Chimata Files 43-101 Report on Kamativi Tailings Project

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1015-789 W. Pender St., Vancouver, BC V6C 1H2 CSE - CAT

Chimata Releases NI 43-101 Technical Report on the

Kamativi Tailings Lithium Project

Vancouver, BC November 7 , 2018 – Canadian strategic metals company Chimata Gold Corp. ( CSE – CAT)

(“Chimata” or the “Company”) announces the publication of its National Instrument 43 -101 – Standards of

Disclosure for Mineral Projects (“NI 43-101”) compliant technical report (the “Technical Report”) providing the

maiden Mineral Resource Statement for the Kamativi Tailings Lithium Project, (the “Kamativi Project”) following

the publication by the Company of the Mineral Resource Sta tement at the Kamativi Project in its press release

dated September 20, 2018.

Table 1 Kamativi Tailings Lithium Project Mineral Resource for the Total Tailings, • November 5, 2018

Category

Tonnes Density Li2O SnO2 Ta2O5 Fe2O3 Nb2O5

(Millions) t/m3 % ppm ppm (%) (ppm)

Indicated 26.32 1.67 0.58 493 41 1.22 65

Inferred 0.30 1.67 0.62 544 45 1.45 62

On behalf of Chimata, in association with its local Zimbabwean partner Jimbata (Pvt) ltd (“ Jimbata”), The MSA

Group (Pty) Ltd. (“MSA”) has completed the Technical Report for the Kamativi Project. The Kamativi Project is

located outside Kamativi Village in the Matabeleland North Province of Zimbabwe, approximately 185 kilometres

east-southeast of Victoria Falls and approximately 310 km northwest of Bulawayo. The Kamativi Project is

associated with the historical Kamativi Tin Mine, which ceased operation in 1994.

A copy of the Technical Report is available on the SEDAR profile of the Company at www.sedar.com.

Alain Moreau, a “qualified person” as defined by NI 43-101 has approved the scientific and technical disclosure

in this press release.

ON BEHALF OF THE BOARD

Richard Groome

Chairman and Interim President and CEO

Further information regarding the Company can be found on SEDAR at www.SEDAR.com, or by contacting the

Company directly at (604) 674-3145.

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This news release may contain forward–looking statements. Forward-looking statements address future events

and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from

those currently anticipated in such statements. Particular risks applicable to this press release include risks

associated with planned production, including the ability of the company to achieve its targeted production

outline due to regulatory, technical or economic factors. In addition, there are risks associated with estimates of

resources, and there is no guarantee that a resource will have demonstrated economic viability as necessary to

be classified as a reserve. There is no guarantee that additional exploration work will result in significant

increases to resource estimates

The Canadian Securities Exchange does not accept responsibility for the adequacy or accuracy of this release.

We seek safe harbour