February 17, 2017

MetalCorp Grants Stock Options

THUNDER BAY, ONTARIO, CANADA (February 17, 2017) - MetalCorp Limited (“MetalCorp”) (TSXV – MTC) is pleased to announce that it has granted an aggregate of 8,000,000 stock options to the officers, directors and agents of Metalcorp as set out below pursuant to Metalcorp’s stock option plan. The options granted have a 5-year term expiring February 16, 2022 and are fully vested and exercisable at a price of $0.05 each.

 Peter Blunt  250,000
 Chris Dougherty  2,000,000
 Mitch Dumoulin  250,000
 Gilles Filion  750,000
 Pierre Gagné  2,000,000
 Naomi Nemeth  750,000
 Donald Sheldon  2,000,000
   8,000,000

 MetalCorp is a mineral exploration company based in Thunder Bay, Ontario, with gold and base metal projects in the Canadian Shield of Northern Ontario, Canada, one of the most prolific mineral districts in the world. To find out more about MetalCorp visit its website at www.metalcorp.ca.

For further information, please contact: Donald A. Sheldon, Chief Executive Officer. Phone: (416) 777-4017, or via email: info(at)metalcorp(dot)ca

Except for statements of historical fact contained herein, information in this press release may constitute "forward-looking information" within the meaning of Canadian securities laws. Other than statements of historical fact, all statements that involve various known and unknown risks, uncertainties and other factors are "forward-looking statements". There can be no assurance that such statements will prove accurate. Results and future events could differ materially from those anticipated in such statements. Readers of this news release are cautioned not to place undue reliance on these "forward-looking statements". Except as otherwise required by applicable securities statutes or regulation, MetalCorp expressly disclaims any intention or obligation to update publicly any forward-looking information, whether as a result of new information, future events or otherwise.

Neither 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, accuracy or contents of this news release.