Metallis Resources Inc. announced the commencement of the company's 2022 drill program at its 100%-owned Kirkham Property situated in the prolific Eskay Camp of the Golden Triangle, northwestern British Columbia, a district known worldwide for the past producing Eskay Creek and Snip gold mines, Seabridge's KSM porphyry deposits, and Newcrest Mining's producing Brucejack gold mine. This work shows that the best mineralization encountered to date is concentrated in the hanging wall of the Adam Fault at lower levels within the system." He went on to add "With only the upper 150 meters ("m") being tested to date in the South Cliff area, the drill program will test and evaluate the depth extensions of these zones. The initial 3,000m drill program has now begun -- focusing on the South Cliff part of the Cliff-Miles porphyry corridor which forms a 4 km section of the longer 7 km Hawilson Monzonite Complex.

The targeted and cost-efficient program has been designed to test for high-grade extensions of copper and gold mineralization beneath well mineralized drill intersections (e.g., drill holes KH17-08 cut 145.8m grading 0.34 g/t Au and 0.22% Cu (0.71 g/t AuEq) and KH18-16 cut 141.3m grading 0.40 g/t Au and 0.23% Cu (0.75 g/t AuEq)). The Company is under cutting these previous holes as, typically, alkaline porphyry copper/gold systems in the Golden Triangle exhibit a small surface footprint but display increasing grade downward that can continue for more than 1,000m. Gold Equivalent Formula: Au g/t+(Cu% 1.27) Metal Prices Used: Gold - USD 1470/oz /Copper - USD 2.75/lb Following the completion of the initial drill program, the company anticipates step out holes within the immediate area to the north as its next focus.

The near-term goal of the Company is to demonstrate the true scale and grade of the system.