June 16, 2014
Vancouver, BC: Metallis Resources Inc. (TSX-V: MTS) (the “Company” or “Metallis Resources”) is pleased to announce it has entered into a Purchase and Sale Agreement with John Bot (the “vendor”) to purchase all of the right, title and interest in two mineral claims known as the Achilles and King Creek claims covering approximately 53.59 hectares situated within the Company’s Kirkham Property in northern British Columbia.
The vendor is selling the Achilles and King Creek Claim for $2,000 cash and 25,000 shares of the Company. The acquisition is subject to TSX-V approval.
Fiore Aliperti, President of the Company states: “The purchase of the Achilles and King Creek claims was strategic in nature, as it is situated inside our Company’s existing Kirkham Property.
Dave Dupre, Vice President of Exploration states: “A heavy mineral sample collected at the mouth of a stream that drains the new claims returned a gold assay of 3847 ppb – one of the highest recorded from the Golden Triangle. An area characterized by a large coincident Electro Magnetic and Magnetic anomaly occurs near the headwaters of this creek. Hence, we are excited about these claims and look forward to exploring this part of our property in the future.”
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.
METALLIS RESOURCES INC. ENTERS INTO PURCHASE AGREEMENT AND EXPANDS KIRKHAM PROPERTY SITUATED in the GOLDEN TRIANGLE
June 16, 2014