NYSE & TSXV:MTA www.metallaroyalty.com - Metalla Royalty & Streaming Ltd.
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FORWARD LOOKING STATEMENTS This presentation contains certain "forward looking statements" and certain and operations, actual results of mining and current exploration activities, "forward-looking information" as defined under applicable Canadian and conclusions of economic evaluations and changes in project parameters U.S. securities laws. Forward-looking statements and information can as plans continue to be refined; accidents, equipment breakdowns, title generally be identified by the use of forward-looking terminology such as matters, labor disputes or other unanticipated difficulties or interruptions in "may", "will", "should", "expect", "intend", "estimate", "anticipate", "believe", operations; problems inherent to the marketability of gold and other "continue", "plans" or similar terminology. The forward-looking information metals; the inherent uncertainty of production and cost estimates and the contained herein is provided for the purpose of assisting readers in potential for unexpected costs and expenses; industry conditions, including understanding management's current expectations and plans relating to fluctuations in the price of the primary commodities mined at such the future. Readers are cautioned that such information may not be operations, fluctuations in foreign exchange rates and fluctuations in appropriate for other purposes. interest rates; government entities interpreting existing tax legislation or enacting new tax legislation in a way which adversely affects Metalla; Forward-looking information is subject to known and unknown risks, stock market volatility; regulatory restrictions; liability, competition, loss of uncertainties and other factors that may cause the actual actions, events key employees and other related risks and uncertainties. or results to be materially different from those expressed or implied by such forward-looking information, including but not limited to: the impact of Metalla undertakes no obligation to update forward-looking information general business and economic conditions; the absence of control over except as required by applicable law. Such forward-looking information mining operations from which Metalla will purchase gold and other metals represents management's best judgment based on information currently or from which it will receive royalty payments and risks related to those available. No forward-looking statement can be guaranteed and actual mining operations, including risks related to international operations, future results may vary materially. Accordingly, readers are advised not to government and environmental regulation, delays in mine construction place undue reliance on forward-looking statements or information. METALLA ROYALTY & STREAMING | MAY 2022 2
THE KEY POINTS ROYALTY COMPANY DELIVERING INDUSTRY LEADING GROWTH Experienced Management Team Consistent Acquisitions Below with Proven, Relevant and Global Market Rates Drives Outperformance Track Record Leading third-party royalty consolidator on some of the premier assets and 100% Exposure to Gold and Silver strongest operators globally Industry-Leading Growth With One Focused on Acquiring Royalties on Of The Most Robust Pipelines Projects Operated by Industry Majors METALLA ROYALTY & STREAMING | MAY 2022 3
$18.00 GDXJ 28 70 $181M $16.00 Centro Gold Tocantinzinho Portfolio from Genesis Royalties/Streams Transactions Capital Deployed $14.00 Acquired THE TRACK Côté Mine RECORD $12.00 Fosterville $10.00 Wharf Mine Alturas-Del $8.00 Fifteen Mile Carmen New Luika Stream Changes Osisko / O3’s $6.00 name to Garrison Higginsville Metalla; Castle Gold appoints Brett Heath COSE as President Streaming $4.00 portfolio NuevaUnion Cortez Trend Acquires royalty portfolio from $2.00 Santa Gertrudis Acquires Timmins royalties $0.00 May 19 May 17 May 18 May 20 May 21 May 22 Sep 16 Jan 17 Sep 17 Jan 18 Sep 18 Jan 19 Sep 19 Jan 20 Sep 20 Jan 21 Sep 21 Jan 22 METALLA ROYALTY & STREAMING | MAY 2022 4
