July  2017    I www.metallaroyalty.com    I Canada:  MTA    I US:  EXCFF    I Germany:  X9CP

FORWARD LOOKING STATEMENTS

This presentation contains certain "forward looking statements" and certain "forward-­‐looking information" asdefined under applicable Canadian and U.S. securities laws. Forward-­‐looking statements and information cangenerally be identified by the use of forward-­‐looking terminology such as "may", "will", "should", "expect","intend", "estimate", "anticipate", "believe", "continue", "plans" or similar terminology. The forward-­‐lookinginformation contained herein is provided for the purpose of assisting readers in understanding management'scurrent expectations and plans relating to the future. Readers are cautioned that such information may not beappropriate for other purposes.Forward-­‐looking information is subject to known and unknown risks, uncertainties and other factors that maycause the actual actions, events or results to be materially different from those expressed or implied by suchforward-­‐looking information, including but not limited to: the impact of general business and economicconditions; the absence of control over mining operations from which Metalla will purchase gold and other metalsor from which it will receive royalty payments and risks related to those mining operations, including risks relatedto international operations, government and environmental regulation, delays in mine construction andoperations, actual results of mining and current exploration activities, conclusions of economic evaluations andchanges in project parameters as plans continue to be refined; accidents, equipment breakdowns, title matters,labor disputes or other unanticipated difficulties or interruptions in operations; problems inherent to themarketability of gold and other metals; the inherent uncertainty of production and cost estimates and thepotential for unexpected costs and expenses; industry conditions, including fluctuations in the price of the primarycommodities mined at such operations, fluctuations in foreign exchange rates and fluctuations in interest rates;government entities interpreting existing tax legislation or enacting new tax legislation in a way which adverselyaffects Metalla; stock market volatility; regulatory restrictions; liability, competition, loss of key employees andother related risks and uncertainties.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 currentlyavailable. 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.

INVESTMENT HIGLIGHTS

3

ROBUST  PIPELINE  OF  TRANSACTIONS  WITH  FAVOURABLE  RATES  OF  

RETURN

100%  EXPOSURE  TO  PRECIOUS  METALS

GUIDANCE  FISCAL  YEAR  2018

$5.5M-­‐$6.5M(1) CAD  6,000  -­‐ 7,000(2) Gold  Equivalent  Ounces

EXPERIENCED  MANAGEMENT  TEAM

FOCUSED  ON  AN  UNDERSERVED  PART  OF  THE  MARKET

STRONG  COUNTERPARTIES  AND  

GEOGRAPHICALLY  DIVERSIFIED

(1) Based  of   USD  $17  silver  price,  0.74  CAD/USD  exchange  rate(2) Based  on   a  70-­‐1  silver  gold  ratio

COMPANY OVERVIEW

4

SHARE  PRICE  (July  1st 2017) 55  CENTS

SHARES  OUTSTANDING  (undiluted) 71M  

MARKET  CAP  (Canadian  Dollars) $39  M

OPTIONS 3.5M

WARRANTS 10.4M

OWNERSHIP  CAPITAL  STRUCTURE  (Post  Coeur  Transaction   Closing)

YTD  PERFORMANCE

Canada:  MTA    I US:  EXCFF    I Germany:  X9CP

YTD  CHART

Coeur  Mining  (estimated) 14,132,534   19.9%Europac Gold  Fund 3,333,333   4.7%IEP   2,900,000   4.1%Brett  Heath 2,860,000   4.0%Roger  Dent 2,438,332   3.4%Kjell  Akesson                                   2,076,667   2.9%Matamec  Exploration   Inc 2,000,000   2.8%Ross  Quigley  and  Family 1,516,666   2.1%Adrian  Day  Asset  Management 1,461,000 2.1%Tim  Gallagher  and  Family 1,401,749   2.0%Andrew  Robertson                           1,310,666   1.8%Inflection  Capital             1,238,166   1.7%US  Global 1,000,000   1.4%Paul  Stephens 833,333   1.2%Doug  Casey 666,666   1.0%

