Metalla Closes Royalty Acquisition on Pan American Silver Property

Metalla Closes Royalty Acquisition on Pan

American Silver Property

TSXV:

MTA

OTCQX:

MTAFF

Frankfurt

:

X9CP

VANCOUVER

,

Dec. 20, 2018

/CNW/ -

Metalla Royalty & Streaming Ltd.

("

Metalla

" or the

"

Company

") (TSXV:MTA) (OTCQX:MTAFF) (FRANKFURT:X9CP) is pleased to announce that,

further to its news release dated

December 11, 2018

, it has completed its acquisition of the 1.5%

net smelter return royalty on the Cap-Oeste Sur East ("

COSE

") property located in the province of

Santa Cruz

,

Argentina

from Patagonia Gold S.A. (the "

Seller

"). The Royalty was acquired pursuant

to a royalty purchase agreement dated

December 7, 2018

(the "

Agreement

") under which a wholly-

owned Argentinian subsidiary of Metalla ("

Metalla Argentina

") and the Seller have entered into an

assignment and assumption agreement for the purpose of transferring the Royalty from the Seller to

Metalla Argentina.

The Agreement also includes a right of first refusal in favour of Metalla to acquire a future net

smelter returns royalty that may be granted by, or received by, the Seller (or an affiliate) on its Cap-

Oeste mine.

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.

For further information, please visit our website at

www.metallaroyalty.com

ON BEHALF OF METALLA ROYALTY & STREAMING LTD.

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.

SOURCE

Metalla Royalty and Streaming Ltd.

View original content to download multimedia:

http://www.newswire.ca/en/releases/archive/December2018/20/c7537.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 09:44e 20-DEC-18