METALLIS AMENDS CLOSING TO $1,203,950 IN FIRST TRANCHE OF NON-BROKERED PRIVATE PLACEMENT

About this update from Metallis Resources Inc.

METALLIS AMENDS CLOSING TO $1,203,950 IN FIRST TRANCHE OF NON-BROKERED PRIVATE PLACEMENT /* Style Definitions */ span.prnews_span { font-size:8pt; font-family:"Arial"; color:black; } a.prnews_a { color:blue; } li.prnews_li { font-size:8pt; font-family:"Arial"; color:black; } p.prnews_p { font-size:0.62em; font-family:"Arial"; color:black; margin:0in; } Canada NewsWire VANCOUVER, BC, July 1, 2026 /CNW/ - Metallis Resources Inc. (TSXV: MTS) (OTCQB: MTLFF) ("Metallis" or the "Company") announces the Company has increased the closing of the first tranche (the "First Tranche") of its non-brokered private placement (the "Financing") from $1,174,550 to $1,203,950 (See News Releases dated June 1 and June 16, 2026). The First Tranche consists of 8,026,333 units at a price of $0.15 per unit for gross proceeds of $1,203,950. Each unit consists of one common share and ½ of one non-transferable share purchase warrant. Each full warrant entitles the holder to purchase one additional common share at a price of $0.20 per share for a 3-year period. Shares and warrants issued on closing are subject to a trading hold period expiring four months plus one day from the date of issuance. The closing of the First Tranche is subject to receipt of all necessary regulatory approvals and final acceptance by the TSXV. The proceeds are for exploration at the Greyhound Property and working capital.The securities being offered have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, or state securities laws, and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent U.S. federal and state registration or an applicable exemption from the U.S. registration requirement.Finders' fees paid to registered finders consists of $83,764 and 558,426 full warrants, also exercisable at $0.20 per share for a 3-year period. Finders fees remain as first announced on June 16, 2026.About Metallis Metallis Resources Inc. is a Vancouver-based company focused on the exploration for gold, copper and silver at its 100%-owned Kirkham Property in Canada, situated in northwest British Columbia's Golden Triangle, and at the Greyhound Property, a gold/silver/antimony property in Idaho, USA.Metallis has 101,018,836 common shares issued and outstanding, including the First Tranche.On ...

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