Sinchao Metals Corp.

Sinchao Metals Corp.

October 31, 2007 15:35 ET

Sinchao Metals Corp.: Corporate Update

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 31, 2007) - The Board of Directors of Sinchao Metals Corp. (TSX VENTURE:SMZ) (the "Company" or "Sinchao") is pleased to provide highlights of the annual general meeting that took place in Vancouver, BC, on October 30, 2007.

The Board of Directors was unanimously re-elected and is composed of the following members:

Mr. Andrew Gourlay, Mr. John Huguet, Mr. Bryan Morris, (non independent directors), Mr. Abdel (Abby) Badwi, Mr. Nick DeMare, Mr. Arni Johannson and Mr. Ernesto Maurer (independent directors).

The Directors re-appointed Mr. Andrew Gourlay as President, Mr. John Huguet as Chairman, and CEO, Mr. Bryan Morris as CFO, and Ms. Rocio Echegaray as Corporate Secretary.

Other business of the annual general meeting included approval of the Company's 2007 Stock Option Plan. The Stock Option Plan is subject to regulatory approval. All agenda items passed unanimously.

Following the annual shareholders meeting, the Board of Directors met to elect officers and appoint the following committees of the Board:

Audit Committee:

- Nick DeMare, Chairman

- Arni Johannson

- Bryan Morris

Strategic Planning Committee:

- John Huguet, Chairman

- Andrew Gourlay

- Ernesto Maurer

Corporate Governance and Compensation Committee:

- Bryan Morris, Chairman

- Abdel (Abby) Badwi

- John Huguet

On behalf of Sinchao Metals Corp.

Andrew W. Gourlay, P. Geol., President

About Sinchao Metals Corp.:

Sinchao Metals Corp. (TSX VENTURE:SMZ) is focused on the exploration and development of the Sinchao property, located in Cajamarca province in Northern Peru, 30 kilometres from Yanacocha, the largest gold mine in South America. The company is dedicated to creating value for its shareholders by pursuing growth, expansion and enhancement of the Sinchao property.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news release.

Contact Information

  • Sinchao Metals Corp.
    Andrew W. Gourlay, P. Geol.
    (604) 681-6186 or Toll Free: 1-888-356-4784
    (604) 681-3652 (FAX)