first and second anniversaries of Closing, together with a 5% per annum interest compounded quarterly from Closing. There is no additional payment for the Option Properties. Ely Gold will also issue 1,000,000 purchase warrants to Platoro West. Each warrant will be exercisable to purchase one Ely Gold share for CAN$.12 for two years from the Closing. The Agreement also provides for Sheriff to be appointed to the Company's Board of Directors and to be issued options, under Ely Gold's 2013 Stock Option Plan, to purchase 500,000 Ely Gold shares at Closing. "Combining this exceptional portfolio of Properties, Leases and the Royalty Portfolio with our current portfolio, while bringing Bill onto the team is a rare opportunity for Ely Gold. Combining our extensive geological data base with Bill's will create an incredible asset for property identification and development. The Properties contain numerous exploration opportunities that have been relatively idle since Bill has refocused his exploration efforts to the north. With Bill's knowledge and our combined geological data bases, we will capitalize on the untapped value of these assets by applying Ely Gold's cash and royalty generating business model. The Properties, leases and royalties are a perfect fit for us not only in physical location, but in further increasing our cash flow from lease or advance royalty payments," commented Trey Wasser, Ely's President and CEO. The President of Nevada Select, Jerry Baughman, stated, "Bill and I have competed for over 30 years as prospectors in Nevada. While we have partnered on deals from time to time, the opportunity to work with Bill and to combine our knowledge and our data bases will be of great benefit to Ely Gold shareholders." Sheriff added, "I am looking forward to combining all of our strengths to propel Ely Gold to the forefront of Nevada exploration and development. With the combined portfolio and this team's proven property acquisition and enhancement capability I believe we will be creating one of Nevada's preeminent mineral royalty and property generator." The Closing is subject to approval of the TSX-V and is expected on or before June 15, 2017. Stephen Kenwood, P. Geo, is director of the Company and a Qualified Person as defined by NI 43-101. Mr. Kenwood has reviewed and approved the technical information in this press release. Ely Gold is focused on developing recurring cash flow streams through the acquisition, consolidation, enhancement, and resale of highly prospective, un-encumbered North American precious metals properties. Ely's property development efforts maximize each property's potential for acquisition, while reserving significant royalty interests. Additional information about Ely Gold is available at the Company's website, at www.elygoldinc.com. On Behalf of the Board of Directors For further information, please contact: 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. This news release contains certain "forward-looking statements" within the meaning of such statements under applicable securities law. Forward-looking statements are frequently characterized by words such as "plan," "continue," "expect," "project," "intend," "believe," "anticipate," "estimate," "may," "will," "potential," "proposed," and other similar words, or statements that certain events or conditions "may" or "will" occur. This news release may contain forward-looking statements including but not limited to comments regarding the timing of the upcoming purchase of Properties, Royalty Portfolio and Data Base, appointment of Sheriff to the Board of Directors, option to purchase Option Properties, timing of the Closing and payment of purchase price, 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 Company is under no obligation, and expressly disclaims any intention or obligation, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable law.