HIGHLIGHTED ACQUISITIONS IN 2021 ~235,000 GOLD EQUIVALENT OUNCES ADDED (~$170 OUNCE/GOLD) TO METALLA’S ACCOUNT ON ROYALTIES COVERING ~14 MILLION CÔTÉ – IAMGOLD/SUMITOMO OUNCES OF GOLD INCREASING NAV PER SHARE BY 23% CASTLE – EQUINOX • Accretive ~$40M in capital on a high-quality assets that generate an aggregate consensus NAV of over $100M • Large Deposits - Five of the seven transactions were on deposits that have 2- CENTROGOLD – OZ MINERALS 5Moz of gold that are covered by our royalties • High quality operators - Six of the seven transactions are actively being DEL CARMEN – BARRICK advanced by majors toward production • Bilateral transactions - In one of the most competitive environments on record, we made all of our acquisitions through non-competitive processes TOCANTINZINHO – G MINING • Peer leading growth - Completed seven transactions while our peers completed an average of just over three AK - AGNICO EAGLE METALLA ROYALTY & STREAMING | MAY 2022 5
CÔTÉ & GOSSELIN 1.35% NSR • Industry-leading sub $2 per gold ounce Canada’s discovery cost next major gold mine • Gosselin currently drilled only half of the depth as Côté Côté will average • Maiden resource over 5 million ounces 489Koz of gold over the first five • Combined reserve/resource over 19 years of million ounces production • Latest drill results (not included in maiden resource) at the Gosselin Zone this year were highlighted by: • 256M @ 2.05g/t Au • 355.5m @ 0.78g/t Au • 173.0 m at 0.70 g/t Au • 357.5 m at 0.55 g/t Au • 87.9 m at 1.30 g/t Au • Iamgold also believes that there may be an overlap zone between Côté and Gosselin which will provide an opportunity for optimization of a combined pit shell selection which may unlock additional mineral resources in METALLA ROYALTY & STREAMING | MAY 2022 6 the area
CASTLE MOUNTAIN MINE SLATED TO 5% NSR BECOME ONE OF • Slated to become one of Equinox THE TOP TEN Gold’s largest assets GOLD MINES IN THE USA • South Domes is part of the Phase 2 expansion slated to begin in 2025 • Opportunities exist to move South Domes earlier in the mine plan given its relatively higher grades • South Domes is big, and we expect it to grow with resource conversion, exploration to the north and the potential connection of the South Domes pit with the JSLA pit METALLA ROYALTY & STREAMING | MAY 2022 7
THE VALUE PROPOSITION METALLA GREW ITS NAV PER SHARE BY 23% IN 2021 2.8X 18.00 2.6X 16.00 2.4X 14.00 2.2X 12.00 2.0X 10.00 1.8X 8.00 1.6X 6.00 1.4X 4.00 1.2X 2.00 1.0X 0.00 Jul 20 Jul 21 Nov 19 Mar 20 May 20 Sep 20 Nov 20 May 21 Nov 21 May 22 Sep 19 Jan 20 Jan 21 Mar 21 Sep 21 Jan 22 Mar 22 P/NAV (LHS) Share Price (RHS) NAVPS (RHS) METALLA ROYALTY & STREAMING | MAY 2022 8
1.20x Average Industry P/NAV THE TRACK 1.00x RECORD 0.92x 0.94x Tocantinzinho Project Higginsville Operation High-Quality Deals 0.80x at Industry-Leading Del Carmen Project Centrogold Mine Valuations 0.68x 0.70x 0.60x 0.61x 0.57x 0.56x Wharf Mine 0.57x 0.56x 0.45x Castle Mountain Fifteen Mile Stream 0.40x 0.42x 0.32x 0.34x Fosterville Mine 0.20x Alamos Portfolio - Wasamac Cortez Trend Cortez Kirkland Lake Côté Mine 0.00x Sep 19 Nov 19 Sep 20 Nov 20 Sep 21 May 19 May 20 May 21 Mar 19 Jul 19 Mar 20 Jul 20 Mar 21 Jul 21 Jan 19 Jan 20 Jan 21 METALLA ROYALTY & STREAMING | MAY 2022 9
THE OUTPERPERFORMANCE METALLA HAS CONSISTENTLY OUTPERFORMED ITS PEERS SINCE INCEPTION 45% 40% 39% Share price compound annual growth rate (“CAGR”) 36% ~5.5 years post launch 35% 30% CAGR (~4.5 Years Post Launch) (%) 25% 20% 20% 16% 15% 10% 5% 5% 0% -2% -5% WPM MTA FNV MMX SSL OR METALLA ROYALTY & STREAMING | MAY 2022 10
28 ACTIVELY EXPANDING PIPELINE 21 Metalla has 19 completed more deals than its peers since inception (Sept 2016) 14 14 12 10 9 Royal Gold Wheaton Sandstorm Maverix Avg (exlc. MTA) Osisko Franco Nevada Metalla Precious METALLA ROYALTY & STREAMING | MAY 2022 11
