Metal Mountain Resources Inc.

July 13th, 2011
Vancouver, British Columbia


Management of Metal Mountain Resources Inc. (Metal Mountain) would like to inform shareholders that the Agreement dated November 10, 2010 between Metal Mountain, Gavin Mines Inc. (Gavin Mines) and Minex Minerals Ltd. (Minex) has been terminated. The Agreement was defaulted by Minex and as a result, Minex has surrendered all of the Gavin Mines shares that were issued to Minex. Minexís interest in the Dome Mountain Mine is limited to a 7% net profit interest royalty payable until all funds paid by Minex to Metal Mountain have been reimbursed.

Management is pleased to announce that Metal Mountain sold the mineral property interests comprising the Dome Mountain Mine to Gavin Mines on June 6, 2011. The consideration received for the mineral property interests sold was 650,000 common shares in the capital of Gavin Mines shares, and $2,403,000 by way of a promissory note. (Gavin Mines has an authorized share capital of 1,000,000 common shares, with these 650,000 shares being the only shares issued at this time. It is anticipated that the remaining 350,000 shares will be issued to a third party during the next year (see below), at which time Metal Mountainís interest in Gavin Mines will decrease to a 65% interest.) The property was sold pursuant to a tax-free roll-over provision of the Income Tax Act of Canada.

Gavin Mines is a subsidiary of Metal Mountain and will be the operating company for the Dome Mountain Mine and was named in honour of our late CEO, President and Senior Founder, Gavin Tattersall.

The Company also announces that on June 4, 2011 a subsequent agreement was signed between Metal Mountain, GCS Mines Inc. (GCS) and Gavin Mines. GCS has the right to purchase, through a tranche schedule, 350,000 common shares (i.e. 35%) in the capital of Gavin Mines for the sum of $11,000,000.

The majority of the $11,000,000 is allocated for the construction of the remaining infrastructure necessary for production to commence at the Dome Mountain Mine and for a large exploration program scheduled to commence on the property in 2011. Management looks forward to reporting the infrastructure development and exploration advancements as they come to fruition.

For further information please contact:

Curtis Brazeau
VP of Communications
P: 778-846-4907


The information contained in this website is provided solely for the reader's general knowledge. The information is not intended to be a comprehensive review of all matters and developments concerning Metal Mountain Resources Inc. All information is offered on a "best intentions" basis. No securities commission or other regulatory authority in Canada or any other country or jurisdiction has in any way passed upon this information and no representation or warranty is made by the Company to that effect.

This website includes "forward looking statements". Other than statements of historical fact, all statements included in this document, including without limitation, statements regarding exploration results, future plans and objectives of the Company may be forward looking statements. These statements may reflect management's current beliefs and are based on information currently available to management. Forward looking statements involve significant risks and uncertainties. A number of factors could cause actual results to differ materially from the results discussed in the forward looking statements, including, but not limited to, general economic conditions, changes arising as drilling results unfold, changes in regulatory environments affecting the Company and the availability and terms of subsequent financings. Although the forward looking statements included in this document are based upon what management believes to be reasonable assumptions, there can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.