Metallica Metals Announces Election of Director

Toronto, Ontario--(Newsfile Corp. - January 9, 2023) - Metallica Metals Corp. (CSE: MM) (OTCQB: MTALF) (FSE: SY7P) (the "Company") is pleased to announce that at its annual general shareholder meeting held on January 9, 2023 (the "Meeting"), Ms. Carly Burk has been elected as a new director of the Company.

Ms. Burk practices securities law and works with both public and private issuers. Ms. Burk holds a Bachelor of Laws from the University of Southampton, a Certificate of Qualification from the Federation of Law Societies and a Bachelor of Arts (Honours) from Carleton University. Ms. Burk serves as an officer and/or director of several public and private entities.

Ms. Sandy Noyes did not stand for re-election at the Meeting. The Company would like to thank Ms. Noyes for her contributions to the Company and wishes her success in future endeavours.

FOR FURTHER INFORMATION PLEASE CONTACT:

METALLICA METALS CORP.
Aaron Stone, P.Geo.
Chief Executive Officer info@metallica‐metals.com

Head Office:
600-890 West Pender Street
Vancouver, BC V6C 1J9 Canada

Toronto Office:
Suite 401 - 217 Queen Street West
Toronto, ON M5V 0R2 Canada

About Metallica Metals Corp.

Metallica Metals Corp. is a Canadian junior mining company listed on the Canadian Securities Exchange ("CSE") and its common shares trade under the ticker symbol "MM". The Company is focused on acquiring and exploring gold‐silver and platinum group metal (PGM) properties across Canada. The Company is currently exploring and developing its Starr gold‐silver project, and Sammy Ridgeline and Richview Pine PGM projects, which are all located adjacent to advanced mining projects in the Thunder Bay Mining District of Ontario.

This news release contains certain "forward-looking information" within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate", "may", "will", "would", "potential", "proposed" and other similar words, or statements that certain events or conditions "may" or "will" occur. These statements are only predictions. Forward-looking information is based on the opinions and estimates of management at the date the information is provided, and is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information. For a description of the risks and uncertainties facing the Company and its business and affairs, readers should refer to the Company's Management's Discussion and Analysis. The Company undertakes no obligation to update forward-looking information if circumstances or management's estimates or opinions should change, unless required by law. The reader is cautioned not to place undue reliance on forward-looking information.

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