5 EXPOSURE Production Assets TO TOP MINING JURISDICTIONS 24 Development Assets 41 Exploration Assets METALLA ROYALTY & STREAMING | MAY 2022 12
THE CAPITAL STRUCTURE Supportive Shareholders Basic Shares Outstanding 44.5 RSU's 0.5 Options (W Avg $6.96) 2.75 Fully Diluted 47.7 Exchange Traded Funds Market Capitalization $300 ($6.75 share price, May 9, 2022) Analyst Coverage | Average Target of $14.10 Cash (US$) $2.3 Convertible Debt (US$) $5.5 Debt (US$) $5.0 Facility Available (C$) $12.0 METALLA ROYALTY & STREAMING | MAY 2022 13
INDUSTRY LEADING GROWTH With world class Gosselin operators Del Carmen NuevaUnion Castle Mountain Garrison Fosterville 30,000 Big Springs ANNUAL GOLD EQUIVALENT PRODUCTION Tocantinzinho Centrogold Santa Gertrudis Hoyle Pond Wasamac 25,000 Cote Amalgamated Kirkland Fifteen Mile Stream Endeavor 20,000 La Fortuna 15,000 Higginsville Wharf 10,000 COSE Joaquin Shanta El Realito – 2022 5,000 Beaufor - 2022 0 Producing Near Term (1-5 yrs) Long Term Potential (5-10 yrs) METALLA ROYALTY & STREAMING | MAY 2022 14
THE CASE FOR INVESTMENT Strong Value Proposition Metalla currently boasts one of the higher growth rates and strongest counterparties relative to its peers Organic Growth Portfolio includes stable operations and development projects backed by strong counterparties Disciplined Management Experienced management team with a track record of value accretive transactions delivered with a low burn rate Unique Business Plan / Approach Focus on third-party royalties on assets operated by majors; acquisition for shares enables holders to monetize the intrinsic value of their royalties. METALLA ROYALTY & STREAMING | MAY 2022 15
APPENDIX WEBSITE CONTACT ADDRESS www.metallaroyalty.com info@metallaroyalty.com Suite 501 - 543 Granville Street 604.696.0741 Vancouver BC Canada V6C 1X8 METALLA ROYALTY & STREAMING | MAY 2022 16
WHARF HIGGINSVILLE KEY ASSETS Lead, South Dakota Kalgoorlie, Western Australia Metal Exposure: Gold Metal Exposure: Gold Price participation - 27.5%* (spot - A$1,340), 1% GVR first 2.5Koz per quarter, until 34Koz delivered 2021 guidance for 105-110Koz with ~50% of the Stable cash flow from a tier one Operator production from Higginsville(4) Annual production is expected to be +80Koz for the Exploration program on the 180,000Ha property the largest remainder of its current 7 year mine life. Over 1Moz currently in the preceding decade combined. Updated mine plan defined excluding inferred(5) and HGO mining strategy provides flexibility to operations(6) METALLA ROYALTY & STREAMING | MAY 2022 17
FOSTERVILLE SANTA GERTRUDIS KEY ASSETS Bendigo, Victoria Australia Sonora, Mexico Metal Exposure: Gold Metal Exposure: Gold 2.5% GVR 2% NSR Immediately on trend to the north and south Three major discoveries at Amelia, Espiritu Santo Victoria’s largest gold mine & Santa Teresa 2021 exploration budget of US$11M for ~30,000 m; evaluating Fosterville gold mine produced 640Koz at US$139/Oz in 2020. heap leach and small mill for operation. Internal technical Currently budgeting US$85-95M for exploration in 2021(3) evaluation expected to be completed in 2021(4) METALLA ROYALTY & STREAMING | MAY 2022 18
CÔTÉ & GOSSELIN JOAQUIN MINE & COSE KEY ASSETS Ontario, Canada Santa Cruz, Argentina Metal Exposure: Gold Metal Exposure: Silver, Gold 1.35% NSR 2% NSR & 1.5% NSR 493Koz Au per year for the first five years, expansion Annual Production: 4 Moz Ag, 2 Koz Au / 2Moz Ag, potential with inclusion of 5Moz Gosselin deposit(7) 42 Koz Au(6) Continued ramp up in production with high-grade ore from Poised to become Canada’s third-largest gold mine. Joaquin & COSE feeding Manantial Espejo. Multiple veins Fully-permitted and currently in construction. not in plan totalling 40Moz Ag-Eq(8) METALLA ROYALTY & STREAMING | MAY 2022 19
