MTA.V · 2019-06-20 12:00:00

Metalla Completes Acquisition of Royalty on Agnico Eagle's El Realito Property and Adds Royalty on Minera Frisco's Orion Project From Alamos Gold

Mergers & Acquisitions Royalties & Streams

Metalla Completes Acquisition of Royalty on

Agnico Eagle's El Realito Property and Adds

Royalty on Minera Frisco's Orion Project From

Alamos Gold

TSXV: MTA

OTC: MTAFF

VANCOUVER

June 20, 2019

/CNW/ -

Metalla Royalty & Streaming Ltd.

Metalla

" or the

Company

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

the Company has completed the second closing (the "

Second Closing

") to acquire 2 additional

royalties from Alamos Gold Inc. (NYSE:AGI)(TSX:AGI) and its affiliates (collectively "

Alamos

"). The

royalties acquired at the Second Closing are in addition to the royalties acquired at the first closing

from

Alamos

April 17, 2019

. The Second Closing includes a development royalty on the

El Realito

property, which is a satellite deposit that is part of Agnico Eagle Mines Limited ("

Agnico Eagle

(NYSE: AEM) La India mine located in

Sonora Mexico

the El Realito Royalty

and an exploration

royalty on the Biricu Property in

Guerrero, Mexico

(the "

Biricu Royalty

"). The Company has also

agreed to purchase from

Alamos

a royalty (that was not part of the existing royalty package) on the

Orion gold-silver project (the "

Orion Project

") owned by Minera Frisco S.A.B. C.V. located in

Nayarit, Mexico

(the "

Orion Royalty

") at a future third closing (the "

Third Closing

").

In connection with the Third Closing, the Company and

Alamos

have entered into an amended and

restated purchase and sale agreement dated

June 20, 2019

(the "

Royalty Purchase Agreement

pursuant to which Metalla agreed to purchase the Orion Royalty from

Alamos

As consideration for the Biricu Royalty, Metalla issued to

Alamos

10,299 common shares of the

Company (the "

Second Closing Shares

"). The Second Closing Shares have a hold period expiring

October 21, 2019

. As consideration for the Orion Royalty, Metalla expects to issue 257,491

common shares of the Company (the "

Third Closing Shares

"). The Third Closing Shares will be

subject to a statutory four-month and one day hold period from the date of their issuance.

Metalla elected not to proceed with the acquisition of the royalty on the Choquelimpie property

located in

Chile

as disclosed on

April 17, 2019

EL REALITO

(2% NSR) ROYALTY

El Realito

is a satellite deposit that is part of Agnico Eagle's operating La India mine in

Sonora,

Mexico

. The mine was put into production in 2014 and Agnico Eagle disclosed that it produced over

100Koz of gold in 2018 at an AISC of

US$685

/Oz. In

February 2019

, Agnico Eagle declared its

first reserve estimate

El Realito

of 84Koz of gold and 418Koz of silver (3.3 million tonnes grading

0.80g/t gold and 3.96g/t silver) as of

December 31, 2018

(1)

. Agnico Eagle disclosed that as of

December 31, 2018

, it completed 15,879 metres of drilling in 2018 on

El Realito

and that it expected

to drill an additional 10,000 metres for further mine-site exploration and 2,000 metres of infill drilling

El Realito

and nearby targets in 2019. In Q1 2019, Agnico Eagle released drill holes testing

parallel structures in the pit intersecting 1.4g/t gold and 5g/t silver over 22.4 meters in the northwest

and extended the known resource mineralization to the south with hole INER19-239 intersecting

1.3g/t gold and 7g/t silver over 19.8 metres

(2)

. Agnico Eagle disclosed that the system remained

open and that the drill program is currently testing extensions of the system to expand the resource.

(1)

Refer to Agnico Eagle's Annual Information Form for the year ended December 31, 2018, and dated as of March 26, 2019.

(2)

Refer to Agnico Eagle's First Quarter 2019 results dated April 25, 2019

El Realito royalty map (CNW Group/Metalla Royalty and Streaming Ltd.)

ORION (2.75% NSR) ROYALTY

The Orion Royalty covers 30,782 hectares of the Orion Project located in

Nayarit, Mexico

in the

prolific Sierra Madre Occidental mountain range. The exploration project is a low sulphidation

epithermal underground deposit owned by Minera Frisco S.A.B de C.V. Minera Frisco purchased the

Orion Project in October of 2012 as part of the acquisition of the

Ocampo

mine from

AuRico Gold

Nayarit Gold Inc. filed a PEA

(3)

that was released on the project outlining a 5-year underground mine

plan focused on the high-grade Animas/

Del Norte

veins. The project has an indicated resource of

1.1Mt at 8.81g/t Au-Eq for 314Koz Au-Eq.

