Mr. Alexander Stares reports

METALS CREEK RESOURCES CORP. ANNOUNCES NON-BROKERED PRIVATE PLACEMENT TO ADVANCE SHABAQUA CORNERS GOLD PROJECT AND TILLEX COPPER

Metals Creek Resources Corp. intends to complete a non-brokered private placement of flow-through and non-flow-through units. The private placement is expected to close on or before Dec. 23, 2023.

The company intends to issue up to 15 million flow-through units at a price of three cents per unit for aggregate proceeds of up to $450,000. Each FT unit will consist of one flow-through common share and one non-flow-through common share purchase warrant. Each whole FT warrant will entitle the holder to purchase one additional non-flow-through common share of the company at an exercise price of six cents per common share for a period of 24 months from the date of issue. The FT shares will entitle the holder to receive the tax benefits applicable to flow-through shares in accordance with provisions of the Income Tax Act (Canada).

The company also intends to issue up to five million non-flow-through units at a price of three cents per unit for aggregate proceeds of up to $150,000. Each NFT unit will consist of one non-flow-through common share and one non-flow-through common share purchase warrant. Each NFT warrant will entitle the holder to purchase one additional non-flow-through common share of the company at an exercise price of five cents per common share for a period of 24 months from the date of issue.

In connection with the private placement, the company may pay finders' fees in cash, securities or a combination of both, as permitted by the policies of the TSX Venture Exchange. All securities issued pursuant to the private placement will be subject to a four-month hold period. The private placement is subject to approval by the TSX Venture Exchange.

The proceeds raised from the FT units will be used for drilling on the company's Shabaqua Corners gold property and the Tillex copper project, and will ensure that such Canadian exploration expenses qualify as a flow-through mining expenditure for purposes of the Income Tax Act (Canada), related to the exploration of the company's exploration projects.

About Metals Creek Resources Corp.

Metals Creek is a junior exploration company incorporated under the laws of the Province of Ontario, is a reporting issuer in Alberta, British Columbia and Ontario, and has its common shares listed for trading on the exchange under the symbol MEK. Metals Creek has earned a 50-per-cent interest in the Ogden gold property from Newmont Corp., including the former Naybob gold mine, located six kilometres south of Timmins, Ont., and has an eight-kilometre strike length of the prolific Porcupine-Destor fault. In addition, Metals Creek owns and/or has option agreements in place to acquire a 100-per-cent interest in claims in the Shabaqua Corners area of Northwestern Ontario.

Metals Creek also has multiple quality projects available for option, which can be viewed on the company's website. Parties interested in seeking more information about properties available for option can contact the company.