Vancouver, BC – Metallis Resources Inc. (TSX-V: MTS) (the “Company” or “Metallis Resources) is pleased to announce the receipt of a report which provides an interpretation of the “KING ANOMALY” on the Company’s Kirkham Property (the “Property”), situated in the prolific Golden Triangle area of northern British Columbia. This report was recently prepared by Dr. J. Lajoie, PhD. P. Eng. Geophysicist. Previously, in July 2013, Geotech Ltd., (“Geotech”) conducted a helicopter-borne versatile time domain electromagnetic (VTEM), magnetometer and gamma-ray spectrometry geophysical survey, covering 57 km2 of the Property at 250-metre line spacing, the results of which were press released on December 19, 2013. Several anomalies were noted, and the Company has prioritized the King Anomaly as its most interesting target.

 “The King Anomaly (click here for image) on the Kirkham property was discovered in the 2013 Geotech VTEM airborne electromagnetic survey. The King Anomaly consists of prominent, localized, and coincident electromagnetic and magnetic anomalies. The interpretation suggests that the VTEM electromagnetic response can be fitted using a west dipping 15 Siemen plate-like conductor using a strike length of 300M. The directly coincident magnetic response is negative, due to negative remanent magnetism, suggesting that body was emplaced at a time when the Earth’s magnetic field was reversed. In addition, BC regional stream silt geochemistry directly downslope shows anomalous gold (70 ppb – uppermost 2% of all sample results). As well, local silt sampling shows anomalous values in the immediate region.

 The King Anomaly has potential for being a gold bearing massive sulphide deposit. It is located about 20 kms from the Eskay Creek deposit. Ground follow-up electromagnetic and magnetic surveys are planned for the summer of 2014, leading to drill testing.”

 Mr. Fiore Aliperti, President of Metallis states “this isolated conductor has not been tested to date and represents the Company’s highest priority target suitable for follow-up. These coincident geophysical and geochemical anomalies are very rare in the Golden Triangle and are commonly associated with the most important mineral deposits.”

 Qualified Person

Technical aspects of this news release have been reviewed and approved by Dr. Jules Lajoie PhD., P.Eng. and David G. Dupre, P. Geo., Vice President of Exploration for the company, designated as a qualified person under National Instrument 43-101.
On behalf of the Board of Directors:
/s/ “Fiore Aliperti”
Chief Executive Officer, President and Director
For more information, please visit the Company website: 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.

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This Press Release may contain statements which constitute ‘forward-looking’ statements, including statements regarding the plans, intentions, beliefs and current expectations of the Company, its directors, or its officers with respect to the future business activities and operating performance of the Company. The words “may”, “would”, “could”, “will”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “expect” and similar expressions, as they relate to the Company, or its management, are intended to identify such forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future business activities or performance and involve risks and uncertainties, and that the Company’s future business activities may differ materially from those in the forward-looking statements as a result of various factors. Such risks, uncertainties and factors are described in the periodic filings with the Canadian securities regulatory authorities, including the Company’s Annual Information Form and quarterly and annual Management’s Discussion and Analysis, which may be viewed on SEDAR at www.sedar.com. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Although the Company has attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results not to be as anticipated, estimated or intended. The Company does not intend, and does not assume any obligation, to update these forward-looking statements.

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