November2017I www.metallaroyalty.comI Canada:MTAI US:MTAFFI 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.

FOUNDATION OF A SUCCESSFUL ROYALTY AND STREAMING COMPANY

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ü EXPERIENCED MANAGEMENTTEAMWITHTRACKRECORDOFSUCCESS

ü FOCUSEDONANUNDERSERVEDPARTOFTHEMARKETWITHPROVENSTRATEGY

ü ROBUSTPIPELINEOFTRANSACTIONSWITHFAVORABLERATESOFRETURN

ü STRONGCOUNTERPARTIESANDGEOGRAPHICALLYDIVERSIFIED

ü 100%EXPOSURETOPRECIOUSMETALS

TIMELINE

4

HighStreamCorp(SpecialtyRoyalty&StreamingCompany)

2090720OntarioIncRoyaltyPortfolio(5Royalties)

SilverbackSilverStream(1Stream)

SEPT OCT NOV DEC JAN FEB MAR APR MAY JUN

2016 2017

IEPRoyaltyPortfolio(6Royalties)

MatamecRoyaltyPortfolio(5Royalties)

CoeurMiningRoyaltyPortfolio

(3Royalties,1Stream)

STRONGTRACKRECORDOFACQUIRINGACCRETIVEROYALTYANDSTREAMINGASSETS

Orefinders(RoyaltyOption)

CanadaRoyalties• HoylePondExtension• TimminsWestExtension•TVZ•DeSantisMine•BintProperty•MontclergProperty•ColbertAnglo•PelangioPoirier•Beaudoin•DNA•SirolaGrenfell•MiradoMine•Solomon’sPillar

EcuadorRoyalty•Zaruma

ChileRoyalty•Puchildiza

ArgentinaRoyalty•Joaquin

TanzaniaStream•NLGM

AustraliaStream•Endeavor

Legend• Producing• Development• Exploration

GEOGRAPHICALLY DIVERSIFIEDPORTFOLIO

5

PORTFOLIO - PRODUCING

6

ASSET ENDEAVORMINE

METALLAINTEREST 100%OFBY-PRODUCTSILVERSTREAM(AG)

OPERATOR

METALPRODUCED PB,ZN, AG

LOCATION NSW AUSTRALIA

SILVERRESERVES 987,500AGOUNCESINCURRENTMINE

PLAN

ONGOINGPAYMENT

$1USDPEROUNCE +50%OFSILVERPRICE

ABOVE$7USDPEROZ

PRODUCTIONGUIDANCEFY2018

400,000– 450,000 OZAG

ASSET NEW LUIKAGOLDMINE(“NLGM”)

METALLAINTEREST 15%OFBY-PRODUCTSILVERSTREAM(AG)

OPERATOR

METALPRODUCED AU, AG

LOCATION TANZANIA,LUPAGOLDFIELDS

ONGOINGPAYMENT

10%OFSPOTOFSILVER(AG)

PRODUCTIONGUIDANCEFY2018

120,000– 150,000 OZAG

ASSET ZARUMAMINE

METALLAINTEREST 1.5%NSRROYALTYONPRODUCTION

OPERATOR

METALPRODUCED AU, AG

LOCATION ZARUMA-PORTOVELODISTRICT- ECUADOR

RESOURCES M&I1,094,000OZAU,ANDINFERRED

1,448,000OZ AU

PRODUCTIONGUIDANCEFY2018

15,000– 20,000 OZAU

ASSET HOYLEPONDEXTENSION

METAL: GOLD

COUNTRY: CANADA

INTEREST: 2%NSRROYALTY(500,000OZAU EXEMPTION)

OPERATOR:

GUIDANCE: FY2018 160,000OZAU(EXTENSIONUNDER

DEVELOPMENT)

PORTFOLIO - DEVELOPMENT

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ASSET JOAQUINPROJECT

METAL: SILVER

COUNTRY: ARGENTINA

INTEREST: 2%NSRROYALTYONPRODUCTION

OPERATOR:

