le 10&nbsp;avril/April 2023

	Metallica Metals Corp. has announced a consolidation of its issued and outstanding common shares on the basis of one (1) post-consolidated common share for every five&nbsp;(5) pre-consolidated common shares.

	As a result, the outstanding shares of the company will be reduced to approximately 24,644,696&nbsp;common shares.

	The name and symbol will not change.

	Please note that all open orders will be canceled at the close of business on April 12, 2023. Dealers are reminded to re-enter their orders taking into account the share consolidation.

	_______________________

	Metallica Metals Corp.&nbsp;a annoncé une consolidation de ses actions ordinaires émises et en circulation sur la base d'une (1) action ordinaire post-consolidée pour cinq&nbsp;(5) actions ordinaires pré-consolidées.

	En conséquence, les actions en circulation de la société seront réduites à environ 24&nbsp;644&nbsp;696&nbsp;actions ordinaires.

	Le nom et le symbole ne changeront pas.

	Veuillez noter que tous les ordres ouverts seront annulés à la fermeture des bureaux le 12&nbsp;avril&nbsp;2023. Il est rappelé aux concessionnaires de saisir à nouveau leurs ordres en tenant compte du regroupement d'actions.
<table border="1" cellpadding="1" cellspacing="1" >
<tbody>
<tr>
<td >
				Trading&nbsp;on&nbsp;a Consolidated Basis/Négociation&nbsp;sur une Base&nbsp;Consolidée&nbsp;:</td>
<td>
				le 13&nbsp;avril/April&nbsp;2023</td>
</tr>
<tr>
<td>
				Record Date/Date&nbsp;d’Enregistrement&nbsp;:</td>
<td>
				le 14&nbsp;avril/April&nbsp;2023</td>
</tr>
<tr>
<td>
				Anticipated Payment Date/Date&nbsp;de&nbsp;Paiement&nbsp;Prévue&nbsp;:</td>
<td>
				le 13&nbsp;avril/April&nbsp;2023</td>
</tr>
<tr>
<td>
				Symbol/Symbole&nbsp;:</td>
<td>
				MM</td>
</tr>
<tr>
<td>
				NEW/NOUVEAU&nbsp;CUSIP&nbsp;:</td>
<td>
				591255 20 3</td>
</tr>
<tr>
<td>
				NEW/NOUVEAU&nbsp;ISIN&nbsp;:</td>
<td>
				CA 591255 20 3 4</td>
</tr>
<tr>
<td>
				Old/Vieux&nbsp;CUSIP&nbsp;&amp;&nbsp;ISIN&nbsp;:</td>
<td>
				591255104/CA5912551044</td>
</tr>
</tbody>
</table>

	If you have any questions or require further information please contact Listings at&nbsp;(416) 367-7340&nbsp;or E-mail:&nbsp;<a href="mailto:Listings@thecse.com" >Listings@thecse.com</a>

	Pour toute question ou information complémentaire, veuillez contacter Listings au 416 367-7340 ou par courriel à:&nbsp;<a href="mailto:Listings@thecse.com" >Listings@thecse.com</a>

Quebec Rare Earth Elements Corp.

2023-0406 – Consolidation - Metallica Metals Corp. (MM)

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