Plan of arrangement

The TSX Venture Exchange has approved the plan of arrangement of Nova Royalty Corp. under the Business Corporations Act (British Columbia), pursuant to which Metalla Royalty and Streaming Ltd. acquired all of the issued and outstanding common shares of Nova.

The plan of arrangement was approved by Nova shareholders on Nov. 27, 2023, at a special meeting of shareholders. Nova received a final order from the Supreme Court of British Columbia on Nov. 29, 2023, in connection with the plan of arrangement.

Pursuant to the plan of arrangement, each Nova shareholder will receive 0.360 of a common share of Metalla for each one Nova share held.

The plan of arrangement is fully described in Nova's information circular dated Oct. 25, 2023.

In addition, please refer to Nova's news releases dated Sept. 8, 2023, Oct. 25, 2023, Nov. 2, 2023, Nov. 27, 2023, Nov. 29, 2023, and Dec. 1, 2023.

Delist

In accordance with the above, the common shares of Nova will be delisted from the exchange. Accordingly, effective at the close of business, Tuesday, Dec. 5, 2023, the common shares of Nova will be delisted.