GOLD, COPPER & NICKEL EXPLORATION IN THE HEART OF THE GOLDEN - - PowerPoint PPT Presentation

GOLD, COPPER & NICKEL EXPLORATION IN THE HEART OF THE GOLDEN TRIANGLE

TSX.V : MTS | OTCQB : MTLFF

#515 – 850 West Hastings St., Vancouver, BC V6C 1E1 | Phone: 604.688.5077 | Email: info@metallisresources.com | Web: metallisresources.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

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#515 – 850 West Hastings St., Vancouver, BC V6C 1E1 | Phone: 604.688.5077 | Email: info@metallisresources.com | Web: metallisresources.com

METALLIS RESOURCES INC AN OPPORTUNITY IN HIGHLIGHTS

▪ Metallis Resources Inc. is duel listed on both the TSX.V (“MTS”) & OTCQB (“MTLFF”) ▪ Highly experienced Exploration & Technical Team with a history of discoveries both globally and within the Golden Triangle. ▪ Tight share structure & market cap a fraction of most companies in the region. ▪ 1.8 Million in the bank with a burn rate of ~$50k per month ▪ ~12% Management ownership, without a single share sold in 7 years (options included) SHARE STRUCTURE

(As of July 4, 2019)

ISSUED AND OUTSTANDING

33,369,079

OPTIONS

3,035,000

WARRANTS

3,330,743

FULLY DILUTED

39,734,823 MARKET CAP OF NEIGHBORING COMPANIES

(As of July 4, 2019)

MTS: CA ~$18 Million

Garibaldi Resources: CA ~$130 Million GT Gold Corp: CA ~$95 Million Seabridge Gold Inc: CA ~$1 Billion Pretium Resources Inc: CA ~$2.4 Billion

#515 – 850 West Hastings St., Vancouver, BC V6C 1E1 | Phone: 604.688.5077 | Email: info@metallisresources.com | Web: metallisresources.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 and the creation of new strategic plans which includes the acquisition of the Kirkham Property. Vice President of Exploration - David DuPre 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 of 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 Director and/or CFO

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several public resource companies over the past 20 years and has extensive experience in senior financial roles, spending 10 years as CFO of Finavera Wind Energy until 2016. 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 - Independent - Michael Sikich

• Mr. Sikich brings to the Metallis team over two decades
• f business experience with both privately held and

publicly listed companies. Corporate Secretary – Sameen Oates

• Mrs. Oates 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.

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#515 – 850 West Hastings St., Vancouver, BC V6C 1E1 | Phone: 604.688.5077 | Email: info@metallisresources.com | Web: metallisresources.com

EXPLORATION TEAM

Vice President of Exploration - David DuPre 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 of Firesteel Resources, he acquired the ROK Property (adjacent to the Red- Chris Mine) and the Copper Creek property in the very active Sheslay Camp. 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 Ph.D. 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. Carl Ryan Mr Ryan Graduated from UBC with a specialization in structural geology. Carl joined the Metallis Geological team in 2018 after previously working in the field with Evrim Resources on their Ball Creek project within the Golden Triangle.

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ADVISORY BOARD

Technical Advisor – Dr. Peter Lightfoot

• Dr. Lightfoot serves as a Technical Advisor / Consultant to Metallis Resources Inc. He brings over 25 years of

experience in the exploration of Nickel-sulphide deposits. As Chief Geologist with Vale Base Metals, Peter was responsible for technical aspects of the exploration programs at Sudbury, Thompson, and Voisey’s Bay and tracking the developments in understanding of the geology and global supply of metals from Nickel-sulphide and laterite

• deposits. Peter received his B.A. from Oxford University in 1980, his M.Sc. degree from the University of Toronto in

1982, and his Ph.D. from the Open University in 1985. Following post-doctoral studies at the University of Toronto, he joined the Ontario Geological Survey in 1987, and worked extensively on Sudbury. As an Adjunct Professor at University of Toronto, he undertook a joint research project on the Noril’sk Deposits in Russia. In 1996, Peter joined Inco as Senior Geologist and worked on Inco’s Voisey’s Bay and international project generation. With Vale’s acquisition of Inco in 2006, he worked with a team of technical experts responsible for generative international

• projects. In 2010, Peter returned to work on Canadian ore deposits including Vale’s operations in Sudbury,

Thompson, and Voisey’s Bay. For 25 years, Peter through his linkages to industry, government and academia has been positioned to develop and assemble the ideas presented in his recent book on the Sudbury Ni-Cu-Co-PGE sulphide

• re deposits and impact melts. Peter is the Hutchinson Visiting Industry professor at the University of Western

Ontario, and he is currently providing technical support through his company, Lightfoot Geoscience Inc., with a strong emphasis on exploration programs focused on magmatic Nickel-Copper-PGE in the Eskay Rift, Northwest BC, Canada. Technical Advisor – Stephen Wetherup BCc., P.Geo.

