A Golden Opportunity in the Heart of the Golden Triangle Cautionary - - PowerPoint PPT Presentation

A Golden Opportunity in the Heart of the Golden Triangle

#515 #515 – 850 West Hastings gs St., Vancouver er, , BC V6C 1E1 | Phone: : 604.688.5 .5077 | Email: info fo@met etallisres esources es.c .com | Web eb: : metallisres esources.c .com

Certain statements herein may contain forward-looking information within the meaning of applicable securities laws. Forward-looking information appears in a number of places and can be identified by the use of words such as “intends” or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved. Forward-looking information includes statements regarding the Company’s exploration and development plans with respect to its properties and the estimate of mineral resources and are subject to such forward-looking risks, uncertainties and other factors which may cause the Company’s actual results, performance or achievements, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information. Such risks include metal price volatility, change in equity markets, the uncertainties involved in interpreting geological data, permitting and environmental, increase in costs and exchange rate fluctuations and other risks involved in the exploration and development industry. There can be no assurance that forward-looking information referenced herein will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements or information. Also, many of the factors are beyond the control of Metallis Resources Inc. Accordingly, readers should not place undue reliance on forward-looking information. All forward-looking information here in are qualified by this cautionary statement. The Company does not undertake to update such forward- looking information except in accordance with applicable securities laws. Technical aspects on this presentation have been reviewed and approved by the Company’s Vice President of Exploration, David Dupre P.GEO designated as a Qualified Person under National Instrument 43-101.

Cautionary Statement

#515 #515 – 850 West Hastings gs St., Vancouver er, , BC V6C 1E1 | Phone: : 604.688.5 .5077 | Email: info fo@met etallisres esources es.c .com | Web eb: : metallisres esources.c .com

About Metallis Resources TSX-V: MTS

• Golden opportunity in the Golden Triangle, northwestern BC.
• Golden Triangle has more gold than the Carlin Trend in Nevada.
• Eric Sprott is a major investor in Metallis Resources.
• Tight share structure & market cap still only a fraction of most companies in the region.

Share Structure (As of Dec 21, 2017)

Issued and Outstanding 29,748,487 Options 2,035,000 Warrants 4,005,623 Fully Diluted 35,789,110 ** Highly Experienced Management & Technical team with a History of Discovery in the district. Market Cap of Neighboring Companies

(As of December 21, 2017)

MTS: 35 million GGI: 246 million GTT: 53 million SEA: 792 million PVG: 2.55 billion

#515 #515 – 850 West Hastings gs St., Vancouver er, , BC V6C 1E1 | Phone: : 604.688.5 .5077 | Email: info fo@met etallisres esources es.c .com | Web eb: : metallisres esources.c .com

Kirkham Property – In the Heart of the Golden Triangle

• 106km2 land package assembled, over

several years, by world-renowned copper-gold expert Rodney Kirkham.

• Within a highly mineralized region,

home to mines and advanced exploration projects collectively worth billions of dollars.

• Favorable geology with a wide range of

mineral deposits: porphyry, magmatic sulphides, shear vein and VMS.

• Geological environment at Kirkham

property identified all above mineral deposit types.

#515 #515 – 850 West Hastings gs St., Vancouver er, , BC V6C 1E1 | Phone: : 604.688.5 .5077 | Email: info fo@met etallisres esources es.c .com | Web eb: : metallisres esources.c .com

Location Map Kirkham Property

#515 #515 – 850 West Hastings gs St., Vancouver er, , BC V6C 1E1 | Phone: : 604.688.5 .5077 | Email: info fo@met etallisres esources es.c .com | Web eb: : metallisres esources.c .com

Excellent Infrastructure

Easy access to transportation and energy infrastructure:

• Stewart-Cassiar Highway. (Hwy 97)
• Recently completed high-voltage

power transmission line.

• Ocean port facilities at Stewart,

65 km south of the Kirkham Property.

Courtesy of Visual Capitalist for Skeena Resources and IDM Mining.

#515 #515 – 850 West Hastings gs St., Vancouver er, , BC V6C 1E1 | Phone: : 604.688.5 .5077 | Email: info fo@met etallisres esources es.c .com | Web eb: : metallisres esources.c .com

Updated Exploration Model The “Red Line” and Porphyry Environment

• The “Red Line”, A key

marker horizon for copper- gold mineralization, traced

• ver a 10km strike-length
• n the Kirkham Property.
• Most copper-gold deposits

within the Golden Triangle are found within 2km of this contact.

• Kirkham claims host

Porphyry Cu-Au, Shear vein Au and magmatic Ni- Cu systems

Courtesy of Visual Capitalist for Skeena Resources and IDM Mining.