ENDEAVOR MINE WASAMAC MINE KEY ASSETS NSW, Australia Rouyn-Noranda, Quebec Metal Exposure: Silver Metal Exposure: Gold 100% Silver Stream 1.5% NSR Current focus on expansion at Deep Zinc Lode, 2P Reserves – 1.9 Moz Au at 2.56 g/t Au(11) Tailings(10) Proposed mine life of ~15 years producing an average of Steady production since 1983, recent discovery of deep lode 200Koz Au/year for the first four with significant exploration indicates potential restart to production and throughput expansion potential.(9) METALLA ROYALTY & STREAMING | MAY 2022 20
TOCANTINZINHO CENTROGOLD KEY ASSETS Para State, Brazil Maranhão, Brazil Metal Exposure: Gold Metal Exposure: Gold 0.75% GVR 1-2% NSR Fully Permitted expected to produce 170Koz per Massive 120,000Ha exploration package that annum over ten years at a $580/Oz cash cost(1) compliments an already robust PFS Shovel Ready project that with over 2Moz of gold in M&I. Regional exploration includes over 25km of on-strike Royalty covers over 28,000Ha on an underexplored land extensions. PFS contemplates a ten year operation package in a known gold district producing 160Koz per annum at a $640/Oz cash cost(2) METALLA ROYALTY & STREAMING | MAY 2022 21
CASTLE MINE EL REALITO MINE KEY ASSETS San Bernardino, California Sonora, Mexico Metal Exposure: Gold Metal Exposure: Gold, Silver 5.0% NSR 2% NSR Covers South Dome pit that currently hosts a Near term production supplementing La India 1.1Moz reserve which is the higher-grade section Complex of the mining complex Currently operating in phase 1, Castle will enter an expansion Satellite deposit located adjacent to operating La India Mine; in phase 2 expansion that will make it one of the top ten gold 2021 exploration program of US$4M and 20,000 metres(4) mine in the USA which includes South Dome. METALLA ROYALTY & STREAMING | MAY 2022 22
LEADERSHIP BOARD OF DIRECTORS MANAGEMENT / ADVISORS Lawrence Roulston | Non – Executive Chairman Brett Heath | President and CEO, Director Mining professional and geologist with over 35 years of diverse hands-on Founder of Metalla – Mr. Heath is a metals and mining industry professional experience. with 10 years of dedicated royalty and streaming experience. Douglas Silver | Non-Executive Director Drew Clark, CFA | VP Corporate Development Co-founder of International Royalty Corp., sold to Royal Gold for C$749M. Metals and mining industry professional with 15 years experience in research, Portfolio Manager at Orion where it grew to be the world’s largest mining PE investment banking and corporate development roles. fund under his stewardship. U.S. National Mining hall of fame inductee in 2018. Saurabh Handa | Chief Financial Officer Alexander Molyneux | Non-Executive Director Chartered Professional Accountant with more than 15 years of financial Metals and mining industry professional with 20+ years of executive experience. accounting and auditing experience in the mineral exploration and mining Holds several high-level executive and board positions. industry. James Beeby | Non-Executive Director Frank Hanagarne | Technical Advisor Corporate lawyer with 20 years’ experience advising clients on corporate finance Metals and mining industry professional with 35+ years experience at and M&A matters with a focus in the mining industry. Newmont Mining and Coeur Mining as COO. EB Tucker | Non-Executive Director Sunny Sara | VP Acquisitions Financial analyst with 20 years experience in fund management and newsletters. Metals and mining industry professional with more than 5 years experience as an Economic Geology Research Analyst & gold prospector. Terry Krepiakevich | Non-Executive Director Chartered Professional Accountant with 30+ years experience in public Jonah Townsend | Controller and private companies, and a certified member of the Institute of Former Senior Accountant at KPMG Canada working primarily in the mining Corporate Directors. practice focused on accounting, tax, and internal controls. METALLA ROYALTY & STREAMING | MAY 2022 23