(3)

NI 43-101 Preliminary Economic Assessment Nayarit Gold Inc. Orion Project, Animas/Del Norte Zone State of Nayarit, Mexico was filed on SEDAR by Nayarit Gold Inc. on

February 24, 2010, and prepared by SRK Consulting

UPDATED ROYALTY PORTFOLIO ACQUIRED FROM

ALAMOS

Asset

Operator

Country

Stage

Terms

El Realito

Agnico Eagle

Sonora, Mexico

Development

2% NSR

La Fortuna

Minera Alamos

Durango, Mexico

Development

Option - 1% NSR

Wasamac

Monarch Gold

Rouyn-Noranda, Quebec

Development

1.5% NSR

Beaufor Mine

Monarch Gold

Val d'Or, Quebec

Development

1% NSR

San Luis

SSR Mining

Peru

Development

1% NSR

Big Island

Copper Reef Mining

Flin Flon, Manitoba

Exploration

2% NSR

Biricu

Guerrero Ventures

Guerrero, Mexico

Exploration

2% NSR + $10/oz Ag

Boulevard

Independence Gold

Yukon, Ontario

Exploration

1% NSR

Camflo Northwest

Monarch Gold

Val d'Or, Quebec

Exploration

1% NSR

Edwards Mine

Waterton

Wawa, Ontario

Exploration

1.25% NSR

Goodfish Kirana

Warrior Gold

Kirkland Lake, Ontario

Exploration

1% NSR

Kirkland-Hudson

Kirkland Lake Gold

Kirkland Lake, Ontario

Exploration

2% NSR

Pucarana

Buenaventura

Peru

Exploration

Option -1.8% NSR

Capricho

Pucara

Peru

Exploration

1% NSR

Lourdes

Pucara

Peru

Exploration

1% NSR

Santo Tomas

Pucara

Peru

Exploration

1% NSR

Guadalupe/Pararin

Pucara

Peru

Exploration

1% NSR

Orion

Minera Frisco

Nayarit, Mexico

Exploration

2.75% NSR

(4)

Expected to be acquired at a future Third Closing date to be determined

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

NO OFFER OR SOLICITATION

This press release does not constitute an offer to sell or the solicitation of an offer to buy any

securities, nor will there be any sale of securities in any state or jurisdiction in which such offer,

solicitation or sale would be unlawful prior to registration or qualification under the securities laws of

any such state or jurisdiction.

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"

President and CEO

Neither the TSXV nor it's 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 press release contains "forward-looking information" and "forward-looking statements" within

the meaning of applicable Canadian and U.S. securities legislation. The forward-looking

statements herein are made as of the date of this press release only, and the Company does not

assume any obligation to update or revise them to reflect new information, estimates or opinions,

future events or results or otherwise, except as required by applicable law.

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" or "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" or "will" be taken, occur or be achieved. Forward-

looking statements and information include, but are not limited to, the completion of the Third

Closing, any exercise of options on royalties granted to Metalla by

Alamos

, anticipated cash flows

upon completion of the transaction, future financial reporting by Metalla, the receipt of payments

from Metalla's mining royalty and streaming portfolio, the requirement for regulatory approvals and

third-party consents, the Company's financial guidance, outlook, proposed plans for acquiring

additional stream and royalty interests and the potential of such streams and royalty interests to

provide returns and the completion of mine expansion under construction phases at the mines or

properties that the Company holds an interest in. 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 or implied thereby,

and are developed based on assumptions about such risks, uncertainties and other factors set out

herein, including but not limited to: the requirement for regulatory approvals and third party

consents, the impact of general business and economic conditions, the absence of control over the

mining operations from which Metalla will purchase gold and receive royalties, including risks

related to international operations, government relations and environmental regulation, the inherent

risks involved in the exploration and development of mineral properties; the uncertainties involved

in interpreting exploration data; the potential for delays in exploration or development activities; the

geology, grade and continuity of mineral deposits; the possibility that future exploration,

development or mining results will not be consistent with Metalla's expectations; accidents,

equipment breakdowns, title matters, labor disputes or other unanticipated difficulties or

interruptions in operations; fluctuating metal prices; unanticipated costs and expenses;

uncertainties relating to the availability and costs of financing needed in the future; the inherent

uncertainty of production and cost estimates and the potential for unexpected costs and expenses,

commodity price fluctuations; currency fluctuations; regulatory restrictions, including environmental

regulatory restrictions; liability, competition, loss of key employees and other related risks and

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

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. Some of the disclosure in this

press release is based on information publicly disclosed by the owners or operators of these

properties and information/data available in the public domain as at the date hereof, and none of

this information has been independently verified by Metalla.

Readers are cautioned that forward-looking statements are not guarantees of future performance.

All of the forward-looking statements made in this press release are qualified by these cautionary

statements.

SOURCE

Metalla Royalty and Streaming Ltd.

View original content to download multimedia:

http://www.newswire.ca/en/releases/archive/June2019/20/c4311.html

%SEDAR: 00005157E

For further information:

CONTACT 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 17:47e 20-JUN-19

← Back to feed