Mr. Conor Lynch reports

CHILEAN METALS INC. ANNOUNCES ENGAGEMENT OF RED CLOUD

Chilean Metals Inc. has engaged Red Cloud Securities Inc. to provide market stabilization and liquidity services to the company in accordance with the policies of the TSX Venture Exchange. Red Cloud is a Toronto-based financial services company that provides assistance to mineral exploration and mining companies in accessing capital markets and enhancing their corporate profile. Red Cloud will trade shares of the company on the TSX-V for the purposes of maintaining a reasonable market and improving the liquidity of the company's common shares. Under the agreement, the company will pay Red Cloud $5,000 per month during the term, payable monthly in advance. The term of engagement is continuing and may be terminated by either party on 30 days of prior written notice. The company and Red Cloud have an arm's-length relationship, but Red Cloud and/or its clients may have an interest, directly or indirectly, in the securities of Chilean. The agreement is principally for the purposes of maintaining market stability and liquidity for the company's common shares. The agreement is subject to the company's filing requirements with TSX-V. Red Cloud commenced its engagement with the company on March 1, 2026.

About Chilean Metals Inc.

On Feb. 3, 2025, Chilean Metals completed a plan of arrangement with Power Nickel Inc. (now called Power Metallic Mines Inc.), pursuant to which it acquired a 100-per-cent legal and beneficial interest in the Golden Ivan property. The Golden Ivan property is located in Terrace, B.C., and comprises 13 mineral claims, covering a total area of 797 hectares. Chilean Metals also owns interests in the Zulema, Tierra de Oro, Palo Negro, Hornitos and Tabaco projects located in Chile.

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