RESOURCES: 65MOZAG43-101UNDER

M&I (UNDERDEVELOPMENT)

ASSET TIMMINSWESTEXTENSION

METAL: GOLD

COUNTRY: CANADA

INTEREST: 1.5%NSRROYALTY(SUBJECTTO0.75%BUYBACK)

OPERATOR:

GUIDANCE: GUIDANCEFY201855,000– 65,000OZAU

(EXTENSIONUNDERDEVELOPMENT)

PORTFOLIO - EXPLORATION

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Property Operator Location Stage Metal Terms NotesTVZZone Goldcorp Canada Development Au 2%NSR Zone atdepth

DeSantisMine OsiskoMining Canada EarlyExploration Au 1.5%NSR Located inTimminsgoldtrend

BintProperty Glencore Canada EarlyExploration Au 2%NSR Nocurrentworkplanned

Colbert/Anglo Goldcorp Canada EarlyExploration Au 2%NSR Subject to0.75%buyback

Montclerg IEP Canada AdvancedExploration Au 1%NSR Drillprogramplanned

PelangioPoirier PelangioExp. Canada EarlyExploration Au 1%NSR Downplunge fromGapZone.

DNA DetourGold Canada EarlyExploration Au 2%NSR OnwestextensionofDetourCamp

Beaudoin ExplorResources

Canada EarlyExploration Au,Ag 0.4%NSR LocatedadjacenttooldDeSantismine

SirolaGrenfell GoldenPeakRes.

Canada EarlyExploration Au 0.25%NSR

2-compartmentshaft.Potential forlowgradebulkminableresource

MiradoMine Orefinders Canada AdvancedExploration Au 1%NSR +Option

442,000ozAuinferred 43-101report(1)

Solomon’sPillar Sage Gold Canada EarlyExploration Au 1%NSR Narrow butveryhighgradegold.3-compartmentshaft

Puchildiza RegulusResources

Chile AdvancedExploration Au 1.5% NSR 686,000ozAuInferred43-101report(2)

(1) Seetechnicalreportathttp://www.orefinders.ca/overview/(2) Seetechnicalreportatwww.regulusresources.com/projects/puchuldiza-chile/

LEADERSHIP

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LawrenceRoulstonNon– ExecutiveChairmanMiningprofessionalandgeologist

withover35yearsofdiversehands-onexperience

CharlesBeaudryIndependentDirector30yearsexperienceasa

geologist,businessdevelopment,explorationchemistry

EBTuckerIndependentDirectorCaseyReportEditor,15years

experienceinfundmanagementandsecurityanalysis

BrettHeathPresidentandCEO,Director

10yearsexperienceinstructuredfinance,corporatefinance,andinvestmentmanagement,

5yearsofroyaltyandstreamingexperience

BillTsangChiefFinancialOfficer

CharteredProfessionalAccountantwithmorethan10yearsoffinancialaccountingandauditingexperience

inthemineralexplorationandminingindustry

KimCasswellCorporateSecretary

25yearsexperienceCorporateSecretaryofseveralpubliccompanieslistedonTSX-Vand

theTorontoStockExchange

COMPANY OVERVIEW

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SHAREPRICE(November2,2017) 57CENTS

SHARESOUTSTANDING(undiluted)

73M

MARKETCAP(CanadianDollars) $42M

OPTIONS 6M

WARRANTS 3.5M@45 cents5.2M@75cents

OWNERSHIPCAPITALSTRUCTURE

YTDPERFORMANCE

Canada:MTAI US:MTAFFI Germany:X9CP

GUIDANCE

400,000– 470,000(1)

SILVEREQUIVALENTOUNCESFISCALYEAR2018(2)

