ATM Atacama Pacific Gold Corporation

Atacama Pacific Gold Corporation  (TSX VENTURE:ATM) ("Atacama Pacific") is
pleased to report that it has entered into an agreement to sell its rights in an
option agreement with AMX de Chile S.A. ("AMX") (the "AMX Option") to a Chilean
subsidiary of Gold Fields Ltd. ("Gold Fields"). Atacama Pacific has received an
initial payment of US$200,000 and may receive total payments of up to
US$3,604,000 from the sale of the AMX Option. 


As announced on July 10, 2013, Atacama Pacific purchased 80 litres per second
('l/s") of water from Chilean water utility Aguas Chanar S.A.'s facility in
Copiapo, for the development of its Cerro Maricunga oxide gold deposit ("Cerro
Maricunga") along with the right of first refusal for additional water if and
when available. With a secure and sustainable source of water arranged for Cerro
Maricunga, Atacama Pacific has taken this opportunity to monetize the AMX
Option. 


Under the terms of the agreement with Gold Fields, Atacama Pacific may receive
cash payments of US$1,000,000, including US$200,000 on signing (which has been
paid) and payments of US$300,000 and US$500,000 due on March 31, 2014 and
December 31, 2014, respectively. If Gold Fields receives approval from the
Chilean water authority, Direccion General de Aguas, for all or a portion of the
42 l/s of water discovered within the concessions to date, Atacama Pacific will
receive a payment of US$62,000 per l/s approved. If Gold Fields receives
approval for the 42 l/s of water discovered, the final payment to Atacama
Pacific would be US$2,604,000. 


Atacama Pacific entered into an option agreement with AMX in March 2012 to
explore for and acquire water rights on a series of water exploration
concessions located 95 kilometers north of Cerro Maricunga. Exploration by AMX
during the following summer resulted in the discovery of 42 l/s of aquifer water
along with the identification of additional targets.


About Atacama Pacific 

Atacama Pacific is a Chilean-focused precious metals development company with a
100% ownership of Cerro Maricunga. The current preliminary economic assessment
for Cerro Maricunga, published January 28, 2013 (the "PEA") envisions the
development of an open pit mining operation and 80,000 tonne per day heap
leaching facility producing 267,000 ounces of gold annually at a cash of cost of
US$652 per ounce over a period of 10.1 years.


National Instrument 43-101 

Carlos Guzman, a mining engineer, Fellow of the Australasian Institute of Mining
and Metallurgy and a registered member of the Chilean Mining Commission, is the
independent qualified person as defined by National Instrument 43-101 for the
January 28, 2013 Preliminary Economic Assessment for Cerro Maricunga. Mr. Guzman
is a Principal and Project Director with NCL Ingeneiria y Construccion Ltda.
Santiago, Chile. Mr. Guzman has reviewed and approved the technical project
details provided in this press release. 


For further information please visit Atacama Pacific's website at
www.atacamapacific.com.


FORWARD LOOKING STATEMENTS 

This news release contains forward-looking statements, including predictions,
projections and forecasts. Forward-looking statements include, but are not
limited to, statements with respect to the PEA, including the potential for
annual gold production of 267,000 ounces, total gold production of 2.7 million
ounces over a 10.1 year mine life, initial life of mine estimated operating cash
costs of $652 /oz Au, preliminary initial capital cost estimate of $514.6
million with sustaining capital of $249.0 million, pre-tax pay-back period of
2.5 years at $1,450/oz Au and 1.7 years at $1,700/oz Au, pre-tax NPV of $741
million at $1,450/oz Au and a 5% discount rate After-tax NPV5% of $531 million,
pre-tax NPV5% of $1,247 million and an after-tax NPV5% of $923 million at
$1,700/oz Au, pre-tax IRR) of 33.9% at $1,450/oz Au (after-tax IRR of 26.6%),
statements with respect to pending payments from the sale of its AMX option
rights, statements regarding the expectation to increase mineral resources,
statements regarding expectations for receipt of permits and environmental
approvals, exploration results (including with respect to water resources),
statements regarding potential gold recoveries, the success of exploration
activities generally, mine development prospects, and potential future gold
production. Often, but not always, forward-looking statements can be identified
by the use of words such as "plans", "planning", "expects" or "does not expect",
"continues", "scheduled", "estimates", "forecasts", "intends", "potential",
"anticipates", "does not anticipate", or "belief", or describes a "goal", or
variation of such words and phrases or state that certain actions, events or
results "may", "could", "would", "might" or "will" be taken, occur or be
achieved. All dollar figures are US$. 


Forward-looking statements involve known and unknown risks, future events,
conditions, uncertainties and other factors which may cause the actual results,
performance or achievements to be materially different from any future results,
prediction, projection, forecast, performance or achievements expressed or
implied by the forward-looking statements. Such factors include, among others,
the results of due diligence activities, changes in economic parameters and
assumptions, the interpretation and actual results of current exploration
activities; changes in project parameters as plans continue to be refined; the
results of regulatory and permitting processes; future prices of gold; possible
variations in grade or recovery rates; failure of equipment or processes to
operate as anticipated; labour disputes and other risks of the mining industry;
the results of further economic and technical studies, delays in obtaining
governmental approvals or financing or in the completion of exploration, as well
as those factors disclosed in Atacama Pacific's publicly filed documents. 


Although Atacama Pacific has attempted to identify important factors that could
cause actual actions, events or results to differ materially from those
described in forward-looking statements, there may be other factors that cause
actions, events or results not to be as anticipated, estimated or intended.
There can be no assurance that forward-looking statements will prove to be
accurate, as actual results and future events could differ materially from those
anticipated in such statements. Accordingly, readers should not place undue
reliance on forward-looking statements. 


Neither the TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Atacama Pacific Gold Corporation
Carl B. Hansen
President and CEO
416 861 8267
info@atacamapacific.com
www.atacamapacific.com

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