Mr. Brett Heath reports

METALLA ANNOUNCES CLOSING OF BEEDIE CONVERSION, DEBT REPAYMENT OF C$2 MILLION, AND ANNUAL EQUITY GRANT

Beedie Capital increased its equity position in Metalla Royalty and Streaming Ltd. with the company's issuance of 412,088 common shares of Metalla on Feb. 4, 2025. As previously announced by the company, on Jan. 13, 2025, Beedie elected to convert $1.5-million of the accrued and unpaid interest under the existing convertible loan facility between Metalla and Beedie into 412,088 shares at a conversion price of $3.64 per Share, being the closing price of the shares on the TSX Venture Exchange on Jan. 13, 2025. Following the interest conversion, Beedie now owns approximately 10.3 per cent of the issued and outstanding shares.

Additionally, on Jan. 31, 2025, the company made a payment of $2-million to Beedie to reduce all unpaid and accrued fees and interest under the loan facility to nil as of the payment date. As at Jan. 31, 2025, taking into account the conversion and payment discussed above, the company had $16.4-million outstanding under the loan facility with a conversion price of $6 per share and had $30.9-million available under the loan facility, with the conversion price to be determined on the date of any future advances.

Annual equity grant

Effective Feb. 20, 2025, Metalla completed its 2024 annual equity grant in accordance with the company's share compensation plan. Metalla has granted an aggregate of 525,788 restricted share units and an aggregate of 955,000 stock options to certain directors, officers, consultants and employees of the company. The RSUs and options vest in two equal instalments, 12 months and 24 months from the date of grant. Each vested RSU will entitle the holder to receive one share and each vested option will entitle the holder to acquire one share at an exercise price of $4.41 for a period of five years.

About Metalla Royalty and Streaming Ltd.

Metalla is a royalty and streaming company with leveraged exposure to gold, silver and copper. The company offers investors a peer-leading growth profile with best-in-class operators and jurisdictional exposure focused on North America, South America and Australia. Metalla is led by an experienced management team that has acquired over 100 royalties completing 32 value-accretive transactions over eight years.

We seek Safe Harbor.