Impact Copper Exploration with Royalty Hedge · The formula assumes a selling cost of US$1.14/lb for Mo and metallurgical recoveries of 84% for Cu and 62% for Mo. Source Videla, 2009,

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Impact Copper Exploration with Royalty Hedge

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Disclaimer

2

Forward Looking Statements

Except for historical information contained herein, this presentation may contain forward looking

statements including but not limited to comments regarding predictions and projections. Forward

looking statements address future events and conditions and therefore involve inherit risks and

uncertainties. Although Chilean Metals Inc. believes that such expectations are reasonable, there can

be no assurance that such expectations will prove to be correct, and therefore actual results may differ

materially from those currently anticipated in such statements. You are cautioned not to place undue

reliance on any such forward looking statements, whether made in this presentation or in any question

and answer period related to this presentation.


Why Invest Now?

The discovery curve

Discovery Permitting/Construction Production

Sh

are

Pri

ce

Time

1-2 years 2-3 years 2 years 1-2 years

Speculators Sell

Construction “Orphan”

Period

Institutional Investors

Buy

3

CMX


Markets Have Turned

TSX Venture* from 1990 to Present – Bull & Bear Markets

4

Normalized Data – Vancouver Stock Exchange, Canadian Venture Exchange, TSX Venture Source: palisadeglobal.com / palisade-research.com, Bloomberg

-1

-0.5

0

0.5

1

1.5

2

2.5

3

19

90

19

91

19

92

19

93

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94

19

95

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96

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97

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98

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99

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00

20

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02

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20

11

20

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20

14

20

15

20

16

20

17

Re

turn

(%

)

28% 251 Days

-26% 102 Days

266% 1,142 Days

-79% 408 Days

222% 573 Days

-80% 1,200 Days

-41% 422 Days

120% 80 Days

-73% 897 Days

106% 307 Days

-38% 245 Days

128% 814 Days

-31% 112 Days

88% 508 Trading Days

and Counting


Why Invest Now?

Credibility of the Discovery Team

Massive Size Potential of Discoveries

Strong Copper Bull Market

Probability Teck Royalty Activated

Multiple Drill Programs in 2017

Hidden Assets

5


Copper Market – 5 year Copper Spot

6

Co

pp

er

Pri

ce (U

SD

/lb

)

1.5

2.0

2.5

3.0

3.5

4.0

Jan-13 Jun-13 Nov-13 Apr-14 Sep-14 Feb-15 Jul-15 Dec-15 May-16 Oct-16 Mar-17 Aug-17

3.19 USD/LB 26 Jan ‘18


Copper: why its hot and getting

Copper Demand > Supply Imbalance is increasing

25M

20M

15M

10M

5M

0

Demand Production

Reuters

Renewable energy resources require four to 12-times as much copper as traditional

fossil fuel-based power generation. In Asia alone, technological factor together with

surging demographic growth is predicted to lead to an additional 30.8 million tonnes of

copper demand by 2030.

Copper demand from electric vehicles to be nine

times higher by 2027.

Mining.com

World is going electric

7


Why Logic Drives Probability Teck Activates Copaquire Royalty – The Facts

Teck has advised Que Brada Blanca (QB1) supergene is depleted

Ore mining to stop 2018, production to seize by Mid Year 2019

Teck had peak sales of $696 Million( 2012) $229 Million (2016)

Teck is in midst of planning/building QB2 at cost of $4.7 Billion

Used life of mine estimated price of CuT of $3 and Molybdenum of $10

Operating costs of $12.78 per tonne/per year

QB 2 is targeted to go into production midway through 2022

There is forecast to be a 3-4 year gap in mining between wind up of QB1 an launch of QB2

QB has “take or pay” electrical contracts of $6.5 Million a month which it is incurring

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Teck Acquired Copaquire with two NI 43-101 Resources…10k’s away from QB1

