Mr. Fiore Aliperti reports

METALLIS INCREASES NON-BROKERED PRIVATE PLACEMENT TO $1.7 MILLION

Due to high demand, Metallis Resources Inc. has upsized its non-brokered placement first announced on May 22, 2025, from 8,437,500 units to 10,625,000 units, raising the potential gross proceeds from $1.35-million to $1.7-million. The financing will consist of up to 10,625,000 units at a price of 16 cents per unit. Each unit will consist of one common share and one non-transferable share purchase warrant. Each warrant will entitle the holder to purchase one additional common share at a price of 26 cents per share for a three-year period.

The offering is expected to close next week.

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.

The proceeds from the financing will be used for field exploration work at the company's Kirkham and Greyhound 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.