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DIATREME RESOURCES LIMITED M&A Activity 2024

May 20, 2024

64787_rns_2024-05-20_bb797858-e894-49cb-a48e-a6c9d688dcd6.pdf

M&A Activity

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21 May 2024

METALLICA RECOMMENDS TAKE NO ACTION FOLLOWING DRX FULFILMENT OF MINIMUM ACCEPTANCE CONDITION

TAKE NO ACTION

Metallica Minerals Limited (Metallica or the Company) (ASX: MLM) notes that Diatreme Resources Limited (DRX) recently announced that the minimum acceptance condition of DRX’s off-market takeover bid for all the ordinary shares in Metallica has been fulfilled.

The board of Metallica plans to release a supplementary target's statement.

The board recommends that shareholders TAKE NO ACTION . Metallica's supplementary target's statement will set out important information for Metallica shareholders regarding the Offer.

Authorised for ASX release on behalf of the Board of Metallica.

For further information, please contact:

Mr Theo Psaros Executive Chairman +61 (7) 3249 3000

Mr Scott Waddell CFO & Company Secretary +61 (7) 3249 3000