Atacama Pacific Gold Corporation
TSX VENTURE : ATM

Atacama Pacific Gold Corporation

December 20, 2016 17:00 ET

Atacama Receives Receipt for Final Short Form Prospectus in Connection With Special Warrant Financing

TORONTO, ONTARIO--(Marketwired - Dec. 20, 2016) -

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Atacama Pacific Gold Corporation (TSX VENTURE:ATM) ("Atacama Pacific") announces that it has filed a final short form prospectus in the provinces of British Columbia, Alberta and Ontario and obtained a receipt from the securities regulatory authorities qualifying the distribution of 12,777,778 units of Atacama Pacific ("Units"). Each Unit will be comprised of one Atacama Pacific common share and one half of one Atacama Pacific common share purchase warrant (a "Warrant"). Each Warrant will entitle the holder to purchase one Atacama Pacific common share at the exercise price of $0.60 at any time on or before November 17, 2018.

The Units are being issued in connection with the special warrant financing led by Mackie Research Capital Corporation, pursuant to which Atacama Pacific sold and issued 12,777,778 special warrants at a price of $0.45 per special warrant for gross proceeds of $5.75 million on November 17, 2016.

All of the previously issued special warrants will now be deemed exercised for Units at 5:00 p.m. (Toronto time) on December 23, 2016. The agent for the special warrants, TSX Trust Company, will give notice of the deemed exercise to the holders of the special warrants. Certificates representing the special warrants must be surrendered to the agent for the special warrants in exchange for certificates representing the Atacama Pacific common shares and Warrants issued upon such deemed exercise.

FORWARD LOOKING STATEMENTS

This news release contains forward looking statements, including predictions, projections and forecasts. Forward looking statements include, but are not limited to, statements regarding achieving the issuance of units. Often, but not always, forward looking statements can be identified by the use of words such as "plans", "planning", "expects" or "does not expect", "continues", "scheduled", "estimates", "forecasts", "intends", "potential", "anticipates", "does not anticipate", or "belief", or describes a "goal", or variation of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved.

Forward looking statements involve known and unknown risks, future events, conditions, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, prediction, projection, forecast, performance or achievements expressed or implied by the forward looking statements. Although Atacama Pacific has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward looking statements

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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