MRV

Metallum Resources Inc. (TSX VENTURE:MRV) (the "Company" or "Metallum")
announces that it has received a conditional approval letter from the
TSX-Venture Exchange (the "Exchange") granting conditional approval in respect
to Metallum's proposed reverse takeover transaction (the "Transaction") with
Solfotara Mining Corp ("Solfotara").The Transaction was first announced on
February 28, 2009 and was subsequently approved by the shareholders of Metallum
on January 26, 2010. The trading of the Company's shares have been halted since
the proposed Transaction was first announced. 


The Company is now working to satisfy all conditions set out in the conditional
acceptance letter. The Company considers these conditions (including, but not
limited to, finalizing all escrow arrangements, sponsor's report and the
delivery of certain officers certificates) as 'normal course' and anticipates
closing the Transaction sometime in June, 2010. At that time, and subject to
final Exchange acceptance, trading would resume in the Company's shares.


Metallum also announces that it has recently sold the 5 million shares of
Trelawney Mining and Exploration Inc. (TSX VENTURE:TRR) which the Company
received in exchange for the sale of the Company's 92.5% undivided interest in
its Chester Township mineral property, Ontario. The Company's net proceeds from
the disposition of all 5 million shares was approximately $5.5 million. The
Company still retains a 1% (one percent) net smelter return royalty from
production to be granted to the Company at such time as the price of gold
exceeds USD $1,000 per troy ounce.


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 News Release and information
circular prepared in connection with its January 26, 2010 shareholder's meeting.
Solfotara currently has 51,588,749 common shares issued and outstanding.


About Metallum Resources Inc.

Metallum has an option to earn a 70 % interest in the M-18 gold property in
Argentina. It has 53,803,828 common shares outstanding.


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


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.

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