CAMEO INDUSTRIES CORP ANNOUNCES NAME AND STOCK TICKER SYMBOL CHANGE AND GRANTING OF OPTIONS

December 15, 2020

CSE: MM

Vancouver, British Columbia – December 15, 2020 – Cameo Industries Corp. (CSE: CRU) (OTC: CRUUF) (FWB: SY7N) (the “Company” or “Cameo”) is pleased to announce that it will be completing a corporate name change to “Metallica Metals Corp.” and will begin trading under a new stock ticker symbol “MM” at the start of trading on December 17, 2020 on the Canadian Securities Exchange. The Company’s ISIN and CUSIP numbers will change to CA5912551044 and 591255104, respectively.

The Company believes that this corporate name change and stock symbol change reflects its ongoing efforts at acquiring and exploring precious metals properties adjacent to or in close proximity to advanced exploration and mining projects. This includes the Company’s recent acquisition of the Starr Gold Property, and Richview Pine and Sammy Ridgeline platinum-group metals (PGM) properties in the Thunder Bay Mining District of Ontario.

No action is required to be taken by shareholders with respect to the name change. Outstanding share and warrant certificates are not affected by the name and ticker symbol change and do not need to be exchanged.

Grant of Stock Options

The Company also announces that, subject to Canadian Securities Exchange approval and in accordance with the Company’s stock option plan, it has granted a total of 900,000 options to certain directors and officers of the Company. Each option is exercisable to purchase one common share of the Company at $0.15 per share for a period of 5 years from the date of issuance.

Corporate Updates

The Company has also opened an office in Toronto, Ontario to better reflect the Company’s focus on top tier exploration projects, and is currently working on an updated corporate website and corporate presentation summarizing its recent property acquisitions and refocus to precious metals exploration projects.

Qualified Person Statement

All scientific and technical information contained in this news release was prepared and approved by Paul Ténière, M.Sc., P.Geo., CEO and Director of Cameo Industries Corp, who is a Qualified Person as defined in NI 43-101.

On behalf of the Board of Directors

CAMEO INDUSTRIES CORP.

Paul Teniere, M.Sc., P.Geo.
CEO and Director
Suite 810 – 789 West Pender Street
Vancouver, BC V6C 1H2

Ph: (604) 687-2038
teniereconsulting@gmail.com

For more information about Metallica Metals, please visit the Company’s SEDAR profile at https://www.sedar.com/DisplayProfile.do?lang=EN&issuerType=03&issuerNo=00005547

Forward-looking Information Statement

This news release contains certain “forward-looking information” within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate” and other similar words, or statements that certain events or conditions “may” or “will” occur. In particular, forward-looking information in this press release includes, but is not limited to, statements with respect to the Company’s proposed acquisition, exploration program and the expectations for the mining industry. Although we believe that the expectations reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct. We cannot guarantee future results, performance or achievements. Consequently, there is no representation that the actual results achieved will be the same, in whole or in part, as those set out in the forward-looking information.

Forward-looking information is based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking information. Some of the risks and other factors that could cause the results to differ materially from those expressed in the forward-looking information include, but are not limited to: general economic conditions in Canada and globally; industry conditions, including governmental regulation and environmental regulation; failure to obtain industry partner and other third party consents and approvals, if and when required; the availability of capital on acceptable terms; the need to obtain required approvals from regulatory authorities; stock market volatility; liabilities inherent in water disposal facility operations; competition for, among other things, skilled personnel and supplies; incorrect assessments of the value of acquisitions; geological, technical, processing and transportation problems; changes in tax laws and incentive programs; failure to realize the anticipated benefits of acquisitions and dispositions; and the other factors. Readers are cautioned that this list of risk factors should not be construed as exhaustive.

The forward-looking information contained in this news release is expressly qualified by this cautionary statement. We undertake no duty to update any of the forward-looking information to conform such information to actual results or to changes in our expectations except as otherwise required by applicable securities legislation. Readers are cautioned not to place undue reliance on forward-looking information.

Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.