Metalla provides update on the Santa Gertrudis Royalty acquisition

Metalla provides update on the Santa

Gertrudis Royalty acquisition

TSXV:

MTA

OTCQX:

MTAFF

Frankfurt

:

X9CP

VANCOUVER

,

Oct. 22, 2018

/CNW/ -

Metalla Royalty & Streaming Ltd.

("

Metalla

" or the

"

Company

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

is proceeding to close its acquisition of the 2% net smelter return royalty (the "

Royalty

") on the

Santa Gertrudis

gold property located north of

Hermosillo

in

Sonora, Mexico

from GoGold

Resources Inc. ("

GoGold

") as disclosed in a previous release from Metalla on

September 5, 2018

.

CLOSING

The closing is subject to customary conditions for similar transactions, including (i) notice of the

Transaction to the TSX Venture Exchange and (ii) entry by Metalla and GoGold into an assignment

and assumption agreement pursuant to which the Royalty will be transferred from GoGold to

Metalla.

ABOUT METALLA

Metalla was created to provide 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.

"Brett Heath"

President and CEO

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

This release contains certain "forward looking statements" and certain "forward-looking

information" as defined under applicable Canadian and U.S. securities laws. Forward-looking

statements and information can generally be identified by the use of forward-looking terminology

such as "may", "will", "should", "expect", "intend", "estimate", "anticipate", "believe", "continue",

"plans" or similar terminology.

Forward-looking statements and information include, but are not limited to, statements with respect

to the transactions contemplated under the

Santa Gertrudis

royalty transaction, anticipated cash

flows upon completion of the Transaction, the completion of the Transaction and proposed future

transactions Metalla may undertake and their expected timing. 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 and the impact of general business and economic conditions. 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.

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.

SOURCE

Metalla Royalty and Streaming Ltd.

View original content to download multimedia:

http://www.newswire.ca/en/releases/archive/October2018/22/c2035.html

%SEDAR: 00005157E

For further information:

Metalla Royalty & Streaming Ltd., Brett Heath, President, and 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 16:15e 22-OCT-18