April, 2011

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Cautionary Statement

Certain statements herein may contain forward-looking information within the meaning of applicable securities laws. Forward-looking information appears in a number of places and can be identified by the use of words such as “intends” or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved. Forward-looking information includes statements regarding the Company’s exploration and development plans with respect to its properties and the estimate of mineral resources and are subject to such forward-looking risks, uncertainties and other factors which may cause the Company’s actual results, performance or achievements, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information. Such risks include metal price volatility, change in equity markets, the uncertainties involved in interpreting geological data, permitting and environmental, increase in costs and exchange rate fluctuations and other risks involved in the exploration and development industry. There can be no assurance that forward-looking information referenced herein will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements or information. Also, many of the factors are beyond the control of Metallis Resources Inc. Accordingly, readers should not place undue reliance on forward-looking information. All forward-looking information here in are qualified by this cautionary statement. The Company does not undertake to update such forward-looking information except in accordance with applicable securities laws.

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Metallis Resources Inc. Share StructureMTS: TSX Venture

 Issued and Outstanding Shares: 12,991,058*

Options:Expiry date: Price (CAD$): QuantityMarch 22, 2015 $1.10 50,000 August 15, 2016 $1.75 52,857September 15, 2015 $0.10 700,000February 12, 2016 $0.15 200,000August 25, 2016 $0.15 295,000

WarrantsAugust 21, 2016 $0.20 234,134 

Total Fully Diluted Shares Outstanding: 14,523,049* *(as of September 9th, 2014)

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Director, President and CEOFiore Aliperti o Negotiated acquisition of the Kirkham Property and Mt Dunn Propertyo In July 2013, appointed President and CEO of Metallis Resourceso Appointed to the Board in February 2012o In 2011 managed the Italian subsidiary’s subcontractors and was the corporate contact on all Italian

matters; Negotiated and arranged property exploration activities o In July 2010 joined Coltstar Ventures Inc. to consult in corporate development o Managerial and Marketing professional with a 25 year record of achievement in the private sector

Director and CFOJon Lever o CPA, CMAo CFO of Finavera Wind Energy for the past 7 yearso Been director and/or CFO of several public resource companies in the past 10 years.o Extensive experience in senior financial roleso Appointed Director of Metallis and then CFO to assist with the Company’s restructuring in

2012/2013

Board and Management

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Director and Chairman Michael Sikich o Brings over two decades of business experience in both private enterprise and public companies to

the Metallis teamo Owner of real estate company currently employing over 150 people with sales of several hundred

million dollars annuallyo Strength in business management and execution of critical paths and business plans

Director – Independent Dr. Dave Webbo Dr. Webb is a Registered Professional Geologist with over 30 years of experience in mineral

exploration, development and production in Canada and internationally o He holds a B.Sc. in engineering from the University of Toronto, a M.Sc. in Geological Sciences from

Queen’s University and a Ph.D. in Geological Sciences from the University of Western Ontario o During his tenures as president of both public and private companies, projects have been

developed from pre-discovery to production. During this period companies under Dr. Webb’s management have raised over $70 million in development funds

o As a consultant, he co-authored a Qualifying Report recommending the acquisition of an exploration property which has now been developed into Fortune Mineral’s Nico Project, NWT, a gold, cobalt IOCG deposit hosting the world’s largest reserves of bismuth, currently in permitting

Board and Management

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Board and ManagementVice President of ExplorationDavid DuPre o David DuPre is a professional geologist with over 45 years of experience in mineral and petroleum

exploration, major project management and corporate administration of public companieso Mr. DuPre has worked and collaborated with both major and junior mining companies in projects

spanning North and South America, Europe, Africa and Asiao Mr. DuPre brings a disciplined scientific approach to mineral exploration using his excellent

managerial skillso Since 1988, he has concentrated his efforts in the “Golden Triangle” area of Northwestern British

Columbiao While President of Firesteel Resources, he acquired the ROK Property (adjacent to the Red-Chris

Mine) and the Copper Creek property in the very active Sheslay Campo He was intimately involved in the discovery of the Eskay Creek mine as project manager while at

Keewatin Engineering – a major Mining Consultancy that he co-founded

Corporate SecretarySameen Sheikh o Joined Metallis in March 2012o Brings nine years of public company experience to the companyo Previously served as a director in a public company and as Corporate Secretary in several

