Revelo Sells the Araya Breccia Copper Project and Options the Los Azules Copper Project to MASGLAS Limited

Revelo Sells the Araya Breccia Copper Project and Options the Los Azules Copper 
Project to MASGLAS Limited
VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 11/27/17 --   Revelo
Resources Corp. ("Revelo" or the "Company")(TSX VENTURE: RVL) is
pleased to announce that it has finalized two agreements with MASGLAS
Limited ("MASGLAS"). The first agreement is for the sale of Revelo's
Araya Breccia copper project in exchange for US$100,000 in cash; and
the second agreement is for a four-year Option over Revelo's
neighbouring Los Azules copper project, that will allow MASGLAS to
earn a 100% interest in the project in exchange for US$500,000 in
cash and in-ground exploration commitments. Revelo will retain a 2%
NSR royalty on all metals produced from both the Araya Breccia and
Los Azules projects.
Tim Beale, President & CEO of Revelo, commented "We are pleased to be
partnering with MASGLAS and we look forward to working with them on
the exploration program at Los Azules. These deals continue to see
Revelo's royalty portfolio being developed, as well as delivering
exploration advances on key projects. Revelo remains committed to the
search for the right partner to advance projects with the ultimate
goal of creating long term value".
Maurizio Cordova, CEO of MASGLAS, commented "The addition of these
two projects to the pipeline, attests another step forward in our
vision of consolidating mining opportunities in anticipation of a
market turn around in the next couple of years. In the near term,
MASGLAS will start a small-scale mining operation at the Araya
Breccia project, and it will also commence exploration at the
prospective Los Azules project". 
The Araya Breccia (103 hectares) and Los Azules (3,800 hectares)
projects (formerly one single project, Los Azules), lie along the
highly productive Paleocene Mineral Belt in northern Chile that
contains numerous important copper, gold and silver mines and
projects, and to the south of the historically important Inca de Oro
mining district. Numerous tourmaline breccia pipes, many with
indications of oxide and sulphide copper mineralisation, occur on the
In relation to the sale of a 100% interest in the Araya Breccia
copper project, MASGLAS will:
--  Pay US$100,000 in cash to Revelo in three tranches within 90 days from
    closing of the transaction. (At Closing:US$30,000; After 45 Days:
    US$30,000; After 90 days: US$40,000). 
--  Pay a 2% NSR royalty on all metals produced from the Araya Breccia. For
    36 months after closing of the transaction, MASGLAS will have the right
    to reduce the Royalty to a 1% NSR by making a one-time cash payment to
    Revelo of US$1 Million. After 36 months, this buy-back option expires. 
Under the 4-year Option Agreement at Los Azules, MASGLAS has the sole
and exclusive option and right to acquire a 100% undivided interest
in the Property by: 
--  Paying US$500,000 in cash to Revelo according to the following schedule:
    End Year 1:US$50,000; End Year 2: US$50,000; End Year 3: US$150,000; End
    Year 4: US$250,000. 
--  Completing a detailed 4-year work program, including 17,000m of
    drilling, according to the following schedule:
    Year 1: Soil & rock sampling, IP geophysical surveying; Year 2: 2,000m
    drilling; Year 3: 5,000m drilling; Year 4: 10,000m drilling. 
--  Paying a 2% NSR royalty on all metals produced from Los Azules. For 36
    months after exercising the Option, MASGLAS will have the right to
    reduce the Royalty to a 1% NSR by making a one-time cash payment to
    Revelo of US$1 Million. After 36 months, this buy-back option expires. 
--  Should MASGLAS fail to complete any of the above indicated payments or
    exploration commitments, or otherwise abandon the Agreement, the project
    will revert 100% to Revelo, with MASGLAS obliged to deliver all
    exploration data and results up to the point of abandonment. MASGLAS
    will also be responsible for funding the property maintenance costs
    during the term of the Agreement. 
