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VANCOUVER, British Columbia, Dec. 11, 2018 (GLOBE NEWSWIRE) — Ero Chestnut Corp. (the “Company”) (TSX: ERO) is admiring to accommodate a annual amend on the advancing appraisal assignment programs at its Pilar, Vermelhos and Surubim mineral districts, all allotment of its 99.6% endemic Vale do Curaçá Acreage amid in Bahia State, Brazil.  Significant appraisal after-effects are accent below: 



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These high-grade after-effects are allotment of a accumulation of 7 holes accomplished aural 100 meters of surface, that back accumulated with appraisal afterward the assay of the Vermelhos East Zone, including the after-effects of the 11 holes categorical in this columnist release, affirm the Vermelhos East Breadth is not a detached zone, but rather a semi-continuous mineralized anatomy extending from the Vermelhos Abundance (UG1 mining area) in a north-northeast administration to the Vermelhos West drop – a accumulated bang breadth of about 1.1 kilometers.  To date, the Vermelhos East Breadth has been delineated from apparent to a abyss of about 400 meters and charcoal accessible forth bang and to depth.  Added assignment testing to actuate chain of the high-grade portions of the Vermelhos East Breadth is a top antecedence of the Company’s advancing appraisal efforts in the Vermelhos District.

These after-effects reflect cogent increases in ahead modeled thicknesses of the basic Vermelhos orebodies in the absolute areas surrounding these new intercepts.  In addition, the after-effects are the artefact of the Company’s systematic, ongoing, borehole electromagnetic (“EM”) affairs that is anecdotic EM targets aural and adjoining to the basic Vermelhos drop with absolute results.  The Aggregation intends to aggrandize the use of the borehole EM to its added operations and bounded appraisal affairs to acclaim the after-effects from its afresh completed aerial geophysical survey.



This amend encompasses appraisal assignment after-effects accustomed for the Company’s appraisal programs from August through to the end of November 2018.  Expansions and extensions as referenced herein reflect mineralization not captured in the Company’s mineral adeptness and mineral assets models acclimated in the afresh appear National Instrument 43-101, Standards of Disclosure for Mineral Projects (“NI 43-101”) adjustable mineral adeptness and assets amend (as added abundant in the Company’s columnist absolution anachronous September 5, 2018).  Currently, 19 assignment rigs are operating on the property.



VERMELHOS DISTRICT

The Vermelhos District is amid about 80 kilometers to the arctic of the Pilar Abundance and Caraíba Mill circuitous and includes the anew complete high-grade Vermelhos Mine.  Drilling is focused on amplification and new assay initiatives (including the Vermelhos East Zone) aural and anon adjoining to the Vermelhos Mine.  Five assignment rigs are currently operating aural the District.

Vermelhos East Breadth Extension

The Vermelhos East Breadth assay (see columnist absolution anachronous September 25, 2018 for advertisement of the Vermelhos East Breadth discovery) is amid about 100 meters to the east of mineralization absolute the basic Vermelhos orebodies and lies on the eastern ancillary of an advancing body.  The breadth of mineralization, to date, has been delineated from apparent chestnut oxide mineralization to an interpreted abyss of about 400 meters beneath surface.  Recent assignment results, accumulated with abstracts accumulation assignment performed consecutive to the antecedent discovery, supports a new admiration of the Vermelhos East Breadth as a semi-continuous mineralized trend extending from the UG1 mining breadth of the Vermelhos Abundance to the Vermelhos West drop – a accumulated bang breadth of about 1.1 kilometers.  The admiration is based on the accumulation of 250 assignment aperture intercepts (including oxide conduct performed by the Aggregation and absolute conduct congenital into the accepted mineral adeptness appraisal of the Vermelhos West deposit).  Additional assay assignment is underway to added abut the chain of afresh articular high-grade mineralization aural the all-embracing mineralized trend.

During the period, after-effects from 11 assignment holes were accustomed that highlight extensions of the Vermelhos East Zone, as apparent in the afterward table.  Please see Figures 1 and 2 for collar locations and Figure 3 for a north-south connected breadth highlighting the 1.1 kilometer mineralized trend of the Vermelhos East Zone.

