Mr. Fiore Aliperti reports

METALLIS CLOSES $1,174,550 NON-BROKERED PRIVATE PLACEMENT

Metallis Resources Inc. has closed its private placement, raising $1,174,550 in one tranche. The final amount raised has been adjusted from the first tranche closing of $1,203,950 announced on June 30, 2026, reflecting the non-completion of one subscription. The financing consists of 7,830,333 units at a price of 15 cents per unit for gross proceeds of $1,174,550. Each unit consists of one common share and one-half of one non-transferable share purchase warrant. Each full warrant entitles the holder to purchase one additional common share at a price of 20 cents per share for a three-year period.

Finders' fees paid to registered finders consists of $83,764 and 558,426 full warrants, also exercisable at 20 cents per share for a three-year period. Finders' fees remain unchanged as first announced on June 16, 2026.

Shares and warrants issued on closing are subject to a trading hold period expiring four months plus one day from the date of issuance. The closing of the financing is subject to receipt of all necessary regulatory approvals and final acceptance by the TSX Venture Exchange. The proceeds are for exploration at the Greyhound property and working capital.

About Metallis Resources Inc.

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

Metallis has 100,822,836 common shares issued and outstanding, including the financing.

We seek Safe Harbor.