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Metallica Metals Announces OTC Trading Symbol Change to "Mtalf" Effective February 2, 2021

Corporate Actions

METALLICA METALS ANNOUNCES OTC TRADING SYMBOL CHANGE TO "MTALF"

EFFECTIVE FEBRUARY 2, 2021

Vancouver, British Columbia – February 2, 2021 – Me tallica Metals Corp. (CSE: MM) (OTC: MTALF)

(FWB: SY7P) (the “Company” or “Metallica Metals ”) is pleased to announce that the Financial Indust ry

Regulatory Authority Inc. (" FINRA ") has approved the Company's request to change its OTC ticker symbol

from CRUUF to MTALF, effective as of the opening of market trading on February 2, 2021.

No action is required to be taken by current shareholders with relation to the trading symbol change. The

Company’s common shares will continue to trade on t he Canadian Securities Exchange (CSE) under the

symbol CSE: MM, as well as the Frankfurt Stock Exchange under the symbol FWB: SY7P.

On behalf of the Board of Directors

METALLICA METALS CORP.

Paul Ténière, 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

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 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 th at could cause the results to differ materially fro m

those expressed in the forward-looking information include, but are not limited to: general economic

conditions in Canada and globally; industry conditi ons, 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 volatilit y; 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, p rocessing and transportation problems; changes in t ax

laws and incentive programs; failure to realize the anticipated benefits of acquisitions and dispositi ons;

and the other factors. Readers are cautioned that t his 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 Regulation 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.