• 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 the Vice-President of Exploration for Commander Resources Ltd.

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KIRKHAM PROPERTY IN THE HEART OF THE GOLDEN TRIANGLE

▪ 106 km2 land package assembled, over several years, by renowned copper-gold expert Rodney Kirkham; acquired by MTS in 2013 ▪ 100% owned ▪ Within a highly fertile region, home to mines and advanced exploration projects collectively worth several billions of dollars. ▪ Favourable geology with a wide range of mineral deposits: porphyry, magmatic sulphides, shear vein, epithermal and VMS. ▪ Geological environment at Kirkham property has identified all the above mineral deposit types. 7

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Tectonic Environment

▪ Intra-Oceanic Island Arcs ▪ Trans-tensional Eskay Rift

Geology (Triassic – Jurassic)

▪ Mafic-ultra mafic complexes ▪ Hazelton Formation ▪ Texas Creek suite porphyry ▪ Stuhini Formation

Metallogeny

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

BRITISH COLUMBIA’S GOLDEN TRIANGLE

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KIRKHAM PROPERTY IN THE COMPANY OF GIANTS

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UPDATED EXPLORATION MODEL THE “RED LINE” AND PORPHYRY ENVIRONMENT

▪ The “Red Line”, a key marker horizon for copper-gold mineralization, can be traced over a 10 km strike-length on the Kirkham Property. ▪ Most copper-gold deposits within the Golden Triangle are found within 2 km of this contact. ▪ The Kirkham claims host Porphyry Cu-Au, Shear vein Au and magmatic Ni-Cu systems

Courtesy of Visual Capitalist for Skeena Resources and IDM Mining.

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KIRKHAM GEOLOGY AND ALTERATION

▪ Eskay Rift & Extensional fault system ▪ Triassic – Jurassic “Red-Line” across Kirkham Property ▪ 7.5 km long Hawilson Porphyry Complex ▪ Shear vein Au potential at Cole, Natt, Etta ▪ Epithermal sheeted vein system at Etta ▪ Exhalites / VMS potential Rhyolite Ridge ▪ Mafic intrusions (Magmatic Ni-Cu) in Thunder North

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CLIFF Cu/Au Porphyry NINA Cu/Au Porphyry KING EAST Cu/Au Porphyry COLE Cu/Au Porphyry NATT VMS/Shear Vein Au ETTA Epithermal THUNDER SOUTH Magmatic Ni/Cu THUNDER NORTH Magmatic Ni/Cu

MULTIPLE TARGETS MULTIPLE DEPOSIT TYPES

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TARGET DEPOSIT TYPE/ COMMODITIES METHOD(S) OF IDENTIFICATION SCALE OF THE SYSTEM/DEPOSIT ANALOGOUS DEPOSIT(S) EXPLORATION COMPLETED 2019 EXPLORATION PLANNED

Cliff

Cu-Au Porphyry Historical drilling and rock-chip sampling 3000 x 300 x 1000m Porphyry system Kerr Deposit – KSM Porphyry Cluster 2 Million Oz Au & 2586 Million lbs Cu Mapping, rock-chip sampling and drilling. Assays on MTS Website Mapping, sampling and

• drilling. Petrography,

geochronology and Ground IP

Nina

Cu-Au Porphyry Surface mapping, rock and soil Sampling 500 x 200 x 1000m Kerr Deposit – KSM Porphyry Cluster 2 Million Oz Au & 2586 Million lbs Cu Mapping, rock-chip sampling and drilling. Assays pending Structural analysis of Hawilson Monzonite, step

• ut drilling to the North

King East

Cu-Au Porphyry/VMS Field mapping, geophysical VTEM & soil anomalies ~1500m2 coincident resistivity & mag Kerr Deposit – KSM Porphyry Cluster 2 Million Oz Au & 2586 Million lbs Cu Technical review, Mapping, VTEM Mapping, sampling and Targeting drill locations

Cole

Cu-Au Porphyry Field mapping & sampling 500 x 600 x 400m - Alteration System Kerr Deposit – KSM Porphyry Cluster 2 Million Oz Au & 2586 Million lbs Cu Rock-chip sampling, mapping and drilling. Assays pending Sampling, Mapping, Continued drilling

