Mr. Sonny Janda reports

CHIMATA ENTERS INTO OPTION AGREEMENT FOR MAGGIE GOLD PROJECT

Chimata Gold Corp. has entered into an option agreement with Innovative Properties Inc., the optionor, to acquire a 100-per-cent interest in certain concessions known as the Maggie gold project, located about 12 kilometres southeast of the ocean port of Squamish, B.C., and comprising approximately 20.9 hectares.

The option agreement stipulates that the company will pay $5,000 to the optionor on the later of: (i) three days of the option agreement being executed; or (ii) approval by the exchange. The company will:

1. Complete hard-cost expenditures in the total amount of $50,000 on the Maggie gold project by Dec. 31, 2016, in an effort to produce an updated National Instrument 43-101-compliant technical report;
2. Make a cash payment of $50,000 as well as a further $50,000 in hard- or soft-cost expenditures on the Maggie gold project by April 30, 2017;
3. Upon the second cash and expenditure payment, Chimata will become the 100-per-cent interest owner of the Maggie gold project, subject to a 1-per-cent net smelter return royalty to the optionor.

The option agreement is subject to exchange approval.

We seek Safe Harbor.