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Cameo Industries Corp Announces NAME and Stock Ticker Symbol Change and Granting of Options

Corporate Actions

CAMEO INDUSTRIES CORP ANNOUNCES

NAME AND STOCK TICKER SYMBOL CHANGE AND GRANTING OF OPTIONS

Vancouver, British Columbia – December 15, 2020 – C ameo Industries Corp. (CSE: CRU) (OTC: CRUUF)

(FWB: SY7N) (the “ Company ” or “ Cameo ”) is pleased to announce that it will be completing a corporate

name change to “Metallica Metals Corp.” and will be gin trading under a new stock ticker symbol “MM”

at the start of trading on December 17, 2020 on the Canadian Securities Exchange. The Company’s ISIN

and CUSIP numbers will change to CA5912551044 and 591255104, respectively.

The Company believes that this corporate name chang e and stock symbol change reflects its ongoing

efforts at acquiring and exploring precious metals properties adjacent to or in close proximity to advanced

exploration and mining projects. This includes the Company’s recent acquisition of the Starr Gold

Property, and Richview Pine and Sammy Ridgeline pla tinum-group metals (PGM) properties in the

Thunder Bay Mining District of Ontario.

No action is required to be taken by shareholders w ith respect to the name change. Outstanding share

and warrant certificates are not affected by the na me and ticker symbol change and do not need to be

exchanged.

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 grante d a total of 900,000 options to certain directors a nd

officers of the Company. Each option is exercisable to purchase one common share of the Company at

$0.155 per share for a period of 5 years from the date of issuance.

Corporate Updates

The Company has also opened an office in Toronto, Ontario to better reflect the Company’s focus on top

tier exploration projects, and is currently working on an updated corporate website and corporate

presentation summarizing its recent property acquis itions and refocus to precious metals exploration

projects.

Qualified Person Statement

All scientific and technical information contained in this news release was prepared and approved by Paul

Ténière, M.Sc., P.Geo., CEO and Director of Cameo Industries Corp, who is a Qualified Person as defined

in NI 43-101.

On behalf of the Board of Directors

CAMEO INDUSTRIES CORP.

Paul Ténière, M.Sc., P.Geo.

CEO and Director

Suite 810 - 789 West Pender Street

Vancouver, BC V6C 1H2

Ph: (604) 687-2038

[email protected]

For more information about Cameo, please visit the Company’s SEDAR profile at

https://www.sedar.com/DisplayCompanyDocuments.do?lang=EN&issuerNo=00005547

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 cannot guarantee future res ults, 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 opinion s and estimates of management at the date the

statements are made, and are subject to a variety o f 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, includ ing governmental regulation and environmental

regulation; failure to obtain industry partner and other third party consents and approvals, if and wh en

required; the availability of capital on acceptable terms; the need to obtain required approvals from

regulatory authorities; stock market volatility; li abilities inherent in water disposal facility opera tions;

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 anticipa ted benefits of acquisitions and dispositions; and the

other factors. Readers are cautioned that this list of risk factors should not be construed as exhaustive.

The forward-looking information contained in this n ews release is expressly qualified by this cautiona ry

statement. We undertake no duty to update any of th e 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 Re gulation Services Provider (as that term is defined in

the policies of the Canadian Securities Exchange) a ccepts responsibility for the adequacy or accuracy of

this release.