Sinchao Metals Corp.

Sinchao Metals Corp.

November 25, 2010 09:00 ET

Sinchao Metals Announces Appointment of New CEO

David Rae to Succeed John Huguet as Chairman and CEO

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 25, 2010) - The Board of Directors of Sinchao Metals Corp. ("Sinchao" or the "Company") (TSX VENTURE:SMZ) announces that Mr. John F. Huguet will step down as Chairman and Chief Executive Officer of the Company, effective December 31, 2010. The Board has appointed Mr. David Rae to the position of Chairman and Chief Executive Officer, effective January 1, 2011. Mr. Huguet will remain available to the Company as a consultant to facilitate managerial continuity and provide the Company with ongoing access to his experience.

Mr. Huguet has served as the CEO and Chairman of the Board of Sinchao since 2006. During that time he has successfully managed the Company through significant growth, including the publication of a maiden resource estimate and NI 43-101 report containing significant quantities of copper and gold.

The Board of Directors would like to thank Mr. Huguet for his dedicated service to the Company over the past four years and wishes him well in his future endeavours. 

The Board believes that the Company will continue to add value under the leadership of Mr. David Rae. Mr. Rae has held senior positions in the mining industry, including with Falconbridge as the VP of Strategy and Commercial, for Xstrata Nickel as Senior VP for Europe and Africa, and in advisory capacities for Kinross, Vale Inco and IAMGOLD. 

For further information, please visit the Company's website at or call (604) 681-6186 or toll free: 1-888-356-4784.

About Sinchao

Sinchao Metals Corp. is focused on the exploration and development of the Sinchao Gold-Silver-Copper property, located in Cajamarca province in Northern Peru, 30 kilometers 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.

On behalf of Sinchao Metals Corp.,

Bruce Ramsden, CFO

This news release may contain forward-looking information within the meaning of the Securities Act (Ontario) ("forward-looking statements"). Such forward-looking statements may include the Company's plans for its mineral projects, the overall economic potential of its properties, the availability of adequate financing and involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements expressed or implied by such forward-looking statements to be materially different. Such factors include, among others, risks and uncertainties relating to potential political risks involving the Company's operations in a foreign jurisdiction, uncertainty of production and costs estimates and the potential for unexpected costs and expenses, physical risks inherent in mining operations, currency fluctuations, fluctuations in the price of gold and other metals, completion of economic evaluations, changes in project parameters as plans continue to be refined, the inability or failure to obtain adequate financing on a timely basis, and other risks and uncertainties, including those described in the Company's Financial Statements, Management Discussion and Analysis and Material Change Reports filed with the Canadian Securities Administrators and available at

Neither 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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