Mr. Greg Johnson reports

METALLIC MINERALS ANNOUNCES CLOSING OF FINAL PRIVATE PLACEMENT FINANCING

Metallic Minerals Corp. has closed its flow-through-share offering of 4.8 million common shares at a price of 27 cents per flow-through share for gross proceeds of approximately $1.3-million. The flow-through offering follows the previously closed brokered and non-brokered offerings on July 30, 2025, and Aug. 25, 2025, for aggregate total gross proceeds of $8-million.

Proceeds from the flow-through offering are intended to be used toward eligible Canadian exploration expenses, within the meaning of the Income Tax Act of Canada, at the company's high-grade Keno silver project adjacent to Hecla Mining's Keno Hill silver operations, and the company's Klondike gold alluvial royalty portfolio in Canada's Yukon territory.

Greg Johnson, chairman and chief executive officer of Metallic Minerals, commented: "We are excited to have completed these financings totalling $8-million with strong participation from our existing shareholders and strategic investors, including Newmont Corp., and many new investors whom we welcome to our register. The full participation of our board and management underscores our collective confidence in the company's path forward. This funding provides the capital to advance our cornerstone La Plata copper-silver-gold-PGE project and Keno silver project at a time of strengthening fundamentals and strategic importance of these critical metals, while continuing to build out production on our gold royalty portfolio. With gold, silver and copper at or near record levels, and large-cap producers trading at multiyear highs, we see an exceptional opportunity for venture-stage companies such as Metallic Minerals to deliver outsized returns and compelling leverage to the emerging bull market in U.S. and Canadian critical minerals. We are diligently advancing our active programs, which are designed to deliver multiple milestones and create significant shareholder value in the year ahead."

The flow-through shares will be subject to a holding period of four months and one day from the date of issuance. Finders' fees of $48,000 were payable to Cormark Securities Inc. and Canaccord Genuity Corp. on a portion of the flow-through offering. The flow-through offering remains subject to the final acceptance of the TSX Venture Exchange.

Coming events

Metallic's management team will be available at the following international events in 2025, in addition to other events to be added, as the company continues its marketing plans over the rest of the year:

1. Precious Metals Summit -- Beaver Creek, Colo., Sept. 9 to Sept. 12, 2025;
2. Precious Metals Summit -- Zurich, Switzerland, Nov. 10 and Nov. 11, 2025;
3. AEMA's annual meeting -- Sparks, Nev., Dec. 7 to Dec. 12, 2025;
4. PDAC 2026 -- Toronto, Ontario, March 1 to March 4, 2026;
5. Swiss Mining Institute Conference -- Zurich, Switzerland, March 18 and March 19, 2026.

About Metallic Minerals Corp.

Metallic Minerals is a resource-stage mineral exploration company, focused on copper, silver, gold, platinum group elements and other critical minerals at La Plata project in southwestern Colorado and the Keno silver project adjacent to Hecla Mining's Keno Hill silver operations in the Yukon territory. 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 and native corporations, and local communities to support successful project development.

We seek Safe Harbor.