An anonymous director reports

METALLIC MINERALS ANNOUNCES WARRANT EXTENSION

Metallic Minerals Corp. has applied for TSX Venture Exchange approval to extend the expiry date on certain share purchase warrants.

Per the application, 4.8 million warrants that were originally issued as part of a private placement transaction on June 8, 2022 (see June 9, 2022, news release), exercisable at 50 cents per warrant and expiring Dec. 8, 2024, will now be extended to an expiry date of June 8, 2025.

In addition, the company proposes to extend the expiry date for 735,500 warrants issued pursuant to a private placement transaction on June 30, 2022 (see June 17, 2022, news release), exercisable at 50 cents per warrant and expiring on Dec. 30, 2024, will now be extended to June 30, 2025.

All other terms and conditions of the warrants remain unchanged.

About Metallic Minerals Corp.

Metallic Minerals is a resource-stage mineral exploration company, focused on copper, silver, gold and platinum group elements in top North American mining jurisdictions. The company's objective is to create shareholder value through a systematic, entrepreneurial approach to making exploration discoveries, growing resources and advancing projects toward development.

At the company's La Plata project in southwestern Colorado, the expanded 2023 National Instrument 43-101 mineral resource estimate highlights a significant porphyry copper-silver resource containing 1.2 billion pounds copper and 17.6 million ounces of silver, with numerous additional targets showing potential for a district-scale porphyry system. The company announced a 9.5-per-cent strategic investment by Newmont in May, 2023. The U.S. Geological Survey has identified the La Plata mining district as a critical mineral resource area under the Earth Mapping Resources Initiative program and has completed significant geologic and geophysical studies to enhance understanding of the critical mineral occurrence in the district. The La Plata project is located between the communities of Mancos and Durango, Colorado, north of Highway 160.

In Yukon, Canada, Metallic Minerals has the second-largest land position in the historic high-grade Keno Hill silver district, directly adjacent to Hecla's operations, with more than 300 million ounces of high-grade silver in past production and current M&I (measured and indicated) resources. The new 2024 resource estimate at the company's Keno silver project adds 18.2 million ounces silver equivalent to the company's total resources. Hecla is the largest primary silver producer in the United States and is soon to be Canada's largest with full production at its Keno Hill operations in 2024.

The company is also one of the largest holders of alluvial gold claims in the Yukon and is building a production royalty business by partnering with experienced mining operators.

Metallic Minerals is led by a team with a record of discovery and exploration success on several major precious and base metal deposits in North America as well as having large-scale development, permitting and project financing expertise. The Metallic Minerals team is committed to responsible and sustainable resource development and has worked closely with Canadian first nation groups, U.S. tribal/native corporations and local communities to support successful project development.

We seek Safe Harbor.