International Minerals Closes Arrangement with Hochschild. Chaparral Gold Conditionally Approved for Listing on TSX Freitag, 20. Dezember 2013 - 20:56

NEWS RELEASE

International Minerals Closes Arrangement with Hochschild.
Chaparral Gold Conditionally Approved for Listing on TSX

Scottsdale, Arizona, December 20, 2013 - International Minerals Corporation
('IMZ') and Chaparral Gold Corp. ('Chaparral Gold') announce the closing of
the previously-announced transaction by way of a plan of arrangement (the
'Arrangement') involving IMZ and Hochschild Mining plc ('Hochschild'),
pursuant to which Hochschild has acquired all of the outstanding shares of
IMZ.

Under the terms of the Arrangement, each IMZ shareholder (other than
Hochschild in respect of the cash) is entitled to receive cash
consideration of US$2.38 per IMZ share and that number of common shares in
Chaparral Gold as is equal to their shareholdings in IMZ.

Immediately prior to closing, the following non-Peruvian assets and related
liabilities previously held by IMZ were transferred to Chaparral Gold:

  - IMZ's cash and receivables (estimated at approximately US$58 million);
    and

  - IMZ's non-Peruvian subsidiaries and their assets and related
    liabilities, including the Goldfield and Converse gold properties in
    Nevada.

Chaparral Gold common shares have been conditionally approved for listing
on the Toronto Stock Exchange ('TSX', symbol CHL), subject to satisfaction
of customary listing conditions, and it is anticipated that the initial
trading date will be December 30, 2013.

IMZ's shares are now owned by Hochschild and will cease to be traded on the
TSX, the SIX Swiss Exchange (the 'SIX') and the Open Market (Regulated
Unofficial Market) of the FWB Frankfurter Wertpapierbörse (the Frankfurt
Stock Exchange) and various other stock exchanges in Germany, in accordance
with the rules of each exchange. Formal delisting from the TSX and the SIX
will take place before the end of the year.

Former IMZ President/CEO, Stephen Kay, commented: 'IMZ is pleased to have
concluded this complex transaction with Hochschild and wishes both
Hochschild and Chaparral Gold much success in the future.'  Mr Kay will
assume the role of Executive Chairman of Chaparral Gold.

Chaparral Gold CEO, Nick Appleyard, commented: 'Chaparral Gold is being
launched with 100% ownership of two high-quality gold properties in Nevada,
one of the most favorable mining jurisdictions in the world. In addition,
with approximately US$58 million in cash and receivables, it is well
capitalized to advance the Nevada properties as considered appropriate in
the current market conditions and, importantly, to seek new opportunities
in the mining sector.'

About Hochschild Mining: 

Hochschild is a leading precious metals company listed on the London Stock
Exchange (HOCM.L / HOC LN) with a primary focus on the exploration, mining,
processing and sale of silver and gold. Hochschild has almost fifty years
of experience in the mining of precious metal epithermal vein deposits and
currently operates four underground epithermal vein mines, three located in
southern Peru and one in southern Argentina. Hochschild also has numerous
long-term projects throughout the Americas.

Hochschild Mining plc does not accept any responsibility for the adequacy
or inadequacy of the disclosure made in this news release and any such
responsibility is hereby disclaimed in all respects.

For additional information, contact:

Terri Kasten, Corporate Affairs Manager            
Tel: +1 480 483 9932                                                      

Or email us at: Information@chaparralgold.com                             
Internet Site: www.chaparralgold.com (under construction)  

Cautionary Statements:                    

Some of the statements contained in this release are 'forward-looking
statements' within the meaning of Canadian securities law requirements.
Such forward-looking statements involve known and unknown risks,
uncertainties and other factors that may cause our actual results,
performance or achievements to differ materially from the anticipated
results, performance or achievements expressed or implied by such
forward-looking statements. Forward-looking statements in this release
include statements regarding the delisting of the IMZ common shares from
the various stock exchanges and the listing of Chaparral Gold's common
shares on the TSX. Factors that could cause actual results to differ
materially from anticipated results include risks and uncertainties
relating to compliance with TSX requirements and risks and uncertainties
detailed in the IMZ's Management Information Circular dated October 25,
2013 and Annual Information Form for the year ended June 30, 2013, which
are available at www.sedar.com under the IMZ's name. IMZ and Chaparral Gold
disclaim any intention or obligation to update or revise any
forward-looking statements, whether as a result of new information, future
events or otherwise.