Drill holes were accomplished from surface.  Holes not included are either awaiting appraisal results, accept been included in a altered breadth of this columnist absolution for accurateness of discussing assignment after-effects or were ahead included in a above-mentioned columnist release.  The breadth of ambush may not represent the authentic amplitude of mineralization.  Values may not add up due to rounding.  From, to and mineralized intercepts are angled to the abutting tenth of a meter. (*) indicates assignment holes with near-surface chestnut intercepts absolute oxide mineralization.

Vermelhos Basic Orebody Expansions

Exploration conduct aural the basic Vermelhos orebodies continues to ambition expansions and extensions of the mineral resource, with a focus during the aeon on conduct several EM anomalies articular during the Company’s analytic and advancing bore aperture EM program.  Drilling during the aeon connected to aggrandize and extend the mineral adeptness and mineral assets models of the Vermelhos Abundance as authentic in the accepted NI 43-101 Abstruse Report.

Expansions aural the Sombrero orebody of the Vermelhos Abundance are accent by aperture FVS-256 that intersected 35.1 meters allocation 2.70% chestnut including 12.3 meters allocation 6.30% chestnut and 8.2 meters allocation 1.96% copper, aperture FVS-257 that intersected 38.2 meters allocation 7.29% chestnut including 23.1 meters allocation 11.16% chestnut and 10.1 meters allocation 4.59% chestnut including 2.0 meters allocation 18.07% copper.  The mineralized thicknesses of these intercepts are cogent as they represent an almost 40% access in the modeled thicknesses of the orebody in the absolute areas surrounding these holes aural the accepted mineral adeptness and assets estimate.

Additionally, expansions of the Toboggan orebody of the Vermelhos Abundance are accent by aperture FVS-328 that intersected 38.2 meters allocation 6.79% chestnut including 19.4 meters allocation 8.38% chestnut and aperture FVS-331 that intersected 31.5 meters allocation 8.72% chestnut and 8.5 meters allocation 5.48% copper.  The mineralized thicknesses of these intercepts are cogent as they represent an almost 80% access in the modeled thicknesses of the orebody in the absolute areas surrounding these holes absolute aural the accepted mineral adeptness and assets estimate.

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During the period, after-effects from 11 assignment holes were accustomed that highlight expansions of the basic Vermelhos orebodies, as apparent in the afterward table.  Please see Figure 1 for assignment collar locations.

NSI indicates no cogent intercept, based on absolute brand of 0.68% copper.  Drill holes were accomplished from surface. Holes not included are either awaiting appraisal results, accept been included in a altered breadth of this columnist absolution for accurateness of discussing assignment after-effects or were ahead included in a above-mentioned columnist release.  The breadth of ambush may not represent the authentic amplitude of mineralization. Ethics may not add up due to rounding.  From, to and mineralized intercepts are angled to the abutting tenth of a meter.

The basic orebodies abide accessible to the north, south and to abyss and one of the bristles assignment rigs operating at Vermelhos will abide to appraise their extensions.  The absolute four assignment rigs will abide to assay the chain of the Vermelhos East Breadth over its 1.1 kilometer bang length.

Vermelhos Abundance – Nickel and Palladium

Test assignment is underway to quantify the acceptation of contempo occurrences of high-grade nickel and aegis aural the basic Vermelhos orebodies at abyss and their accord to the accepted chestnut mineral resources.  While, to date, boilerplate nickel grades in the orebodies, based on about 1,300 assignment amount samples, are about 0.25% nickel, with a best appraisal aftereffect of 5.09% nickel, contempo grab samples taken from a development branch absolute massive pentlandite barometer about 1 beat by 1 beat at akin 285 of the Sombrero orebody alternate appraisal ethics up to 21.7% nickel.  While these grab samples are not adumbrative and should not be relied upon, the assay of aerial grade, massive pentlandite aural the drop is an abrupt absolute development. 

Additionally, over 500 samples of amount accept been afresh analyzed for platinum accumulation metal (“PGM”) content.  The after-effects were aberrant for aegis with an boilerplate appraisal aftereffect of 0.19 grams per tonne palladium, and a best of 1.19 grams per tonne palladium.  There is a able empiric accord amid high-grade chestnut mineralization and aegis agreeable based on the samples analyzed to date.

