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Metallica Metals Announces Appointment of Trumbull Fisher to the Board of Directors

Management Changes

METALLICA METALS ANNOUNCES APPOINTMENT OF TRUMBULL FISHER TO THE

BOARD OF DIRECTORS

Vancouver, British Columbia – January 28, 2021 – Metallica Metals Corp. (CSE: MM) (OTC: CRUUF)

(FWB: SY7P) (the “Company” or “Metallica Metals”) is pleased to announce the appointment of

Trumbull Fisher as a Director of the Company effective immediately. Mr. Trumbull will be based out of

the Company’s new Toronto office.

Trumbull Fisher, Director

Trumbull Fisher has over 15 years of capital markets experience including raising capital in Canada, USA,

and internationally. He served as a foreign exchange trader at a top six Canadian bank and head of an

investment dealers Sales and Trading operation among other positions at various investment banks. Upon

leaving the IIROC dealer side of the business he co-founded Sui Generis, a public equity offshore hedge fund,

that was eventually sold to a Canadian asset manager where he acted as head of trading. Trumbull has

successfully managed several public and private companies in various roles such as Director, Chairman,

President, CEO, and Capital Markets Advisor. In the mining space, Trumbull is currently CEO and Director of

Mansa Exploration, a junior mining company with mineral properties in British Columbia and a Director of

Cyon Exploration with mineral properties in Nevada.

Paul Ténière, CEO and Director of Metallica Metals commented, “We are very excited to have Trumbull join

the board of Metallica Metals as his extensive capital markets and finance experience, and numerous

connections on Bay Street will be invaluable as we continue to expand our presence in Toronto and the

Ontario mining industry”.

Grant of Stock Options

The Company also announces that, subject to Canadian Securities Exchange approval and in accordance

with the Company’s stock option plan, it has granted Mr. Trumbull a total of 200,000 stock options. Each

option is exercisable to purchase one common share of the Company at $0.48 per share for a period of 5

years from the date of issuance.

On behalf of the Board of Directors

METALLICA METALS CORP.

Paul Teniere, M.Sc., P.Geo.

CEO and Director

[email protected]

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 or its SEDAR

profile at www.sedar.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 cor rect. We cannot 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; geological, 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 o f risk factors 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.