April 22, 2016

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 1,400,000 incentive stock options (“Options”) to its directors and consultants at an exercise price of $0.10 per share, exercisable for a period of five years, expiring on April 23, 2021. These Options along with previously granted stock options that remain outstanding and exercisable, total 1,647,857 outstanding stock options. The total outstanding stock options granted represent approximately 9.9% of the 16,601,058 outstanding shares of the Company.

On behalf of the Board of Directors:

 /s/ “Fiore Aliperti”

Chief Executive Officer, President and Director

For further information, please visit 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.