Metallum Resources Increases Proposed Non-Intermediary Private Placement Financing to $5.242 Million

The February 17, 2022 research report titled “Metallum Resources Inc. (TSXV: MZN) Develops One of the Highest Grade Zinc Projects in the World – Coverage Launch” was written and produced by FRC Vice President and Head of Research, Siddharth Rajeev, B.Tech, MBA, CFA, as an independent analysis of SSV’s activities and progress.

FRC’s research department, headed by Sid Rajeev, has covered more than 500 companies from a wide range of sectors, including energy, mining, real estate and technology. Sid Rajeev regularly provides media commentary on the valuation of small cap stocks and the industries he covers. It also manages the FRC list of Top Picks, which are the stocks covered by FRC in which it has the highest level of conviction. These picks have historically helped FRC earn high marks in various third-party analyst performance rankings. He is also the co-author of two online courses, including the highly successful “Evaluation of Junior Mining Companies for Investment Purposes” which has turned into classroom courses, seminars and is in demand at investment conferences around the world. across North America.

The FRC report is currently available on the FRC website – www.researchfrc.com or upon written request from FRC:

Analyst: Siddharth Rajeev
Suite 308 – 1155 Pender Street West
Vancouver, BC, Canada V6E 2P4
Phone: 604-682-7050
E-mail:
[email protected]

Basic Research Society.

Since 2003, Fundamental Research Corp. provides the highest institutional quality equity research coverage on over 500 public small and micro cap stocks through its extensive distribution network. Its research is used by some of the world’s largest institutional investors who access it through channels such as Reuters, Capital IQ and by subscription. In 2010, Fundamental Research’s top picks earned it the 3rd highest ranked analyst firm with an overall return of 20.75% and the top position in the basic materials sector with a return of 29.07% over the basis of third-party ranking systems that track analysts globally. It continues to rank in the Top Ten in independent third-party assessments of its research and has earned a reputation for producing high-quality reports. Basic Research provides high quality research and adheres to high ethical standards and a solid foundation of integrity.

Any reports on Metallum prepared by analysts represent the views of those analysts and are not necessarily those of Metallum. Although the Company has paid a fee to Fundamental Research Corporation for providing its independent research opinion (just as fees are paid to bond rating agencies and auditors for their opinions), the Company is not responsible for the content, the accuracy or timeliness contained in an analyst’s report and fees were not dependent on the opinion provided.

In addition, readers should be aware, and are cautioned, that any opinions, estimates or forecasts contained in research analysts’ reports are not subject to the requirements of National Instrument 43-101 (“NI 43-101″).” Disclosure Standards for Mineral Projects” and have not received any endorsement or approval from Metallum. As such, Metallum does not imply or represent in any way that any of the reports, opinions, estimates or forecasts regarding Metallum made by research analysts complies with NI 43-101 or represents the opinions or beliefs of Metallum or its management or its representatives.

In addition to the information filed by Metallum as found on SEDAR ( www.sedar.com ), readers should refer only to Metallum’s technical report(s) regarding its project prepared in accordance with NI 43-101.

About Metallum

Metallum Resources (TSXV:MZN) is developing its Lake Superior zinc and copper project located in Ontario, Canada, which has been advanced to the feasibility stage. For more information on the project, please visit metallumzinc.com .

Metallum is a member of the Gold group of companies, led by Simon Ridgway. For further details on the Company and the Superior Project, please visit the Company’s website at metallumzinc.com .

ON BEHALF OF COUNCIL

Kerem Usenmez,

President and CEO

Metallum Resources Inc.

Symbol: TSXV-MZN

For more information, contact:

Kerem Usenmez, President and CEO

Tel: 604-688-5288; Fax: 604-682-1514

Email: [email protected]

Website: metallumzinc.com

Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.

Caution Regarding Forward-Looking Statements

Certain statements contained in this press release constitute forward-looking statements within the meaning of Canadian securities laws. All statements included herein, other than statements of historical facts, are forward-looking statements and include, but are not limited to, statements about the Company’s plans for exploration and property development. Often, but not always, these forward-looking statements can be identified by the use of words such as “estimate”, “estimate”, “estimate”, “potential”, “open”, “future”, “assumed”, “projected”. “. “, “used”, “detailed”, “has been”, “gain”, “improved”, “compensated”, “limited”, “content”, “reflecting”, “containing”, “remaining”, “to be “, “periodically” or statements that events “could” or “should” occur or be realized and similar expressions, including negative variations.

Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company to be materially different from the results, performance or achievements expressed or implied by the statements. prospective. These uncertainties and factors include, among others, whether exploration and development of the Company’s properties will proceed as planned; changes in general economic and financial market conditions; the Company or any joint venture partner not having the financial capacity to achieve its exploration and development objectives; risks associated with the results of exploration and development activities, mineral resource estimates and the geology, grade and continuity of mineral deposits; unforeseen costs and expenses; risks associated with COVID-19, including adverse impacts on the global economy, exploration efforts and personnel availability; and other risks detailed from time to time in the Company’s quarterly and annual filings with securities authorities and available under the Company’s profile on SEDAR at www.sedar.com. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in the forward-looking statements, there may be other factors that cause the actions, events or results differ from those anticipated, estimated or expected.

The forward-looking statements contained herein are based on management’s assumptions, beliefs, expectations and opinions, including, but not limited to: that the Company’s stated objectives and exploration and planned development will be achieved; that there will be no material adverse change affecting the Company or its properties; and any other assumptions as set forth herein. Forward-looking statements are made as of the date hereof, and the Company disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results or otherwise, except as required by law. required. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, investors should not place undue reliance on forward-looking statements.

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