April, 2011 1 Cautionary Statement Certain statements herein may - - PowerPoint PPT Presentation

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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Director, President and CEO

Fiore Aliperti

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

matters; Negotiated and arranged property exploration activities

• In July 2010 joined Coltstar Ventures Inc. to consult in corporate development
• Managerial and Marketing professional with a 25 year record of achievement in the private sector

Director and CFO

Jon Lever

• CPA, CMA
• CFO of Finavera Wind Energy for the past 7 years
• Been director and/or CFO of several public resource companies in the past 10 years.
• Extensive experience in senior financial roles
• 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

• Brings over two decades of business experience in both private enterprise and public companies to

the Metallis team

• Owner of real estate company currently employing over 150 people with sales of several hundred

million dollars annually

• Strength in business management and execution of critical paths and business plans

Director – Independent

• Dr. Dave Webb
• Dr. Webb is a Registered Professional Geologist with over 30 years of experience in mineral

exploration, development and production in Canada and internationally

• 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

• 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

• 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 Management

Vice President of Exploration

David DuPre

• 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 companies

• Mr. DuPre has worked and collaborated with both major and junior mining companies in projects

spanning North and South America, Europe, Africa and Asia

• Mr. DuPre brings a disciplined scientific approach to mineral exploration using his excellent

managerial skills

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

Columbia

• 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 Camp

• 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 Secretary

Sameen Sheikh

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

Canadian publicly listed companies

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Advisory Council

Member

Lawrence Roulston

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

resource industry experience.

• 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.

• Mr. Roulston holds a BSc in geology, and has additional training in engineering and business from

the University of British Columbia.

• 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.

• He has had direct contact with hundreds of exploration and mining projects in 40 countries around

the world.

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

Metallis Resources Inc. Share Structure

MTS: TSX Venture

Issued and Outstanding Shares: 18,026,058* Options: Expiry date: Price (CAD$): Quantity April 23, 2021 $0.10 1,400,000 Warrants March 4, 2017 $0.20 530,000 August 2, 2018 $0.35 925,000 Total Fully Diluted Shares Outstanding: 20,881,058*

*(as of August 25, 2016)

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The Kirkham Property

• Located within the prolific Golden Triangle of northern British Columbia, approximately 65km from Stewart.
• 30 mineral claims covering over 10,610 hectares.
• Approximately 20 km southwest of Barrick Gold Corp’s Eskay Creek Mine
• Approximately 40km from Pretium Exploration’s Brucejack deposit.
• 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

• f The Golden Triangle.

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Kirkham Project Regional Property Map

The base and precious metal deposits reflect a variety of depositional environments, including Au-Cu+/-Mo porphyry, precious metal-rich polymetallic veins and Au/Ag-rich volcanogenic massive sulphides. Within 50 kilometers of the Kirkham property, the mineral endowment exceeds 100 million ounces of gold in N.I. compliant resources and historical production, as summarized in the table below.

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Kirkham

Jurasic-Triassic Contact

Unuk River Area – Local Geology

METALLIS KIRKHAM

King Cole

Unuk River Area – Local Geology 12

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By: Lesley Stokes May 6, 2015 Northern Miner - Volume 101 Number 13 May 11 - 17, 2015 VANCOUVER — Geologists Jeff Kyba and Joanne Nelson from the B.C. Geological Survey may have unlocked the secret to world-class porphyry- and intrusion-related gold-copper deposits in northwestern B.C. They’ve discovered that most of the major deposits in the region

• ccur within 2 km of a regional stratigraphic contact, and according to Kyba, there are

lithological and structural clues to narrow that window even more. “The contact represents a period in earth’s history when a lot of deposits in B.C. were forming,” Kyba says during an interview with The Northern Miner. “But no one really knows what controlled their emplacement and where best to look. We’re trying to answer that question, and so far the results are exciting.” Northwest B.C. contains the remnants of a much larger, ancient volcanic arc — similar to the present-day Philippines — called the Stikine terrane. Between 220 and 175 million years ago, subduction and volcanism along the arc promoted the emplacement of world- class deposits such as KSM, Brucejack, Eskay Creek, Schaft Creek and Red Chris — to name a few. But during the Cretaceous period, starting 144 million years ago, the metal-rich arc was compressed to nearly half its length as the margin of western North America collided with other

