Wasamac DEVELOPMENT Quebec, Canada OPERATOR Agnico Eagle Mines Ltd. ("Agnico") COMMODITY TYPE TERMS LAND AREA Gold Royalty 1.5% NSR 1,149 ha Royalty Summary Reserves Wasamac is a development-stage underground gold project near Reserves & Resources - Au Rouyn-Noranda, Quebec owned and operated by Agnico. Wasamac P&P Reserves (koz Au) - is adjacent to the Trans-Canada highway and Ontaria Northland rail M&I Resources (koz Au) 2,173 Inferred Resources (koz Au) 789 line, and ~100km west of Agnico Eagle’s Canadian Malartic complex. Metalla Royalty Ounces - GEOs Agnico has indicated that it envisions the project as an underground P&P Reserves (koz) - bulk mining operation with production of up to 200 Koz gold per year. M&I Resources (koz) 32.6 Studies are ongoing to assess the potential to process the Wasamac Inferred Resources (koz) 11.8 ores at the LaRonde or Canadian Malartic processing facilities with * For royalty ounce calculation, Metalla estimates 100% of the Wasamac Mineral Resources and Mineral Reserves are subject to our royalty interest and a rate of 1.50% is applicable. preliminary results expected in 2024. * For sources, please refer to note 5 on the Notes & Sources page. Exploration drilling in 2023 included a total of 19,000 meters with highlight intercepts of 4.9 g/t gold over 13.4 meters and 2.8 g/t gold Royalty & Mineralization Map over 18.8 meters. Agnico expects to drill 16,700 meters at Wasamac in 2024 focused on lateral extensions to the deposit. Mineralization Metalla holds a 1.5% NSR royalty on Wasamac, subject to a 0.5% buy back for C$7.5 million. Metalla Royalty & Streaming Ltd. 19