Mirasol Resources Ltd. provided an exploration update for the Company's Gorbea property package in Chile, that is subject to a recently announced non-binding Heads of Agreement for an Option to Farm-in with Newcrest International Pty Limited, a wholly owned subsidiary of Newcrest Mining Limited. Gorbea comprises a claims package totaling 26,684 ha (266.84 sq. km) including the Atlas and Titan Au+Ag+Cu projects, within the highly prospective Mio-Pliocene mineral belt of northern Chile. Subject to completion of ongoing due diligence, NCM has committed USD 4 million in exploration expenditures, including a minimum of 3,000 m of drilling over the first 18 months of the Option Period. Mirasol and NCM are advancing the drill permitting process and upgrading the exploration camp ahead of a planned for the first quarter 2019 restart of exploration program that will initially focus on Atlas, including detailed remapping mapping, alteration vectoring studies and 60 line-km of CSAMT geophysics, and diamond core drilling. At Atlas, significant progress in geological understanding has been derived from Mirasol's initial interpretation $8 million of exploration data generated under a recently terminated Joint Venture on the Gorbea package. Outcomes include recognition of a large breccias complex at Atlas that is host to the better gold mineralization, a development of a new alteration vectoring model suggesting that a number of previous drill holes with anomalous Au+Ag assays may have been terminated early above the potentially better mineralized zone and recognition of new target areas where gold mineralization may occur closer to surface. The scale of the Atlas Au+Ag system, combined with the relatively modest amount of exploration drilling to date (10,499 m in 26 holes) and the range of priority targets identified, highlights the project as a large, under-explored HSE system, requiring further drill testing for potential large tonnage bulk minable Au+Ag mineralization.