Culpeo Minerals Limited announce that sampling and mapping conducted at the Quelon Project ("Quelon" or "the Project") in Chile has extended the surface copper and gold mineralised zone at the Anico Prospect by 500m to now cover an area of 800m x 1,000m. Sampling returned grades up to 1.88% Cu and up to 4.10g/t Au in surface outcrops and reconnaissance drilling is now planned. Assay results received from rock chip sampling programs at the Anico Prospect have defined an 800m x 1,000m zone displaying elevated copper and gold geochemistry with up to 1.88% Cu and 4.10 g/t Au reported.

The elevated copper and gold results are coincident with the previously reported geophysical anomalies. Sampling was undertaken to follow up and infill results from a broad spaced sampling program completed as part of the recent surface mapping exercise in the area. A total of 67 samples were taken and sent to ALS Chile for multi-element analysis.

The Anico Prospect is considered to have significant prospectivity for Iron-Oxide-Copper-Gold (IOCG) or porphyry style mineralisation due to the elevated chargeability anomalies, its proximity to magnetic highs and mapped alteration in outcrop. The newly discovered copper and gold mineralisation on surface is coincident with a geophysical anomaly, suggesting the presence of a deeper mineralised body at the Prospect.