• terranes. The deformation was so intense that it obliterated most structural clues related to the

main mineralizing event, making it difficult for explorers to locate the deposits. “The rocks here are much older than those in the Philippines or Indonesia, so they’ve been banged up quite a bit,” he says. “But just because the geology is more complex, doesn’t mean the deposits aren’t there.” Seabridge Gold’s (TSX: SEA; NYSE: SA) KSM deposit has total proven and probable reserves of 38.2 million oz. gold and 9.9 billion lb. copper at 2.2 billion tonnes of 0.55 gram gold per tonne and 0.21% copper. Pretium Resources’ (TSX: PVG; NYSE: PVG) Brucejack epithermal deposit has proven and probable reserves of 6.9 million oz. gold at 13.6 million tonnes of 15.7 grams gold.

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“Over the past five years, the northwest Stikine has built its momentum towards becoming the world’s next big mineral province,” he says. “People are recognizing that these deposits have high-grade roots and big extensions they never thought were there.” Kyba and Nelson started their investigations at the KSM and Brucejack copper-gold camp, where Pretium geologists were finding evidence for an old tectonic event that influenced

• mineralization. What they found was a unique package of basal conglomerates and turbidites

along the Stuhini-Hazelton group stratigraphic contact. “To a geologist, these rocks indicate a hiatus in ancient volcanism and an increase in earthquake activity,” he explains. “The land was uplifted along faults, and near its edges, the rocks were eroded and deposited into the basin below.” Kyba believes this tectonism provided the framework for metal-rich fluids and intrusions to migrate along when volcanism resumed during Hazelton time. “You don’t see these conglomerates everywhere in the region, and that’s the whole point,” he says. “The idea is if you see them, you’re near a basin-bounding structure that may be hosting something big.” But a change in lithology across the contact isn’t the only thing Kyba suggests is a useful proxy to finding “nation-building” ore deposits. Brucejack and KSM are both encased in a large halo of a highly deformed, quartz-sericite-altered host rock. Immediately east is a large, Cretaceous-aged thrust fault called “sulphurets” that caps the altered ore host. Kyba reckons that it’s no coincidence the prominent fault is so close to the deposits. “When the Stikine was compressed, all the prospective structures bounding these old basins were slippery because of the alteration associated with the porphyries. So they were the first to fail, and became reactivated as younger, prominent thrust faults.” Kyba mentions he has an “open-door” policy on the data he uses, and offers explorers a geological map that highlights the prospective contact as a thick, red line.“If you’re near that red line, and there’s a clastic sequence coupled with large-scale faults, then you might be in the neighbourhood of B.C.’s next big deposit,” he says. “And knowing that is a big game changer for explorers in the region, because it’ll get them closer to making a discovery.”

Regional Geology and Mineralization

J Tr

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KING

Coarse Pyroclastics Limestone Chert

TR J Kirkham Property - Geology 16

Comparative Stratigraphy – Eskay - Cole 17

KING

Airborne Survey – Resistivity Results

A localized EM and magnetic response

• ccurs 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. A broad 2 km sized coincident 100nT magnetic

high and low resistivity zone occurs in the north central part

• f

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

• f 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. At the south end of the above mentioned quartz monzonitic intrusive, a zone

• f

increased EM response, again associated with a mag low, occurs on the west side of the mapped intrusive, and in the vicinity

• f

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.

18 Hawlison Monzonite

Total Magnetic Intensity (TMI)

King

Airborne Magnetic Results 19 Hawlison Monzonite

Possible Extension of Hawlison Monzonite

Gamma Ray Spectrometer Potassium Levels

20 Hawlison Monzonite

King

• Directly

west

• f

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.

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Kirkham Compilation Map 22

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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