Vancouver, British Columbia: Metalla Royalty & Streaming Ltd. (Metalla or the Company) (TSXV: MTA) (NYSE American: MTA) is pleased to announce that it has entered into a share purchase agreement (SPA) dated April 24, 2020 with Idaho Resources Corporation (IRC), a privately held Nevada corporation, whereby a wholly-owned U.S. subsidiary of Metalla will acquire 100% of the issued and outstanding shares of IRC for $4.0 million in cash and shares. IRC holds a 0.5% gross overriding royalty (GOR) on the Anglo/Zeke claim block in Eureka County, Nevada, which is located on trend to the southeast of the Cortez Operations and Goldrush project owned by Nevada Gold Mines (NGM). NGM is a joint venture between Barrick Gold Corporation (Barrick) (61.5%) and Newmont Corporation (Newmont) (38.5%), which was created in July 2019 to combine Barrick and Newmonts significant assets across Nevada to create the single largest gold producer in the world. IRC also holds a 1.5% GOR covering NuLegacy Gold Corporations (NuLegacy) Red Hill project (Red Hill) in Eureka County, Nevada, which is contiguous to the southeast of the Anglo/Zeke claims. |