Metallum Resources Inc. Commences Trenching and Channel Sampling on its M-18 Gold and Silver Property

Metallum Resources Inc. (TSX VENTURE:MRV) ("Metallum" or "Company") is pleased
to announce that following its recently completed geophysical program (see press
release September 26, 2011) it has now commenced the geological campaign on its
M-18 gold and silver property, comprising an extensive program of geological
mapping, detailed outcrop channel sampling, and approximately 8 kilometres
("km.") of trenching with channel sampling.


Metallum anticipates that the channel sampling programs from both the outcrop
areas and trenches will be completed by early December, 2011. The first batch of
analytical results from the sampling are expected to be returned from the
laboratory by mid-November, 2011. 


A recent visit by Greg Lipton, P.Geo., the Company's President, CEO, and
Qualified Person, to the M-18 property at the commencement of the trenching and
channel sampling program is illustrated in a photo gallery at:


http://metallumresourcesinc.com/Projects/Argentina/Photos/index2.asp 

The objective of the trenching with channel sampling program 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 and remains open in all directions. Trenches are being dug at 50 metre
("m") spacings perpendicular to the northwest-southeast strike of the
mineralized zone, on both the northeast and southwest flanks of the mineralized
zone, and extending approximately 100 m beyond the exposed mineralization along
strike of the mineralized zone. The length of each planned trench averages
approximately 150 m extending from outcrop, however, the ultimate length will be
dictated by any potential topographical and/or depth to bedrock impediments that
may occur. Channel sampling of bedrock within the trenches will be at continuous
2 m intervals, with 1 m samples taken in areas of visually interesting geology.


The objective of the outcrop channel sampling program is to complete a
systematic evaluation of gold, silver, and possible base metal mineralization
occurring along the 1.2 km. strike and 0.5 km. width of the exposed gold/silver
mineralization occurring within the low sulphidation epithermal vein system zone
identified by Silver Standard Resources Inc. ("Silver Standard") during a
previous outcrop sampling program. Here, gold and silver values obtained by
Silver Standard, with subsequent follow-up by Metallum, ranged up to 4.6 grams
per tonne gold and 185.0 grams per tonne silver. Rock channels will be cut
utilizing a pneumatic hammer at 25 m intervals perpendicular to the strike of
epithermal veins with continuous 1 m intervals within the veins and at least 2 m
into the wall rock hosting the veins. In zones of stockwork veining, sampling
will be at continuous 1 m intervals for a minimum of 50 m across the zone. 


Also, the geological campaign will evaluate the large untested zone of argillic
alteration (mentioned in the September 26, 2011 press release) occurring within
a few hundred metres of the known gold/silver mineralization in context with its
associated strong IP chargeability/low resistivity response identified from the
geophysical survey. Work here will entail detailed mapping and outcrop sampling.


The exploration program at the M-18 property is designed and coordinated by
Metallum. Professional technical personnel, logistics, and daily project
management is provided by Rojas & Asociados Mining Consultants of Mendoza,
Argentina.


Results compiled from this geological campaign as well as the recently completed
geophysical program will identify primary targets for a Phase 1 drilling
campaign planned for Q-4, 2011/Q-1, 2012.


About Metallum Resources Inc.

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. 


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.


Greg Lipton, P.Geo., the Company's President, CEO, and Qualified Person has
reviewed and approved the contents of this press release.


Forward-looking Statements:

This news 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.