The potential to generate significant cashflow, utilize power, retain labor would suggest this

is a compelling and sizeable opportunity for Teck

Sulfato South

Cu Eq. Tonnage Copper % lb Cu Moly % lb Moly % Cu Eq lb Cu Eq

Cutoff In Thousands Grade in Thousands Grade in Thousands Grade in Thousands

0.7 341 0.73 5,519 0.02 171.00 0.86 6,456

0.6 1,993 0.66 28,973 0.02 1024.00 0.79 34,606

0.5 7,565 0.57 95,460 0.02 3507.00 0.69 114,743

0.4 19,698 0.49 213,997 0.02 8410.00 0.6 260,254

0.3 43,508 0.41 393,051 0.02 16677.00 0.51 484,775

0.2 102,069 0.32 709,918 0.02 34972.00 0.4 902,263

0.1 159,000 0.26 910,755 0.02 53237.00 0.34 1,202,559

Quebrada Blanca Mine:

1.03 BT @ 0.5% Cu1.

Anglo Anglo

Codelco

Codelco

Codelco

Codelco

Free port

Freeport

Xstrata/Anglo

Xstrata/ Anglo

Xstrata/ Anglo

Xstrata/ Anglo

Xstrata/ Anglo

Xstrata/ Anglo

Teck

Teck

CMX Copaquire

Rio Tinto

10km

15km

Collahuasi Mine: 9.55

BT @ 0.82% Cu2.

Codelco

Free port

Codelco

Why Logic Drives Probability Teck Activates Copaquire Royalty

Cerro Moly

Mo Eq. Category Tonnage Mo lb Mo Cu % lb Copper Re Mo Eq

Cutoff In Thousands (%) In Thousands Grade in Thousands PPM %

0.028 Indicated 229,474 0.039 197,000 0.11 561,000 0.104 0.069

0.028 Inferred 193,888 0.026 111,000 0.15 624,000 0.063 0.066

0.032 Indicated 181,374 0.042 168,000 0.12 472,000 0.116 0.074

0.032 Inferred 141,595 0.027 84,000 0.16 506,000 0.065 0.071

0.036 Indicated 141,848 0.045 141,000 0.13 394,000 0.013 0.079

0.036 Inferred 105,675 0.028 65,000 0.18 417,000 0.068 0.077

Molybdenum equivalent (MoEq) grades are calculated using the following formula: MoEq (%) = Mo(%) + 1.35*(Cu (%)*2.3 / (Mo(%)*12.65-1.14)) The formula assumes a selling cost of US$1.14/lb for Mo and metallurgical recoveries of 84% for Cu and 62% for Mo. Source Videla, 2009, corroborated by AMEC (2009) NI 43-101

Inferred Mineral resource estimate by Copper equivalent cut-off grades.These results are reported in metal equivalent data based on US$ 2.50/lb. copper and US$13.50/lb. molybdenum. In calculating copper equivalencies 100% metal recoveries have been assumed. Source Charchaflie, Jaramillo NI 43101 Jan 30 2012

9


Looking For Giants – Bass River – Zulema


Bass River JV

Signed LOI November 2016 with Tejas Gold (Texas based PE group)

CMX chairs technical committee and receives management fee

After $400,000 in expenditures on the Bass River (Castlereagh) VTEM target, Tejas earns 35% in the project

The Bass River (Castlereagh) VTEM target is largest airborne VTEM anomaly delineated from over 2000 line kilometers of data

Previous drilling to the southwest at Gamble Lake identified lead, zinc and silver mineralization at depth

Clearview Geophysics - completed Pulse EM in Q4 2017

Minotaur Exploration (Australia) completed data modeling, analysis and drill collar identification.

Drill Program (2000-3000M) to commence in February and continue through March.