In the New Year, a allocation of the advancing assignment affairs at Vermelhos will focus on conduct added holes beneath the Vermelhos basic orebodies to assay targets at abyss and acquiesce the Aggregation to conduct added downhole EM surveys to added appraise the abeyant for added copper, nickel and PGM mineralization at Vermelhos.

PILAR DISTRICT

The Pilar District encompasses the breadth surrounding the Pilar underground mine, Caraíba Mill circuitous and the accomplished bearing accessible pit Pilar and R22 Mines.  Ten assignment rigs are currently operating aural the District. 

During the period, amplification and analytic conduct connected to focus on the West Limb and Deepening Addendum zone.  Three underground and one apparent assignment rig are currently evaluating the admeasurement of the West Limb while four underground amount rigs are operating in the Deepening Addendum breadth (see the Company’s columnist absolution anachronous May 17, 2018 for the advertisement of the West Limb discovery).  One added apparent rig and one added underground assignment rig are currently targeting added areas of the mine.

West Limb

Exploration conduct at the West Limb is focused on infill, addendum and twin-hole conduct of the ahead appear West Limb discovery.  Drilling has predominately focused on the breadth beneath the accomplished bearing R22 accessible pit abundance and extensions forth bang to the north, accent by aperture FC5229 that intersected 61.5 meters allocation 1.91% copper, 6.7 meters allocation 0.95% copper, 8.6 meters allocation 1.20% chestnut and 4.0 meters allocation 1.37% copper.  Underground assignment rigs accept afresh commenced assignment programs to assay the southern admeasurement of mineralization aural the West Limb.  

During the period, after-effects from 9 assignment holes were accustomed that highlight analytic conduct of the West Limb, as apparent in the afterward table.  Please see Figure 4 for collar locations and Figure 5 for a cantankerous breadth of the West Limb assignment results.

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Drill holes were accomplished from surface.  Holes not included are either awaiting appraisal results, accept been included in a altered breadth of this columnist absolution for accurateness of discussing assignment after-effects or were ahead included in a above-mentioned columnist release.  The breadth of ambush may not represent the authentic amplitude of mineralization.  Values may not add up due to rounding.  From, to and mineralized intercepts are angled to the abutting tenth of a meter.

The Deepening Extension

The Deepening Addendum conduct is currently targeting mineralization on the East Limb of the Pilar Abundance amid akin -725 and akin -1040 about 1,200 meters to 1,500 meters beneath apparent and about 100 meters alongside from the accepted akin of the primary access (completed to akin -881).  During the period, after-effects for 18 holes were accustomed that abide to authenticate extensions of the modeled mineralization aural the zone.  The after-effects are accent by extensions above what was ahead believed to be the southern absolute of the Deepening Addendum breadth in aperture FC38151 that intersected 5.6 meters allocation 5.36% chestnut as able-bodied as aperture FC38153 that intersected 8.3 meters allocation 2.59% chestnut and 17.0 meters allocation 2.05% copper. These after-effects announce that the Deepening Addendum charcoal accessible to the south.

In addition, aperture FC44204, that intersected 6.0 meters allocation 7.91% chestnut including 3.0 meters allocation 11.03% copper, was accomplished about 330 meters arctic of the above holes and about 225 meters south of the ahead appear “Deep Discovery” holes (see columnist absolution anachronous June 6, 2018).  This aperture encountered college brand mineralization agnate to chestnut grades encountered ahead aural the Deepening Addendum to the arctic (reference ahead appear aperture FC4884 that intersected 18.0 meters allocation 6.28% chestnut and ahead appear aperture FC4986 that intersected 6.9 meters allocation 5.82% chestnut and 15.4 meters allocation 3.71% copper).  High-grade chestnut intercepts accept now occurred over a accumulated north-south bang breadth of about 550 meters aural the Deepening Addendum zone. Added aftereffect conduct to actuate chain of high-grade mineralization in this breadth is currently underway.  

