Mr. Alexander Stares reports

METALS CREEK CLOSES PRIVATE PLACEMENT AND GIVES EXPLORATION UPDATE

Further to its Nov. 29, 2023, Dec. 20, 2023, and Jan. 16, 2024, news releases, Metals Creek Resources Corp. has closed its private placement financing.

The company has issued 11,173,400 flow-through (FT) units for aggregate gross proceeds of $335,202. Each FT unit consists of one flow-through common share and one common share purchase warrant, with each warrant being exercisable at six cents for 24 months from the date of issuance.

All securities issued pursuant to the private placement are subject to a four-month-and-one-day hold period.

Proceeds of this private placement will be used for continuing exploration at the company's Shabaqua Corners gold property and Tillex copper project and for general working capital purposes.

The company also announces that permits have been received for the initial drill program at the Shabaqua Corners gold project (SCGP). Drilling will commence once a drill rig has been secured. Prospecting and mechanical trenching conducted during this last summer at SCGP was highlighted by numerous new gold discoveries as well as high-grade channel samples of 29.12 grams per tonne (g/t) gold (Au) over 0.75 metre (m), 29.4 grams per tonne Au over 0.6 m at Main zone and 1.04 grams per tonne Au over 18.7 m at the newly discovered Echo zone.

The eastern boundary of SCGP is located 1.57 kilometres (km) west of Delta Resources (DLTA) drill hole DL-22-18 which returned an intercept of 5.92 grams per tonne Au over 31 m. Trenching conducted on Delta's ground 390 m east of the property boundary returned an interval of 2.22 grams per tonne Au over eight m.

Drilling at Tillex will follow later in the winter/spring. Most recent intercept at Tillex in 2011 returned 85.48 metres of 1.65 per cent copper (Cu) and 33 grams per tonne silver (Ag), including five metres of 5.55 per cent Cu and 355 grams per tonne Ag.

Michael MacIsaac, PGeo, and vice-president of exploration for the corporation and a qualified person as defined in National Instrument 43-101, is responsible for this release and supervised the preparation of the information forming the basis for this release.

About Metals Creek Resources Corp.

Metals Creek Resources 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-kilometres 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.