Metallis Resources Inc. (TSX-V: MTS); (OTCQB: MTLFF), (FSE: 0CVM) announces the closing of its non-brokered private placement. Details announcing the Financing can be found in the Company’s previous news releases dated May 22^nd and June 6^th, 2025.

Total proceeds from the Financing are $1,500,000, resulting in the issuance of 9,375,000 units at a price of $0.16 per unit. Each unit consists of one common share and one non-transferable share purchase warrant entitling the holder to purchase one additional common share at a price of $0.26 per share for a 3-year period.

Proceeds from the Financing will be used for field exploration work at the Company’s Greyhound and Kirkham properties and for general corporate purposes.

All shares issued on closing are subject to a regulatory trading hold period expiring four months plus one day from date of issuance.

Finder fees of $42,720 along with 267,000 finder’s warrants, also exercisable at a price of $0.26 per share for a 3-year period, were paid to registered finders.

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 Greyhound Property, a silver, gold and antimony 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. With this Financing, the Company has 84,680,003 common shares outstanding.