CLARIFICATION OF PRIVATE PLACEMENT CLOSING ANNOUNCED MARCH 10, 2026

Executive Summary

• Metallis Resources clarifies that the aggregate cash finder's fees paid to eligible finders for its $1,262,000 private placement were $7,280.
• All other terms of the financing remain unchanged; the offering is still subject to final acceptance by the TSX Venture Exchange.
• The clarification does not affect the previously disclosed share count (92,992,503 common shares outstanding) or the company’s exploration focus.

Key Details

• Private placement total amount: $1,262,000.
• Cash finder's fees paid to eligible finders: $7,280 (aggregate).
• No changes to other financing terms originally disclosed on March 10, 2026.
• Financing remains subject to final acceptance by the TSX Venture Exchange.
• Post‑financing share count: 92,992,503 common shares issued and outstanding.

Notable Quotes

• “All other details regarding the Financing remain the same.” – Fiore Aliperti, CEO, President & Director, on behalf of the Board of Directors.