Metallic Minerals Corp. Announces Additions to Executive Management Team

VANCOUVER, Sept. 28, 2016 /CNW/ - Metallic Minerals Corp. (TSX-V: MMG; US OTC: MMNGF) (the "Company") is pleased to announce the appointment of Susan Craig as Executive Vice President, Scott Petsel as Vice President, Exploration, and Tim Thiessen as Chief Financial Officer.

Ms. Susan Craig is a highly-respected professional geoscientist, who has worked in the Yukon and BC for over 25 years, on projects from the exploration and development stage, to construction and production, and final mine closure.  Ms. Craig's experience includes work with publicly-listed mining companies, Territorial and Federal Governments, First Nations, and industry groups.  

Ms. Craig successfully led the Environmental Assessment process for NovaGold's Galore Creek project and played a key role in establishing the landmark Participation Agreement with the Tahltan Nation.  During her time with Viceroy Resources, Ms. Craig was part of the team that explored, permitted and developed the Brewery Creek heap leach gold mine near Dawson City, Yukon in the early 1990s.  In this role, she collaborated with the First Nation to implement one of the first Socio-economic Accords in all of Canada.  Ms. Craig served for six years as President/CEO and Director of Northern Freegold and is currently a Director of Yukon Energy Corporation, the Yukon Mineral Advisory Board, the Association of Mineral Exploration BC, and the Yukon Chamber of Mines.  Ms. Craig has received a number of awards recognizing her contributions toward environmental stewardship and sustainable development, and has been nominated for the Canadian Women in Mining Trailblazer award.

Mr. Scott Petsel, P.Geo., brings over 28 years of experience in mineral exploration, mine geology, project management and advancement from exploration to feasibility. He has spent more than 18 years working in Alaska and British Columbia at the Galore Creek project, Donlin Gold project, Alaska-Juneau mine, Kensington mine, and, most recently, at the Arctic and Bornite deposits in northern Alaska. In addition, he has extensive international exploration experience from his work with Placer Dome (now Barrick Gold) and Echo Bay (now Kinross Gold).  

Prior to joining Metallic Minerals, Mr. Petsel was Project Manager of NovaCopper's (now Trilogy Metals) Upper Kobuk Mineral Project, where he managed the exploration activities that resulted in the expansion of the resource base by over 5 billion pounds of copper. During his time with NovaGold and NovaCopper, he played an integral role as Exploration Manager and Senior Geologist during the discovery and definition of over 40 million ounces of gold, 150 million ounces of silver and 12 billion pounds of copper.  Mr. Petsel was part of the teams credited with these discoveries that were awarded the 2009 Thayer Lindsley Award for an International Mineral Discovery success and the AMEBC 2015 Colin Spence Award for Excellence in Global Mineral Exploration.

Mr. Tim Thiessen is a Chartered Accountant with almost 20 years of international accounting and finance experience, the last 13 years in the mining industry.  His experience includes holding the position of Chief Financial Officer at three publicly-listed minerals companies: Foran Mining, SnipGold (recently acquired by Seabridge Gold), and Aurcana Corporation.  Prior to this, Mr. Thiessen spent 7 years as Vice President of Finance for TSX-listed Endeavour Financial, an advisory firm in the mining industry specializing in mergers and acquisitions, debt and equity financing. He was part of a team that spawned industry-leading companies such as Silver Wheaton, UrAsia Energy, Peak Gold and Coastal Energy Corp. Mr. Thiessen is a member of the Chartered Professional Accountants of Canada and has also held positions as Controller with Endeavour Mining Capital Corp. and as an auditor for Deloitte LLP, with a focus in the mining and financial services industries.

Mr. Greg Johnson, CEO and Chairman of Metallic Minerals, stated, "I am excited to be able to bring together such an experienced, dynamic and successful management team to Metallic Minerals.  Each of these individuals shares in the vision of creating value for our shareholders through an entrepreneurial approach to exploration. The complementary experience of these accomplished individuals brings significant depth to our management group.  I look forward to working with the new management team as we build Metallic Minerals into a leading explorer in the region."

Mr. Greg Johnson further stated, "The Company would like to thank Mr. Andrew de Verteuil for his dedication and valuable contributions as interim CFO of the Company.  Mr. de Verteuil will continue to work with Metallic Minerals and Mr. Thiessen during this transition."

About Metallic Minerals Corp.

Metallic Minerals Corp. is a growth stage silver and gold exploration company focused on creating value through a disciplined entrepreneurial approach to exploration in mining districts with proven potential for top-tier "company-making" deposits that remain under-explored.  Our core Keno-Lightning property is located in the historic Keno Hill silver district of Canada's Yukon Territory, a region which has produced over 200 million ounces of silver and currently hosts one of the world's highest grade silver resources.  Metallic Minerals is led by a team with a track record of discovery and exploration success, including large scale development, permitting and project financing.

Forward-Looking Statements

Forward Looking Statements: This news release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts including, without limitation, statements regarding potential mineralization, historic production, estimation of mineral resources, the realization of mineral resource estimates, interpretation of prior exploration and potential exploration results, the timing and success of exploration activities generally, the timing and results of future resource estimates, permitting time lines, metal prices and currency exchange rates, availability of capital, government regulation of exploration operations, environmental risks, reclamation, title, and future plans and objectives of the company are forward-looking statements that involve various risks and uncertainties. Although Metallic Minerals believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Forward-looking statements are based on a number of material factors and assumptions. Factors that could cause actual results to differ materially from those in forward-looking statements include failure to obtain necessary approvals, unsuccessful exploration results, changes in project parameters as plans continue to be refined, results of future resource estimates, future metal prices, availability of capital and financing on acceptable terms, general economic, market or business conditions, risks associated with regulatory changes, defects in title, availability of personnel, materials and equipment on a timely basis, accidents or equipment breakdowns, uninsured risks, delays in receiving government approvals, unanticipated environmental impacts on operations and costs to remedy same, and other exploration or other risks detailed herein and from time to time in the filings made by the companies with securities regulators. Readers are cautioned that mineral resources that are not mineral reserves do not have demonstrated economic viability. Mineral exploration and development of mines is an inherently risky business. Accordingly the actual events may differ materially from those projected in the forward-looking statements. For more information on Metallic Minerals and the risks and challenges of their businesses, investors should review their annual filings that are available at www.sedar.com.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE Metallic Minerals Corp.

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For further information: Website: www.metallic-minerals.com, Email: [email protected], Phone: [phone], Toll Free: 1-888-570-4420