Metallum Resources Inc. Commences Aggressive Exploration Campaign on M-18 Gold/Silver Property, Argentina

Metallum Resources Inc. (TSX VENTURE:MRV) ("Metallum" or "Company") announces
that is has commenced an aggressive $CND 2.9 million exploration campaign
covering the mineral rights of its 6,300 hectare M-18 gold/silver property in
Chubut province, Argentina. The first phase of this campaign will be geophysics,
followed by detailed geological mapping and sampling, and ultimately a program
of diamond drilling planned for the fall of 2011.


A geophysical crew, under contract from Quantec Geoscience in Mendoza,
Argentina, has begun a program of gradient Induced Polarization ("IP"),
pole-dipole IP, and ground magnetics comprising 42 line kilometres ("km.") of
survey. The objective of the geophysical program is to assist in defining
additional strike length, width, and depth to the known gold/silver
mineralization exposed on surface. It is anticipated that the geophysical
program will extend for a period of approximately three weeks. This will be
followed by an extensive program of geological mapping, detailed channel
sampling, and approximately 8 km. of trenching with channel sampling. The
objective, of which, is to expose additional strike and width to the 1.2 km
strike and 0.5 km width of the known gold/silver mineralization, which is
covered by a thin veneer of gravels at its perimeter.


Metallum is earning a 70% interest in the M-18 property under an Option and
Joint Venture Agreement from Silver Standard Resources Inc. ("Silver Standard").
Previous geological mapping and rock outcrop sampling by Silver Standard
identified a gold/silver-bearing epithermal vein system with intense alteration
over a strike length of at least 1.2 km. with widths of 0.5 km. Gold assay
results from 98 rock samples from systematic mapping distributed over the strike
length from this program returned values ranging up to 4.63 grams/tonne ("g/t")
gold and 47.20 g/t silver. Greg Lipton, P.Geo. (APGO), Metallum's President and
CEO, who is also the Qualified Person for the M-18 project, confirmed both the
geology and the highly anomalous gold values obtained by Silver Standard. The
system remains open in all directions extending beneath the gravels.


Metallum's President and CEO, Greg Lipton, states that "Metallum is encouraged
by the potential of this entire 63 sq. km. property which has never been drill
tested or undergone any systematic property scale exploration such as detailed
geologic mapping, geophysics, or geochemistry. In addition to the planned M-18
exploration program of geophysics, detailed geological sampling, and diamond
drilling described above, exploration will ultimately expand into the
surrounding terrain where extensive argillic alteration has been identified".


About Metallum Resources Inc.

Metallum Resources Inc. has 53,803,828 common shares outstanding and in excess
of $5 million in cash, with no debt, as of today's date.


Forward-looking Statements:

This new release contains forward-looking statements including, but not limited
to, comments regarding the timing and content of up-coming work programs,
geological, geophysical, and geochemical interpretations, etc. Forward-looking
statements address future events and conditions and therefore involve inherent
risks and uncertainties. Actual results may differ materially from those
anticipated in such statements.


Further details may be obtained from our website www.metallumresourcesinc.com.