Chilean Metals Announces Management Reorganization
Chilean Metals Announce es Manage ement Reo organizatio on
Toronto, ON. March
h 14, 2018 C Chilean Meta als Inc. (“Chi ilean Metals, ,” “CMX” or r the “Company”) (TSX.V:C CMX, OTCQB B: CMETF, S SSE:CMX, M MILA: CMX).
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| Toronto | based Chilea | n Metals Inc | . announced | today that P | atrick Cruick | shank and G | ary Lohman | have |
| resigned | their respecti | ve positions | as the Comp | any’s Chief | Executive O | fficer and V | P Exploration | with |
| effect on | February 28, | 2018 in orde | r to focus th | eir attention | on other min | eral interests | in Nova Sco | tia, in |
| particular | the cobequid | fault projec | ts in the area. | Mr. Cruick | shank and M | r. Lohman w | ill remain as | board |
| members | of the Com | pany until th | e Company’ | s next AGM | . Current C | hilean Meta | ls chairman | Terry |
| Lynch wi | ll replace Mr | . Cruickshan | k as the Com | pany’s CEO. |
Terry Lyn nch, Chilean Metals chairm man and new w CEO comm mented, “We w would like to thank Patrick k and Gary for t their services s to the Comp pany. We look k forward to continuing to
- work with t them on our b board
and in pro omoting and developing c cobequid faul lt projects in Nova Scotia, , which will g greatly benef fit the Company y’s Nova Scotia projects, in ncluding the B Bass River pr roject.”
Mr. Cruic ckshank and Mr. Lohman have each h have agreed t to the cancell lation of all o of their respe ective to issue 1,333,333 Company y stock option ns effective F February 28, , 2018. Chil lean Metals has agreed t 67 Company shares to Mr Company y shares to Mr. Cruickshan nk and 666,66
r. Lohman as s consideratio on for their past services and the cancellation of their st pany shares to Mr. tock options. The issuance e of the Comp Cruicksha oval and will bear a hold p ank and Mr. L Lohman are su ubject to TSX X Venture Ex xchange appro period of 4 mont ths from issua ance.
About Ch hilean Metals,
www.chil leanmetals.co om/
| Chilean | Metals Inc. is | a Canadian | Junior Explo | ration Compa | ny focusing | on high pote | ntial Copper | Gold |
| prospects | in Chile & C | anada. |
| Chilean M | etals Inc is 1 | 00% owner | of five prope | rties comprisi | ng over 50,0 | 00 acres strat | egically loca | ted in |
| the prolif | ic IOCG (“I | ron oxide-co | pper-gold”) | belt of north | ern Chile. It | also owns a | 3% NSR ro | yalty |
| interest o | n any future | production f | rom the Cop | aquire Cu-M | o deposit, r | ecently sold | to a subsidia | ry of |
| Teck Res | ources Inc. ( | “Teck”). Und | er the terms | of the sale a | greement, Te | ck has the ri | ght to acquir | e one |
| third of | the 3% NSR | for $3 mil | lion dollars | at any time | . The Copa | quire proper | ty borders T | eck’s |
| producing | Quebrada B | lanca copper | mine in Chil | e’s First Reg | ion. |
| Chilean | Metals Inc is | the 100% ow | ner of four C | opper Gold | exploration p | roperties in | Nova Scotia o | n the |
| western f | lank of the | Cobequid-Ch | edabucto Fau | lt Zone (CC | FZ); Fox Ri | ver, Parrsbor | o, Lynn and | Bass |
| River No | rth respective | ly. Initial tar | geting and g | eophysics ha | s been condu | cted on all p | roperties, At | Bass |
| River No | rth, airborn | e geophysic | s identified a | major VT | EM cluster | on trend w | ith the Pb/Z | n/Ag |
| mineraliz | ation expose | d at surface | and in drill h | oles to the s | outhwest. M | odeling of th | e airborne da | ta by |
| Minotaur | (Australia) | identified 3 | priority targe | ts recomme | nded for gro | und-based g | eophysics pr | ior to |
| drilling. |
| RS OF | ||||
| ON BEH | ALF OF THE | BOARD O | F DIRECTO | RS OF |
| Chilean M | etals Inc. | nmetals.com | ||
| “Terry Ly | nch” | |||
| Terry Lyn | ch, CEO | |||
| Contact: t | erry@chilea | nmetals.com |
Forward-l looking State ements: This news release may conta ain certain st tatements tha at may be de eemed "forward- -looking state ements". All s statements in this release, other than st tatements of h historical fact t, that elopments that CMX expects to occur address ev vents or deve r, are forward d looking sta atements. For rwardtatements are statements th looking st hat are not historical facts and are gene erally, but not t always, iden ntified anticipates", "believes", "i by the wo ords "expects s", "plans", "a intends", "est timates", "pro ojects", "pote ential" and simila ar expression ns, or that eve ents or condit tions "will", "would", "ma ay", "could" or "should" o occur. d future exploration Forward-l looking statem ments in this document inc clude stateme ents regarding g current and programs, , activities an nd results. A Although CMX X believes th he expectatio ons expressed d in such for rwardfuture looking statements are e based on re easonable ass sumptions, su uch statemen nts are not gu uarantees of f performan nce and actua al results may y differ mate erially from th hose in forwa ard-looking s statements. Fa actors that could d cause the ac ctual results t to differ mate erially from t those in forw ward-looking statements in nclude market pr rices, exploit tation and ex xploration su uccess, contin nued availab bility of capi ital and finan ncing, inability to obtain req quired regula atory or governmental ap pprovals and general eco onomic, mark ket or Investors are cautioned t business conditions. I that any such h statements s are not guarantees of f future performan nce and actu ual results or r developmen nts may diff fer materially y from those e projected i in the forward-lo ooking statem ments.
| Neither t | he TSX Ventu | re Exchange | nor its Reg | ulation Servi | ces Provider | (as that ter | m is defined | in the |
| policies o | f the TSX Ve | nture Exchan | ge) accepts r | esponsibility | for the adequ | acy or accur | acy of this re | lease. |