Metalla Royalty & Streaming Ltd. (NYSE American: MTA) (TSX-V: MTA) is pleased to announce that it has exercised its option with Alamos Gold Corp. (NYSE: AGI) (TSX: AGI) to acquire from Alamos Gold its 1.0% net smelter return royalty on the La Fortuna project in Durango State, Mexico owned by Minera Alamos Inc. (TSX-V: MAI) for aggregate consideration of $1,000,000.

Brett Heath commented: “We are pleased to acquire another development royalty on a quality gold project in Mexico. This royalty enhances our already robust footprint in Mexico and provides shareholders with exposure to a medium-term development project and potential exploration success within the land package.”

TRANSACTION STRUCTURE

As part of Metalla’s acquisition of a royalty portfolio from Alamos Gold announced on April 1, ‎‎2019, Metalla acquired an option to acquire the Royalty for a deposit of $400,000 in ‎shares of Metalla upon completion of satisfactory due diligence. The option allowed Metalla to ‎complete the acquisition of the Royalty for an additional $600,000 in cash, which has now been ‎paid in full satisfaction of the Transaction Price. ‎

LA FORTUNA

La Fortuna is a high-grade gold, silver and copper mine in Durango, Mexico currently being moved toward a production decision by Minera Alamos. In a Preliminary Economic Assessment released in August 2018, Minera Alamos published a study that envisions an open pit milling operation that is expected to produce an average of 50Koz of gold-equivalent ounces over a 5-year mine life at an all-in sustaining cost of  $440/Oz. The study estimates an after-tax net present value at a 7.5% discount rate of $69.8M, an internal rate of return of 93% and an 11-month payback assuming $1,250/Oz of gold, $16/Oz of silver and $2.60/lb of copper. Minera Alamos has reported that it expects to receive permits in the second half of 2020, with construction expected to begin in 2022. Minera Alamos has found other major gold-bearing structures that exhibit a similar style of mineralization within the La Fortuna land package, most notably, the Ramada, PN Zone and Cerro Pelon. Minera Alamos has announced that it has procured major mill components and is currently negotiating a debt package for their 12-month construction phase.^(1,2)

LA FORTUNA MINERAL RESOURCES ^(1)(2)(3)(4)

QUALIFIED PERSON

The technical information contained in this news release has been reviewed and approved by Charles Beaudry, geologist M.Sc., member of the Association of Professional Geoscientists of Ontario and the Ordre des Géologues du Québec and a consultant to Metalla. Mr. Beaudry is a Qualified Person as defined in National Instrument 43-101 Standards of disclosure for mineral projects.

ABOUT METALLA

Metalla was created for the purpose of providing shareholders with leveraged precious metal exposure by acquiring royalties and streams. Our goal is to increase share value by accumulating a diversified portfolio of royalties and streams with attractive returns. Our strong foundation of current and future cash-generating asset base, combined with an experienced team, gives Metalla a path to become one of the leading gold and silver companies for the next commodities cycle.