Metalla Royalty & Streaming Ltd. (TSX-V: MTA) (OTCQX: MTAFF) (FRANKFURT: X9CP) is pleased to announce, further to its announcement on December 21, 2018, that the Company has sold an additional 4,172,358 units of the Company at a price of $0.78 per Unit for additional gross proceeds of approximately $3,254,439. With the closing of this second tranche today and the first tranche on December 21, 2018, the Company has closed its over-subscribed brokered private placement for aggregate gross proceeds of $6,781,131.

Each Unit consisted of one common share in the capital of the Company and one-half of one Common Share purchase warrant. Each Warrant will entitle the holder thereof to acquire one Common Share of the Company at a price of C$1.17 for a period of 24 months from closing date of each tranche as applicable. In the event that the closing price of the Common Shares on the TSX Venture Exchange (or other stock exchange) is greater than C$1.50 per common share for a period of 10 consecutive trading days at any time after the Closing, the Company may accelerate the expiry date of the Warrants by written notice (or by way of news release in lieu of written notice) to the holders of the Warrants and in such case the Warrants will expire on the 30th day after the date of such notice.

The Offering was led by Haywood Securities Inc. on behalf of a syndicate of agents, including PI Financial Corp. and Canaccord Genuity Corp. In consideration for their services for the Offering, the Company has paid to the Agents a cash commission of $344,185.76 (representing an average cash commission of 5% including a reduced commission on president’s list orders) and delivered to the Agents 441,240 compensation options. Each Compensation Option will entitle the holder thereof to acquire one Common Share at an exercise price of $0.78 per Common Share for a period of 24 months from the date of issue.

The net proceeds from the Offering will be used to finance royalty and stream acquisitions. All securities issued under the Offering are subject to a four month hold period in Canada, which will expire on (i) April 22, 2019 in respect of securities issued under the first tranche closing on December 21, 2018, and (ii) May 5, 2019 in respect of securities issued under the second tranche closing today. The Offering is subject to final acceptance of the TSXV.

The securities issued or to be issued pursuant to the Offering have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended (the “U.S. Securities Act“), or any U.S. state securities laws, and may not be offered or sold to, or for the account or benefit of, persons in the United States or U.S. persons (as such terms are defined in Regulation S promulgated under the U.S. Securities Act), absent registration or any applicable exemption from the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws. This news release shall not constitute an offer to sell or the solicitation of an offer to buy securities to, or for the account or benefit of, persons in the United States or U.S. persons, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

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.