Chilean Metals Inc. Completes Land Acquisitions on New IOCG Project Near Candelaria Mine, Chile - Seite 2

http://chileanmetals.com/projects/zulema/

To finance the closing of the subject property acquisition, Chilean Metals completed a $190,000 CAD debenture financing. The terms were as follows: 14% interest annually in arrears at loan repayment, secured by the shares of our Chilean subsidiary that contains a 3% royalty CMX retained through sale of its Copaquire asset to a subsidiary of Teck Resources Inc. More details on the royalty can be found on CMX's website at

http://chileanmetals.com/projects/copaquire-royalty/

The Company can, should it so choose, place a combined debenture totalling $1,000,000 USD secured in this fashion. The loan is due Oct 31, 2016, or upon sale of all or part of the Teck Royalty. The loan can be prepaid up until July 1 2015 by the Company paying a 20% penalty. Total fees of 14% were paid on this transaction. In addition, if the loan is outstanding after July 1, 2015, CMX will provide the debenture holder 1,900,000 warrants entitling holder to exchange one warrant and $0.05 to acquire one share up to Oct 31 2016. The transaction is subject to final approval from the TSX Venture Exchange.

"The Zulema project was very well received at PDAC and the Company has six outstanding NDA's, all from companies that are well capitalized. Zulema is an excellent exploration project and even under current market conditions we are confident of either joint venturing with one of these groups or raising the additional capital ourselves. We look forward to drilling at Zulema to show the market its true potential. " added CMX CEO Terry Lynch.

About Chilean Metals

http://chileanmetals.com/

Chilean Metals Inc. is 100% owner of five properties comprising 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 for $3 million dollars at any time. The Copaquire property borders Teck's producing Quebrada Blanca copper mine in Chile's First Region.