Vancouver, British Columbia--(Newsfile Corp. - April 2, 2019) - Revelo Resources Corp. (TSXV: RVL) ("Revelo" or the "Company")
reports that Hochschild Mining PLC's Chilean subsidiary ("Hochschild") has terminated the Option Agreement to earn a 100% interest
in Revelo's gold-silver project at Loro, located in northern Chile.
The Option Agreement allowed Hochschild to earn a 100% interest in the Loro Project over a maximum of five years in exchange for
a series of cash payments, in-ground investments and a royalty on future production. Hochschild will pay a break fee to Revelo of
US$50,000 together with the annual Chilean mineral property maintenance payments at Loro for 2019.
Tim Beale commented; "Whilst we are disappointed to see Hochschild exit this exploration program, Revelo remains encouraged by
the results to date, and we have already been approached by other companies interested in the project. We are hopeful to see
exploration activities continue in the near future."
ABOUT LORO
Loro is located along the highly productive Paleocene (or Central) Mineral Belt in northern Chile that contains several
important gold, silver and copper mines and projects. The project is located along trend and just 25 km due south of the Yamana
Gold owned and operated, multi-million-ounce gold-silver district of El Peñon. The project also lies just a few kilometers east of
Revelo's important Las Pampas project, also prospective for low-sulphidation, epithermal precious metals veins. The 4,800-hectare
Loro project area is located at relatively low altitudes (1,800m to 2,000m), has subdued topography, and is easily accessed, being
located within a short driving distance from the Pan-American Highway along a dirt road, some two hours' drive from Antofagasta and
2.5 hours from Taltal.
Recent work completed included geological mapping, surface geochemistry, ground magnetics and a total of 2,972 metres drilled in
10 holes on one small portion of the property. Results showed the presence of a mineralised epithermal vein system in the Chucao
and Tricao-Caleu vein systems, with highly anomalous silver and gold values. Several, multi-kilometer geochemical and geophysical
anomalies remain to be tested by drilling (see news releases dated August 15, 2018; May 2, 2018; March 14, 2018; December 14, 2017;
October 5, 2017).
For further details of the Loro Project please refer to the Loro Project page on Revelo's website (http://www.reveloresources.com/projects/loro).
Dr. Demetrius Pohl, Ph.D., 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.
ABOUT REVELO
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 200,000 hectares.
Revelo is a Canadian company and is listed on the TSX Venture Exchange (TSXV: RVL). For more information, please visit Revelo's
website at www.reveloresources.com.
ON BEHALF OF THE BOARD
"Michael Winn"
Michael Winn, Chairman
INVESTOR CONTACT
Timothy J Beale | President & CEO
T: +1 604 687-5544 | info@reveloresources.com | www.reveloresources.com
Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the
adequacy or accuracy of this release.
FORWARD-LOOKING STATEMENT
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 the source version of this press release, please visit https://www.newsfilecorp.com/release/43817