The 100% owned Los Azules project (3,800 Ha), which includes the
Araya Breccia, is located along trend and approximately 70 km south
of the historically important Inca de Oro mining district. Access to
the property is via paved road and dirt road from the City of
Copiapo, located around 50 km west of Los Azules. Altitudes vary from
approximately 1,800m in the erosional valleys, to around 2,300m in
the sierras.
The Los Azules tourmaline breccia pipes, including the Araya Breccia,
are associated with the Cabeza de Vaca batholith, which occurs within
the Late-Cretaceous - Paleocene volcanic belt of the Chilean
pre-Cordillera. This mineral belt hosts some of the most important
copper and precious metals deposits in the country. Surface oxidation
in the area of the tourmaline breccia pipes, typically from 50m up to
150m deep, has produced a layer of readily leachable oxide copper
minerals that have been exploited from the larger breccia pipes by
artisanal miners. Minor secondary enrichment occurs at the base of
the oxide zone.
Revelo (as Polar Star Mining Corp.) has carried out geological
mapping; geophysical surveying including IP over a small portion of
the prospective area; geochemical sampling; and shallow diamond and
reverse circulation drilling in two phases in 2008 and 2010 for a
total of 5,793 m in 30 holes.
The "Exploration Technical Report: Los Azules Cu-Mo-Au Project, III
Region, Chile - For Polar Star Mining Corp." was completed in
November 2013. The report is filed on SEDAR and is posted on the Los
Azules project page of this website.
Revelo has interests in an outstanding portfolio of projects
prospective for copper, gold and silver located along proven mineral
belts in one of the world's top mining jurisdictions - Chile. The
Company has a combination of wholly-owned projects (available for
option, JV or sale), option agreements, royalty interests
(non-producing to date), and equity interests in mining and
exploration companies. Revelo's total exposure to mineral tenements
in northern Chile, either wholly-owned or through royalty interests,
is around 300,000 hectares, which makes Revelo one of the larger
exploration groups in the country. 
Revelo is a Canadian company and is listed on the TSX Venture
Exchange (TSX VENTURE: RVL). For more information, please visit
Revelo's website at
MASGLAS is a privately-owned exploration and exploitation mining
company executing a counter cyclical strategy during the recent
downturn in commodities. This strategy has enabled us to build a
solid portfolio of prospective gold, silver, and copper projects
across Chile. MASGLAS is well positioned for an industry recovery in
2018 with 100% ownership in the following projects: Aguilucho,
Condor, Fortuna, Llano, Mali, Platon, Poseidon, Teso, and Triskelion.
The projects encompass over 30,000 hectares in regions III and IV of
For more information visit MASGLAS' website at
Timothy J. Beale, President & CEO
Dr. Demetrius Pohl, PhD., Certified Professional Geoscientist (CPG),
an independent consultant, is the Company's Qualified Person for the
purposes of National Instrument 43-101 Standards of Disclosures for
Mineral Projects of the Canadian Securities Administrators, and has
approved the written disclosure of the technical information
contained in this news release.
Neither the TSX Venture Exchange nor the Investment Industry
Regulatory Organization of Canada accepts responsibility for the
adequacy or accuracy of this release.
This news release contains certain statements that may be deemed
"forward-looking statements". All statements in this release, other
than statements of historical fact, that address events or
developments that Revelo expects to occur, are forward-looking
statements. Forward-looking statements are statements that are not
historical facts and are generally, but not always, identified by the
words "expects", "plans", "anticipates", "believes", "intends",
"estimates", "projects", "potential", "indicate" and similar
expressions, or that events or conditions "will", "would", "may",
"could" or "should" occur. Although Revelo believes the expectations
expressed in such forward-looking statements are based on reasonable
assumptions, such statements are not guarantees of future performance
and actual results may differ materially from those in
forward-looking statements.
To view Figure 1, District Geological Setting - Los Azules & Araya
Breccia, please visit the following link:
Investor Contact:
Timothy J. Beale
President & CEO
+1 604 687-5544
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