Metallica Metals Corp. (CNSX:MM) agreed to acquire 46 Claims Approximately 2,583 Hectares Along the Waswanipi-Saguenay Zone in Quebec for CAD 1.36 million on May 16, 2023. As consideration for the Property, the Company will issue the Sellers an aggregate of 8 million common shares of Metallica Metals.

All securities issued pursuant to the Acquisition will be subject to a statutory hold period of four months.