Effective at the opening on December 23, 1998, Chilean Gold Ltd. commenced trading on the Vancouver Stock Exchange. The company is classified as a "Venture" company and trades under the symbol "CHN".

Chilean Gold Ltd. is a mineral exploration company engaged in the exploration and development of natural resource properties. The company has interests in gold mining claims known as the Santa Fe Property, which is located in northern Chile.

The company has recently completed its initial distribution of shares to the public for total gross proceeds of $455,000. (1,300,000 shares at $0.35 per share). The company’s capitalization is 100,000,000 common shares with no par value of which 3,748,410 common shares are issued and outstanding (including 750,000 shares in escrow. Pacific Corporate Trust Company is the transfer agent and Wolverton Securities Inc. is the sponsoring Member.

For further information, please refer to the Company’s Prospectus dated December 2, 1998.

CHILEAN GOLD LTD.
Juraj Adamec, President
#1200 – 543 Granville Street
Vancouver, BC
V6C 1X6
Telephone: (604) 688-2008