Nove MX, OTCQB: C Metals Inc & under the dir man, VP of Ex telligence ga aunch. We ar NS update we hysical survey arameters an ls – Lau ember 16, 20

Chilea an Metals –  Lau unches B Bass Rive er Castle eReagh E Explorat tion  Program m. 

BASS RIVER, NS. Nove

ember 16, 2017. Chilean M Metals Inc. (“Chilean Meta als,” “CMX” o or the “Comp pany”) (TSX.V: CM MX, OTCQB: C CMETF, SSE:C CMX, MILA:CM MX, FRA: IVV1 1, BER : IVV1)

).

rt  that  they have  launched  its  Explor Chilean  M Metals  Inc  &  Tejas  Gold  Co.  are  pleased  to  repor ration program, under the dir rection of Chi ilean Metals & & its Technica al Committee e.

Gary Lohm erway at Bass River man, VP of Ex xploration sta ated, “The mu uch‐anticipate ed program is s finally unde d  this  delayed  the North.  Int telligence  gathered  in  fie eld  suggested d  additional  s staking  oppo ortunities  and will form part of a product la aunch. We ar re waiting on n assays in co onjunction wit th this progra am and this w he final pre drilling step is the completi broader N NS update we e expect to pu ublish later th his month.  Th ion of the geoph hysical survey y, the data w will be modelled by Minota aur Exploration Limited (A Australia) who will provide parameters an nd recommen ndations inclu uding propose ed drill collar locations.

The Two d defined Grids s (above) are presently be eing cut in pre eparation  fo or Abitibi  Geo ophysics, Val‐ ‐d’Or, e  Priority  Targets, QC  ,  who

• will  conduc ct  a  three  component  fixe ed  loop  TDEM  (PEM)  Sur rvey  over  the

BRN_VT01and  BRN_V VT03,  as  ide entified  by  Minotaur  Ex xploration  (A Australia)  an nd  our  Tech hnical ee. Once this s data is pro ocessed and d returned b by Minotaur  Exploration n, Chilean M Metals Committe will anno ounce & exe ecute it’s 2000‐3000m D Drilling Program which i is expected  to commen nce in cember and run until the e end of January.

early Dec

LineCutte ers on Bass Ri iver Target BR RN_VT01                         (Ph hotos dated 1 11‐13‐17)

“We are v very excited  to be launch hing our Drill  Program on  the largest V VTEM anoma aly defined in n over 2000 line kilometers of airborne surveying.  This s is an extensi ion of a previously defined d, well minera alized Zn‐Pb‐Ag system. We a also staked ad dditional grou und to protec ct a New Enhanced Geoph hysical Target t on & off  our  e existing  Bass  River  Claims s,  and  now  w we  are  going g  to  test  this s  system’s  e extension  trending northeast t towards the Pleasant Hills Pluton”, sta ated Terry Lyn nch,  Chairma an of Chilean Metals Inc.

“I believe e many will be e surprised a at the results the Cobequi id‐Chedabuct to Fault Zone e (CCFZ) prop perties will delive er over the n next few years. When the e Nova Scotia a DNR & Min notaur Austra alia re‐define ed the CCFZ as a a potential IO OCG belt, the e entire think king of the area has chan nged. The CC CFZ comprises s of a series  of  crustal‐scale  faults  along  a  250km  x  up  to  25km  wide  area  th hat  divides  N Nova  Scotia  i into  2 ma).  I believe there is the real potential for a discov distinct te erranes (Avalo on & Megum very  in this sy ystem in the nea ar term.“ com mmented Patr rick Cruicksha ank, President t and CEO of Chilean Meta als.

About Chilean Metals

www.chile eanmetals.com/ /

Chilean Metals Inc. is a C Canadian Junio or Exploration Company focu using on high p potential Copp per Gold prospe ects in Chile & Ca anada.

ically located in the Chilean M Metals Inc is 1 100% owner o of five propert ties comprising g over 50,000 acres strategi prolific IO OCG (“Iron oxide-copper-gol ld”) belt of no orthern Chile. I It also owns a a 3% NSR roy yalty interest o on any future prod duction from th he Copaquire C Cu-Mo deposit, recently sold to a subsidiary y of Teck Reso ources Inc. (“T Teck”). Under the terms of the sa ale agreement, Teck has the r right to acquire e one third of t the 3% NSR fo or $3 million d dollars at any tim me. The Copaq quire property borders Teck k’s producing Quebrada Bla anca copper m mine in Chile’s s First Region.

The Qualif fied Person for r Chilean Meta als Inc., as defi ined by Nation nal Instrument 43-101, is Ga ary Lohman, P. . Geo., Vice Presid dent, Explorati ion.

Forward-look king Statements: T This news release m may contain certain statements that m may be deemed "f forward-looking st tatements". All sta atements in this release, other than state ements of historic cal fact, that addre ess events or deve elopments that CM MX expects to oc ccur, are forward looking statements. F Forward-looking st tatements are statements that are n not historical facts s and are generally y, but not always s, identified by the e words "expects", "plans", "anticipates s", "believes", "int tends", "estimates", "projects", "pot tential" and simila ar expressions, or that events or conditions "will", "woul ld", "may", "could" or "should" occu ur. Forward-lookin ng statements in th his document inclu ude statements reg garding current an nd future exploration programs, activities s and results. Although CMX believ ves the expectation ns expressed in suc ch forward-lookin ng statements are b based on reasonable as ssumptions, such s statements are not guarantees of futu ure performance an nd actual results m may differ material lly from those in f forwardlooking statem ments. Factors that could cause the a actual results to differ materially from those in forwar rd-looking stateme ents include marke et prices, exploitation a and exploration su uccess, continued d availability of ca apital and financi ing, inability to o obtain required reg gulatory or gover rnmental approvals and d general econom mic, market or business conditions. I Investors are caut tioned that any su uch statements are e not guarantees o of future performance and actual results or developments m may differ materia ally from those pro ojected in the forw ward looking statem ments.

e TSX Venture Exchange) Neither the T TSX Venture Excha ange nor its Regu ulation Services Pr rovider (as that te erm is defined in the policies of the accepts respo onsibility for the ad dequacy or accura acy of this release