(1)70-1silver-goldratio(2)June1,2017– May31,2018

CoeurMining 14,546,600 19.9% Europac 5,000,000 6.8% BrettHeath 2,860,000 3.9% IEP 2,600,000 3.6% Roger Dent 2,438,332 3.3% Kjell Akesson 2,076,667 2.9% Matamec ExplorationInc 2,000,000 2.7% RossQuigleyandFamily 1,516,666 2.1% AdrianDayAssetManagement 1,461,000 2.0% Andrew Robertson 1,310,666 1.8% TimGallagherandFamily 1,293,749 1.8% InflectionCapital 1,238,166 1.7% USGlobal 1,000,000 1.4% DougCasey 966,666 1.3% PaulStephens 833,333 1.1%

Company Symbol YTDPerformanceNovember2,2017)Metalla Royalty&Streaming MTA 46% RoyalGold RGLD 37% FrancoNevada FNV 28% AuricoMetals AMI 27% Osisko GoldRoyalties OR 23% SandstormGold SSL 9% MaverixMetals MMX 2% WheatonPreciousMetals WPM 2% AbitibiRoyalties RZZ -4% EMXRoyalty EMX -28%

FUTURE GOALS

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ü REINVEST50%OFCASHFLOWANDPAYOUT50%INTHEFORMOFADIVIDEND

ü UPLISTTOTSXV TIER1EXCHANGE

ü GROWCASHFLOWFROMOPERATIONSTO$10MILLIONANNUALLY

ü CONTINUETOEXECUTEACCRETIVETRANSACTIONS

ü REALIZEMULTIPLEEXPANSION

ü BECOMEATTRACTIVETAKE-OVERTARGETFORMAJORS

WHY INVEST NOW

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Company(Nov 3,2017) Ticker StockPrice MarketCapFrancoNevada FNV $102.88 19BWheatonPreciousMetals WPM $26.48 11.7BRoyalGold RGLD $86.63 5.7BOsiskoGoldRoyalties OR $16.17 2.5BSandstormGold SSL $5.74 1BMaverixMetals MMX $1.65 253MAuricoMetals AMI $1.28 207MAbitibiRoyalties RZZ $8.40 96MEMXRoyalty EMX $0.95 75MMetallaRoyalty MTA $0.57 42M 6

18

10

CashFlowAnnually(CADMillions)

MetallaVSPeers

Metalla Maverix

Aurico

$102Minpotentialvalue7

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CashFlowMultiple

MetallaVSMajors

Metalla MajorStreamingCompanies*

*AveragemultipleforFrancoNevada,WheatonPreciousMetals,andRoyalGoldasofAugust2017

MultipleExpansion

UNIQUELYPOSITIONEDFORARE-RATINGINVALUATION

• As junior royalty or streaming companies diversify theirportfolios and grow free cash from operations to $10 millionannually or greater, historically, this is when you see multipleexpansion.

• The Cash Flow Multiple (Price/Operating Cash Flow) is themetric most often used when understanding valuations forroyalty and streaming companies. This means for every $1million generated from royalties or streams times themultiple equals the market capitalization. Meaning themajors currently receive $24 million in market cap value onaverage for every $1 million generated.

APPENDIX

www.metallaroyalty.comIinfo@metallaroyalty.comPhone:+1(604)696-0741

Suite501- 543GranvilleStreet,Vancouver,BCV6C1X8Canada

MTAIMTAFFIX9CP

WHY ROYALTY AND STREAMING?

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MiningCompany

Royalty/StreamingCompany

PP//NNAAVVMMuullttiipplleeEExxppaannssiioonn

Valueoffuturepreciousmetalproductioninaminingcompanyvs.royalty/streamingcompany

14

InitialpaymentMining

Company

Perouncepayment

Deliveryofmetal

1

2

3

InitialpaymentMining

Company

Percentageofrevenuegenerated

1

2

STREAMINGPROCESS ROYALTYPROCESS

ENDEAVOR SILVER STREAM

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MetallaInterest 100%ofBy-productsilverstream(Ag)

Operator CBHResources

MetalProduced Pb,Zn, Ag

Location NSW Australia

Project Status Producing

SilverReserves 987,500Agouncesincurrentmineplan

Ongoingpayment $1USDperounce(1) +50%ofsilverpriceabove

$7USDperOz

ProductionGuidanceFY2018

400,000– 450,000 OzAg

(1)PlusadjustmentsforinflationindexedtoCPI

• Longhistoryofoperations• Exploration/extensiondrillingprogram

underway• Fiscalq1- 115,667ouncesofsilver

productionwithanaveragecashmarginofoverUS$10.