Property Operator Location Stage Metal Terms Wharf Mine Coeur Mining South Dakota, USA Production Au 1.0% NSR Royalty Price participation - 27.5% * (spot - A$1,340), Higginsville Karora Resources Western Australia Production Au first 2.5Koz per quarter, until 34Koz delivered Endeavor Mine Sandfire Resources NSW Australia Production Zn, Pb, Ag Stream on 100% of Ag Joaquin Mine Pan American Silver Santa Cruz, Argentina Production Ag, Au 2.0% NSR Royalty Santa Gertrudis Agnico Eagle Sonora, Mexico Development Au 2.0% NSR Royalty (subject to a 1.0% buyback) Côté Lake / Gosselin IAMGOLD / Sumitomo Gogama, Ontario Development Au 1.35% NSR PRODUCTION & Fifteen Mile Stream St Barbara Halfiax, Nova Scotia Development Au 1.0% NSR Royalty DEVELOPMENT (FMS) Plenty St. Barbara Halfiax, Nova Scotia Development Au 3.0% NSR Royalty COSE Mine Pan American Silver Santa Cruz, Argentina Production Ag, Au 1.5% NSR Royalty PORTFOLIO CentroGold Tocantinzinho Oz Minerals G Mining Maranhão, Brazil Para, Brazil Development Development Au Au 1-2% NSR Royalty 0.75% NSR Royalty Pine Valley Nevada Gold Mines Nevada, USA Development Au 3.0% NSR Royalty (subject to a 1.5% buyback) Castle Gold Equinox Gold California, USA Development Au 5% NSR (South Dome) Garrsion Mine Moneta Porcupine Kirkland Lake, Ontario Development Au 2.0% NSR Royalty El Realito Agnico Eagle Sonora, Mexico Development Ag, Au 2.0% NSR (subject to a 1% buyback) Anglo / Zeke Nevada Gold Mines Nevada, USA Development Au 0.5% GOR Fosterville Kirkland Lake Gold Victoria, Australia Development Au 2.5% GVR Red Hill NuLegacy Gold Nevada, USA Development Au 1.5% GOR Hoyle Pond Ext. Newmont Timmins, Ontario Development Au 2.0% NSR, subject to 500 Koz exemption La Fortuna Minera Alamos Durango, Mexico Development Au, Ag, Cu 3.5% NSR (2.5% capped at US$4.5M) NuevaUnion Teck Resources / Newmont Atacama, Chile Development Au 2.0% on Au New Luika Shanta Gold Tanzania Production Au Stream on 15% of Ag Big Springs / Golden Dome Anova Metals Elko, NV Development Au 2% NSR Del Carmen Barrick Gold Argentina Development Au 0.5% NSR Amalgamated Kirkland Agnico Eagle Kirkland Lake, Ontario Exploration Au 0.45% NSR Wasamac Yamana Gold Val d'Or, Quebec Development Au 1.5% NSR (subject to a 0.5% buyback) Timmins West Ext. Pan American Silver Timmins, Ontario Development Au 1.5% NSR (subject to a 0.75% buyback) Beaufor Mine Monarques Gold Val d'Or, Quebec Development Au 1.0% NSR San Luis SSR Mining Peru Development Ag, Au 1.0% NSR Akasaba West Agnico Eagle Val d'Or, Quebec Development Au, Cu 2.0% NSR, payable after 210 Koz Au TVZ Zone Newmont Timmins, Ontario Development Au 2.0% NSR Aureus East Aurelius Minerals Halfiax, Nova Scotia Development Au 1.0% NSR Zaruma Titan Minerals Ecuador Development Au 1.5% NSR Carlin East Ridgeline Minerals Elko, NV Development Au 1.0-2.0% NSR Caldera Discovery Harbour Nye County, NV Development METALLA Au ROYALTY & STREAMING 1.0% | MAYNSR 2022 24 Green Springs Contact Gold White Pine, NV Development Au 1.0-2.0% NSR
Property Operator Location Stage Metal Terms Kirkland-Hudson Kirkland Lake Gold Kirkland Lake, Ontario Exploration Au 2.0% NSR North AK Kirkland Lake Gold Kirkland Lake, Ontario Exploration Au 0.45% NSR Hot Pot / Kelly Creek Nevada Exploration Humbolt, NV Exploration Au 1.5% NSR Orion Minera Frisco Nayarit, Mexico Exploration Au, Ag 2.75% NSR Big Island Voyageur Flin Flon, Manitoba Exploration Au 2.0% NSR Biricu Minaurum Gold Guerrero, Mexico Exploration Au, Ag 2.0% NSR + $10/oz Ag EXPLORATION Boulevard Independence Gold Yukon Exploration Au 1.0% NSR PORTFOLIO Camflo Northwest Yamana Gold Val d'Or, Quebec Exploration Au 1.0% NSR Edwards Mine Trillium Wawa, Ontario Exploration Au 1.25% NSR Jersey Valley Abacus Mining Pershing, NV Exploration Au 1.0% NSR Island Mountain Tuvera Elko, NV Exploration Au 1.0% - 2.0% NSR Kings Canyon Pine Cliff Millard, UT Exploration Au 1.0% - 2.0% NSR Pucarana Buenaventura Peru Exploration Au, Ag 1.8% NSR Option Capricho Pucara Peru Exploration Au, Ag 1.0% NSR Lourdes Pucara Peru Exploration Au, Ag 1.0% NSR Santo Tomas Pucara Peru Exploration Au 1.0% NSR Guadalupe/Pararin Pucara Peru Exploration Au 1.0% NSR Detour DNA Detour Gold Cochrane, Canada Exploration Au 