Mr. Fiore Aliperti reports:
Vancouver, BC: Metallis Resources Inc. (the “Company”) is pleased to announce it has entered into a Purchase and Sale Agreement with Paget Minerals Corp. TSX-V “PGS” (the “vendor”) to purchase all of the right, title and interest in certain mineral claims covering approximately 1822 hectares situated in northern British Columbia, about 65 km north of Stewart and 20 km southwest of Barrick’s Eskay Creek Mine known as the Mt. Dunn Property.
The vendor is selling the Mt. Dunn Property for $15,000 cash and 200,000 shares of the Company. The property is subject to an existing 2% Net Smelter Return Royalty. The acquisition is subject to TSX-V approval.
Fiore Aliperti, President of the Company states: “The purchase of the Mt. Dunn Property was strategic in nature, as it is situated inside our Company’s existing Kirkham Property and other claims staked by the Company. This new acquisition consolidates the Company’s total property holdings in the “Golden Triangle” area of North-West British Columbia to over 14,000 hectares”.
The newly-consolidated Kirkham Property was assembled because of its exploration potential for hosting Eskay Creek types of stratabound gold, silver, lead and zinc mineralization. In addition, the Mt. Dunn property is primarily underlain by a mineralized Monzonite. Precious metal bearing veins have also been identified on the Property. The Company is currently assessing and reviewing the results of an airborne EM/Mag/Spec survey it had conducted this past summer and shall disclose the scope of future work to be performed when information becomes available.
On behalf of the Board of Directors:
/s/ “Fiore Aliperti”
Chief Executive Officer, President and Director
For further information please contact: Fiore Aliperti, Telephone: (604) 688-5077
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.