Maiden Mineral Resource Statement at Kamativi Tailings Lithium Project Shows: Indicated Resource 26,320,000 tonnes at 0.58% Li2O

Vancouver, British Columbia--(Newsfile Corp. - September 20, 2018) - Canadian strategic metals company Chimata Gold Corp. (CSE: CAT) ("Chimata" or the "Company") announces completion of a maiden Mineral Resource Statement for the Kamativi Tailings Lithium Project (the "Kamativi Project"):

On behalf of Chimata in association with its local Zimbabwean partner Jimbata (Pvt) ltd ("Jimbata"), The MSA Group (Pty) Ltd ("MSA") has completed a Mineral Resource Statement for the Kamativi Project. The Kamativi Project is located outside Kamativi Village in the Matabeleland North Province of Zimbabwe, approximately 185 kilometres east-southeast of Victoria Falls and approximately 310 km northwest of Bulawayo. The Kamativi Project is associated with the historical Kamativi Tin Mine, which ceased operation in 1994.

The Kamativi tailings storage facility is a man-made deposit that was created from tailings produced from processing of tin mineralisation at the Kamativi Tin Mine. The Kamativi tailings were deposited over the period 1936 to 1994 and are derived from the mining and processing of the tin-bearing (spodumene-bearing lithium-caesium-tantalum ("LCT") pegmatites. At Kamativi, spodumene is the predominant lithium mineral present, with minor amounts of cookeite, zinnwaldite, petalite and amblygonite.

The Mineral Resource Statement was based on geochemical analyses and density measurements, attained from drilling and pitting respectively, undertaken by Jimbata between March 2018 and June 2018. A total of 115 vertical holes were drilled at Kamativi at a nominal 100 m grid spacing. Initially, drilling was by coring, and later an auger method was employed. Blank samples, certified reference materials and duplicates were included with the drill hole samples. As an additional check, 6% of the drill hole samples assayed by the primary laboratory were re-assayed by a second laboratory. The QP is satisfied that the assays are of sufficient quality for use in Mineral Resource estimation.

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ON BEHALF OF THE BOARD

Richard Groome

Chairman and Interim President and CEO

We seek safe harbor

Steve Cozine
604-674-3145
[email protected]