NLGM SILVER STREAM

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MetallaInterest 15%ofBy-productsilverstream(Ag)

Operator ShantaGold (LON:SHG)

MetalProduced Au, Ag

Location SouthwestTanzania,Lupa GoldFields

Project Status Producing

Ongoingpayment 10%ofSpotofsilver(Ag)

ProductionGuidanceFY2018

120,000– 150,000 OzAg

• 10yearstream(expires2026)• Lowestquartileofcostsamongstproducers• Experiencedmanagementteam• Achievedundergroundexpansionontimeand

underbudget

ZARUMA ROYALTY

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MetallaInterest 1.5%NSRRoyaltyonproduction

Operator CoreGoldInc.(TSXV:CGLD)

MetalProduced Au, Ag

Location Zaruma-PortoveloMiningDistrictofsouthernEcuador

Project Status Producing

Resources MeasuredandIndicated1,094,000ozAu,and

Inferred1,448,000Oz Au(1)

ProductionGuidanceFY2018

15,000– 20,000 OzAu

• Achieveditstargeted800tonsperday("tpd")operatingrateatthemillinJune2017.

• Companycompletedsuccessfulcorporaterestructure

• Newexperiencedmanagementteam

(1) Seetechnicalreport:https://www.dynastymining.com/operations/technical-reports

JOAQUIN ROYALTY

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MetallaInterest 2%NSRRoyaltyonproduction

Operator PanAmericanSilver(TSE:PAAS)

MetalProduced Ag, Au

Location Santa Cruz Province,Argentina

Project Status Development

Resources MeasuredandIndicatedresourceof65.2millionozAg and61,100ozofAu(1)

• PanAmericanrecentlypurchasedforUSD$25M

• TruckingdistancetoPanAmericanManantialEspejoplantforprocessing

• GuidanceonproductiondecisionexpectedinQ42017

(1)Pleaserefertoatechnicalreporttitled"JoaquinProjectNI43-101TechnicalReport"anddatedFebruary15,2013(the"JoaquinReport").

HOYLE POND EXTENSION ROYALTY

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MetallaInterest 2%NSRRoyalty onproduction(onleasedminingrightssubject to500,000oz

Auexemption)

Operator GoldcorpInc.(NYSE:GG)

MetalProduced Au

Location Timmins,OntarioCanada

Project Status Producing(extensionunderdevelopment)

Resources Nocurrent reserve/resourceontheextension

ProductionGuidanceFY2018

155,000– 160,000 OzAu

• Goldcorp October 25, 2017 NR reserves andresources estimate stated “In 2018, reservereplacement will be focused on theevaluation of the down plunge extension ofthe mineralized veins at Hoyle Pond”

(1)ResourcesinPorcupineCampseeGoldcorp2016reservesandresourcesreport

TIMMINS WEST EXTENSION ROYALTY

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MetallaInterest 1.5%NSRRoyaltyonproduction(extensionclaim)subjectto0.75%buybackfor

USD$750,000

Operator TahoeResources(NYSE:TAHO)

MetalProduced Au

Location Timmins, OntarioCanada

Project Status Producing(extensionunderdevelopment)

Resource Nocurrentreserve/resourceontheextension

ProductionGuidanceFY2018

55,000– 65,000 OzAu

• PlannedUSD$60Minvestmentondeepershafttoaccesslowerlevelsonextension

• 60,000metersofdrillingin2016• Planstoexpandproductioninminingcamp