Metallis Resources Grants Options

METALLIS RESOURCES GRANTS OPTIONS

August 18, 2017

Vancouver, BC: Metallis Resources Inc. (TSX-V: MTS) (the “Co mpany” or “Metallis

Resources”) announces that, pursuant to the terms of the Company's Stock Option Plan, the

Company has granted an aggregate of 1,100,000 incentive stock options ("Options") to its

directors, officers and consultants at an exercise price of $0.39 per share, (as per the market

closing price on Thursday, August 17, 2017) exercisable for a period of five years, expiring on

August 18 , 2022 . These Options along with previously granted stock options that remain

outstanding and exercisable, total 2,325,000 outstanding stock options. The total outstanding

stock options granted represent approximately 9.9 5% of the 23,368,617 outstanding shares of

the Company.

About Metallis

Metallis Resources Inc is a Vancouver based company focused on the exploration of gold,

copper and silver on the 100% owned Kirkham Property situated in northern British Columbia.

The 10,600 hectare Kirkham Property is located about 65 km north of Stewart within the prolific

Golden Triangle. The Property is within 30 kilometres of Pretium’s Brucejack deposit and

Seabridge’s KSM deposit and is in between 20 and 40 kilometres of Barrick’ s Eskay Creek and

Snip Mine. Metallis Resources Inc. trades under the symbol MTS on the TSX Venture

Exchange.

On behalf of the Board of Directors:

/s/ “Fiore Aliperti”

Chief Executive Officer, President and Director

For further information:

Tel: 604-688-5077

Email: [email protected]

Web: www.metallisresources.com

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 a ccuracy of this release. The TSX -V Stock Exchange has neither approved nor

disapproved the contents of this news release.