Metallum Resources Inc. Commences Aggressive Exploration Campaign on M-18 Gold/Silver Property, Argentina

TORONTO, ONTARIO--(Marketwire - Aug. 11, 2011) - Metallum Resources Inc. (TSX VENTURE:MRV) ("Metallum" or "Company") announces that is has commenced an aggressive $CND 2.9 million exploration campaign covering the mineral rights of its 6,300 hectare M-18 gold/silver property in Chubut province, Argentina. The first phase of this campaign will be geophysics, followed by detailed geological mapping and sampling, and ultimately a program of diamond drilling planned for the fall of 2011.

A geophysical crew, under contract from Quantec Geoscience in Mendoza, Argentina, has begun a program of gradient Induced Polarization ("IP"), pole-dipole IP, and ground magnetics comprising 42 line kilometres ("km.") of survey. The objective of the geophysical program is to assist in defining additional strike length, width, and depth to the known gold/silver mineralization exposed on surface. It is anticipated that the geophysical program will extend for a period of approximately three weeks. This will be followed by an extensive program of geological mapping, detailed channel sampling, and approximately 8 km. of trenching with channel sampling. The objective, of which, is to expose additional strike and width to the 1.2 km strike and 0.5 km width of the known gold/silver mineralization, which is covered by a thin veneer of gravels at its perimeter.

Metallum is earning a 70% interest in the M-18 property under an Option and Joint Venture Agreement from Silver Standard Resources Inc. ("Silver Standard"). Previous geological mapping and rock outcrop sampling by Silver Standard identified a gold/silver-bearing epithermal vein system with intense alteration over a strike length of at least 1.2 km. with widths of 0.5 km. Gold assay results from 98 rock samples from systematic mapping distributed over the strike length from this program returned values ranging up to 4.63 grams/tonne ("g/t") gold and 47.20 g/t silver. Greg Lipton, P.Geo. (APGO), Metallum's President and CEO, who is also the Qualified Person for the M-18 project, confirmed both the geology and the highly anomalous gold values obtained by Silver Standard. The system remains open in all directions extending beneath the gravels.

Metallum's President and CEO, Greg Lipton, states that "Metallum is encouraged by the potential of this entire 63 sq. km. property which has never been drill tested or undergone any systematic property scale exploration such as detailed geologic mapping, geophysics, or geochemistry. In addition to the planned M-18 exploration program of geophysics, detailed geological sampling, and diamond drilling described above, exploration will ultimately expand into the surrounding terrain where extensive argillic alteration has been identified".

About Metallum Resources Inc.

Metallum Resources Inc. has 53,803,828 common shares outstanding and in excess of $5 million in cash, with no debt, as of today's date.

Forward-looking Statements:

This new release contains forward-looking statements including, but not limited to, comments regarding the timing and content of up-coming work programs, geological, geophysical, and geochemical interpretations, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those anticipated in such statements.

Further details may be obtained from our website www.metallumresourcesinc.com.

The TSX Venture Exchange Inc. has neither approved nor disapproved the contents of this news release. Neither the TSX Venture Exchange Inc. 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.
Contact Information



Metallum Resources Inc.
Greg Lipton
President
(416) 861-8351
(416) 867-2298 (FAX)
greg.lipton@metallumresourcesinc.com

Metallum Resources Inc.
Andreas Curkovic
Investor Relations
(416) 577-9927

For more information on Mining in Argentina, active companies, projects and operating mines, statistics and much more, please visit our website: http://www.argentinamining.com/

Metallum Resources Inc. Signs Definitive Agreement to Sell its Interest in Chester Township Property to Trelawney Mining and Exploration Inc.

TORONTO, ONTARIO--(Marketwire - Aug. 21, 2009) - Metallum Resources Inc. (TSX VENTURE:MRV) (the "Company" or "Metallum") announces that it has signed a definitive agreement (the "Agreement") to sell its 92.5% undivided legal and beneficial interest in its Chester Township, Ontario mineral property (the "Chester Property") to Trelawney Mining and Exploration Inc. ("Trelawney") (TSX VENTURE:TRR).

The Chester Property claims comprise 11 patented and 18 unpatented mining claim units in Chester Township, located west of Highway 144 approximately midway between Sudbury and Timmins, Ontario.

Consideration for the purchase of the Company's holding in the Chester Property by Trelawney shall consist of (i) the issuance to the Company by Trelawney of five million (5,000,000) common shares in the capital of Trelawney on the closing date, representing approximately 19.8% of Trelawney's current issued shares, exclusive of Trelawney's announced private placement offering (see Trelawney's news release of July 29, 2009); and (ii) a 1% (one percent) net smelter return (NSR) royalty from production to be granted to the Company at such time as the price of gold exceeds USD $1,000 per troy ounce.

The transaction contemplated by the Agreement is subject to receipt of all approvals required by Metallum, including that of the TSXV. The parties have targeted a closing date of August 31, 2009.

