Metallis Resources Inc. announced assay results from drill hole KH22-46,the first hole from the Company's 2022 exploration program (the "Program") at its 100%-owned Kirkham Property situated in the prolific Golden Triangle, northwestern British Columbia, a region known worldwide for the past producing Eskay Creek and Snip gold mines, Seabridge's KSM porphyry deposits, and Newcrest Mining's Brucejack and Red-Chris mines. The Program was focused at the South Cliff area of the Cliff-Miles porphyry corridor, with an objective to test for higher-grade extensions of copper and gold mineralization beneath the well mineralized drill intersections of holes KH17-08, KH18-16 and KH19-30, which returned the best results from the Kirkham Property to date. The assay results from KH22-46 show that the mineralized porphyry gold/copper system has been extended approximately 150 m below hole KH18-16 which cut 118 m of 0.80 g/t AuEq from surface.

The tabular Feeder Zone within the South Cliff area now exceeds 500 m in length, is approximately 100 m thick and extends to a depth of over 300 m below surface. Assay results from the next hole, KH22-47, are pending. This hole was designed to test the mineralized zone 150 m below KH22-46.

Several similar feeder zones proximal to the Adam Fault have been intersected in each of the identified fault-blocks along the 4 km-long Cliff-Miles porphyry corridor. All drill core and surface samples from the 2022 exploration program have been submitted to ALS Labs, a global testing, inspection and certification business and an ISO/IEC 17025:2005 accredited laboratory independent of the Company. All assay results will be reported after they have been subjected to QA/QC validation.