11


Bass River High Priority Targets CDI Results

12


Bass River North PEM Grids over Vtem Targets

13


Massive Geophysical Target Confirmed


Next Steps – Bass River North

01

02

03

04

Secure and Finalize Land Access & Permitting – (Completed)

Conduct ground based Pulse Electro-Magnetic (PEM) survey over multiple targets as recommended by Minotaur Exploration - (Completed).

Minotaur Australia to Process / Model Results & provide advice including drill collar coordinates. (Completed)

Commence Drill Program 2000-3000m (February - March 2018)

15


Zulema Location

16

30 km

Zulema

Palo Negro

Hornitos

Tierra de Oro

Tabaco

LEGEND

Chilean Metals Property

IOCG Mine

IOCG Belt

Fault

Copper Mine/ Deposit


Candelaria is the Model

Candelaria is huge and profitable. It is the world’s second largest “IOCG” deposit (after Olympic Dam, Australia). Pre-mining reserves at Candelaria were 600Mt @0.95% Cu, 0.22 g/t Au, 3.1 g/t Ag2

Orebody is being exploited by low cost, open pit mining

Orebody does not outcrop. It is overlain by 100-200 metres of barren siliceous hornfels and calc-silicate skarn

Copper sulphides occur as stringers, disseminations, breccia in-fillings and mantos

TSXV:CMX chileanmetals.com 17


A Well-Mineralized System

Zulema Project

Reduced-to-pole Magnetic Anomaly

Magnetic High

IP Target

Western Target

Historic Holes

Intensely Skarned Hydrothermal Breccia

Programmed

Drilled

Historic Holes

Current Drilling Area

1

2

3

5 7

6

4

18

8

9


Core Hole - 1.189% Cu, 0.99g/t Au, Skarn contact, Drill Hole “3”

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Drilling Highlights

DDH1 defined the extent of the eastern skarn, intersecting local Cpy between 107 and 126

DDH3 collared adjacent to historic copper workings on east flank of magnetic high

285 – 334 m, garnet magnetite skarn with multiple lenses of copper – magnetite mineralization

Within the skarn, copper ranged from 0.12 – 1.19% Cu, Au between 0.05 – 0.99 g/t Au

Mineralization was most intense at the upper skarn contact

DDH5 collared approximately 175m. north of DDH3

Starting at 146m +/-, large clots of Cpy to 5cm. appear in addition to potassic feldspar alteration

Below 182 m, magnetite becomes a significant component

179.00 – 218.50 – copper variable, individual assay sections up to 0.44% Cu and 0.27 g/t Au

322.00 – 375.20 – Hydrothermal breccia with extensive quartz veining at base accompanied by minor copper mineralization

DDH8 collared in the northerly magnetic high, intersecting a quartz, magnetite pyrite, chalcopyrite breccia.

Individual assay sections up to 0.60% Cu and 0.15 g/t Au

20


Steps to Discovery

Drilling Confirmed the Presence of IOCG style Mineralization.

Complete Ground based Geophysics including Magnetics and Deep penetrating I.P. (MIMDAS).

Overlay the Geochemistry.

Overlay Geophysical data, Focusing on Areas of Coincident High Conductivity & Magnetic Response.

Prioritize then drill key Targets. 1

2

3

4

5

21


Zulema – New Confirmed Geophysical Targets


Next Steps - Zulema

01

02

03

04

05

Southern Rock Hired to Conduct “NEW” Geophysical Program – Q4 2017

Phase 1 Geophysics (MAG) Completed – Jan 2018

Minotaur Exploration (Australia) Processing Results, Provide Recommendations for Next Stage Drilling – Q1 2018

Commence Next Phase Drill Program – Q2-Q3 2018

23

Phase 2 Geophysics (Gravity & IP) – Q1 2018


Hidden Assets in Nova Scotia & Chile

24


Experienced Team

Ian Pirie, Ex VP of Projects Inmet Mining

Terry Lynch Board Chairman

Patrick J Cruickshank,MBA President & CEO

Gary Lohman, P.Geo. VP Exploration

Dr. Chris Hodgson, P. Eng.

