Chimata Gold Sells 2,000,000 Emgold Mining Shares

NEWS RELEASE

CSE: CAT

1015 –789 West Pender Street, Vancouver, BC V6C 1H2

Chimata Completes Sale of 2,000,000 Emgold Shares

Vancouver, BC, February 7, 2019 – Chimata Gold Corp. (CSE: CAT) (“Chimata” or the “Company”)

announced today that it has completed the sale of 2,000,000 common shares of Emgold Mining

Corporation (“Emgold”) for total proceeds of $100,205 (the “Transaction”).

Following completion of the Transaction, Chimata now owns 4,000,000 common shares of Emgold,

which represents an approximate 11.30% interest in Emgold.

The proceeds received by the Company from the Transaction will be used for general working capital

purposes as the Company is currently preparing for the completion of the second and final phase of

its contemplated reverse take-over transaction with Zimbabwe Lithium Company (Mauritius) Limited

(“Zimbabwe Lithium”, or “ ZIM”) regarding the exploitation of development rights for the Kamativi

lithium tailings (the “ Kamativi Tailings ”) deposit at the Kamativi Tin mine, Matabeleland North

Province, Zimbabwe.

This news release is being issued in pursuant to National Instrument 62 -103 - The Early Warning

System and Related Take -Over Bid and Insider Reporting Issues , which also requires a report to be

filed with t he regulatory authorities in each jurisdiction in which Emgold is a reporting issuer

containing information with respect to the foregoing matters (the "Early Warning Report"). A copy of

the Early) Warning Report will be filed on the Emgold's profile on SED AR and may also be obtained

by contacting the Company at (04) 674-3145.

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.

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 differ materially from those currently anticipated in such statements. Particular

risks applicable to this press release include risks associated with planned prod uction, 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 ha ve 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 (CSE) has not reviewed this news release and does not accept

responsibility for its adequacy or accuracy.

We seek safe harbour.