VANCOUVER - Metalla Royalty & Streaming Ltd. ('Metalla' or the 'Company') (NYSE American: MTA) (TSXV: MTA) is pleased to report Yamana Gold Inc. ('Yamana') (TSX: YRI) (NYSE: AUY) (LSE: AUY) has announced by press release dated November 2, 2020 that it has entered into a definitive agreement (the 'Agreement') with Monarch Gold Corporation ('Monarch') (TSX: MQR) whereby Yamana will acquire the Wasamac gold project (the 'Wasamac Project') and the Camflo property and mill and, collectively with the Wasamac Project, through the acquisition of all of the outstanding shares of Monarch not owned by Yamana pursuant to a plan of arrangement for aggregate consideration, including cash and shares, of approximately $152 million.
Metalla owns a 1.5% Net Smelter Return royalty, with a buy back right of 0.5%, for $7.5 million on the Wasamac Project and a 1.0% Net Smelter Return royalty on the Camflo Property (collectively, the 'Royalty')
Brett Heath, President & CEO of Metalla commented, 'We are thrilled to welcome Yamana Gold as a new counterparty of the Wasamac Project. Wasamac has existing proven and probable mineral reserves of 1.8 million ounces of gold at 2.56 g/t,(1) in one of the most prolific gold trends in the Abitibi region of Quebec, located approximately 100 kilometers from their 50%-owned Canadian Malartic mine which produced nearly 670Koz of gold in 2019(2). Yamana has extensive experience in operating bulk underground mines through its successful operation of the Jacobina Mine in Brazil which has a lower reserve grade than Wasamac(2). Yamana is a well-capitalized major producer with technical and geological expertise that will provide the Wasamac project a clear path to production with the potential for future discoveries.'
ABOUT YAMANA
Yamana is a Canadian-based precious metals producer with significant gold and silver production, development stage properties, exploration properties, and land positions throughout the Americas, including Canada, Brazil, Chile and Argentina. Yamana plans to continue to build on this base through expansion and optimization initiatives at existing operating mines, development of new mines, the advancement of its exploration properties and, at times, by targeting other consolidation opportunities with a primary focus in the Americas. In 2020, Yamana expects to deliver production of 786,000 ounces of gold and 10.25 million ounces of silver. (4)
ABOUT METALLA
Metalla was created to provide 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, statements with respect to the successful completion of the Agreement, the productivity and benefits derived from the relationship between Metalla and Yamana, future development at the Acquisition Properties, the exploration potential at the Acquisition Properties, proposed timing of exploration and development plans and expenditures by Yamana, Yamana's capitalization and ability to operate in the future, the success of Yamana's future permitting and social licensing efforts at the Acquisition Properties, the future production levels at the Acquisition Properties, the potential for the Wasamac Property to achieve the same scale, grade, production and costs as Yamana's Jacobing mine in Brazil, production, recoveries, cash flow and other anticipated or possible future developments at the properties on which the Company currently holds royalty and stream interests or relating to the companies owning or operating such properties and the potential for Metalla to become one of the leading gold and silver companies for the next commodities cycle. 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
YAMANA GOLD INC. 
