Metallic Minerals Corp. announced that it has negotiated agreements to acquire a 100% interest in three new properties covering 13.3 square kilometres in the Keno Hill silver district of Canada's Yukon Territory. In addition, Metallic Minerals has staked another 30.2 square kilometres of prospective ground in the district. These properties are adjacent to, or contiguous with, Metallic Minerals' Keno-Lightning property and Alexco Resource Corp.'s Keno Hill properties and represent potential near term targets for exploration activities expected in 2017. The Keno Hill silver district hosts 40 different historic silver producing deposits, with the seven mines individually producing from 10 million ounces up to 100 million ounces of silver. Metallic Minerals' Keno Hill holdings now cover 112.5 square kilometres and host six historic producing mines, including the Duncan, Caribou Hill and Silver Basin mines with some of the recovered grades in the district at over 5,000 g/t silver. Metallic Minerals will purchase a 100% interest in the Silver Queen properties for cash payments totaling $75,000 and issuance of 100,000 common shares of Metallic Minerals following regulatory approval. The property is subject to a 2% net smelter returns royalty (NSR) on production with a buy back provision of $150,000 in cash for each 1% portion of the NSR. Metallic Minerals will purchase 100% of Strategic Metals Ltd. interests in the Keno Summit & Gram Properties by issuing two tranches of units in Metallic Minerals to Strategic Metals. The first tranche will consist of 50,000 units of Metallic Minerals following regulatory approval, with such units consisting of one common share and one non-transferable common share purchase warrant.