Trelawney's intentions are to mine the adjacent former Chesbar gold property (recently acquired as an Option from Treelawn Investment Corp. - see Trelawney's news releases of June 26 and August 18, 2009) in conjunction with Metallum's Chester Property. Metallum's shareholders will benefit from this through the equity interest Metallum will have in Trelawney as well as its retained NSR royalty from production on the Chester Property.

Metallum is now focusing its attention on the five mineral properties in the Philippines to be acquired as a result of its proposed business combination with Solfotara Mining Corporation (see Metallum's news releases of February 28, 2009).

Metallum Resources Inc. is a precious metals exploration company which holds a group of patented and unpatented claims within Chester Township located west of Highway 144 midway between Sudbury and Timmins, Ontario. It also has an option to earn a 70 % interest in the M-18 gold property in Argentina. Metallum Resources Inc. has 53,803,828 common shares outstanding and is listed on the TSX Venture Exchange under the symbol MRV.

Greg Lipton, P. Geo. is the qualified person for the Company as required under National Instrument 43-101. He is a member of the Association of Professional Geoscientists of Ontario (APGO).

Further details may be obtained from our website: www.metallumresourcesinc.com

This press release contains certain forward-looking statements. While these forward-looking statements represent our best current judgment, they are subject to a variety of risks and uncertainties that are beyond the company's ability to control or predict and which could cause actual events or results to differ materially from those anticipated in such forward-looking statements. Accordingly, readers should not place undue reliance on forward-looking statements.


No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

For more information, please contact

Metallum Resources Inc.
Greg Lipton
President
(416) 861-8351
(416) 867-2298 (FAX)
greg.lipton@metallumresourcesinc.com

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For more information on Mining in Argentina, active companies, projects and operating mines, statistics and much more, please visit our website: http://www.argentinamining.com/

Metallum Resources Inc. Provides Further Update in Respect to Its Proposed Business Combination With Solfotara Mining Corporation

TORONTO, ONTARIO -- (Marketwire) -- 07/02/09 -- Metallum Resources Inc. (TSX VENTURE: MRV) (the "Company" or "Metallum") provides this updated news release, as required by the rules of the TSX Venture Exchange, in respect to the proposed reverse takeover ("RTO") with Solfotara Mining Corporation ("Solfotara"), first announced on February 28, 2009, supplemented by a detailed news release dated March 18, 2009 (the "Proposed Transaction"), a first update news release dated April 30, 2009, and a second update news release dated June 1, 2009. The parties to the Proposed Transaction act at arm's length. As is normal policies of the Exchange, trading in Metallum's shares has been halted since the Proposed Transaction was first announced.

Update

Solfotara is continuing to work to finalize the preparation of its consolidated audited financial statements for its year ended March 31, 2009 and first quarter ended June 30, 2009. Solfotara intends to complete a private placement financing of its securities in the next 30 days to raise approximately $5,000,000 in order to bolster its working capital and for acquisition purposes. Presently, Solfotara intends to issue a unit (each a "Unit") at $0.35, with each Unit consisting of one common share and one-half common share purchase warrant with each full warrant exercisable for 24 months at $0.50. Both Solfotara and Metallum continue to work on preparing a joint information circular in respect to the Proposed Transaction, although no time frame for mailing of the Joint Circular has been set as of the date hereof.

About Solfotara Mining Corp.

Solfotara is a privately owned British Columbia company that has, through a number of foreign subsidiary companies, an interest in five exploration properties, being Basay, Biliran, Tawi-Tawi, Kilong-Olao and St. Anthony, all as described in more in Metallum's February 28, 2009 Press Release. Solfotara currently has 31,901,651 common shares issued and outstanding.

About Metallum Resources Inc.

Metallum Resources Inc. is a precious metals exploration company which holds a group of 11 patented and 18 unpatented claims within Chester Township, known as its Chester Gold Property, located west of Highway 144 midway between Sudbury and Timmins, Ontario. It also has an option to earn a 70% interest in the M-18 gold property in Argentina. Metallum has 53,803,828 common shares issued and outstanding.

Completion of the Proposed Transaction is subject to a number of conditions, including but not limited to, Exchange acceptance and disinterested Shareholder approval. The Proposed Transaction cannot close until the required shareholder approval is obtained. There can be no assurance that the Proposed Transaction will be completed as proposed or at all.

Investors are cautioned that, except as disclosed in the management information circular prepared in connection with the Proposed Transaction, any information released or received with respect to the Proposed Transaction may not be accurate or complete and should not be relied upon.

Further details may be obtained from our website: www.metallumresourcesinc.com.

The TSX Venture Exchange Inc. has in no way passed upon the merits of the proposed Proposed Transaction and has neither approved nor disapproved the contents of this news release.

Neither the TSX Venture Exchange Inc. 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.

Contacts:
Metallum Resources Inc.
Greg Lipton
President and CEO
(416) 861-8351
(416) 867-2298 (FAX)
greg.lipton@metallumresourcesinc.com