Metalla Announces $530,000 Financing and Sale of Common Shares to an Institutional Investor

FOR IMMEDIATE RELEASE Toronto CSE: MTA OTCQB: EXCFF Frankfurt: X9CP April 20, 2017

Toronto, Canada: Metalla Royalty & Streaming Ltd. (“Metalla” or the “Company”) (CSE:MTA) (OTCQB:EXCFF) (FRANKFURT:X9CP) announces that it has closed a $530,000 financing in the form of a share swap, whereby a company controlled by an insider sold 1 million common shares at $0.53 to an institutional investor in order to invest the proceeds in the company at the same price with a hold period of 4 months plus one day. No warrants were issued with the financing.

“Metalla is pleased to welcome a prominent institutional investor as well as enhance our financial flexibility as we look to acquire additional royalties and streams," commented Tim Gallagher, Metalla’s Chairman.

Metalla Royalty & Streaming Ltd. is a precious metals royalty and streaming company engaged in the acquisition and management of precious metal royalties, streams, and similar production-based interests.

On behalf of the Board of Directors: For more information please contact:

“Tim Gallagher” Tel: 416-925-0090

Chairman & CEO Email: [email protected] Metalla Royalty & Streaming www.metallaroyalty.com

Neither the Canadian Securities Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.