VANCOUVER - Metalla Royalty & Streaming Ltd. ('Metalla' or the 'Company') (NYSE American: MTA) (TSXV: MTA) is pleased to announce that it has exercised its option with Alamos Gold Corp. (TSX: AGI) to acquire from Alamos Gold its 1.0% net smelter return royalty on the La Fortuna project in Durango State, Mexico owned by Minera Alamos Inc. for aggregate consideration of $1,000,000.
Brett Heath commented: 'We are pleased to acquire another development royalty on a quality gold project in Mexico. This royalty enhances our already robust footprint in Mexico and provides shareholders with exposure to a medium-term development project and potential exploration success within the land package.'
TRANSACTION STRUCTURE
As part of Metalla's acquisition of a royalty portfolio from Alamos Gold announced on April 1, 2019, Metalla acquired an option to acquire the Royalty for a deposit of $400,000 in shares of Metalla upon completion of satisfactory due diligence. The option allowed Metalla to complete the acquisition of the Royalty for an additional $600,000 in cash, which has now been paid in full satisfaction of the Transaction Price.
LA FORTUNA
La Fortuna is a high-grade gold, silver and copper mine in Durango, Mexico currently being moved toward a production decision by Minera Alamos. In a Preliminary Economic Assessment released in August 2018, Minera Alamos published a study that envisions an open pit milling operation that is expected to produce an average of 50Koz of gold-equivalent ounces over a 5-year mine life at an all-in sustaining cost of $440/Oz. The study estimates an after-tax net present value at a 7.5% discount rate of $69.8M, an internal rate of return of 93% and an 11-month payback assuming $1,250/Oz of gold, $16/Oz of silver and $2.60/lb of copper. Minera Alamos has reported that it expects to receive permits in the second half of 2020, with construction expected to begin in 2022. Minera Alamos has found other major gold-bearing structures that exhibit a similar style of mineralization within the La Fortuna land package, most notably, the Ramada, PN Zone and Cerro Pelon. Minera Alamos has announced that it has procured major mill components and is currently negotiating a debt package for their 12-month construction phase.(1,2)
ABOUT METALLA
Metalla was created for the purpose of providing 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.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
Often, but not always, forward-looking statements can be identified by the use of words such as 'plans', 'expects', 'is expected', 'budgets', 'scheduled', 'estimates', 'forecasts', 'predicts', 'projects', 'intends', 'targets', 'aims', 'anticipates' or 'believes' or variations (including negative variations) of such words and phrases or may be identified by statements to the effect that certain actions 'may', 'could', 'should', 'would', 'might' or 'will' be taken, occur or be achieved. Forward-looking statements and information include, but are not limited to, the achievement of development, construction of mine facilities and commercial production at La Fortuna, future high-grade discoveries, , production costs and recoveries, cash flow, the profitability margins achieved at La Fortuna, other anticipated or possible future developments at La Fortuna and the properties on which the Company currently holds royalty and stream interests or relating to the companies owning or operating such properties; future cash generation, Metalla potentially becoming a leading gold and silver royalty and streaming company, and current and potential future estimates of mineral reserves and resources. 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 risk that the parties may be unable to satisfy the closing conditions for the contemplated transactions or that the transactions may not be completed; risks associated with the impact of general business and economic conditions; the absence of control over mining operations from which Metalla will purchase precious metals or from which it will receive stream or royalty payments and risks related to those mining operations, including risks related to international operations, government and environmental regulation, delays in mine construction and operations, actual results of mining and current exploration activities, conclusions of economic evaluations and changes in project parameters as plans are refined; problems related to the ability to market precious metals or other metals; industry conditions, including commodity price fluctuations, interest and exchange rate fluctuations; interpretation by government entities of tax laws or the implementation of new tax laws; regulatory, political or economic developments in any of the countries where properties in which Metalla holds a royalty, stream or other interest are located or through which they are held; risks related to the operators of the properties in which Metalla holds a royalty or stream or other interest, including changes in the ownership and control of such operators; risks related to global pandemics, including the novel coronavirus (COVID-19) global health pandemic, and the spread of other viruses or pathogens; influence of macroeconomic developments; business opportunities that become available to, or are pursued by Metalla; reduced access to debt and equity capital; litigation; title, permit or license disputes related to interests on any of the properties in which Metalla holds a royalty, stream or other interest; the volatility of the stock market; competition; future sales or issuances of debt or equity securities; use of proceeds; dividend policy and future payment of dividends; liquidity; market for securities; enforcement of civil judgments and risks relating to Metalla potentially being a passive foreign investment company within the meaning of U.S. federal tax laws and the other risks and uncertainties disclosed under the heading 'Risk Factors' in the Company's most recent annual information form, annual report on Form 40-F and other documents filed with or submitted to the Canadian securities regulatory authorities on the SEDAR website at www.sedar.com and the U.S. Securities and Exchange Commission on the EDGAR website at www.sec.gov. 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.
Contact:
Brett Heath
Tel: 604-696-0741
Email: info@metallaroyalty.com
MINERA ALAMOS INC. 
