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CPS Capital Group Pty Ltd is acting as finder in the placement. Funds from the financing are intended to be used for general working capital and to accelerate the development of the company’s Lake Superior zinc and copper project, the highest-grade zinc project in North America (see the press release of October 14, 2021 ).

This new press release does not constitute an offer to sell or a solicitation of an offer to buy the securities described herein in the United States or any other jurisdiction. The securities referred to in this press release have not been and will not be registered under United States securities law and may not be offered or sold without registration under United States securities law. securities and all applicable state securities laws or without compliance with the requirements of an exemption from such registration.

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 .

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 .


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]


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 proposed financing. 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 the financing will be completed as planned; 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 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 financing will be completed as planned; that the Company’s stated objectives and planned exploration and development activities 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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