Cortez Mineral Claims Sold To Nevada Gold Mines

VANCOUVER - Metalla Royalty & Streaming Ltd. has closed on a purchase and sale agreement with Nevada Gold Mines, LLC, an entity formed by Barrick Gold Corporation and Newmont Corporation, for the sale by Metalla of the JR mineral claims that make up the Pine Valley property which is part of the Cortez complex in Eureka County, Nevada.

Brett Heath, President and CEO, said, "This transaction is a great example of the embedded optionality within our portfolio. With 85 assets, we firmly believe as the portfolio matures, shareholders will continue to see years of smart deals turn into big wins. We are excited to declare a special dividend allowing shareholders of record to take part in this exciting sale. Our philosophy on paying dividends remains the same in the long-term, aiming to pay out a portion of operating cash to shareholders as the Company's finances allow. We will also use the remaining proceeds to reduce debt and make future royalty acquisitions."