Kirkham Property

#515 #515 – 850 West Hastings gs St., Vancouver er, , BC V6C 1E1 | Phone: : 604.688.5 .5077 | Email: info fo@met etallisres esources es.c .com | Web eb: : metallisres esources.c .com

The Golden Triangle

Tectonic Environment

• Intra-Oceanic Arc
• Eskay Rift – Transtensional

Geology (Triassic – Jurassic)

• Mafic-ultra mafic complexes
• Texas Creek & Cu-Mountain suite

Porphyry intrusions

• Stuhini and Hazelton Fm.

volcano-sedimentary rocks Metallogeny

• Porphyry - Cu-Au
• Epithermal Au-Ag
• Magmatic Ni-Cu (PGE)
• Shear vein Au
• VMS & Carbonate replacement

#515 #515 – 850 West Hastings gs St., Vancouver er, , BC V6C 1E1 | Phone: : 604.688.5 .5077 | Email: info fo@met etallisres esources es.c .com | Web eb: : metallisres esources.c .com

Kirkham Map: Geology and Exploration prospects

Geo-Stratigraphy

• Recent basaltic volcanics
• Bowser Lake sediments
• Mafic rocks (Magmatic Ni-Cu)
• Shear vein Au mineralization
• Hawilson Porphyry Cluster
• Hazelton Formation
• Triassic – Jurassic “Red-Line”
• Stuhini Formation

#515 #515 – 850 West Hastings gs St., Vancouver er, , BC V6C 1E1 | Phone: : 604.688.5 .5077 | Email: info fo@met etallisres esources es.c .com | Web eb: : metallisres esources.c .com

Conceptual Porphyry Model

Hawilson Monzonite - Porphyry Systems

• Calc-alkalic Porphyry Copper-Gold systems (Cliff, King, Cole)
• Monzodiorite and diorite Porphyry intrusions
• Hydrothermal Potassic , Sericitic and outer Phyllic – Propylitic alteration zones
• Multiple veins and sulphide mineralization (pyrite-chalcopyrite-bornite)

#515 #515 – 850 West Hastings gs St., Vancouver er, , BC V6C 1E1 | Phone: : 604.688.5 .5077 | Email: info fo@met etallisres esources es.c .com | Web eb: : metallisres esources.c .com

Multiple Targets, Multiple Deposit Types

2018 Exploration Program is focused on

• Cliff: Cu-Au Porphyry
• King: Cu-Au Porphyry
• Cole: Cu-Au Porphyry
• King E: Resistivity Target
• Terwilligen: Resistivity Target
• Thunder N & S: Magmatic Ni-Cu
• Natt: Shear vein Au

#515 #515 – 850 West Hastings gs St., Vancouver er, , BC V6C 1E1 | Phone: : 604.688.5 .5077 | Email: info fo@met etallisres esources es.c .com | Web eb: : metallisres esources.c .com

Multiple Targets, Multiple Deposit Types

Targets Deposit Type/ Commodities Primary Method(s) of Identification Potential Scale of the System/deposit Analogous Deposit(s) Drilling in 2017 Cliff

Cu-Au Porphyry Historical drilling and rock- chip sampling 2000 x 300 x 1000m - Porphyry system KSM -proven & probable reserves total 38.8 million oz. Au and 10.2 billion pounds of Cu Iron Cap: 10.6 Million oz. Au and 3.6 Billion lbs. Cu (all categories) Yes Assays available at MTS Website

King

Cu-Au Porphyry Field mapping & sampling 1000 x 300 x 1000m - Alteration System Kerr Deposit – KSM Porphyry Cluster No Planned for 2018

King E

Cu-Au Porphyry Field mapping, geophysical & soil anomalies ~1500m2 coincident resistivity & magnetic anomaly Kerr Deposit – KSM Porphyry Cluster No Exploration work Planned for 2018

Thunder N Thunder S

Magmatic Ni-Cu Sulphide Field mapping of gabbroic rocks, exposed alteration and structures due to glacial retreat. 200 x 150 x 400m - Gabbroic units Carajas belt, Brazil and Ailoshan Red-River Structural Zone in Yunnan-China Voisey Bay 141 Mt @ 1.6% Ni Yes – 1 test hole only Drilling and rock-chip assays available at MTS website

#515 #515 – 850 West Hastings gs St., Vancouver er, , BC V6C 1E1 | Phone: : 604.688.5 .5077 | Email: info fo@met etallisres esources es.c .com | Web eb: : metallisres esources.c .com

Cliff Porphyry Target

• Cliff porphyry system is extended for 3 x 1 km along

the southern half of 6 km long Hawilson Monzonite.

