Chakana Posts New Technical Presentation ON Website

NEWS RELEASE

CHAKANA POSTS NEW TECHNICAL PRESENTATION ON WEBSITE

Vancouver, B.C., October 28, 2019 – Chakana Copper Corp. (TSX-V: PERU; OTCQB:

CHKKF; FWB: 1ZX) (the “Company” or “Chakana”), is pleased to announce that it has posted

a new technical presentation to its website. The presentation titled “Soledad - an Emerging High

Cu-Au-Ag Discovery Hosted in Tourmaline Breccia Pipes Peru” was recently presented at the

Society of Economic Geologists Annual Meeting in Santiago, Chile.

The presentation presents many new insights into the geology and mineralization at Chakana’s

flagship Soledad project and should be of interest to shareholders interested in the recent advances

made in understanding these tourmaline breccia style of copper-gold-silver deposits.

Click here to view full presentation on website

About Chakana Copper Corp

Chakana Copper Corp is a Canadian based minerals exploration 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 Communications

Phone: 604-715-6845

Email: [email protected]

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

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

This release may contain forward-looking statements. Forward-looking statements involve known and unknown risks,

uncertainties, and other factors which may cause the actual results, performance, or achievements of Chakana to be

materially different from any future results, performance, or achievements expressed or implied by the forward -

looking statements. Forward looking statements or information relates to, among other things, the interpretation of

the nature of the mineralization at the Project, the potential to grow the Project, the potential to expand the

mineralization, the planning for further exploration work, the ability to de-risk the potential exploration targets, and

our belief about the unexplored parts of the Project. These forward-looking statements are based on management’s

current expectations and beliefs but given the uncertainties, assumptions and risks, readers are cautioned not to place

undue reliance on such forward- looking statements or information. The Company disclaims any obligation to update,

or to publicly announce, any such statements, events or developments except as required by law.