Corporate Profile for Metallica Resources Inc., dated Feb. 12, 1999

Business Wire, Feb 12, 1999

--(BUSINESS WIRE)--The following Corporate Profile is available for inclusion in your files. News releases for this client are distributed by Business Wire and also become part of the leading databases and online services, including all of the leading Internet-based services. -0-

Published Date:   Feb. 12, 1999

Company Name:     Metallica Resources Inc.

Address:          3979 E. Arapahoe Rd., Ste. 100
                  Littleton, CO 80122 USA

Main Telephone
 Number:          303-796-0229

Internet Home
 Page Address
  (URL):          www.metal-res.com

Chief Executive
 Officer:         Craig J. Nelsen

Chief Financial
 Officer:         Brad Blacketor

Investor Relations
 Contact:         Louis A. Lepry, Jr.
 Business number: 303-796-0229, Ext. 303

 Home number:     303-850-9794

Public Relations
 Contact:         Louis A. Lepry, Jr.
 Business number: 303-796-0229, Ext. 303
 Home number:     303-850-9794

Trading Symbol/
 Exchange:        The Toronto Stock Exchange:  MR
                  The Nasdaq Small Cap:  METLF

Industry:         Mineral Exploration & Development

Market Makers:    Southwest Securities Inc., National Securities Cp,
Knight Securities LP, Mayer & Schweitzer Inc., Troster Singer Corp.,
Wien Securities Corp, NAIB Trading Corporation.

Company description: Metallica Resources is a Canadian precious metals exploration and development company headquartered in Denver. The geographic focus of the company is Latin America, specifically Mexico, Chile and Brazil.

Metallica's flagship asset is its 50% joint venture interest in the Cerro San Pedro gold-silver project in San Luis Potosi, Mexico. Cambior Inc can earn a 50% interest in Cerro San Pedro by spending the next US$20 million on the project which is currently in the pre-construction phase. Cambior is a large, Quebec-based mining company with operations across the Americas.

Production is scheduled for the first half of 2000 at an anticipated annual rate of 110,000 ounces of gold and 2,500,000 ounces of silver. Cash production costs at Cerro San Pedro are projected to be the lowest quartile on a global basis. Revenues from this exciting new project will market the first in Metallica's then five-year corporate history.

The company is exploring its 100%-owned, 25,000-hectare Mara Rosa gold property in central Brazil as well as early-stage gold and gold-copper prospects in central Chile.

Metallica Resources' shares are listed on the Toronto Stock Exchange (MR) and on NASDAQ (METLF) and have traded in the US$.50- $2.00 range over the past year.