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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 to acquire one third of the 3% NSR fo r $3 million dollars at any time. The Copaquire

property borders Teck’s producing Quebrada Blanca copper mine in Chile’s First Region.

Chilean Metals Inc is the 100% owner of four Copper Gold exploration properties in Nova

Scotia on the western flank of the Cobequid- Chedabucto Fault Zone (CCFZ); Fox River,

Parrsboro, Lynn and Bass River North respectivel y. Initial targeting and geophysics has been

conducted on all properties, At Bass River North, airborne geophysics identified a major VTEM

cluster on trend with the Pb/Zn/ Ag mineralization exposed at su rface and in drill holes to the

southwest. Modeling of the airborne data and subsequent Pulse Electro-Magnetic (PEM) data by

Minotaur (Australia) identified 1 target of considerable size for priority drilling.

ON BEHALF OF THE BOARD OF DIRECTORS OF

Chilean Metals Inc.

“Terry Lynch”

Terry Lynch, Chairman & CEO

Contact: [email protected]

Forward-looking Statements: This news release may contain certain statements that may be

deemed "forward-looking statements". All statements in this release, other than statements of

historical fact, that address events or developments that CMX expects to occur, are forward

looking statements. Forward-looking statements are statements that are not historical facts and

are generally, but not always, identified by the words "expects", "plans", "anticipates",

"believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events

or conditions "will", "would", "may", "could" or "should" occur. Forward-looking statements in

this document include statements regarding curre nt and future exploration programs, activities

and results. Although CMX believes the expecta tions expressed in su ch forward-looking

statements are based on reasonable assumptions, such statements are not guarantees of future

performance and actual results may differ materia lly from those in forward-looking statements.

Factors that could cause the actual results to differ materially from those in forward-looking

statements include market prices, exploitation an d exploration success, con tinued availability of

capital and financing, inability to obtain requ ired regulatory or govern mental approvals and

general economic, market or business conditi ons. Investors are cautioned that any such

statements are not guarantees of future perfor mance and actual results or developments may

differ materially from those projected in the forward-looking statements.

The Quali f

Consultant

Neither t

in the po

of this re

fied Person f o

t

the TSX Ven

licies of the

elease.

or Chilean Me t

ture Exchan

TSX Venture

tals Inc., as d e

nge nor its R

e Exchange)

efined by Nat i

Regulation S

) accepts res

ional Instrum e

Services Prov

sponsibility f

ent 43-101, is

vider (as tha

for the adequ

Mick Sharry,

at term is d ef

uacy or accu

M.Sc.

efined

uracy