Company Symbol YTD  Performance  (July   1,  2017)Metalla Royalty  &  Streaming MTA 41%Royal  Gold RGLD 24%Osisko  Gold  Royalties OR 21%Franco  Nevada FNV 16%Aurio  Metals AMI 11%Abitibi   Royalties RZZ 4%Wheaton  Precious  Metals WPM 2%Maverix  Metals MMX -­‐4%Sandstorm  Gold SSL -­‐7%EMX  Royalty EMX -­‐9%

LEADERSHIP

5

Tim  GallagherChairman

Chartered  Financial  Analyst  with  20  years  capital  markets  and  public  

company   experience

Lawrence  RoulstonIndependent   DirectorMining  professional   and  

geologist  with  over  35  years  of  diverse  hands-­‐on   experience

Charles  BeaudryIndependent   Director30  years  experience  as  a  

geologist,  business  development,  exploration  chemistry

EB  TuckerIndependent   Director

Casey  Report  Editor,  15  years  experience   in  fund  management  

and  security  analysis  

Brett  HeathPresident   and  CEO,  Director

10  years  experience  in  structured  finance,  corporate  finance,   and  investment  management,  

5  years  of  royalty  and  streaming  experience  

Bill  TsangChief   Financial   Officer

Chartered  Professional  Accountant  with  more  than  10  years  of  financial  accounting   and  auditing  experience  

in  the  mineral  exploration  and  mining  industry

Kim  CasswellCorporate  Secretary

25  years  experience  Corporate  Secretary  of  several  public  companies   listed  on  TSX-­‐V  and  

the  Toronto  Stock  Exchange

TIMELINE

6

High  Stream  Corp(Specialty  Royalty  &  Streaming  Company)

2090720  Ontario   Inc  Royalty  Portfolio(5  Royalties)

Silverback  Silver  Stream(1  Stream)

SEPT OCT NOV DEC JAN FEB MAR APR MAY JUN

2016 2017

IEP  Royalty  Portfolio(6  Royalties)

Matamec  Royalty  Portfolio(5  Royalties)

Coeur  Mining  Royalty  Portfolio

(3  Royalties,  1  Stream)

6  ACQUISITIONS  FOR  19  ROYALTIES  AND  2  STREAMS  IN  10  MONTHS

Orefinders(Royalty  Option)

TRANSFORMATIONAL COEUR TRANSACTION

7

TRANSACTION  TERMSCONSIDERATION:  USD$13M

1) common shares of Metalla issued at a price equal tothe 30-­‐day volume weighted average price ofMetalla’s common shares as of the date immediatelypreceding the closing date;

2) and an unsecured convertible debenture (the“Convertible Debenture”) in the principal amount ofthe balance of the Purchase Price and bearinginterest at a rate of 5% per annum.

IMMEDIATE  CASH  FLOW MAJOR  AS  SHAREHOLDER

NEW  ROYALTIES  AND  STREAM

2018  FY  CASH  FLOW  FOR  COEUR  PORTFOLIO

5,500-­‐6,500(1) Gold  Equivalent  Ounces  (GEO)$5M-­‐$6M  CAD(2) CASH  FLOW

(1)Using   a  silver  to  gold  ratio  of  70-­‐1(2)Using   an  average  silver  price  of  USD  $17

3  Royalties  and  1  Stream1) Endeavor  Silver  Stream  (Producing)2) 1.5%  Royalty  on  Zaruma  (Producing)3) 2%  Royalty  on  Joaquin  project  (under  

development  by  Pan  American  Silver)4) 1.5%  Royalty  on  Puchildiza  held  by  

Regulus  Resources

Coeur  Mining  Inc.  (CDE:NYSE)  

Coeur Mining is a multi-­‐billion dollar well-­‐diversified, growing precious metals producerwith five precious metals mines in the Americasemploying approximately 2,000 people.

