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Posted: October 1, 2021 at 3:43 p.m. CDT|Update: 6 hours ago

AMERICAN NYSE: MTA
TSX-V: MTA

(All currencies are in United States (USD) dollars unless otherwise specified)

VANCOUVER, BC, October 1, 2021 / PRNewswire / – Metalla Royalty & Streaming Ltd. (“Metalla“or the”Society“) (NYSE American: MTA) (TSXV: MTA) is pleased to announce that, following its dated press release September 13, 2021, he closed (the “Closing“) the acquisition of an existing 5% net smelter return royalty (the”Royalties“) from an arm’s length vendor (the”Seller“) on the South Domes portion of the Castle Mountain Gold mine owned by Equinox Gold Corp. (NYSE: EQX; TSX: EQX).

Metalla Royalty Logo (CNW Group / Metalla Royalty and Streaming Ltd.)

At the close, Metalla paid $ 10 million in cash to the Seller (the “Closing payment“) with the rest $ 5 million the purchase price to be paid within twenty months from the closing date bearing interest at the rate of 4% per annum from the closing date.

FINANCIAL UPDATE

The Company has completed the previously announced direct debit of an additional amount 3 million Canadian dollars (the “Levy amount“) under its Amended and Restated Existing Convertible Loan Facility (the”Convertible loan facility“) with Beedie Capital (“Beedie“). The amount of the draw will bear interest at 8% per annum with the balance $ 12 million Canadian available to the Company under the Convertible Loan Facility subject to a subscription interest of 1.5% per annum.

The amount of the drawdown is convertible by Beedie into ordinary shares of Metalla (“Ordinary actions“) at a conversion price of CA $ 11.16 which is based on a 20% premium above the 30-day volume weighted average price (“VWAP“) common shares on the TSX Venture Exchange calculated as of September 30, 2021, in accordance with the terms of the convertible loan facility. Any ordinary share issued upon conversion of the amount of the drawdown will be subject to a holding period elapsing February 2, 2022.

The amount of the levy was used to finance part of the closing payment for the acquisition of the royalty.

ABOUT METALLA

Metalla was formed with the aim of providing shareholders with leveraged precious metals exposure by acquiring royalties and streams. Our goal is to increase the value of stocks by accumulating a diversified portfolio of royalties and flows with attractive returns. Our strong base of current and future cash-generating assets, combined with an experienced team, gives Metalla the opportunity to become one of the leading gold and silver companies for the next commodities cycle.

For more information, please visit our website at www.metallaroyalty.com.

ON BEHALF OF METALLA ROYALTY & STREAMING LTD.

(signed) “Brett Heath”

Website: www.metallaroyalty.com

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

CAUTION REGARDING FORWARD-LOOKING STATEMENTS

This press release contains forward-looking statements and forward-looking information within the meaning of United States and Canadian regulations. Often, but not always, forward-looking statements can be identified by the use of words such as “plans”, “expects”, “is expected, budget, program, estimates, forecasts, predicted, projects, for, targets, Goals, anticipates Where believes “or variations (including negative variations) of such words and phrases or may be identified by statements in the effect that certain actions may, could, should, would have, strength Where will to be caught, to occur or to be reached. Cheeky-statements and information in this press release include, without limitation, statements regarding the potential completion of milestones and payments related thereto; payment of the balance $ 5 million purchase price; planned or possible future developments at The Castle Mountain Project and the properties in which the Company currently holds royalty and stream interests or relating to the companies owning or operating such properties; the future value of the Companyactions; future generation of cash; and the Company’s potential to become a premier gold and silver company. Forward-looking statements and information are based on forecasts of future results, estimates of amounts not yet determinable and assumptions which, although deemed reasonable by management, are inherently subject to business, economic and competitive uncertainties and contingencies. Forward-looking statements and information are subject to a variety of known and unknown risks and uncertainties, many of which are beyond Metalla’s ability to control or predict, which may cause Metalla’s actual results, performance or achievement to differ materially from those expressed or implied thereby, and are developed on the basis of assumptions regarding those risks, uncertainties and other factors set forth herein, including, but not limited to: the risk that milestones will not be met; the risks associated with the impact of the general activity and economic conditions; the lack of control over the mining operations from which Metalla will purchase precious metals or from which it will receive flow or royalty payments and the risks associated with these mining operations, including the risks associated with international operations, government and environmental regulations, delays in development, construction and operations, actual results of current mining and exploration activities, conclusions of economic evaluations and changes in project parameters as plans are refined; problems with the ability to market precious metals or other metals; industry conditions, including fluctuations in commodity prices, fluctuations in interest and exchange rates; government interpretation tax law entities or the implementation of new tax laws; regulatory, political or economic developments in one of the the countries in which the properties in which Metalla holds a royalty, flow or other interest are located or through which they are tenuous; risks associated with operators of properties in which Metalla holds a royalty or flow or other interest, including changes in the ownership and control of these operators; risks associated with global pandemics, including the novel coronavirus (COVID-19) global health pandemic and spread of other viruses or pathogens; macroeconomic influence developments; business opportunities that become available or are sought by Metalla; reduced access to debt and equity; litigation; conflicts of title, permit or license relating to interests in any of the properties in which Metalla holds a royalty, flow or other interest; the volatility of the stock market; competetion; future sales or issues of debt or equity securities securities; use of the product; dividend policy and future payment of dividends; liquidity; securities market; the application of civil judgments; and the risks associated with the fact that Metalla is potentially a passive foreign investment company within the meaning of US federal tax laws; and other risks and uncertainties disclosed under the heading “Risk Factors” in the recent annual information form, annual report on Form 40-F and other documents filed or submitted to the regulators on the SEDAR website at www.sedar.com and the United States Securities and Exchange Commission on the EDGAR website at www.sec.gov. Metalla does not undertake to update forward-looking information, unless required by applicable law. This forward-looking information represents management’s best judgment based on the information currently available. No forward-looking statement can be guaranteed and actual future results may vary significantly. Therefore, readers are advised not to place undue reliance on forward-looking statements or information.

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SOURCE Metalla Royalty and Streaming Ltd.

The above press release has been provided courtesy of PRNewswire. The views, opinions and statements contained in the press release are not endorsed by Gray Media Group and do not necessarily state or reflect those of Gray Media Group, Inc.

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