METALLIS RESOURCES

PROPERTY LOCATION & ACQUISITION DATE

Project Activities In The 2022 Season

Metallis Resources Inc.

604-850 West Hastings Street, Vancouver, BC metallisresources.com

Contacts

General Inquiries

& LEADERSHIP

Fiore Aliperti

President and CEO

778 855 9681 fiore@metallis resources.com

The Kirkham Property, acquired in 2012 is located approximately 25 km south of Forest Kerr hydroelectric project and roughly 18 km southwest of the Eskay Creek road, which joins Highway 37 in the Tahltan Territory, northwest British Columbia.

COMPANY OVERVIEW & UPDATE

Any successes or challenges you’d like to share?

Despite the rugged topography and challenging weather, combined with COVID-19 protocols, Metallis’ exploration team successfully completed their work.

One of our team members, Wallace Thompson, was a superstar this past season, completing all his tasks and took the next step in leadership.

Number of employees working on your project(s)?

We do not have employees, we hire contractors. The following contractors were used:

• ITL Diamond Drilling: five people (zero Tahltans)

• P&R Pad Building: three people (zero Tahltans)

• Wild Timber Fallers: two people (zero Tahltans)

• Aberdeen Helicopters: two people (zero Tahltans)

• Core Cutting and Lift Operator: two people (one Tahltan)

• Geologist: two people (zero Tahltans)

In total we had 17 people work on our project, one was a Tahltan person.

The 2022 exploration program at the Kirkham Property included detailed structural mapping of the Cliff porphyry system, supported by over 5,000 meters of drill core re-logging. A total of four drill holes comprising 1,980 m were drilled in the Cliff porphyry zone.

Where does the majority of your financing come from year to year? What’s the breakdown of who owns your company and what’s your company’s market cap?

Metallis Resources is a publicly traded company with no revenue stream and therefore needs to raise money through private placements. The investor base is primarily from North America with some investors from Europe. Management owns 18% of the company, friends and family own 16 % of the company, financial institutions own 6 % of the company, and public investors own 60 %. Our market cap is $6 million.

Tentative plans and hopes for the 2023 season?

The plan for 2023 includes additional mapping, geochemical sampling, IP survey and drilling designed to explore the Cliff/Miles porphyry system as well as other regional targets throughout the Kirkham Property.

RELATIONSHIP WITH THE TCG & TAHLTAN NATION

During the 2022 season, what involvement did TCG personnel and departments have with your company? If they were not involved, why not?

Metallis has been involved with the Tahltan Central Government (TCG) personnel for the past six years, including work with the Lands Department regarding permitting. We established that we need to do a much better job in communicating with Ann Ball, Employment & Business Department Director. During Roundup 2023 we had a good meeting with Ann and her team and are going to be working together moving forward. Our 2022 program was not that big, hopefully this year will be better.

In 2022, how many Tahltans did you employ? What positions did they hold in your company and what percentage of Tahltans did you employ compared to others?

We had one Tahltan person work on our project. His name is Wallace Thompson. He was in charge of our core cutting and lift operator. We had one Tahltan employee out of our 17 employees accounting for 6% of the workforce.

Wallace Thompson worked the most man days and hours on our project.

What employment opportunities, now and in the future, are available to Tahltan members?

As our company grows, we expect to expand our work force. Opportunities for geotechnical workers, as well as field assistants and camp labour. Major contracts will be with Tahltan-affiliated companies, including accommodations drilling, pad building expediting, core cutting, and geotechnicians.

Why should Tahltan members want to work for you?

Metallis Resources has been around in the Golden Triangle, Tahltan Territory for 10 years. Metallis has a great relationship with TCG and the Tahltan people. We have sponsored Tahltan entrepreneurship through our interaction within the community. We have been involved in all of the job fairs throughout the Tahltan Territory.

Did you have any Tahltan contractors working for your company? What percentage of your contracting dollars went to Tahltan companies, including TNDC and their joint ventures?

Yes. Obsidian Camp Logistic Services - $229,862, Matrix Camp Logistic Services, McClymont Staging - $73,754, P&R Exploration Service - $58,323, ITL Diamond Drilling$343,434, and Wild Timber - $8,292.

Do you have any outside contractors working for you? If so, who are they? Who were the primary contractors you utilized? Do they offer employment opportunities to Tahltan members?

The two outside contractors that worked for us for the past three seasons were Aberdeen Helicopters based out of Prince George as well as ALS Laboratories based in Terrace. Aberdeen Helicopters is in the process of building a partnership with a Tahltan member.

The following was spent on contractors: Aberdeen Helicopters - $390,632

• ALS Labs - $62,244

• Michael Alexander Expediting - $24,654,

• C.J. Greig & Associates Geologist - $47,777

Anything else you would like to share with the Tahltan Nation?

Metallis encourages TCG and Tahltan members to focus on human resource development particularly in more technical roles including helicopters pilots, geologists, geotechnicians, engineers, and health, safety, and environment (HSE) professionals to support the growing exploration and mining industry.