Mr. William Randall reports

ANTOFAGASTA GOLD STRENGTHENS BOARD WITH APPOINTMENT OF MR. PAUL MATYSEK AND MR. BRUCE HUMPHREY

Antofagasta Gold Inc. welcomes Paul Matysek (PGeo) and Bruce Humphrey (PEng) to the board of directors of the company.

William Randall, president and chief executive officer of Antofagasta, commented: "We are pleased to welcome Bruce Humphrey and Paul Matysek to the board. Combined, they bring over 65 years of experience to the company, including prominent and successful track records in the mining space. The addition of these two well-respected mining executives is a vote of confidence for Antofagasta. Their technical, operational and financial insight will be a great asset to the company."

Mr. Matysek is a mining entrepreneur, professional geochemist and geologist with over 30 years of experience in the mining industry. A master of science in geology graduate from the University of British Columbia, Mr. Matysek has held senior executive and director positions with several natural resource exploration and development companies and is a proven company builder.

Mr. Matysek was chief executive officer of Lithium One Inc., which merged with Galaxy Resources of Australia through a $112-million plan of arrangement to create an integrated lithium company of global significance. Prior to Lithium One, Mr. Matysek was the president and chief executive officer of Potash One Inc., where he was the architect of the $434-million friendly takeover of Potash One by K+S Ag, which closed in early 2011. Prior to founding Potash One, Mr. Matysek was the founder, president and chief executive officer of Energy Metals Corp., a premier uranium company traded on the New York and Toronto stock exchanges. Mr. Matysek led EMC as one of the fastest-growing Canadian companies in recent years, increasing its market capitalization from $10-million in 2004 to approximately $1.8-billion when acquired by a larger uranium producer in 2007. He is currently president and chief executive officer of Goldrock Mines Corp., which has a feasibility-stage permitted heap leach gold project in northern Argentina.

Mr. Humphrey has more than 35 years of experience in the international mining industry. He was formerly the president and chief executive officer of Desert Sun Mining Co., which successfully developed the Jacobina mine complex in Brazil. The success of this project led to the acquisition of Desert Sun by Yamana Gold in April, 2006. From 1998 to 2004, Mr. Humphrey was chief operating officer of Goldcorp Inc., responsible primarily for the redevelopment, start-up and operation of Goldcorp's high-grade Red Lake mine in Northwestern Ontario.

Mr. Humphrey is a mining engineering graduate of the University of Saskatchewan (1974). He has worked for Inco's nickel operations near Thompson, Man., and in the mechanized mine department of Cominco's Kimberley, B.C., operations. He has also worked in progressively senior capacities with Noranda, Echo Bay, Canamax and Canadian Mine Development. From 1995 to 1998, he was vice-president, mining and contracting, for BLM Service Group, a major engineering firm with projects worldwide. Mr. Humphrey is a former board member of Yamana Gold Inc., B2 Gold Corp., Consolidated Thompson Iron Mines, Avion Gold Corp., Alderon Resource Corp. and Crocodile Gold Corp., among others.

As part of their recruitment, each of Mr. Matysek and Mr. Humphrey have been granted 250,000 options exercisable for a corresponding number of shares in the company, subject to regulatory approval. The stock options granted to each of Mr. Matysek and Mr. Humphrey will be exercisable at a price of 68 cents for a period of five years. In addition, the stock options are subject to a four-month-and-one-day statutory hold period.

We seek Safe Harbor.