Received by email:

File: CAT - NR Maggie - Aug 31 2016.docx


TSXV: CAT
FF: 8CH
For Immediate Release


CHIMATA ENTERS INTO OPTION AGREEMENT FOR MAGGIE GOLD PROJECT


AUGUST 31, 2016, SURREY, BRITISH COLUMBIA, CHIMATA GOLD CORP. [TSXV:CAT/FF:8CH] ("Chimata" or the "Company") announces
---> that it has entered into an Option Agreement with Innovative Properties Inc. ("Optionor") to acquire a 100% interest 
--->in certain concessions known as the "Maggie Gold Project", which is located about 12 kilometres southeast of the ocean
---> port of Squamish, B.C., and comprised of approximately 20.9 hectares.

The Option Agreement stipulates that the Company will pay $5,000.00 to the Optionor on the later of (i) three (3) days
---> of the Option Agreement being executed or (ii) the approval by the exchange. The Company will 

i) Complete hard costs expenditures in aggregate of $50,000.00 on the Maggie Gold Project by December 31, 2016, in an 
--->effort to produce an updated 43-101 compliant technical report;
ii) Cash payment of $50,000 plus a further $50,000 in hard or soft cost expenditure on the Maggie Gold Project by Apri
--->l 30, 2017; and
iii) Upon the second cash and expenditure payment, Chimata will become 100% interest owner in the Maggie Gold Project 
--->subject to a 1% NSR to the Optionor.

The Option Agreement is subject to exchange approval.

ON BEHALF OF THE BOARD OF
CHIMATA GOLD CORP.

"Sonny Janda"
____________________________
Sonny Janda
Director

All statements, other than statements of historical fact, included herein are forward-looking statements that involve 
--->various risks and uncertainties.  There can be no assurance that such statements will prove to be accurate and actual 
--->results and future events could differ materially from those anticipated in such statements.  Important factors that c
--->ould cause actual results to differ ,materially from the Company's expectations are disclosed in the Company's documen
--->ts filed from time to time with the TSX Venture Exchange, the British Columbia Securities Commission, the Ontario Secu
--->rities Commission and the Alberta Securities Commission. 

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX 
--->Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.