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Metalite announces changes in its management and management

MetaLite Inc. Resources

Toronto, ON, May 10, 2024 – Newswire – Metalite Resources Inc. (CSE:METL) (OTC:JNCCF) (Frankfurt:5VHA) (“Metalite” or “Business‘) is pleased to announce the appointment of Chris Hazelton as Chief Executive Officer and Director of the company, with immediate effect.

Mr. Hazelton is an experienced financial professional with over 20 years of operational and advisory experience in a variety of roles and industries. Mr. Hazelton continually offers his expertise to publicly traded and privately held companies throughout Canada and the United States. Previously, Mr. Hazelton held a number of senior financial positions, including CEO and Director of Universal PropTech Inc., Vice President of Cavalry Corporate Solutions Ltd., CEO and Director of Canada Pacific Capital Corp. , CFO of Lineage Grow Co. Ltd. (now StateHouse Holdings Inc.) and CFO and director at Sagittarius Capital Corp. (now Water Ways Technologies Inc.). Additionally, Mr. Hazelton served on the board of directors of Psyched Wellness Ltd. Mr. Hazelton is a Chartered Professional Accountant and holds a bachelor’s degree from McMaster University.

Mr Hazelton’s appointments follow the resignation of David Melling as CEO and director of the company following his decision to retire.

The Company would like to thank David Melling for his commitment and contribution to the Company during his tenure and wishes him all the best in his retirement.

The Canadian Securities Exchange has made no determination as to the merits of the proposed transactions and has not approved or disapproved of the contents of this press release.

About Metalite Resources Inc.

Metalite Resources Inc. is a Canadian junior mineral exploration issuer with a precious metals focus in New South Wales, Australia.

About Cachee Gold Mines Corp.

Cachee Gold Mines Corp. is a privately held mineral exploration company based in Toronto, Canada. Cachee currently has two projects that are 100% owned by Cachee: 1) Launay Gold Project – comprising a large portfolio of claims in the heart of Abitibi, a world-class mining district; and 2) Titan Project – covering approximately 5,445 contiguous hectares, comprising 17 patented claims and 84 unpatented claims in the Nipissing District of Ontario, with an estimated resource of 46 million tonnes grading 48.32% Fe2ABOUT30.24% V and 14.88% TiO2. Cachee’s leadership team consists of experienced individuals with backgrounds in mining, technology, life sciences and finance.

For further information please contact:

[email protected]

To learn more, visit https://www.metaliresources.com/.

Forward-looking statements

This press release contains certain “forward-looking statements.” All statements, other than statements of historical fact, that address actions, events or developments that Metalite expects or anticipates will or may occur in the future are forward-looking statements. Forward-looking statements are often, but not always, identified by words such as “seek”, “anticipate”, “believe”, “plan”, “estimate”, “expect” and “intend” and statements that an event or result “may”, “will”, “might”, “should”, “could” or “could” occur or be achieved, and other similar expressions. Forward-looking statements reflect Metalite’s current expectations or beliefs based on information currently available to Metalite. Forward-looking statements are subject to a number of risks and uncertainties that could cause Metalite’s actual results to differ materially from those discussed in the forward-looking statements. forward-looking statements, and even if such actual results are realized or substantially realized, there can be no assurance that they will have the expected consequences or effects on Metalite. Forward-looking statements contained in this press release include statements regarding the proposed transactions with Cachee and between Osprey and Ferromin and the timing thereof. Factors that could cause actual results or events to differ materially from current expectations include, among others, the failure to obtain all necessary consents to carry out the transactions discussed in this document. Any forward-looking statements speak only as of the date they are made and, except as required by applicable securities laws, Metalite disclaims any intention or obligation to update any forward-looking statements, whether as a result of new information. , or future events, results or other circumstances. Although Metalite believes that the assumptions contained in forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance and therefore undue reliance should not be placed on them due to the uncertainties inherent in them. Neither the Canadian Securities Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.