TSX-V:ELYVANCOUVER, Nov. 4, 2016 /PRNewswire/ - Ely Gold & Minerals Inc. ("Ely Gold" or the "Company") (TSX-V: ELY, OTC: ELYGF) is pleased to announce that it has completed a property exchange (the "Exchange") with Columbus Gold Corp. (TSX: CGT, OTCQX: CBDGF) and its wholly owned subsidiary Columbus Gold ( USA) Corp. (collectively "Columbus"). Ely Gold, through its wholly owned subsidiary, Nevada Select Royalty, Inc. ( "Nevada Select") has acquired a 100% interest in 66 unpatented mining claims in Esmeralda County, Nevada (the "Claims"). The Claims are contiguous to claims currently held by Ely Gold known as the Weepah Project ( "Weepah") Columbus has done significant exploration on the Claims, including multiple drill campaigns. Columbus acquired the Claims in 2011 from Cordex Exploration Company ( "Cordex"). The Claims will be subject to a 2% net smelter returns royalty to Cordex. Ely Gold will also acquire all the data from Columbus' exploration programs. In the Exchange, Nevada Select has conveyed, to Columbus, a royalty on the Bolo/Wood property in Nye County, Nevada which was acquired by Nevada Select in a transaction with Till Capital and press released by Ely Gold on August 12, 2016. Columbus acquired the Bolo/Wood property from Cordex in 2012.