Dr. Tony Belperio, Executive Director, Business Development,

Minotaur Exploration Limited. (Australia)

25

http://www.google.ca/url?sa=i&rct=j&q=&esrc=s&source=images&cd=&cad=rja&uact=8&ved=0ahUKEwi98MifoPfOAhXGjZAKHVYxCOAQjRwIBw&url=http://www.brrmedia.com/event/123128/dr-tony-belperio-executive-director&psig=AFQjCNFyekn_i1myNV4ZAi-MzrRHfI61ow&ust=1473131394748714


Technical Advisory Committee

Gary Lohman, B.Sc., P. Geo., Director, Committee Chair

Over 30 years of experience in both precious and base metal exploration within the Americas.

Tony Belperio, B.Sc. (Hons), Ph.D., FAusIMM, Committee Member

Executive Director of Business Development for Minotaur Exploration Limited, Australia.

Played a key role in the exploration program that led to the discovery of the Prominent Hill mine, 130 kilometers northeast of Olympic Dam, South Australia.

Awarded the University of Adelaide's Tate Memorial Medal, the Geological Society of Australia's Stillwell Award in 1993, AMEC's Prospector of the Year (jointly) in 2003.

and received the Bruce Webb Medal by the South Australian Division of the Geological Society of Australia in 2010 for his contributions to Earth Science.

Chris Hodgson, Ph.D. P. Eng. (B.C.), Consultant

Served as Vice President of Exploration at International PBX Ventures Ltd until April 6, 2016.

Previous positions included Chief Geologist Amax Exploration, Vice President of Exploration of Canamax Resources, Exploration Manager Canada Tungsten and Minera Inmet (Chile).

Mr. Hodgson is credited with the early recognition of the Santo Domingo IOCG (iron oxide-copper-gold) deposit in Chile.

Ian Pirie

Senior mining executive who held various positions including General Manager, Latin America for Inmet Mining Corporation.

Responsible for the acquisition and development of the Antamina project, Peru.

Responsible for the development of Cobre Las Cruces in Spain and the Cobre Panama project in Panama.

26


Strategy - Execution

Objective CMX- Next Steps

01

02

03

04

05

Drill High Impact lower risk 100% owned targets with a view to discovery of resource that we would develop through Pre Feasibility unless we received a Pre Feasibility value offer in Discovery cycle.

Farm out High Impact medium risk projects. Operate exploration program.

Optimize Teck Resources Copaquire Royalty

Build a sustainable IR plan to insure market is aware of our plans and progress

Leverage our exploration and deal generation skills into multiple opportunities for our shareholders to benefit from impact Discoveries

Complete Financing for Current Programs

Zulema – GeoPhysics/Gravity – Feb 2018

Bass River – Drill- Q1 2018

Monitor Teck developments at Copaquire

Support IR – Get Analyst & Newsletter Coverage

Zulema – Geophysics – IP – End Q1 2018

02

03

04

05

07

06

01

27

Zulema –Phase 2 Drilling – Q2/3 2018


Capital Structure

Market Information (As of Jan 15, 2018)

Total Shares Issued 85,836,055

Fully Diluted 101,202,555

Warrants Issued 8,166,500

Options Issued 7,200,000

52 Week Low $0.06

52 Week High $0.33

Exchange Market Traded

Toronto (TSX-V) Symbol “CMX”

Santiago (SSE) Symbol “CMX”

USA (OTCQB) Symbol “CMETF”

MILA Symbol “CMX”

FRA Symbol “IVV1”

28

chileanmetals.com

TSXV:CMX

Impact Copper Exploration with Royalty Hedge

Documents

Impact Copper Exploration with Royalty Hedge · The formula assumes a selling cost of US$1.14/lb for Mo and metallurgical recoveries of 84% for Cu and 62% for Mo. Source Videla, 2009,