Metalla Signs LOI to Acquire 15% of the New Luika GOLD MINE Silver Stream from Silverback Ltd

METALLA SIGNS LOI TO ACQUIRE 15% OF THE NEW LUIKA GOLD MINE

SILVER STREAM FROM SILVERBACK LTD

FOR IMMEDIATE RELEASE Toronto CSE: MTA

OTCQB: EXCFF

January 18, 2017

Frankfurt: X9CP

Toronto, Canada: Metalla Royalty & Streaming Ltd. (“Metalla” or the “Company”) (CSE:MTA)

(OTCQB:EXCFF) (FRANKFURT:X9CP ) is pleased to ann ounce that it has signed a Letter of

Intent to acquire 15% of the issued shares in Silverback Ltd and an option to invest in a second

gold stream for US$2 million. Silverback owns a silver stream at a producing gold mine which in

2015 produced 81,873 oz Au and 121,682 oz Ag.

The silver stream covers 100% of the silver produced from the operation. According to the Silver

Streaming Agreement, silver is purchased at 10% of the spot price and the stream continues

through 2026. Metalla will also have the option to participate with Silverback Ltd on an additional

gold stream subject to due diligence.

“This transaction will represent a major step for Metalla as it will be its first cash flowing asset as

well as provide direct exposure to silver. We are also pleased to have established a strategic

relationship with Silverback Ltd., which is expected to provide ongoing opportunities to co-invest

in gold and silver streams in the future,” commented Brett Heath, President of Metalla.

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.

Neither the Canadian Securities Exchange nor its Regulation Services Provider

accepts responsibility for the adequacy or accuracy of this release.

On behalf of the Board of Directors:

“Brett Heath”

President and Director

Metalla Royalty & Streaming Ltd.

For more information please contact:

Tel: 416-925-0090

Email: [email protected]

www.metallaroyalty.com