Metallica Metals Announces Termination of LOI to Sell Fortytwo Metals Inc. and the MAX MINE and Mill
METALLICA METALS ANNOUNCES TERMINATION OF LOI TO SELL FORTYTWO
METALS INC. AND THE MAX MINE AND MILL
Vancouver, British Columbia – March 30, 2021 – Metallica Metals Corp. (CSE: MM) (OTC: MTALF)
(FWB: SY7P) (the “Company” or “Metallica Metals”) announces that the non -binding letter of intent
(“LOI”) to sell FortyTwo Metals Inc. and the MAX Mine and Mill (see Metallica Metal’s (formerly Cameo
Industries Corp) press release dated November 4 , 2020) has been terminated in accordance with the
provisions of the LOI.
On behalf of the Board of Directors
METALLICA METALS CORP.
Paul Ténière, M.Sc., P.Geo.
CEO and Director
Head Office:
Suite 810 – 789 West Pender Street
Vancouver, BC V6C 1H2
Ph: (604) 687-2038
Toronto Office:
Suite 401 – 217 Queen Street West
Toronto, ON M5V 0R2
For more information, please visit the Company’s website at https://metallica-metals.com
Forward-looking Information Statement
This news release contains certain “forward- looking information” within the meaning of applicable
securities law. Forward-looking information is frequently characterized by words such as “plan”, “expect”,
“project”, “intend”, “believe”, “anticipate”, “estimate” and other similar words, or statements that certain
events or conditions “may” or “will” occur. In particular, forward-looking information in this press release
includes, but is not limited to, statements with respect to the Company’s proposed acquisition, exploration
program and the expectations for the mining industry. Although we believe that the expectations reflected
in the forward-looking information are reasonable, there can be no assurance that such expectations will
prove to be correct. We ca nnot guarantee future results, performance or achievements. Consequently,
there is no representation that the actual results achieved will be the same, in whole or in part, as those
set out in the forward-looking information.
Forward-looking information is based on the opinions and estimates of management at the date the
statements are made, and are subject to a variety of risks and uncertainties and other factors that could
cause actual events or results to differ materially from those anticipated in the forward-looking
information. Some of the risks and other factors that could cause the results to differ materially from
those expressed in the forward -looking information include, but are not limited to: general economic
conditions in Canada and globally; industry conditions, including governmental regulation and
environmental regulation; failure to obtain industry partner and other third party consents and approvals,
if and when required; the availability of capital on acceptable terms; the need to obtain required approvals
from regulatory authorities; stock market volatility; liabilities inherent in water disposal facility
operations; competition for, among other things, skilled personnel and supplies; incorrect assessments of
the value of acquisitions; g eological, technical, processing and transportation problems; changes in tax
laws and incentive programs; failure to realize the anticipated benefits of acquisitions and dispositions;
and the other factors. Readers are cautioned that this list of risk fact ors should not be construed as
exhaustive.
The forward-looking information contained in this news release is expressly qualified by this cautionary
statement. We undertake no duty to update any of the forward- looking information to conform such
information to actual results or to changes in our expectations except as otherwise required by applicable
securities legislation. Readers are cautioned not to place undue reliance on forward-looking information.
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in
the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of
this release.