Further to the bulletin dated Aug. 5, 2016, with respect to an agreement dated May 26, 2016, between the company and Arena Minerals Inc., whereby the company has the right to acquire 100 per cent of the El Penon property located in Chile, the TSX Venture Exchange has accepted for filing documentation in connection with an amending agreement dated July 10, 2017. The company was formally substituted for Arena under the underlying option agreement, and the cash and work commitment dates were extended from July 27, 2017, to July 27, 2018. In consideration for the extension, Sociedad Quimica Y Minera De Chile S.A. will be issued 300,000 common shares.