Mr. Fiore Aliperti reports

METALLIS ANNOUNCES $1,350,000 NON-BROKERED PRIVATE PLACEMENT

Metallis Resources Inc. has arranged a non-brokered private placement of up to $1.35-million. The financing will consist of up to 8,437,000 units at a price of 16 cents per unit. Each unit will consist of one common share and one non-transferable share purchase warrant exercisable into one common share at a price of 26 cents per share for a three-year period.

Shares issued on closing will be subject to a trading hold period expiring four months plus one day from the date of issuance. The closing of the private placement is subject to the receipt of all necessary regulatory approvals and final acceptance by the TSX Venture Exchange. Finders' fees may be paid, in accordance with securities regulations.

Proceeds from the financing will be used for field exploration work at the company's Greyhound and Kirkham properties and for general corporate purposes.

About Metallis Resources Inc.

Metallis Resources is a Vancouver-based company focused on the exploration for gold, copper and silver on its flagship, 100-per-cent-owned Kirkham property in Canada, situated in northwestern British Columbia's Golden Triangle, and on the Greyhound property, a gold-silver-antimony target in Idaho, United States.

We seek Safe Harbor.