Sinchao Metals Corp.: Corporate Update Following the Annual and Special Meeting of Shareholders

VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 09/19/11 -- Sinchao Metals Corp. ('Sinchao Metals' or the 'Company') (TSX VENTURE: SMZ) is pleased to provide highlights of the annual and special meeting that took place in Toronto, Ontario, on September 15, 2011.

The Board of Directors was unanimously re-elected, and is composed of the following members:

Mr. David Rae (non- independent director), and independent directors; Mr. Bryan Morris, Mr. Dieter Luescher and Mr. Ernesto Maurer.

Other business of the annual and special meeting included, the re-appointment of the Company auditors, namely PricewaterhouseCoopers LLP, the approval of the Company's 2011 Stock Option Plan, which is subject to annual regulatory approval, the Amendment to the Articles of the Company, the settlement of Debt by the issuance of shares to Andean American Gold Corp. and the approval of a Private Placement by Andean American Gold Corp, as previously announced on August 18, 2011.


Audit Committee:

- Bryan Morris
- Dieter Luescher
- David Rae

Compensation Committee:

- David Rae
- Ernesto Maurer
-- Bryan Morris


The Directors re-appointed Mr. David Rae as Chairman and CEO and Mr. Bruce Ramsden as VP Finance and CFO.


About Sinchao

Sinchao Metals Corp. is the owner of a gold-silver-copper exploration property, located in Cajamarca province in Northern Peru, 30 kilometers from Yanacocha, the largest gold mine in South America.


On behalf of Sinchao Metals Corp.,

Bruce Ramsden
Vice President, Finance and CFO



This news release may contain forward-looking information within the meaning of the Securities Act (Ontario) ('forward-looking statements'). Such forward-looking statements may include the Company's plans for its mineral projects, the overall economic potential of its properties, the availability of adequate financing and involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements expressed or implied by such forward-looking statements to be materially different. Such factors include, among others, risks and uncertainties relating to potential political risks involving the Company's operations in a foreign jurisdiction, uncertainty of production and costs estimates and the potential for unexpected costs and expenses, physical risks inherent in mining operations, currency fluctuations, fluctuations in the price of gold and other metals, completion of economic evaluations, changes in project parameters as plans continue to be refined, the inability or failure to obtain adequate financing on a timely basis, and other risks and uncertainties, including those described in the Company's Financial Statements, Management Discussion and Analysis and Material Change Reports filed with the Canadian Securities Administrators and available at www.sedar.com.

Neither 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.



Contacts:

Sinchao Metals Corp.
Bruce Ramsden, Vice President, Finance and CFO
(416) 368-9500 or (604) 681-6186
Toll Free: 1-888-356-4784
(604) 681-3652 (FAX)
info@sinchaometals.com
www.sinchaometals.com