Metallic Minerals Corp. announced final results from the 2022 exploration programat its 100% owned high-grade Keno Silver project in the historic Keno Silver District of Yukon, Canada. A total of 642 meters (m) were drilled in six (6) holes at the Caribou target in the Central Keno area to test extensions of known high-grade and bulk-tonnage mineralization.

This work was completed as part of a larger 3,265 m drill program focused on target extension drilling at advanced-stage "resource-ready" targets (Caribou, Formo and Fox) in anticipation of an inaugural NI 43-101 mineral resource estimate for the Keno Silver project in 2023. Drilling at the Caribou target continues to successfully extend high-grade silver mineralization both down-dip and south along strike of the known extents of the Caribou structure with a total of 71 intercepts in 5,980 meters of drilling to date. Hole CH22-01 intersected two separate higher grade vein intervals within a broad zone of bulk tonnage mineralization.

From 91.5 to 92.0 meters a 0.5 m interval contained 348 (g/t) silver equivalent and 125.2 to 125.7 m the hole intercepted 0.5 m of 1,201 g/t Ag Eq bounding a zone of 34.2 m grading 38 g/t Ag Eq. The southernmost drilling at the Caribou target, first drilled in 2021, continues to demonstrate strong potential for further extension with 1,310 g/t Ag Eq encountered over 0.5 m at a near-surface depth of 44 m in hole CH22-05. The Company has retained SGS Geological Services to complete the inaugural resource estimate and modelling work is underway.