3  PRODUCING  ROYALTIES  AND  

STREAMS

PORTFOLIO

8

6,000  -­‐7,000(1)GOLD  EQUIVALENT  OUNCES  FY  2018

12  EXPLORATION  ROYALTIES

3  DEVELOPMENT  ROYALTIES

Canada  Royalties• Hoyle  Pond  Extension• Timmins  West  Extension•  TVZ•  DeSantis  Mine•  Bint   Property•  Montclerg   Property•  Colbert   Anglo•  Pelangio  Poirier•  Beaudoin•  DNA  •  Sirola  Grenfell•  Mirado  Mine•  Solomon’s   Pillar

Ecuador  Royalty•  Zaruma

Chile   Royalty•  Puchildiza

Argentina  Royalty•  Joaquin

Tanzania  Stream•  NLGM   Australia  Stream

•    Endeavor  

GEOGRAPHICALLY  DIVERSIFIEDLegend• Producing• Development•  Exploration

(1)   70-­‐1  Silver  to  gold  ratio

PORTFOLIO - PRODUCING

9

ENDEAVOR ZARUMANLGM

100%  Bi-­‐product  silver  stream 1.5%  NSR  Royalty  on  production15%    Bi-­‐product  silver  stream

GUIDANCE  FY  2018400,000  – 450,000  oz  Silver

GUIDANCE  FY  201815,000-­‐20,000    oz  Gold

GUIDANCE  FY  2018125,000-­‐150,000  oz  Silver

AUSTRALIA METAL   :  SILVER TANZANIA METAL   :  GOLD ECUADORMETAL   :  SILVER

OPERATOR: OPERATOR:OPERATOR:

PORTFOLIO - DEVELOPMENT

10

HOYLE  POND  EXTENSION TIMMINS  WEST  EXTENSIONJOAQUIN

2%  NSR  Royalty  (500,000  oz  Au  exemption)

1.5%  NSR  Royalty  subject   to  0.75%    buyback

2%  NSR  Royalty  on  production

GUIDANCE  FY  2018160,000  oz  Au

(Extension  under   development)

GUIDANCE  FY  201855,000  – 65,000    oz  Au

(Extension  under   development)

65M  oz  Ag  43-­‐101  under   M&I(Under  development)

CANADA METAL   :  SILVER ARGENTINA METAL   :  GOLD CANADAMETAL   :  GOLD

OPERATOR: OPERATOR:OPERATOR:

PORTFOLIO - EXPLORATION

11

Property Operator Location Stage Metal Terms NotesTVZ  Zone Goldcorp Canada Development Au 2%  NSR Zone at  depth

DeSantis  Mine Osisko  Mining Canada Early  Exploration Au 1.5%  NSR Located in  Timmins  gold  trend

Bint  Property Glencore Canada Early  Exploration Au 2%  NSR No  current  work  planned

Colbert/Anglo Goldcorp Canada Early  Exploration Au 2%  NSR Subject to  0.75%  buyback

Montclerg IEP Canada Advanced  Exploration Au 1%  NSR Drill  program  planned

Pelangio  Poirier Pelangio  Exp. Canada Early  Exploration Au 1%  NSR Down  plunge from  Gap  Zone.

DNA   Detour  Gold Canada Early  Exploration Au 2%  NSR On  west  extension  of  Detour  Camp

Beaudoin Explor  Resources

Canada Early  Exploration Au,  Ag 0.4%  NSR Located  adjacent  to  old  DeSantis  mine

Sirola  Grenfell Golden  Peak  Res.

