Big Springs DEVELOPMENT Nevada, USA OPERATOR Warriedar Resources Ltd ("Warriedar") COMMODITY TYPE TERMS LAND AREA Gold Royalty 1.0% - 2.0% NSR 5,666 ha Royalty Summary Reserves Big Springs is a large Carlin-type gold deposit on the Independence Reserves & Resources - Au trend north of the Jerritt Canyon Mine in Elko, Nevada, owned by First P&P Reserves (koz Au) - M&I Resources (koz Au) 556 Majestic. Big Springs is a brown昀椀elds project where a joint venture Inferred Resources (koz Au) 1,014 between Freeport McMoRan and Independence Mining produced 386Koz at an average grade of 4.1 g/t gold between 1987 and 1993. Metalla Royalty Ounces - GEOs P&P Reserves (koz) - M&I Resources (koz) 11.1 Warriedar indicated it is planning follow up with de昀椀nition drilling on Inferred Resources (koz) 20.3 several brown昀椀eld targets speci昀椀cally South Sammy where signi昀椀- cant intersections from 2017 returned 10.7 metres at 30.9 g/t gold * For Royalty GEOs calculation, Metalla estimates 100% of the Big Springs Mineral Resources and Mineral Reserves are subject to our royalty interest at a rate of 2%. and North Sammy where historical intersections returned 19.8 me- * For sources, please refer to note 24 on the Notes & Sources page. tres at 9.9 g/t gold. Other targets include Beadles Creek, Mac Ridge East and Beadle Creek South. Golden Dome covers the southern Royalty & Mineralization Map end of the property, where historical drilling has returned intersections including 6.1 metres at 3.05 g/t gold with similarities to the nearby Jerritt Canyon mine. Metalla holds a 2% NSR royalty on unencumbered mineral claims and 1% NSR Royalty on encumbered mineral claims. 38 Metalla Royalty & Streaming Ltd.