Metallis & Talhtan Central Government execute Communications Agreement

Metallis President and CEO, Fiore Aliperti. — Photo courtesy Metallis Resources Inc. VANCOUVER, British Columbia, May 15, 2018 (GLOBE NEWSWIRE) -- M

Metallis President and CEO, Fiore Aliperti. — Photo courtesy Metallis Resources Inc.

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.”

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.

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.

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. Web: www.metallisresources.com

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