Metallic Minerals Announces Filing of NI 43-101 Technical Report for the Inaugural Mineral Resource Estimate on the Keno Silver Project in Yukon, Canada

VANCOUVER, BC / ACCESSWIRE / April 12, 2024 / Metallic Minerals Corp. (TSXV:MMG)(OTCQB:MMNGF) ("Metallic Minerals" or the "Company") is pleased to report that, further to its news release dated February 26, 2024, it has filed on SEDAR a National Instrument 43-101 technical report entitled "Mineral Resource Estimate for the Keno Silver Project, Yukon, Canada", with an effective date of February 1, 2024.

Scott Petsel, President of Metallic Minerals, stated, "The inaugural resource, which defined 18.16 million ounces of silver equivalent (inferred) at the Keno Silver project is a major milestone for the project. The 171 km² Keno Silver Project, neighboring Hecla Mining's current Keno Hill operations, has very clear opportunities to grow the 2024 Resource Estimate quickly and efficiently with additional drilling, while continuing to advance early-stage targets to new discoveries. The project team is currently working to finalize the next phases of exploration to include additional resource expansion drilling in 2024. Additionally, we anticipate reporting results from our 2023 drill campaign at our La Plata project and providing an update on our alluvial royalty projects over the next few weeks."

The Technical Report was authored by Allan Armitage, Ph.D., P.Geo. of SGS Geologic Services ("SGS") an independent Qualified Person and was prepared in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects. The report is available under the Company's profile at www.sedar.com and will also be available on the Company's website at www.mmgsilver.com.

About SGS Geological Services

SGS Geological Services has an experienced and respected mining team focused on the domestic and international mining industry. The team has considerable experience in estimation and modeling of deposits of all types and practical and theoretical experience having carried out hundreds of assessments for clients. The SGS team consists of a multi-disciplinary group of qualified persons with a strong understanding of the disclosure requirements for Mineral Resources set out in the NI 43-101 Standards of Disclosure for Mineral Projects (2016), CIM Definition Standards for Mineral Resources and Mineral Reserves (2014) and a strong understanding of the CIM Estimation of Mineral Resources & Mineral Reserves Best Practice Guidelines 2019.