Metallica Resources Now Quoted On Nasdaq's OTC Bulletin Board

Business Wire, March 18, 1999

DENVER--(BUSINESS WIRE)--March 18, 1999--Metallica Resources Inc. (TSE: MR)(NASDAQ OTC BB: METLF) began trading today on the Nasdaq OTC Bulletin Board System under the symbol "METLF."

Previously Metallica had been listed on the Nasdaq SmallCap Market. For the past six months Metallica's share price has not maintained a minimum bid price of US$1.00 in accordance with a recently implemented Nasdaq rule. Metallica is in compliance with all the other applicable Nasdaq listing criteria and remains a reporting company under U.S. Securities and Exchange Commission rules.

Metallica Resources continues to trade on the Toronto Stock Exchange (symbol: MR).

Metallica Resources is a Canadian precious metals exploration and development company focused on Latin America. Metallica is well-funded and has 24.5 million shares outstanding. Visit Metallica's web site at www.metal-res.com and send e-mail to metallica@metal-res.com.

THIS NEWS RELEASE HAS BEEN PREPARED BY MANAGEMENT OF METALLICA RESOURCES INC. WHO TAKES FULL RESPONSIBILITY FOR ITS CONTENTS. NO STOCK EXCHANGE, SECURITIES COMMISSION OR OTHER REGULATORY AUTHORITY HAS APPROVED OR DISAPPROVED THE CONTENTS OF THIS NEWS RELEASE.