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The Zulema project is located along the Atacama Fau lt system 35 kilometers south of Copiapo Chile and

30 kilometers south west of L undin Mining’s Candelaria mine. In 2017, diamond drilling encountered

IOCG style mineralization in numerous drill holes, the best intersections located along the west flank of

an extensive Reduced to Pole magnetic anomaly. With copper mineralization identified on both the

northern and southern project boundaries, Santa Candela ria and Mina Restauradora respectively, a phase

2 drilling program was warranted. Following consultation with industry partners, the Company proceeded

with project wide ground-based geophysics, commenci ng with magnetics and to be followed by gravity

and deep penetrating I.P. over select targets.

The magnetic survey delineated a 2km. wide corridor trending northeast from the southern margin of the

survey area north to the Santa Candelaria workings as shown in Figure 1. A preliminary review of the

data indicates there are 4 target areas that require detailed follow-up. From north to south, the targets are

Santa Candelaria West, the West Flank, SW Magnetic High and SSE / DDH#1.

The Santa Candelaria target lies due west of the Santa Candelaria mine workings where Cu mineralization

is characterized by chalcopyrite disseminations and veins within a magnetite / hematite calcsilicate skarn.

Exposure is relatively abundant west of the workings and will be investigated prior to prior to the

commencement of a gravity survey.

The West Flank of the magnetic corridor is a priority target due to the style of mineralization encountered

in drill hole #5 where coarse-grained chalcopyrite was noted at depth. Elevated magnetics northwest of

Drill hole #5 in addition to a large peak along the western edge of the corridor are priority targets.

In the western portion of the project, the SW Magnetic Target is easily identifiable and located due east of

a copper showing and along a NW trending lineament. The target is covered by alluvial material and will

require additional ground geophysics and processing to resolve its potential.

To the southeast of drill hole #1, a magnetic high has been identified along the eastern edge of the

magnetic corridor. This target is along the eastern edge of a copper bearing hydrothermal breccia that was

drilled in 2017. Its location along a very sharp magnetic boundary at an interpreted intersection of the

same NW trending lineament crosscutting the SW Magnetic Target makes it a priority.

Gary Lohman, P. Geo & VP of Exploration stated “We are very fortunate to have engaged Southern Rock

Geophysics. Their experience with IOCG exploration, specifically at Lundin Mining’s Candelaria Mine,

is a great asset and has advanced understanding of th e Zulema Project. Chilean Metals looks forward to

Stage 2 of our Program”.

About Chilean Metals,

www.chileanmetals.com/

Chilean Metals Inc. is a Canadian Junior Exploration Company focusing on high potential

Copper Gold prospects in Chile & Canada.

Chilean Metals Inc is 100% ow ner of five properties comprisi ng over 50,000 acres strategically

located in the prolific IOCG (“Iron oxide-copper-gold”) belt of northern Chile. It also owns a 3%

NSR royalty interest on any future production from the Copaquire Cu-Mo deposit, recently sold

to a subsidiary of Teck Resources Inc. (“Teck”). Under the terms of the sale agreement, Teck has

the right

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