Canada Early  Exploration Au 0.25%  NSR

2-­‐compartment  shaft.    Potential for  low  grade  bulk  minable  resource

Mirado  Mine Orefinders Canada Advanced  Exploration Au 1%  NSR +  Option

442,000  oz  Au  inferred 43-­‐101  report  (1)

Solomon’s  Pillar Sage Gold Canada Early  Exploration Au 1%  NSR Narrow but  very  high  grade  gold.    3-­‐compartment  shaft

Puchildiza Regulus  Resources

Chile Advanced  Exploration Au 1.5% NSR   686,000  oz  Au  Inferred  43-­‐101  report  (2)

(1) See  technical   report   at  http://www.orefinders.ca/overview/(2) See  technical   report   at  www.regulusresources.com/projects/puchuldiza-­‐chile/

GOALS

12

$10M  IN  FREE  CASH  FLOW  ANNUALLY  WITH  ESTIMATED  MARKET  CAP  OF  $200M(1)

BECOME  ATTRACTIVE  TAKE-­‐OVER  TARGET  

FOR  MAJORS

PROVIDE  REAL  YIELD  AND  LEVERAGE  TO  GOLD  AND  SILVER  

PRICES

REINVEST  50%  OF  CASH  FLOW  AND  PAY  OUT  

50%  IN  THE  FORM  OF  A  DIVIDEND

EXPAND  DIVERSIFIED  PORTFOLIO  

ACQUIRE  NON-­‐CORE  PRODUCING  ROYALTIES  

AND  STREAMS

(1)   Based  on  a  CF  multiple  of  20x,  see  sector  snapshot  in  appendix   for  relevant  trading  comparables

CONTACT  INFORMATIONwww.metallaroyalty.com    I    info@metallaroyalty.com

Phone:  +1  (604)  696-­‐0741Suite  501  -­‐ 543  Granville  Street,  Vancouver,  BC  V6C  1X8  Canada

MTA    I    EXCFF    I    X9CP

SECTOR SNAPSHOT

14

Company Ticker Stock  Price Market  CapFranco  Nevada FNV $95.60   17BWheaton  Precious  Metals WPM $25.37   11.2BRoyal  Gold RGLD $75.34   4.9BOsisko  Gold  Royalties OR $16.12   1.7BSandstom Gold SSL $4.78   732MMaverix  Metals MMX $1.49   221MAurico  Metals AMI $1.26   203MAbitibi  Royalties RZZ $9.13   104MEMX  Royalty EMX $1.19   87MMetalla  Royalty (Including  Coeur  Transaction) MTA $0.55   39M

Precious  Metal  Royalty  and  Streamers

6

18

10

Cash  Flow  Annually  (CAD  Millions)

Metalla VS  Peers

Metalla Maverix  

Aurico

MORE  UPSIDE  POTENTIALBETTER  VALUE

HIGHER  GROWTH  PROFILEMULTIPLE  EXPANSION

LEADING  GOLD  AND  SILVER  COMPANY

$96M  in  potential   value

6

22

Cash  Flow  Multiple

Metalla  VS  Majors

Metalla Major  Streaming  Companies*

*  Average  multiple  for  Franco  Nevada,  Wheaton  Precious  Metals,  and  Royal  Gold  as  of  May  2017

Multiple  Expansion

WHY ROYALTY AND STREAMING?

15

Mining  Company

Royalty/Streaming  Company

PP//NNAAVV    MMuullttiippllee    EExxppaannssiioonn

Value  of  future  precious  metal  production  in  a  mining  company  vs.  royalty/streaming  company

15

Initial  paymentMiningCompany

Per  ounce  payment

Delivery  of  metal

1

2

3

Initial  paymentMiningCompany

Percentage  of  revenue  generated  

1

2

STREAMING  PROCESS ROYALTY  PROCESS

ENDEAVOR SILVER STREAM

16

Metalla  Interest 100%  of  Bi-­‐product  silver  stream  (Ag)

Operator CBH  Resources

Metal  Produced Pb,  Zn, Ag

Location NSW Australia

Project Status Producing

Silver  Reserves 987,500  Ag  ounces   in  current  mine  plan

On  going  payment $1  USD  per  ounce(1) +  50%  of  silver  price  above  

$7  USD  per  Oz  

Production  Guidance  FY  2018

400,000  – 450,000 Oz  Ag

(1)   Plus  adjustments  for  inflation  indexed   to  CPI

• Long  history  of  operations• Potential  for  expansion• Region’s  largest  zinc,  lead  and  silver  producer• Achieved  new  production   run  rate  of  40,000  

tonnes  per  month  (Avg.  73  gpt  Ag  with  45%  recoveries)