Natt

VMS / Shear vein Au Field mapping & rock-soil anomalies 200 x 200 x 400m - Soil anomalies Eskay / Snip gold mine Technical review and exploration targeting Mapping and sampling

Etta

Epithermal Field mapping & rock-soil anomalies 200 x 200 x 400m - Soil anomalies Pretivm’s Brucejack deposit Technical review and exploration targeting Mapping, Channel sampling, rock chip sampling

Thunder N Thunder S

Magmatic Ni-Cu Mapping gabbros, alteration and structures/ VTEM 200 x 150 x 400m - Gabbroic units Carajas belt, Brazil and Ailoshan Red-River, Yunnan-China, Voisey Bay 141 Mt @ 1.6% Ni Technical review, VTEM and drilling. Assays pending Mapping and sampling program, petrography, technical reviews, drilling

MULTIPLE TARGETS MULTIPLE DEPOSIT TYPES

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SUMMER 2019 EXPLORATION PROGRAM

▪ Phase 1 (July)

• Trenching at the Cole Target
• 5 day field exploration with Dr. Lightfoot on Nickel

targets

• Geological mapping
• Rock chip sampling
• Soil sampling
• Drill collar finalizing

DRILLING PROGRAM PROGRAM

▪ Phase 2 (August-October)

• Drill program
• Cole & Etta
• Cliff
• King East
• Others to be confirmed following Phase 1

Metallis Chief Geologist Dr. Razique describing rocks and drill core to Tahltan Central Government President Chad Day.

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CLASSIFICATION OF MAGNETIC ANOMALIES

Response Shape Correlation

Strong Remnant-irregular Quaternary Basalt / volc. Moderate Induced-Linear Porphyry Cu-Au, dikes Mod-weak Remnant-irregular Volc.-sedimentary rocks

VTEM GEOPHYSICAL SIGNATURE TMI – RTP

Effective tool for Structural Architecture and Exploration Targeting 15

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COLE TARGET

▪ Right along the “Red line” unconformity ▪ Northern end of 7.5 km Hawilson Monzonite ▪ Shallow gold-rich porphyry dike swarm ▪ Transition outwards to epithermal gold veins ▪ Extensive geochemical footprint rich in Cu & Au ▪ Large sericitic alteration halo (500m X 500m) ▪ Stockwork and chalcopyrite at surface ▪ 1300m drilled over 3 holes in 2018 program

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COLE TARGET DRILLING

▪ KH18-18: intersected porphyry style mineralization and elevated gold in sulphides. ▪ KH18-19: discovered a high-grade gold zone of 137 g/t Au over 0.6m in shallow, intrusion-related massive sulphide veins. ▪ KH18-20: drilled along and across the Adam fault underneath an East dipping monzonite dike.

Hole ID Depth (m) From (m) To (m) Interval (m) Cu (ppm) Au (g/t) AuEq KH18-18 457.0 298.0 307.0 9.0 183.3 0.94 0.97 424.0 434.0 10.0 314.6 0.38 0.42 KH18-19 378.0 57.3 65.0 7.7 166.7 11.18 11.21 including 64.4 65.0 0.6 812.0 137.0 137.12 138.0 145.0 7.0 288.4 0.23 0.28 KH18-20 466.0 95.5 96.5 1.0 4180.0 0.10 0.74 198.0 202.0 4.0 1622.5 0.45 0.70 309.0 318.0 9.0 125.17 0.37 0.39 *AuEq values are based on $1,200/oz gold, $2.70/lb. Cu and 100% recovery.

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COLE TARGET

▪ NS-trending porphyry dikes, faults and multi-generational veins ▪ Tabular zone of high-grade gold veins intersected in both KH18-18 and KH18-19 ▪ Geology, geophysics and alteration patterns vector a porphyry system to the southeast

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ETTA TARGET

▪ Au/Ag/Cu Epithermal Target ▪ Intermediate sulphidation system to the west

• f the Hawilson Monzonite

▪ Well mineralized drusy quartz veins

• utcropping at surface

▪ 10m quartz-carbonate vein, which assayed 13.2 g/t Au, 795 g/t Ag and 1.3% Zn. ▪ Strong potential for high grade drill intercepts ▪ Has not been drill tested

Drusy quartz-carbonate veins in shear zone with ~10m strike length

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ETTA TARGET

▪ Above the “Red-Line” in Hazelton ▪ Extensive geochemical Au footprint ▪ Epithermal sheeted quartz veins ▪ High-grade gold target ▪ Has not been drill tested

