Metallic Minerals Announces Bought Deal LIFE Private Placement for Gross Proceeds of C$8.0 Million

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES VANCOUVER, BC / ACCESS Newswire / June 1, 2026 / Metallic Minerals Corp. (TSXV:MMG)(OTCQB:MMNGF)(FSE:9MM1) ("Metallic" or the "Company") is pleased to announce that it has entered into an engagement letter with Red Cloud Securities Inc. ("Red Cloud"), as lead underwriter and sole bookrunner on behalf of a syndicate of underwriters (collectively, the "Underwriters"), pursuant to which the Underwriters have agreed to purchase for resale, with the right to arrange for substitute purchasers to purchase, the following on a "bought deal" basis in a private placement for aggregate gross proceeds of C$8,000,230 (the "Underwritten Offering"): 14,286,000 units of the Company (each, a "Unit") at a price of C$0.28 per Unit (the "Unit Price") for gross proceeds of C$4,000,080 from the sale of Units; and 10,390,000 flow-through units of the Company (each, a "Charity FT Unit", and collectively with the Units, the "Offered Securities") at a price of C$0.385 per Charity FT Unit (the "Charity FT Unit Price") for gross proceeds of C$4,000,150 from the sale of Charity FT Units. Each Unit will consist of (i) one common share of the Company (a "Unit Share") and (ii) one-half of one common share purchase warrant of the Company (each whole warrant, a "Unit Warrant").