Metallis Announces $500,000 Non- Brokered Private Placement

METALLIS ANNOUNCES $500,000 NON-

BROKERED PRIVATE PLACEMENT

VANCOUVER, BC

,

March 14, 2024

/CNW/ -

Metallis Resources Inc.

(TSXV: MTS) (OTCQB:

MTLFF) (FSE: 0CVM)

(the "Company" or "Metallis") announces a non-brokered placement (the

"Financing") of up to

$500,000

. The Financing will consist of up to 7.7 million shares at a price of

$0.065

per share.

Proceeds from the Financing will be used for the first phase exploration of the Greyhound property

and for general corporate purposes.

Shares issued on closing will be subject to a trading hold period expiring four months plus one day

from the date of issuance. Closing of the private placement is subject to receipt of all necessary

regulatory approvals and final acceptance by the TSXV.

About Metallis

Metallis Resources Inc. is a

Vancouver

-based company focused on the exploration for gold, copper,

and silver on its flagship 100%-owned Kirkham Property in

Canada

, situated in northwest

British

Columbia's

Golden Triangle, and on its recently acquired Greyhound Property, a gold/silver target in

Idaho, USA

.

Metallis trades under the symbols MTS on the TSX Venture Exchange, MTLFF on the OTCQB

Exchange, and 0CVM on the Frankfurt Stock Exchange. The Company currently has 60,544,312

common shares issued and outstanding.

On behalf of the Board of Directors:

/s/ "Fiore Aliperti"

Chief Executive Officer, President, and Director

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 because 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.

SOURCE

Metallis Resources Inc.

View original content to download multimedia:

http://www.newswire.ca/en/releases/archive/March2024/14/c9531.html

%SEDAR: 00025829E

For further information:

Tel: 604-688-5077, Email: [email protected], Web:

www.metallisresources.com

CO: Metallis Resources Inc.

CNW 09:00e 14-MAR-24