Metallica Metals Corp. announced the resignation of Mr. Aaron Stone as the Chief Executive Officer of the Company, effective immediately. The Company would also like to announce that Mr. Benoit Desormeaux has been appointed as Chief Executive Officer of the Company.

Benoit Desormeaux Chief Executive Officer: Benoit Desormeaux is a proven mining CEO, having risen through the ranks of SEMAFO from 1997 to 2020, including as CEO, COO and CFO. He also has over 12 years of board experience, including as audit committee chair, with public and private companies and charitable organizations. During his career, Mr. Desormeaux established a reputation for value creation, respecting guidance and timelines and delivering on commitments.

He has a strong operations background, having operated four mines in three West African countries, and a proven ability to take exploration and development projects through the full cycle of technical studies, permitting, financing, construction and operations. Mr. Desormeaux has excellent mining capital markets experience, having participated in multiple equity and debt financings and various M&A transactions. He is also a Chartered Professional Accountant (CPA).