NE-Trending Epithermal Au-bearing, Sheeted Quartz veins

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THUNDER NORTH TARGET

▪ Thunder N & S covers ~10km2 of the Kirkham Property and are early-stage Ni-Cu targets ▪ Hosted within Trans-tensional faults along the western margin of Eskay Rift ▪ Similar geology and structural architecture as Garibaldi’s Nickel Mountain ▪ Young basalts and glaciers remain a challenge in exploration targeting

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THUNDER NORTH TARGET 2018 PROGRAM

▪ 42 coincident VTEM Conductors / Mag anomalies ▪ Pull-apart structure / extensive mafic volcanics ▪ Olivine gabbro floats vector to Ni-Cu potential ▪ Thin section petrography highlighted the “Olivine Gabbronorite” composition ▪ Two drill holes (395m) tested 2 coincident VTEM conductors / Magnetics in Oct 2018 ▪ 2019 program is focused on property wide search for taxitic gabbros and VTEM conductors

Worldview 3 Satellite image illustrating the distribution and ranking of Ni-Cu targets in Thunder North & South

Highlights

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THUNDER NORTH TARGET 2018 PROGRAM

Looking N: Metallis’ Thunder North prospect immediately to the south of Garibaldi’s Nickel Mountain Project. Cross-polar photomicrograph illustrating the mineralogy of “Olivine Gabbronorite” from Thunder North

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HAWILSON MONZONITE

▪ 7.5 km mineralized dike swarm along the Trans-tensional Adam Fault system. ▪ Hosted in Stuhini sediments adjacent to the Triassic-Jurassic Red-line unconformity ▪ Multiple, gold rich porphyry systems clustered all along Hawilson Monzonite complex. ▪ Similar geology and structure as “KSM” - Kerr deposit containing ~2 Million ounces of gold and 2,586 million pounds of copper.

(Seabridge Gold –Presentation – October 3, 2018)

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HAWILSON MONZONITE – PORPHYRY MODEL

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CLIFF PORPHYRY SYSTEM

▪ Extended 4 km long porphyry corridor along 7.5 km Hawilson Monzonite complex ▪ Calc-alkalic porphyry copper-gold system ▪ Emplaced as N-S trending stocks, dikes & hydrothermal breccias ▪ Episodic potassic and sericite alteration and silicification ▪ Epithermal gold upgrades up to 14 g/t Au in silicification along syn-mineral faults ▪ 6 New drill holes totalling 3,000m

Highlights

Worldview 3 Digital Elevation Model and Sericite distribution along 4 km long Cliff-Nina Porphyry Corridor

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CLIFF PORPHYRY SYSTEM

▪ Dike swarm of mineralized Monzodiorite, diorite, feldspar porphyry and breccias ▪ 4 x 0.5 km sericitic alteration footprint ▪ Narrow post-mineral microdiorite dikes ▪ NE and NW trending Syn-mineral faults ▪ Gold-rich mineralization constrained within 1. Potassic alteration and vein stockwork 2. Silicification / Quartz-carbonate veins 3. Late-stage massive sulphide veins

Highlights

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CLIFF TARGET DRILL RESULTS 2018

Hole ID Depth(m) From (m) To (m) Interval (m) Cu (%) Au (g/t) *AuEq KH18-11 493.8 136 385 249 0.1018 0.13 0.29 incl. 201.5 210 9 0.0755 0.63 0.74 incl. 228 280 52 0.1572 0.18 0.42 KH18-12 490.7 86 153 67 0.0516 0.20 0.28 372 434 62 0.0090 0.45 0.46 incl. 372 381 9 0.0131 1.56 1.58 KH18-13 568.5 222 248 26 0.0438 0.51 0.58 340 569 229 0.1308 0.21 0.41 incl. 356 398 42 0.1709 0.36 0.62 KH18-14 606.6 9 560 551 0.0256 0.28 0.32 incl. 36 418 382 0.0262 0.36 0.40 incl. 36 73 37 0.0454 1.54 1.61 KH18-15 503.0 214 264 50 0.0590 0.38 0.47 321 339 18 0.0085 0.50 0.51 494 503 9 0.0074 0.49 0.50 KH18-16 399.6 7 148 141 0.2294 0.40 0.75 incl. 30 148 118 0.2551 0.46 0.85 incl. 78 114 36 0.2972 0.64 1.09

▪ 141 m of 0.4 g/t Au and 0.23% Cu in KH18-16 within potassic altered Monzonite dikes swarm ▪ 37 m of 1.54 g/t Au in KH18-14 are linked to quartz-carbonate veins and siliceous breccias ▪ 1-3 m intercepts with up to 3.0 g/t Au in quartz- carbonate and massive py-po-cpy veins.

