Developing Royalty Assets
in North America

Ely Gold Announces 2013 Annual General Meeting Results

June 28, 2013

Ely Gold & Minerals Inc. ("Ely Gold") is pleased to announce that the Company's shareholders approved all matters submitted by management for their consideration at the Annual General Meeting held in Vancouver, BC on June 27, 2013, with shares representing 11.5% of the total outstanding shares being voted at the meeting.

Shareholders passed ordinary resolutions approving the appointment of Smythe Ratcliffe LLP as auditors for the ensuing year, the continuation of the Company's Share Option Plan, an amendment to eligible outstanding stock options and the re-election of Trey Wasser, John Brownlie, Marco Galindo, Ronald Husband and Stephen Kenwood to the Company's Board of Directors.

At the post-AGM directors' meeting, Mr. Brownlie was re-appointed Executive Chairman of the Board, Mr. Wasser was re-appointed as President and Chief Executive Officer, and Scott Kelly was re-appointed as Chief Financial Officer and Secretary.

On Behalf of the Board of Directors

Signed "Trey Wasser"

Trey Wasser, President & CEO

For further information, please contact Ely Gold & Minerals Inc. at 604-488-1104.

E-mail: [email protected]; Website: www.elygoldandminerals.com

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 may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, 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.