Atacama Pacific Gold Corporation

Atacama Pacific is a Chilean-focused precious metals company focused on developing its 100% owned Cerro Maricunga Oxide Gold Deposit, which is one of the largest undeveloped oxide gold deposits in the world.

Atacama Pacific has completed over 100,000 metres of drilling on the Cerro Maricunga property since late 2010 outlining a large oxide gold resource over a 2.3 kilometre strike length to depths of over 600 meters.  The Company recently published a Preliminary Economic Assessment which demonstrates the potential robust economic viability of the Cerro Maricunga deposit, as summarized below .

Preliminary Economic Assessment Highlights

• Potential for average annual gold production, over the first five years, of 298,000 ounces
• Projected total gold production of 2.7 million ounces over a 10-year mine life
• Life of mine estimated operating cash costs of $652/oz Au
• Initial capital requirements of $514.6 million
• NPV5% of $531 million at $1,450/oz Au increasing to $923 million at $1,700/oz Au