*AuEq based on $1,200/oz gold, $2.70/lb Cu and 100% recovery

Gold Mineralization Events 28

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CLIFF ZONE CROSS SECTION

▪ Multiple, well mineralized tabular ore bodies beginning to take shape ▪ Strong potential for vertical and lateral expansion ▪ Pervasive potassic alteration in KH18-16 extends to the North ▪ Small breaks (Syn-mineral faults) in KH18-14 vector to high-grade gold zones

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CLIFF TARGET PORPHYRY INTRUSIONS & BRECCIAS

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HYDROTHERMAL ALTERATION MINERALIZATION

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NINA TARGET

▪ 1.5 km step out to the north of Cliff Target ▪ Drilled 180 m of mineralized Monzonite ▪ Potassic intervals with 0.34% Cu and 0.77 g/t AuEq vector richer grades at depth ▪ KH18-17 confirmed the continuity of 4 km long Cliff-Nina porphyry corridor

Nina drill pad looking NE towards the Eskay Rift

DISCOVERY HOLE KH18-17 Nina is represented by an extensive (500m x 300m) zone of sericitic alteration and NS-trending Monzonite dikes and breccias. The drilling intercepts including 0.34% Cu and 0.77 g/t AuEq in porphyry intrusions and 0.41 g/t AuEq in hydrothermal breccia reflect significant porphyry potential in the area.

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REGIONAL TARGETS TO BE EXPLORED

▪ King East: Large coincident mag and resistivity with numerous gold-veins and felsic stocks to the south. ▪ Fewright: An arcuate resistivity and mag anomaly coincident with the southern Hawilson Monzonite. ▪ Rhyolite Ridge: Represent Rhyolite lenses and sulfide enrichment near contacts with sedimentary units indicate VMS style mineralization in the area. ▪ Natt: VMS exhalative / Shear vein gold target with anomalous Au-Ag, Zn and pathfinder As and Hg in soil. ▪ Terwilligen: High in the porphyry system evident by propylitic alteration. The geophysical modeling indicate a near surface intrusion. ▪ Iliad: Coincident Mag-high and resistivity anomaly with gossan showings to the west along Harrymel creek. ▪ Maxmillion: Coincident Mag-highs and resistivity anomaly with subtle geochemical anomalies.

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CONCLUSIONS

▪ The 106 km2 Kirkham property (100% owned by Metallis) is situated in northwest BC within a metallogenic belt of gold endowment exceeding that in the Carlin Trend, Nevada. ▪ The “Red Line”, (Eskay Rift margin), which marks most of the copper-gold deposits in the Golden Triangle, can be mapped for approximately 10 km of strike-length along the Kirkham Property ▪ The presence of Porphyry Cu-Au, Shear vein Au, Epithermal Au and Magmatic Ni-Cu mineralization in the Kirkham property provides Metallis Resources the opportunity to make an economic discovery ▪ The 2018 Exploration Program consisted of:

• In-fill VTEM survey (83m) over Thunder North, Thunder South and Central Kirkham
• A Joint Venture VTEM Survey between Metallis Resources Inc. and Eskay Mining Corp.
• Field mapping and rock-soil sampling over the Hawilson Monzonite to generate drill targets
• 5,094 meters of diamond core drilling spread over 4 exploration targets

▪ 2018 Drilling Highlights:

• Cliff Target = 383m @ 0.36g/t Au incl. 37m @ 1.54g/t Au in hole KH18-14
• Cliff Target = 141m @ 0.40g/t Au and 0.23% Cu in hole KH18-16
• Cole Target = 7.7m @ 11.18 g/t Au over 7.7m including 137 g/t Au over 0.6m in hole KH18-18
• Nina Target = 180m of mineralized Hawilson Monzonite (“HM”) and breccias highlighted by 17m @ 0.33 g/t

AuEq and 2m @ 0.34% Cu and 0.77 g/t AuEq in pristine potassic alteration. ▪ Discovery of 10m quartz-carbonate vein at Etta, which assayed 13.2 g/t Au, 795 g/t Ag and 1.3% Zn ▪ Discovery of Rhyolite Ridge (VMS Target) and Iliard (Porphyry Target)

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GOLD, COPPER & NICKEL EXPLORATION IN THE HEART OF THE GOLDEN TRIANGLE

604 – 850 West Hastings St Vancouver, BC V6C 1E1 Phone: 604.688.5077 Fax: 604.688.5017 Email: info@metallisresources.com Web: metallisresources.com

TSX-V: MTS