• Well-mineralized, calc-alkalic Porphyry Cu-Au system.
• Paget 2009 drilling (5 shallow holes) confirmed

increasing Cu-Au grades with depth.

• Deepest hole MD-09-01 reported 92.67m @ 0.217%

Cu and 0.277 g/t Au and remains open at the bottom.

• 22 rock samples from the mineralized monzonite

averaged 0.7 g/t Au and 0.35% Cu → Rock samples show improving grades down section.

• Metallis 2017 step out drilling expanded the Cliff

Porphyry to the south with consistent and improved Cu-Au grades.

• Deepest Hole KH17-08 assayed 148m @ 0.34g/t Au

and 0.22% Cu, including higher Cu-Au grade intervals

#515 #515 – 850 West Hastings gs St., Vancouver er, , BC V6C 1E1 | Phone: : 604.688.5 .5077 | Email: info fo@met etallisres esources es.c .com | Web eb: : metallisres esources.c .com

Cliff Porphyry Target: Plan map and longitudinal section

#515 #515 – 850 West Hastings gs St., Vancouver er, , BC V6C 1E1 | Phone: : 604.688.5 .5077 | Email: info fo@met etallisres esources es.c .com | Web eb: : metallisres esources.c .com

Thunder North & Thunder South

• Located along the Eskay Rift with

Trans-tensional strike-slip faults.

• Several (Ni-bearing) gabbroic outcrops

exposed due to glacial retreat in the area.

• Thunder N & S prospects collectively

cover ~10km2 of the Kirkham Property.

• Highly prospective for intrusion

hosted, magmatic Ni-Cu sulphide

• Garibaldi Resources Inc, has achieved

a market value of ~ $300M by drilling the E & L Project, contiguous to Metallis’ Kirkham Property.

#515 #515 – 850 West Hastings gs St., Vancouver er, , BC V6C 1E1 | Phone: : 604.688.5 .5077 | Email: info fo@met etallisres esources es.c .com | Web eb: : metallisres esources.c .com

Additional Targets Remain to be Explored

• King: Extensive 400 x 300m porphyry alteration zone with

anomalous gold in soil and coincident low resistivity anomaly.

• King East: Large coincident magnetic and resistivity anomalies.

Numerous gold-bearing veins and small felsic stocks mapped

• n the southern part of this target.
• Fewright: An arcuate resistivity and mag anomaly

surrounding a mag low. The resistivity anomaly is coincident with the southern Hawilson Monzonite porphyry.

• Cole: ~400 x 200m exposed porphyry alteration with

anomalous gold in soil geochemistry.

• Natt: Shear vein target with anomalous gold in soil

geochemistry.

• Terwilligen: High in the porphyry system evident by propylitic

alteration minerals. The geophysical modeling indicate a near surface intrusion.

#515 #515 – 850 West Hastings gs St., Vancouver er, , BC V6C 1E1 | Phone: : 604.688.5 .5077 | Email: info fo@met etallisres esources es.c .com | Web eb: : metallisres esources.c .com

Conclusions

Metallis’ market value is still only a fraction of similar companies in the district. Ongoing work will soon support a valuation in line with comparables.

• Kirkham Project is a golden opportunity in the Golden Triangle.
• 106km2 property, wholly owned by Metallis, was assembled by a world-renowned copper-gold expert.
• Situated within a metallogenic belt with more gold endowment than in Carlin Trend, Nevada.
• Kirkham Property is well-positioned over ~10 km strike-length of “Red Line”, (Eskay Rift margin),

hosting most copper-gold deposits in the Golden Triangle

• Tight share structure despite raising $4.7 million in 2017.
• Legendary mining investor, Eric Sprott, recently took a big position.
• Highly experienced management and technical team with expertise of regional geology and a history
• f discovery in the district.
• Excellent transportation / energy infrastructure – road, power, year-round access to port facilities.
• Multiple deposit types (Porphyry, Shear vein, Magmatic sulphide), multiple targets, multiple chances

to make an economic discovery.

• Summer 2017 exploration expanded the Cliff-King Porphyry corridor and tested Thunder North.

#515 #515 – 850 West Hastings gs St., Vancouver er, , BC V6C 1E1 | Phone: : 604.688.5 .5077 | Email: info fo@met etallisres esources es.c .com | Web eb: : metallisres esources.c .com

Board and Management

Director, President and CEO - Fiore Aliperti

President/CEO since July 2013, Mr. Aliperti has been pivotal in the reorganization of the Company’s business and the creation of new strategic plans which includes the acquisition of the Kirkham Property.

