Sinchao Metals Corp.
TSX VENTURE : SMZ

Sinchao Metals Corp.

September 13, 2010 16:08 ET

Sinchao Metals Corporate Update

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 13, 2010) - The Board of Directors of Sinchao Metals Corp. (TSX VENTURE:SMZ) (the "Company" or "Sinchao") is pleased to announce the granting of 625,000 options to its directors and officers. The options will have a term of five years, will vest over 12 months and have an exercise price of $0.20 per share. In keeping with annual reviews following the annual meeting and conforming with Board Policy.

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.

On behalf of Sinchao Metals Corp.

John Huguet, Chairman and CEO

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 www.sedar.com.

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.

Contact Information