MTA.V · 2023-05-17 12:00:00

Metalla Announces Board Change

Management Changes

METALLA ANNOUNCES BOARD CHANGE

TSXV: MTA

NYSE American: MTA

VANCOUVER, BC

May 17, 2023

/CNW/ -

Metalla Royalty & Streaming Ltd.

Metalla

" or the

Company

") (TSXV: MTA) (NYSE American: MTA) announced today that

Douglas B. Silver

has

stepped down as a director of the Company.

Brett Heath

, President, and CEO of Metalla commented "On behalf of the board of directors and

our management team, we want to thank Mr. Silver for his contributions to the Company during his

tenure as a director and we wish him all the best in his future endeavours."

ABOUT METALLA

Metalla is a precious metals royalty and streaming company. Metalla provides shareholders with

leveraged precious metal exposure through a diversified and growing portfolio of royalties and

streams. 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.

For further information, please visit our website at

www.metallaroyalty.com

ON BEHALF OF METALLA ROYALTY & STREAMING LTD.

(signed) "Brett Heath"

Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the

Exchange) accept responsibility for the adequacy or accuracy of this release.

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

This news 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

budgets

scheduled

estimates

forecasts

predicts

projects

intends

targets

aims

anticipates

believes" or variations (including negative variations) of such words and phrases

or may be identified by statements to the

effect that certain actions

may

could

should

would

might

will

be taken, occur or be achieved. Forward-

looking statements and

information in this release include, but are not limited to, statements with respect to the Company's

potential to become a leading gold and silver company.

Forward-looking statements and

information are based on forecasts of future results, estimates of amounts not yet

determinable

and assumptions that, while believed by management to be reasonable, are inherently subject to

significant

business, economic and competitive uncertainties, and contingencies. Forward-looking

statements and information are

subject to various known and unknown risks and uncertainties,

many of which are beyond the ability of Metalla to control or

predict, that may cause Metalla's

actual results, performance or achievements to be materially different from those expressed

implied thereby, and are developed based on assumptions about such risks, uncertainties and

other factors set out herein,

including but not limited to: the risk that the milestones may not be

satisfied; risks associated with the impact of general business and

economic conditions; the

absence of control over mining operations from which Metalla will purchase precious metals or

from

which it will receive stream or royalty payments and risks related to those mining operations,

including risks related to

international operations, government and environmental regulation,

delays in mine development, construction and

operations, actual results of mining and current

exploration activities, conclusions of economic evaluations and changes in

project parameters as

plans are refined; problems related to the ability to market precious metals or other metals;

industry

conditions, including commodity price fluctuations, interest and exchange rate fluctuations;

interpretation by government

entities of tax laws or the implementation of new tax laws; regulatory,

political or economic developments in any of the

countries where properties in which Metalla holds

a royalty, stream or other interest are located or through which they are

held; risks related to the

operators of the properties in which Metalla holds a royalty or stream or other interest, including

changes in the ownership and control of such operators; risks related to global pandemics,

including the novel coronavirus

(COVID-19) global health pandemic, and the spread of other

viruses or pathogens; influence of macroeconomic

developments; business opportunities that

become available to, or are pursued by Metalla; reduced access to debt and

equity capital;

litigation; title, permit or license disputes related to interests on any of the properties in which

Metalla holds a

royalty, stream or other interest; the volatility of the stock market; competition;

future sales or issuances of debt or equity

securities; use of proceeds; dividend policy and future

payment of dividends; liquidity; market for securities; enforcement of

civil judgments; and risks

relating to Metalla potentially being a passive foreign investment company within the meaning of

U.S. federal tax laws; and the other risks and uncertainties disclosed under the heading "Risk

Factors" in the Company's most

recent annual information form, annual report on Form 40-F and

other documents filed with or submitted to the Canadian

securities regulatory authorities on the

SEDAR website at

www.sedar.com

and the U.S. Securities and Exchange Commission

on the

EDGAR website at

www.sec.gov

. Although Metalla has attempted to identify important factors that

could cause actual actions, events or results to differ materially from those described in forward-

looking statements, there may be other factors that cause actions, events or results not to be as

anticipated, estimated or intended. There can be no assurance that forward-looking statements will

prove to be accurate, as actual results and future events could differ materially from those

anticipated in such statements. Accordingly, readers should not place undue reliance on forward-

looking statements. Metalla undertakes no obligation to update forward-looking information except

required by applicable law. Such forward-looking information represents management's best

judgment based on information

currently available. No forward-looking statement can be

guaranteed, and actual future results may vary materially.

Accordingly, readers are advised not to

place undue reliance on forward-looking statements or information.

View original content to download multimedia:

https://www.prnewswire.com/news-releases/metalla-announces-board-change-301827925.html

SOURCE

Metalla Royalty and Streaming Ltd.

View original content to download multimedia:

http://www.newswire.ca/en/releases/archive/May2023/17/c7696.html

%SEDAR: 00005157E

For further information:

Metalla Royalty & Streaming Ltd., Brett Heath, President & CEO, Phone:

604-696-0741, Email: [email protected]; Kristina Pillon, Investor Relations, Phone: 604-908-

1695, Email:

[email protected], Website: www.metallaroyalty.com

CO: Metalla Royalty and Streaming Ltd.

CNW 19:12e 17-MAY-23

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