Canadian publicly listed companies

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Advisory CouncilMemberLawrence Roulstono Mr. Roulston is a mining analyst and past mining company executive with more than 35 years of

resource industry experience. o Since 1998, he has been a mining analyst and consultant, as well as the editor of Resource

Opportunities, an independent investment publication focused on the mining industry. o Mr. Roulston holds a BSc in geology, and has additional training in engineering and business from

the University of British Columbia. o He began his mining career as an analyst with a major mining company, and then went on to

management positions with mid-tier and junior resource companies, including the CEO role of an exploration company.

o He has had direct contact with hundreds of exploration and mining projects in 40 countries around the world.

o His experience includes managing the re-development of a mining operation in northwest BC and overseeing exploration projects in the Golden Triangle area of BC.

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Advisory CouncilMemberChet Idziszeko Mr. Idziszek holds a Master of Applied Sciences degree from McGill University and has worked as

an exploration geologist and exploration executive with numerous international mining companies for over 40 years.

o He has been recognized by his industry peers for his central role in the discovery and development of the Eskay Creek gold deposit in Canada, being designated “Mining Man of the Year” in 1990 and “Prospector of the Year” in 1994.

o He has also been recognized for his leadership of Adrian Resources Ltd. during its exploration and development of the Petaquilla copper-gold-silver-molybdenum deposits in Panama (First Quantum Minerals Ltd.’s Cobre Panama deposit).

o He was a director of Arequipa Resources Ltd. which discovered the Pierina gold deposit subsequently acquired by Barrick Gold Corp. in 1996 for Cdn $1.1 billion. Since 2005 his principal focus was Oromin Explorations Ltd. and its joint venture on the OJVG Gold Project in eastern Sénégal. On October 4, 2013, Teranga Gold Corporation completed the acquisition of all the issued and outstanding shares of Oromin Explorations Ltd. by way of a takeover bid.

o Mr. Idziszek’s expertise and success in the Golden Triangle will assist Metallis in the exploration on the Kirkham Property which is just 20km southwest of the Eskay Creek mine.

Rationale for Acquisition

o Many parts of British Columbia are highly prospective for minerals, but one region stands out - an area in the northwestern referred to as the Golden Triangle.

o One of the richest mineral belts in the world.

o Produced enormous precious and base metal wealth over the past century.

o Having already delivered millions of ounces of gold and tens of millions of ounces of silver, the region ranks as an important mineral district.

o Represents only a tiny fraction of the metal now known to be hosted in

the district.

Golden Triangle

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1960’s -1970’so Enormous amount of exploration

work outlined numerous large precious and base metal deposits.

o The area went quiet at the end of the 1970s, before those mines could be developed.

1980’s o A resurgence of exploration in the

Golden Triangle with a focus on gold and silver.

o Exploration efforts were driven by junior exploration companies.

o Eskay Creek Mine discovered in 1988 and became the fifth largest silver mine in the world,

o 15 million ounces annually for much of its 14-year mine life.

The resulting staking rush saw the district broken into thousands of small claims, with numerous companies each pursuing targets within the bounds of their property.

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The Kirkham Property o Located within the prolific Golden Triangle of northern British

Columbia, approximately 65km from Stewart. o 35 mineral claims covering over 12,540 hectares. o Approximately 20 km southwest of Barrick Gold Corp’s Eskay

Creek Mine and 40km from Pretium Exploration’s Brucejack deposit.

o Property originally assembled by the late Dr. Rodney Kirkham, a distinguished geologist who was a renowned copper deposit expert with the Geological Survey of Canada. He spent many years studying the base and precious metal deposits of The Golden Triangle.

o Metallis purchased The Kirkham Property July, 2013 and further expanded the property by acquiring The Mt. Dunn Property in December 2013.

o In February 2014 Metallis staked an additional claim of 536 hectares. This new claim covers an area upstream from several of the highest (98th percentile) gold-in-silt samples.

o In June 2014 Metallis further acquired an additional 2 claims known as the Achiles and King Creek claims which were situated within the existing Kirkham Property. A heavy mineral sample collected at the mouth of a stream that drains the new claims returned a gold assay of 3847 ppb - one of the highest recorded from the Golden Triangle. The purchase of these claims is part of our strategic plan to acquire more prospective ground in the heart of BC's Golden Triangle. 12

o Dr. Kirkham methodically assembled a large land package in the central part of the Golden Triangle

o Based selection on a regional, evolving geological concept

o Very little exploration carried out below the tree-line.

o Outstanding potential for commercial mineralization.

