Metallum Files Feasibility Study Technical Report for Superior Project, Ontario:
After Tax IRR of 23%, NPV 8% at $131.3M, payback 3 years – Base Case

Thu Oct 14 2021 04:00:00 GMT+0000 (Coordinated Universal Time)

Metallum Resources Inc. (TSXV:MZN) (“Metallum” or the

Metallum Resources Inc. (TSXV:MZN) (“Metallum” or the
“Company”) is pleased to announce that the Company has filed a Feasibility Study technical report,
prepared in accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects
(“NI 43-101”) for its High-Grade Superior Zinc and Copper Polymetallic Project (“Project”) located near
the town of Schreiber, east of Thunder Bay in Ontario.