News Article | May 4, 2017
Site: www.accesswire.com

VANCOUVER, BC / ACCESSWIRE / May 4, 2017 / Ely Gold & Minerals Inc. (TSX-V: ELY) (OTC PINK: ELYGF) ("Ely Gold" or the "Company") is pleased to announce that it has entered into a definitive purchase and option agreement (the "Agreement") with Platoro West Incorporated ("Platoro West"), a privately held Nevada Corporation, and William Sheriff ("Sheriff") to purchase Platoro West's portfolio of 14 highly prospective mineral properties in Nevada and the western United States (the "Properties"), a portfolio of 8 deeded royalties (the "Royalty Portfolio") and legal and beneficial rights to geological information covering precious metals properties throughout the western United States (the "Data Base"). Sheriff is the legal and beneficial owner of 100% of the stock in Platoro West. In addition, Sheriff will be joining the Board of Directors of Ely Gold upon closing of the transaction (the "Closing"). The majority of the Properties are precious metal exploration projects in the most desirable gold trends in Nevada, with an additional two properties in New Mexico and one in Arizona. Four of the Nevada Properties are currently leased or optioned to third parties (the "Leases") and are being actively explored. The Leases are precious metal properties, with the exception of one tungsten-copper-silver asset. The Royalty Portfolio includes eight deeded royalties on precious metals properties in Nevada, currently being developed by third parties, with the exception of the Quartz Mountain property in eastern Oregon. Quartz Mountain is being developed by Alamos Gold Inc. The Data Base includes historic exploration and production data from Atlas Gold Mining Inc., UV Industries, Inc., USSRAM (U.S. Smelting and Refining and Mining Company) and Union Carbide Corporation. Most of the hard copy data has been scanned, cataloged, and is held in over 600 filing cabinets. Closing is expected to take place on or about June 15, 2017 and is subject to TSX-V acceptance of a filing to be made by the Company. The Properties are mainly unpatented mining claims staked on Bureau of Land Management or U.S. Forest Service lands and, as such, have no existing royalties, work commitments or lease payments. After closing, the Company, through its wholly owned subsidiary, Nevada Select Royalty Inc. ("Nevada Select"), will own 100% of 13 Properties, 50% of one of the Leases, and 100% of the Royalty Portfolio. Ely Gold will also have the option to purchase 100% of nine additional properties and one additional leased property of Platoro West (collectively, the "Option Properties"). The Option Properties are subject to additional due diligence and the Company will have twelve months from Closing to include the Option Properties in the Agreement. Sheriff is an entrepreneur and visionary with over 30 years' experience in the minerals industry and the securities industry. Sheriff is the founder and Executive Chairman of Golden Predator Corp. Prior to founding Golden Predator Mining Corp., he was a pioneer in the uranium renaissance as co-founder and Chairman of Energy Metals Corp., and was responsible for compiling the largest domestic uranium resource base in US history before the company was acquired by Uranium One Corp. for $1.8 billion. Sheriff also serves as Chairman of enCore Energy Corp. Sheriff co-founded and previously served as Chairman of EMC Metals Corp., and as a Director of Western Lithium USA Inc., Uranium One Inc., Midway Gold Corp., Eurasian Minerals Inc. and Starcore International Mines Ltd. He was also a registered representative, holding positions with A.G. Edwards, Inc. and Mitchum Jones &Templeton, Inc., in addition to having had his own securities firm. Sheriff holds a B.Sc degree (Geology) from Fort Lewis College, Colorado and an MSc in Mining Geology from the University of Texas-El Paso. Under the terms of the Agreement, the Company will pay Platoro West a total purchase price of US$500,000 (the "Purchase Price"). The Purchase Price will be paid as to US$25,000 upon signing the Agreement, US$225,000 on Closing, and US$112,500 paid on the first and second anniversaries of Closing, together with a 5% per annum interest compounded quarterly from Closing. There is no additional payment for the Option Properties. Ely Gold will also issue 1,000,000 purchase warrants to Platoro West. Each warrant will be exercisable to purchase one Ely Gold share for CAN$.12 for two years from the Closing. The Agreement also provides for Sheriff to be appointed to the Company's Board of Directors and to be issued options, under Ely Gold's 2013 Stock Option Plan, to purchase 500,000 Ely Gold shares at Closing. "Combining this exceptional portfolio of Properties, Leases and the Royalty Portfolio with our current portfolio, while bringing Bill onto the team is a rare opportunity for Ely Gold. Combining our extensive geological data base with Bill's will create an incredible asset for property identification and development. The Properties contain numerous exploration opportunities that have been relatively idle since Bill has refocused his exploration efforts to the north. With Bill's knowledge and our combined geological data bases, we will capitalize on the untapped value of these assets by applying Ely Gold's cash and royalty generating business model. The Properties, leases and royalties are a perfect fit for us not only in physical location, but in further increasing our cash flow from lease or advance royalty payments," commented Trey Wasser, Ely's President and CEO. The President of Nevada Select, Jerry Baughman, stated, "Bill and I have competed for over 30 years as prospectors in Nevada. While we have partnered on deals from time to time, the opportunity to work with Bill and to combine our knowledge and our data bases will be of great benefit to Ely Gold shareholders." Sheriff added, "I am looking forward to combining all of our strengths to propel Ely Gold to the forefront of Nevada exploration and development. With the combined portfolio and this team's proven property acquisition and enhancement capability I believe we will be creating one of Nevada's preeminent mineral royalty and property generator." The Closing is subject to approval of the TSX-V and is expected on or before June 15, 2017. Stephen Kenwood, P. Geo, is director of the Company and a Qualified Person as defined by NI 43-101. Mr. Kenwood has reviewed and approved the technical information in this press release. Ely Gold is focused on developing recurring cash flow streams through the acquisition, consolidation, enhancement, and resale of highly prospective, un-encumbered North American precious metals properties. Ely's property development efforts maximize each property's potential for acquisition, while reserving significant royalty interests. Additional information about Ely Gold is available at the Company's website, at www.elygoldinc.com. On Behalf of the Board of Directors For further information, please contact: 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. This news release contains certain "forward-looking statements" within the meaning of such statements under applicable securities law. Forward-looking statements are frequently characterized by words such as "plan," "continue," "expect," "project," "intend," "believe," "anticipate," "estimate," "may," "will," "potential," "proposed," and other similar words, or statements that certain events or conditions "may" or "will" occur. This news release may contain forward-looking statements including but not limited to comments regarding the timing of the upcoming purchase of Properties, Royalty Portfolio and Data Base, appointment of Sheriff to the Board of Directors, option to purchase Option Properties, timing of the Closing and payment of purchase price, 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 Company is under no obligation, and expressly disclaims any intention or obligation, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable law.

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