o Metallis, guided by the regional features, will use geophysics and other tools to probe untested areas.

o Recent example of this approach is the discovery of phenomenal concentrations of gold at Pretium’s Valley of the Kings deposit

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Regional Geology

The Kirkham Property was assembled by Metallis for its potential to host a wide variety of precious and base metal deposits, most of which have close spatial and genetic links with Early Jurassic magmatism. Deposit styles reflect an assortment of depositional environments including:

o Veins: Snip, Silbak-Premier, Red Mountain, Brucejack and Scottieo Alkaline porphyry copper/gold deposits (shear/vein gold/silver deposits

(ie. Snip, Brucejack, KSM, etc).o Volcanogenic Massive Sulphides: Eskay Creek

A compilation of the archived exploration reports and recent government geological mapping shows that the property displays numerous showings, geochemical and geophysical anomalies, alteration zones and permissive geological features.

In July of 2013, Metallis recently carried out an 50 km2 airborne EM/Mag/Spec survey over a part of the property. This survey outlined numerous targets worthy of follow up. 14

Compilation Maps of The Kirkham Property

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o Several broad anomalous zones are observed. In general they follow magnetic trends and are commonly associated with local magnetic anomalies. There is a good correlation between the distribution of EM anomalies and Th/K ratio anomalies.

o The isolated anomalies could correspond to the volcanogenic massive sulphide (Eskay Creek –type) or the shear/vein (Snip Mine-type) exploration models. The large anomalies could be related to porphyry copper/gold systems (i.e. Red-Chris, Galore Creek, and Mt. Milligan).

o A localized EM and magnetic response occurs on two lines near the base of a steep north facing slope. This response is particularly interesting since geochemical sampling downslope generated anomalous Cu/Zn/Au/As values. The combined geochemical and geophysical response is interpreted as a possible gold bearing massive sulphide target.

o A broad 2 km sized coincident 100nT magnetic high and low resistivity zone occurs in the north central part of the survey area. The low resistivity zone is interpreted to be caused by alteration and possibly sulphide mineralization. The broad magnetic anomaly is interpreted to be the expression of an intrusive body which could be the source for the mineralization discovered to date. A weak Thorium/Potassium ratio high also coincides with the zone, suggesting a dioritic intrusion.

o One of the major coincident TEM/MAG/Radiometric anomalies is correlated with the known distribution of the Hawlison monzonite.

o At the south end of the above mentioned quartz monzonitic intrusive, a zone of increased EM response, again associated with a mag low, occurs on the west side of the mapped intrusive, and in the vicinity of mineralized showings. A limited amount of drilling and trenching has identified copper and gold mineralization occuring over a 3.5 kilometer-long section of this intrusion.

2013 AEM Survey Results

70 ppb Au

120 ppb Au

98th Percentile Gold (ppb)

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• Directly west of the 2km sized mag/resistivity anomaly mentioned above, a localized EM and magnetic response occurs on two lines near the base of a steep north facing slope. This response is particularly interesting since geochemical sampling downslope generated anomalous Cu/Zn/Au/As values. The directly associated negative 300nT response suggests remanence magnetism from a body emplaced at a time when the earth’s field was reversed.

• Modeling of the VTEM electromagnetic response suggests a 15 Siemen, west dipping, approx. 300M target at a shallow depth of about 40M. The combined geochemical and geophysical response is interpreted as a possible gold bearing massive sulphide target. It occurs about 200M west of the Hawlison monzonite. This target is about 20kms southwest of Barrick Gold’s Eskay Creek mine.

• The isolated conductors have not been tested to date and represent very attractive targets suitable for follow-up. In several cases, these conductors are related to silt and soil geochemical anomalies or prospective rock-types such as rhyolites.

King Anomaly

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2014 Exploration Program

Metallis plans to carry out a focused exploration program in 2014.

The work will be focused on targets generated by the 2013 airborne geophysical survey and the compilation of previous results.

The exploration program will include:

Phase One:

1. Geological Mapping.

2. IP surveys.

3. Soil Geochemical Surveys utilizing advanced collection and analytical techniques

designed for the property’s setting.

4. Trenching and sampling of targets.

Phase Two:

4. Drilling of selected targets.

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April, 2011

515-850 West Hastings Street, Vancouver,British Columbia, Canada V6C 1E1

P: (604) 688.5077 F: (604) 688.5017 E: info@metallisresources.com

MTS: TSX.V www.metallisresources.com