Impressive Gold/Silver/Antimony Assay Results At Greyhound

VANCOUVER - Metallis Resources Inc. reported on the inaugural field exploration program  that has returned multiple high-grade silver, gold, lead, zinc, and antimony assays.  The Program was carried out at the Company's Greyhound Property, a high-grade silver/gold/antimony project within a historic stibnite (antimony mineral) mining camp, located in central Idaho. Work included detailed geological mapping, XRF survey, soil sampling and rock sampling, all of which has helped validate historic assays and provides a solid platform for further work.

Fiore Aliperti, CEO and President, said, "We are incredibly encouraged by the results from this first-stage of exploration at the Greyhound property, having achieved all of our objectives. Confirming the historic high-grade results from previous mining operations was a critical step in advancing the project, and the exceptional silver, gold, and antimony results reinforce the Property's significance and absolutely warrants Metallis moving forward." He added, "As we move into the next phase of exploration, we are actively evaluating options, including geophysics and drilling. Our priority is to unlock the incredible value of this promising asset."

Remarkable Sample Results: 1) Surface rock samples have returned exceptional assay grades of up to 67.02 g/t AuEq, with multiple grab samples greater than 10 g/t AuEq. 2) High Grade Antimony: Outstanding Sb results with 12% of the rock assays returning >1% Sb. The most elevated antimony grade was taken at the Bulldog Showing that delivered a significant 4.54% Sb. 3) Advancing Targets: Successful mapping of high-grade mineralization at surface allows us to advance the property to the next phases, including geophysics and drilling. 4) Discovery potential: The identification of a new showing, the Akita, has increased the potential for further discoveries across this underexplored property.

Impressive assay results have been returned across several metals and minerals from 133 rock samples comprising 64 continuous chip samples and 69 grab samples taken on the Property. Although historically a silver mine, elevated gold, lead, zinc, and antimony values have also been returned.  These results demonstrate the high-grade nature of this historic mine as the company begins to evaluate the Property's full potential.

Of the grab samples taken on the property, a total of 21 returned values greater than 10 g/t AuEq with numerous very high-grade results distributed along the entire length of the shear zones. Highlights include values up to 5,300 g/t Ag and 13.8 g/t Au, with the highest-grade sample returning 67.0 g/t AuEq taken from the Birdie Showing. Areas around the Republican and the Bulldog also produced consistently elevated assays.