Metallis & Talhtan Central Government Execute Communications Agreement

VANCOUVER, British Columbia, May 15, 2018 (GLOBE NEWSWIRE) — Metallis Resources Inc. (TSX-V:MTS) (“Metallis” or the “Company”) and Tahltan Central Government (“TCG”) are pleased to announce the signing of a Communications Agreement (the “Agreement”) covering the company’s 100% owned Kirkham Property located within the prolific Golden Triangle in BC’s northwest.

The Tahltan Central Government is the administrative body of the Tahltan Nation, located in northwest British Columbia. The TCG protects Tahltan Aboriginal rights and title, the ecosystems and natural resources of the Tahltan traditional territory by managing sustainable economic development, and supporting the cultural wellness of the Tahltan community. For more information, visit www.tahltan.org.

The Agreement establishes a solid framework and collaborative working arrangement between the parties, based on open dialogue, transparent communications and mutual cooperation with regards to the company’s exploration activities on the Kirkham Property. The Agreement also offers opportunities for cultural, economic and educational support for Tahltan members.

Metallis President and CEO, Fiore Aliperti, commented “A mutually respectful and open relationship with our First Nation partners is an integral piece in moving both our company and project forward. The signing of this agreement, even at this early stage of exploration, ensures that any questions or concerns can be addressed as early as possible within the exploration process.”

About the Kirkham Property

The 106 sq. km Kirkham Property is located about 65 km north of Stewart, BC within the prolific Golden Triangle. The northern border of Kirkham is contiguous to Garibaldi Resources’ E&L Nickel Mountain Project whereas the northeast corner of Kirkham is within 12 km of the Eskay Creek mine and the eastern border is within 15 – 20km of Seabridge Gold’s KSM deposits and Pretium Resources’ Brucejack mine.

About Metallis

Metallis Resources Inc. is a Vancouver-based company focused on the exploration of gold, copper, nickel and silver at its 100% owned Kirkham Property situated in northwest British Columbia’s Golden Triangle. Metallis trades under the symbol MTS on the TSX Venture Exchange and currently has 32,416,129 shares issued and outstanding.

2018 Venture 50

Metallis Resources Inc. was included in the 2018 Venture 50 (the “V50”). The V50 is a ranking of top performers on the TSX Venture Exchange last year. The ranking is comprised of ten companies from each of five industry sectors selected based on three equally weighted criteria: Market capitalization growth, share price appreciation and trading volume amount. To view the V50 video click here.

On behalf of the Board of Directors:
/s/ “Fiore Aliperti”
Chief Executive Officer, President and Director 

For further information:
Tel: 604-688-5077
Email: info@metallisresources.com
Web: www.metallisresources.com

CAUTION REGARDING FORWARD-LOOKING STATEMENTS

This Press Release may contain statements which constitute ‘forward-looking’ statements, including statements regarding the plans, intentions, beliefs and current expectations of the Company, its directors, or its officers with respect to the future business activities and operating performance of the Company. The words “may”, “would”, “could”, “will”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “expect” and similar expressions, as they relate to the Company, or its management, are intended to identify such forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future business activities or performance and involve risks and uncertainties, and that the Company’s future business activities may differ materially from those in the forward-looking statements as a result of various factors. Such risks, uncertainties and factors are described in the periodic filings with the Canadian securities regulatory authorities, including quarterly and annual Management’s Discussion and Analysis, which may be viewed on SEDAR at www.sedar.com. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Although the Company has attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results not to be as intended, planned, anticipated, believed, estimated or expected. The Company does not intend, and does not assume any obligation, to update these forward-looking statements.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. The TSX-V Stock Exchange has neither approved nor disapproved the contents of this news release.