Mr. Tim Warman reports

ATACAMA COPPER TO BECOME FUERTE METALS

Atacama Copper Corp. has changed its name to Fuerte Metals Corp. and its trading symbol to FMT. The board of directors passed a resolution on Aug. 16, 2024, approving the name change in accordance with the articles of the company.

It is anticipated that the company's common shares will commence trading on the TSX Venture Exchange under the new name effective as of the open of markets on Aug. 26, 2024. The common shares will trade under the trading symbol FMT on the TSX-V.

Tim Warman, chief executive officer, commented: "Fuerte, Spanish for 'strong,' is a perfect description of this company; strong management with a long history of discovery and value creation, strong backers with a record of supporting successful companies, and a strong vision for the company. In addition to our precious-metals-rich Cristina project, the company retains a significant focus on copper with Placeton/Caballo Muerto project in Chile, which hosts several porphyry copper targets situated between the giant Relincho and El Morro/La Fortuna copper-gold deposits of the Teck/Newmont Nueva Union joint venture."

The company anticipates increased news flow this fall. After a short break during the rainy season in Chihuahua, drilling will resume at Cristina in early September, with a focus on resource expansion in new target areas and the higher-grade portions of the known deposit. Based on the near-vertical structure of the Cristina veins, and the numerous coherent higher-grade zones identified to date, the company believes the deposit is both amenable and better suited to underground mining. Drilling will continue through early 2025 as the company completes a fully financed, 21,000-metre program ahead of a resource update later next year.

The Cusip number assigned to the company's shares following the name change is 35958L101 (international securities identification number -- CA35958L1013).

The name change does not affect the rights of the company's shareholders. There is no consolidation or division of capital associated with the name change. Shareholders will not be required to take any action in connection with the name change. Issued certificates or direct registration statements representing common shares will not be affected by the name change and will not need to be exchanged. The company encourages shareholders to contact their brokers with any questions regarding the name change.

About Atacama Copper Corp.

Atacama Copper is a well-financed resource company adding value through the acquisition, exploration and development of copper and precious metals projects in the Americas. The company is carrying out a 21,000-metre drilling campaign at its Cristina precious metals project in Chihuahua, Mexico, with the goal of significantly expanding the existing mineral resource estimate with a focus on underground mining. Drilling is also planned for the Yecora copper project in Sonora, Mexico. In Chile, the Placeton/Caballo Muerto project hosts several untested porphyry copper targets situated between the large-scale Relincho and El Morro/La Fortuna copper-gold deposits of the Nueva Union joint venture between Teck and Newmont Mining.

We seek Safe Harbor.