2.0% NSR Puchildiza Metalla Chile Exploration Au 1.5% NSR DeSantis Mine Canadian Gold Miner Timmins, Ontario Exploration Au 1.5% NSR Fortuity 89 Newcrest Mining Timmins, Ontario Exploration Au 1.5% NSR Bint Property Glencore Timmins, Ontario Exploration Au 2.0% NSR Colbert/Anglo Goldcorp Timmins, Ontario Exploration Au 2.0% NSR Montclerg IEP Timmins, Ontario Exploration Au 1.0% NSR Pelangio Poirier Pelangio Exp. Timmins, Ontario Exploration Au 1.0% NSR Beaudoin Explor Resources Timmins, Ontario Exploration Au, Ag 0.4% NSR Sirola Grenfell Pelangio Exp. Kirkland Lake, Ontario Exploration Au 0.25% NSR Mirado Mine Orefinders Kirkland Lake, Ontario Exploration Au 1.0% NSR + Option Solomon's Pillar Sage Gold Greenstone, Ontario Exploration Au 1.0% NSR Los Patos Private Venezuela Exploration Au 1.5% NSR Goodfish Kirana Warrior Gold Kirkland Lake, Ontario Exploration ROYALTY Au METALLA 1.0% & STREAMING | MAY NSR 2022 25 Tower Mountain White Metal Thunder Bay, Ontario Exploration Au 2% NSR
(1) Project data source from Eldorado Gold’s Annual Information (8) Project data sourced from Pan American Silver Corp.’s news release Form dated March 30, 2020, Eldorado Gold’s news release filed on dated December 17, 2017 and December 21, 2017 and February 17, December 2, 2020 and technical report prepared by Eldorado Gold 2021 and filed under its SEDAR profile on www.sedar.com. for the Tocantinzinho Project dated June 21, 2019 and filed under its SEDAR profile on www.sedar.com. (9) Project data source from Barrick Gold Corporation’s presentation dated February 18, 2021 and November 20, 2020 and filed on its NOTES (2) Project data source from Oz Minerals 2020 Annual Report dated website at www.barrick.com. February 18, 2021. Oz Minerals December 2020 Quarterly Report Presentation and CentroGold Pre-feasbility Study dated July 11 2019 (10) Project data source from Sandfire Resources ASX and CentroGold Mineral Resource as of 6 May 2019 and Ore Reserve Announcement dated February 25, 2021 and filed on its website at as at 24 June 2019 Statement filed under its ASX profile on www.sandfire.com.au. www.asx.com.au (11) Project data source from Yamana Gold news released filed on (3) Project data source from Kirkland Lake Gold’s news release filed February 11, 2021 and filed on its website at www.yamana.com on February 25, 2021 on its website at www.klgold.com While the Company does not have any knowledge that such data (4) Project data sourced from Agnico Eagle Mines Limited’s news and information is not accurate, the Company has not independently release dated February 11, 2021 and filed under its SEDAR profile on verified this information and there can be no assurance that such www.sedar.com. third-party information is complete or accurate. (5) Project data source from Coeur Mining’s presentation dated QUALIFIED PERSON February 18, 2021 and from Coeur Mining annual report dated The technical information contained in this presentation has been February 17, 2021 and filed on its website at www.Coeur.com filed reviewed and approved by Charles Beaudry, geologist M.Sc., under its SEDAR profile on www.sedar.com member of the Association of Professional Geoscientists of Ontario and of the Ordre des Géologues du Québec and a consultant to (6) Project data source from Karora Resources’ news release filed on Metalla. Mr. Beaudry is a QP as defined in National Instrument 43-101 January 19, 2021 & November 9, 2020 and Karora Resources Annual Standards of Disclosure for Mineral Projects. Information Form December 31, 2019 and filed on its website at www.karoraresources.com (7) Project data source from IAMGOLD news release filed on July 21, 2020, news release dated January 21, 2021, IAMGOLD Corporate Presentation dated March 2021 and Presentation dated July 21, 2020 and Cote Gold Project NI 43-101 dated November 1, 2018 and filed on IAMGOLD’s SEDAR profile on www.sedar.com. METALLA ROYALTY & STREAMING | MAY 2022 26
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