Chakana Comments ON Trading Activity at the Request of IIROC

NEWS RELEASE

CHAKANA COMMENTS ON TRADING ACTIVITY

AT THE REQUEST OF IIROC

Vancouver, B.C., April 14, 2020 – Chakana Copper Co rp. (TSX-V: PERU; OTCQB:

CHKKF; FWB: 1ZX) (the “ Company ” or “ Chakana ” ) is issuing this press release in response

to a request by the Investment Industry Regulatory Organization of Canada (IIROC) to comment

on today's volatility in its share price and the hi gher ‐than ‐typical trading volumes. Chakana

confirms that it is not aware of any material undis closed information related to the company or its

operations that would account for this trading activity.

About Chakana Copper Corp

Chakana Copper Corp is a Canadian based minerals ex ploration company and through its wholly

owned Peruvian subsidiary, Chakana Resources S.A.C. , is currently advancing the Soledad

project near Aija, in the Ancash region of the highly prolific Miocene mineral belt of Peru.

ON BEHALF OF THE BOARD

(signed) “ David Kelley ”

David Kelley

President and CEO

For further information contact:

Michelle Borromeo, Manager – Corporate Communicatio ns

Phone: 604-715-6845

Email: [email protected]

Neither TSX Venture Exchange nor its Regulation Ser vices Provider (as that term is defined in the policies of the

Exchange) accepts responsibility for the adequacy o r accuracy of this release.