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Chakana Copper January Town Hall Discussion

For those who weren't able to attend live, this is a recording of the webinar originally held on Wednesday January 13th, 2021. Chakana Copper President & CEO David Kelley provides a review of the investment thesis for Chakana and then discusses some of the latest drill results from the company's most recently drilled targets: Paloma East, Paloma West and Huancarama. David then goes on to answer audience questions.

00:00​ - Introduction
01:13​ - Review of Chakana Copper Investment Opportunity
26:03​ - Review of Latest Drill Results
39:58​ - Q&A Section

Chakana Copper is now well into their fully-funded Phase III drilling program on their flagship Soledad high grade copper/gold/silver project. After beginning their Phase III drill program in mid-August 2020 (15,000 meters planned), the company has reported some notable high-grade intercepts of copper, gold and silver mineralization to date, including 10.7 m of 24.99 g/t gold equivalent and 12.2 m of 13.61 g/t gold equivalent at their Paloma West target, starting only 20 - 30 meters below surface. These high grade intercepts complement longer runs of lower grade mineralization encountered at the Paloma East target only a short distance away, including a 226 m intercept of 1.1 g/t gold equivalent starting from only 3 meters below surface. Just prior to the webinar, Chakana reported initial results at Huancarama from 8 holes, which featured intercepts of 126 m of 1.57 g/t Au-Eq / 1.03% Cu-Eq from 92.8m and 139 m of 1.26 g/t Au-Eq/0.8% Cu-Eq from 71 m. There are 7 holes still awaiting assay and more holes are in the process of being drilled at Huancarama at the time of writing. These initial holes drilled on Paloma West, Paloma East and Huancarama are part of Chakana's scout drilling first pass, intended to identify the most prospective targets in follow-up infill drilling that can be expected to positively impact the planned 2021 maiden resource estimate at Soledad and maximize tonnage.

Chakana Copper (TSX-V: PERU) is a Canadian junior exploration company focused on its high grade copper, gold and silver Soledad project located in the Ancash province of Peru. The property hosts multiple tourmaline breccia pipes that provide a target rich environment for drilling. Most of the pipes drilled so far have been mineralized with copper, gold and silver, including some notable high grade sections in several pipes. The Soledad project as a whole is located in a very favourable mining jurisdiction in Peru, with some notable Tier 1 mine neighbours within 60 km such as Barrick Gold's Pierina gold mine and the Antamina copper/zinc mine (BHP Billiton / Glencore / Teck Resources / Mitsubishi). There is also an active zinc, lead and silver mine located immediately adjacent to the Soledad property. Roads, grid power and plentiful water are readily available and make for a very favourable infrastructure situation.

Chakana has a strong share structure, with a cornerstone investment from Gold Fields, one of the world's largest gold companies, secured in 2019 at above market prices. Management and insiders own 18% and are highly incented to see Soledad become a success. Notable institutional shareholders include well-known resource investor Rick Rule and billionaire gold bug Eric Sprott.

Chakana currently trades on the Toronto Venture Exchange under the symbol TSX-V: PERU, on the OTCQB marketplace under the symbol OTC: CHKKF and on the Frankfurt Exchange under FRA: 1ZX.

To learn more about Chakana Copper, please visit their website at: https://www.chakanacopper.com/​

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Originally filmed on January 13th, 2021