January 29, 2015

Vancouver, BC: Metallis Resources Inc. (TSX-V: MTS) (the “Company” or “Metallis Resources”) announces a private placement consisting of up to 1,000,000 units at a price of $0.10 cents per unit for gross proceeds of up to $100,000. Each unit consists of one common share of the Issuer and one-half (1/2) of one share purchase warrant (each whole warrant, a “Warrant”).  Each Warrant is exercisable for a period of two years from the date of closing for the purchase of one additional Share at the price of $0.20 per Warrant Share. Any finder’s and/or agent’s fees will be paid in accordance with the policies of the TSX-V Exchange. Proceeds from this private placement will be used for general working capital. The private placement is subject to TSX-V approval.

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.