Mr. Fiore Aliperti reports

METALLIS ANNOUNCES $2,000,000 FINANCING

Metallis Resources Inc. has arranged a non-brokered private placement for gross proceeds of up to $2-million. The financing is expected to close shortly.

Private placement details

A total of 1,739,130 units will be issued at $1.15. Each unit will consist of one common share of the company and one-half of one non-transferable share purchase warrant. Each whole warrant will entitle the holder to purchase one additional common share of the company at a price of $1.60 per share for a period of three years from the date of closing. Any finders' fees and/or agents' fees will be paid in accordance with the policies of the TSX Venture Exchange. The private placement is subject to exchange approval.

Proceeds from the private placement will be used for the 2018 drilling program on the company's 100-per-cent-owned Kirkham property situated in the heart of the Golden Triangle's Eskay camp in northwest British Columbia and for general working capital.

About the Kirkham property

The 106-square-kilometre Kirkham property is located about 65 kilometres north of Stewart within the prolific Golden Triangle. The northern border of Kirkham is contiguous to Garibaldi Resources' E&L Nickel Mountain project, whereas the northeast corner of Kirkham is within 12 kilometres of the Eskay Creek mine while the eastern border is within 15 kilometres to 20 kilometres of Seabridge Gold's KSM deposit and Pretium Resources' Brucejack mine.

About Metallis Resources Inc.

Metallis Resources is a Vancouver-based company focused on the exploration of gold, copper, nickel and silver at its 100-per-cent-owned Kirkham property situated in northwest British Columbia's Golden Triangle.

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