NLGM SILVER STREAM

17

Metalla  Interest 15%  of  Bi-­‐product  silver  stream  (Ag)

Operator Shanta  Gold (LON:SHG)

Metal  Produced Au, Ag

Location Southwest   Tanzania,  Lupa Gold  Fields

Project Status Producing

On  going  payment 10%  of  Spot   of  silver  (Ag)

Production  Guidance  FY  2018

120,000  – 150,000 Oz  Ag

• 10  year  stream  (expires  2026)• Lowest  quartile  of  costs  amongst  producers• Experienced  management  team• Achieved  underground  expansion  on  time  and  

under  budget

ZARUMA ROYALTY

18

Metalla  Interest 1.5%  NSR  Royalty  on  production

Operator Dynasty  Metals  and  MiningInc.  (TSXV:DMM)

Metal  Produced Au, Ag

Location Zaruma-­‐Portovelo  Mining  District  of  southern  Ecuador

Project Status Producing

Resources Measured  and  Indicated  1,094,000  oz  Au,  and  

Inferred  1,448,000  Oz Au(1)

Production  Guidance  FY  2018

15,000  – 20,000 Oz  Au

• Achieved  its  targeted  800  tons  per  day  ("tpd")  operating  rate  at  the  mill  in  June  2017.  

• Company  completed  successful  corporate  restructure

• New  experienced  management  team

(1) See  technical  report:  https://www.dynastymining.com/operations/technical-­‐reports

JOAQUIN ROYALTY

19

Metalla  Interest 2%  NSR  Royalty  on  production

Operator Pan  American  Silver  (TSE:PAAS)

Metal  Produced Ag, Au

Location Salta  Province,  Argentina

Project Status Development

Resources Measured  and  Indicated  resource  of  65.2  million  ozAg and  61,100  oz  of  Au(1)

• Pan  American  recently  purchased  for  USD  $25M

• Trucking  distance  to  Pan  American  ManantialEspejo  plant  for  processing

• Experienced  operator

(1)   Please  refer  to  a  technical  report  titled  "Joaquin  Project  NI  43-­‐101  Technical  Report"  and  dated  February  15,  2013  (the  "Joaquin  Report").  

HOYLE POND EXTENSION ROYALTY

20

Metalla  Interest 2%  NSR  Royalty on  production  (on   leased  mining  rights  subject to  500,000  oz  

Au  exemption)

Operator Goldcorp  Inc.  (NYSE:GG)

Metal  Produced Au

Location Timmins,  OntarioCanada

Project Status Producing  (extension  underdevelopment)

Resources No  current reserve/resource  on  the  extension

Production  Guidance  FY  2018

155,000  – 160,000 Oz  Au

• Goldcorp  spent  USD  $194M  on  deep  hole  project  extending  shaft  to  access  lower  levels  on  extension

• 80,000+  meters  drilled  in  2016• Long  life  asset  (production  since  1985)

(1)   Resources   in  Porcupine  Camp   see  Goldcorp  2016  reserves  and  resources  report

TIMMINS WEST EXTENSION ROYALTY

21

Metalla  Interest 1.5%  NSR  Royalty  on  production  (extension  claim)  subject  to  0.75%  buyback  for  

USD  $750,000

Operator Tahoe  Resources  (NYSE:TAHO)

Metal  Produced Au

Location Timmins, OntarioCanada

Project Status Producing  (extension  under  development)

Resource No  current  reserve/resourceon  the  extension

Production  Guidance  FY  2018

55,000  – 65,000 Oz  Au

• Planned  USD  $60M  investment  on  deeper  shaft  to  access  lower  levels  on  extension

• 60,000  meters  of  drilling  in  2016• Plans  to  expand  production   in  mining  camp