August 18, 2017

Vancouver, BC: Metallis Resources Inc. (TSX-V: MTS) (the “Company” 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 9.95% 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: info@metallisresources.com

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 accuracy of this release. The TSX-V Stock Exchange has neither approved nor disapproved the contents of this news release.