Metallum Resources Announces Board and Management Changes

Metallum Resources Inc. (TSX VENTURE:MRV) ("Metallum" or "Company") announces
that Greg Lipton, its President and Chief Executive Officer ("CEO"), and also a
Director, will be stepping down from these positions effective July 31, 2013.
Mr. Lipton will be replaced by Robert Suttie, the Company's current Chief
Financial Officer, as Interim CEO until a suitable replacement has been found. 


The Board wishes to express its sincere appreciation for Mr. Lipton's efforts
and accomplishments on behalf of the Company after almost 9 years as its
President and CEO. We wish Greg the best with his future endeavours.


About Metallum Resources Inc. 

Metallum has an option to earn a 70% interest in the M-18 gold property in
Argentina. It has 70,945,009 common shares outstanding and approximately
$7,500,000 in cash, with no debt.


Further details may be obtained from the Company's website:
www.metallumresourcesinc.com. 


Neither TSX Venture Exchange nor its Regulations 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.


Forward Looking Information Caution:

This press release presents "forward-looking statements" within the meaning of
Canadian securities legislation that involve inherent risks and uncertainties.
Forward-looking statements include, but are not limited to, statements with
respect to the future price of gold and other minerals and metals, the
estimation of mineral reserves and resources, the realization of mineral reserve
estimates, the capital expenditures, costs and timing of the resources, the
realization of mineral reserve estimates, the capital expenditures, costs and
timing of the development of new deposits, success of exploration activities,
permitting time lines, currency exchange rate fluctuations, requirements for
additional capital, government regulation of mining operations, environmental
risks, unanticipated reclamation expenses, title disputes or claims and
limitations on insurance coverage. Generally, these forward-looking statements
can be identified by the use of forward looking terminology such as "plans",
"expects" or "does not expect", "is expected", "budget", "scheduled",
"estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or
"believes", or variations of such words and phrases or state that certain
actions, events or results "may", "could", "would", "might" or "will be taken",
"occur" or "be achieved". Forward-looking statements are subject to known and
unknown risks, uncertainties and other factors that may cause the actual
results, level of activity, performance or achievements of Metallum to be
materially different from those expressed or implied by such forward looking
statements, including but not limited to: risks related to international
operations, risks related to the integration of acquisitions; risks related to
joint venture operations; actual results of current exploration activities;
actual results of current or future reclamation activities; conclusions of
economic evaluations; changes in project parameters as plans continue to be
refined; future prices of gold and other minerals and metals; possible
variations in ore reserves, grade or recovery rates; failure of equipment or
processes to operate as anticipated; accidents, labour disputes and other risks
of the mining industry; and delays in obtaining governmental approvals or
financing or in the completion of development or construction activities. 

Although the management and officers of Metallum believe that the expectations
reflected in such forward-looking statements are based upon reasonable
assumptions and have attempted to identify important factors that could cause
actual results to differ materially from those contained in forward-looking
statements, there may be other factors that cause results not to be as
anticipated, estimated or intended. There can be no assurance that such
statements will prove to be accurate, as actual results and future events could
differ materially from those anticipated in such statements. Accordingly,
readers should not place undue reliance on forward-looking statements. Metallum
Resources does not undertake to update any forward-looking statements that are
incorporated by reference herein, except in accordance with applicable
securities laws.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Metallum Resources Inc.
Robert Suttie
Interim CEO
(416) 848-6865
rsuttie@mdcorp.ca
www.metallumresourcesinc.com
Metallum Resources Inc. (TSXV:MRV)
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