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Metallis Resources Inc
Symbol MTS
Shares Issued 12,522,791
Close 2014-08-05 C$ 0.17
Market Cap C$ 2,128,874
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Metallis Resources starts exploration work at Kirkham

2014-08-20 14:26 ET - News Release

Mr. Fiore Aliperti reports

METALLIS RESOURCES INC. ANNOUNCES A WORK PROGRAM ON KING ANOMALY

Metallis Resources Inc. has commenced an exploration work program on the company's Kirkham property in the Golden Triangle of Northern British Columbia, focusing on the King anomaly.

The planned program comprises geochemical sampling, trenching and geological mapping to follow up on the exciting King anomaly identified in the 2013 geotechnical VTEM airborne electromagnetic survey (see news release of Feb. 25, 2014). The goal of this program is to determine the cause and surface extent of the anomaly. Information gathered in the current program will be used to design a diamond drilling program to fully test the King anomaly.

Fiore Aliperti, president of the company, states: "We have been eager to follow up on the King anomaly since it was first identified. We are excited to learn more about this anomaly through this work program."

Dave Dupre, vice-president of exploration, states: "The King anomaly is highly encouraging because of its coincident resistivity and magnetic responses. A silt sample collected downstream from the anomaly returned extremely high (70 parts per billion) gold values. The most important gold deposits in this part of the Golden Triangle are: Eskay Creek, Snip, KSM and Valley of the Kings. These deposits were in production or soon will be. The King anomaly offers Metallis its first strong target on the Kirkham property. The King anomaly is one of many that have been identified in the airborne survey, which only covered approximately 30 per cent of the property. The remainder of the Kirkham property still remains relatively unexplored."

Qualified person

Technical aspects of this news release have been reviewed and approved by David Dupre, PGeo, designated as a qualified person under National Instrument 43-101.

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