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Metalla Consolidates Hoyle Pond Extension Royalties

TORONTO, ONTARIO–(Marketwired – May 4, 2017) – Metalla Royalty & Streaming Ltd. (“Metalla” or the “Company”) (CSE:MTA)(OTCQB:EXCFF)(FRANKFURT:X9CP) is pleased to announce that it has signed a definitive agreement with Matamec Exploration Inc. (“Matamec”) to acquire net smelter return (“NSR”) royalties on properties located in Timmins, Ontario. The upfront payment will be, CAD$500,000 in cash and 2,000,000 common shares valued at $0.50 for CAD$1,000,000 of value and a total acquisition price of CAD$1,500,000. Each common share will have one half warrant. Each full warrant will have a term of two years with an exercise price of $0.75.