Vice President of Exploration - David DuPre

• Mr. Dupre was intimately involved in the discovery of the

Eskay Creek mine as project manager while at Keewatin Engineering – a major Mining Consultancy that he co-

• founded. Since 1988, he has concentrated his efforts in the

Golden Triangle area of Northwestern BC. While President

• f Firesteel Resources, he acquired the ROK Property

(adjacent to the Red-Chris Mine) and the Copper Creek property in the very active Sheslay Camp.

Director and CFO - Jon Lever CPA, CMA

Been director and/or CFO of several public resource companies in the past 10 years and has extensive experience in senior financial roles.

Director – Independent - Dr. Dave Webb

• Dr. Webb is a Registered Professional Geologist with
• ver 30 years of experience in mineral exploration,

development and production in Canada and internationally.

Director and Chairman - Michael Sikich

• Mr. Sikich brings to the Metallis team over two

decades of business experience with both privately held and publicly listed companies.

Corporate Secretary – Sameen Sheikh

• Ms. Sheikh brings twelve years of public company

experience to the company, in which she has served in as various capacities with several Canadian publicly listed companies that operate in various sectors, including in the resource sector.

#515 #515 – 850 West Hastings gs St., Vancouver er, , BC V6C 1E1 | Phone: : 604.688.5 .5077 | Email: info fo@met etallisres esources es.c .com | Web eb: : metallisres esources.c .com

2018 Exploration Team

Stephen Wetherup

• Mr. Wetherup is a structural and economic geologist with over 20 years of global exploration experience. He has worked for

Fox Geological Consultants, Phelps Dodge Corporation of Canada and as a consulting geologist for numerous exploration companies including Freeport-McMoran. He is currently the Vice President Geology with Caracle Creek International Consulting and serves as the Vice-President of Exploration for Commander Resources Ltd.

Razique Abdul

• Dr. Razique is a porphyry specialist, who brings over 20 years’ international experience in the exploration and mining industry.

He worked with BHP and Barrick-Antofagasta Minerals J.V. He obtained his PhD. from the University of British Columbia in 2013 and has worked as consultant in the Golden Triangle for both Garibaldi Resources and Evrim Resources. He also served with Antofagasta Plc in both Canada and the United States and was a key member of the exploration team that discovered the Reko Diq cluster; one of the world’s largest porphyry Cu-Au (Mo) deposits in western Pakistan. Dr. Razique recently joined Metallis Resources as Chief Geologist to oversee and lead the Company’s expanded programs at Kirkham property in the Eskay Camp, Northwest British Columbia.

Max Estaris

• Mr. Estaris led a project team to the discovery of two Porphyry Copper-Gold deposits in the Philippines, the Boyongan and

the Bayugo porphyry Cu-Au deposits. He has more than 25 years of progressive experience in exploration for gold and base metals in the Philippines, Indonesia, Papua New Guinea and Canada as well as 6 years of experience in underground gold

• perations in the Philippines.

#515 #515 – 850 West Hastings gs St., Vancouver er, , BC V6C 1E1 | Phone: : 604.688.5 .5077 | Email: info fo@met etallisres esources es.c .com | Web eb: : metallisres esources.c .com

Advisory Council

Lawrence Roulston

• Mr. Roulston is a mining professional with 35 years of diverse hands-on experience. He recently founded WestBay Capital

Advisors, providing business advisory and capital markets expertise to junior and mid-tier mining companies. From 2014- 2016, Lawrence was President of Quintana Resources Capital, which provided resource advisory services to US private

• investors. Before Quintana, he was a mining analyst and consultant, as well as the editor of “Resource Opportunities”, an

independent investment publication focused on the mining industry. Prior to this, Mr. Roulston was an analyst or executive with various mining companies, both majors and juniors. He has graduate-level training in business and holds a B.Sc. in geology.

Jeff Kyba

• Mr. Kyba has 15 years of experience in the mining industry, having held various positions with junior and mid-tier exploration

companies as well as the BC government. From 2011 to 2016, he worked as a Regional Geologist for the BC Ministry of Mines, monitoring mineral exploration and mining activity in northwest BC. Prior to 2011, Jeff worked as an exploration project geologist with Ivanhoe Australia, Hard Creek Nickel Corp. and as a Senior regional mapping assistant with the BC Geological Survey. Mr. Kyba holds the distinction of recognizing the relationship between Cu-Au deposits in the Golden Triangle and the contact between the Triassic-age Stuhini and the Jurassic – age Hazelton rocks. Most deposits in the region are on or close to this geological marker known as the “Red Line”.

Stephen Wetherup

Bio on slide 16.

515 – 850 West Hastings St Vancouver, BC V6C 1E1 Phone: 604.688.5077 Fax: 604.688.5017 Email: info@metallisresources.com Web: metallisresources.com TSX TSX-V: : MTS

A Golden Opportunity in the Heart of the Golden Triangle