During the period, after-effects from 18 assignment holes were accustomed that highlight extensions of the Deepening Addendum zone, as apparent in the afterward table.  Please see Figures 6 for a north-south connected breadth of the Deepening Addendum breadth and Figure 7 for collar locations.

NSI indicates no cogent ambush based on absolute brand of 0.68% copper.  The assignment holes were accomplished from the -709 and -722 levels.  Holes not included are either awaiting appraisal results, accept been included in a altered breadth of this columnist absolution for accurateness of discussing assignment after-effects or were ahead included in a above-mentioned columnist release.  The breadth of ambush may not represent the authentic amplitude of mineralization.  Values may not add up due to rounding.  From, to and mineralized intercepts are angled to the abutting tenth of a meter.

SURUBIM DISTRICT

The Surubim District is amid about 40 kilometers to the arctic of the Caraíba Mill circuitous and comprises the Surubim accessible pit abundance and accomplished bearing Angicos accessible pit mine.  Two apparent assignment rigs are operating aural the Surubim District. 

One apparent assignment rig at Surubim continues to assay chain of mineralization to abyss beneath the accessible pit mine, and one assignment rig is currently evaluating a new appraisal ambition adjoining to the Surubim Mine. 

REGIONAL EXPLORATION

The Aggregation in advancing achievement of the abstracts admiration and targeting appearance of the bounded aerial geophysical assay comprised of both electromagnetic and force systems.  To date, a cogent cardinal of aerial antecedence ambition areas accept been articular and abundant appraisal of anniversary ambition breadth has commenced.  Drill testing of the aboriginal two targets, amid abreast the Pilar Mine, is currently underway, with two appraisal assignment rigs operating on these targets.

ABOUT ERO COPPER CORP

Ero Chestnut Corp, headquartered in Vancouver, B.C., is focused on chestnut assembly beforehand from the Vale do Curaçá Property, amid in Bahia, Brazil.  The Company’s primary asset is a 99.6% absorption in the Brazilian chestnut mining company, MCSA, 100% buyer of the Vale do Curaçá Acreage with over 39 years of operating history in the region.  The Aggregation currently mines chestnut ore from the Pilar underground mine, the Surubim accessible pit abundance and its anew complete Vermelhos underground mine.  In accession to the Vale do Curaçá Property, MCSA owns 100% of the Boa Esperanҫa development project, an IOCG-type chestnut activity amid in Pará, Brazil.  Added advice on the Aggregation and its operations, including Abstruse Letters on both the Vale do Curaçá and Boa Esperanҫa properties, can be begin on the Company’s website (www.erocopper.com) and on SEDAR (www.sedar.com).

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QUALITY ASSURANCE / QUALITY CONTROL

The Aggregation is currently conduct on apparent and underground with amount assignment rigs application a aggregate of endemic and third-party apprenticed assignment rigs.  During the aeon from August 2018 to November 2018 third affair assignment rigs were operated by Major Drilling, Layne Christensen Co., and DrillGeo Geologia e Sondagem Ltda., all of whom are absolute of the Company.  Drill amount is logged, photographed and breach in bisected application a design amount saw at MCSA’s defended amount logging and accumulator facilities.   Half of the assignment amount is retained on armpit and the added bisected amount is acclimated for analysis, with samples calm on one-meter sample intervals unless an breach crosses a geological contact.  Reverse apportionment cuttings are breach at the assignment rig application one-meter sample intervals. All sample alertness is performed in MCSA’s defended on-site laboratory.  Total chestnut is bent application a nitric-hydrochloric acerbic assimilation and Atomic Absorption Spectrometry (“AAS”) and/or Titration. Oxide chestnut ethics are bent application sulfuric acerbic assimilation followed by AAS.  All contempo sample after-effects accept been monitored through a QA/QC affairs that includes the admittance of certified standards, blanks, and lurid and adios alike samples.  Regular check-assays are submitted to ALS Brasil LTDA’s adeptness amid in Vespasiano, Minas Gerais, Brazil, at a amount of about 5%.  ALS Brasil LTDA is absolute of the Company.

Rubens Mendonça, MAusIMM, Chartered Professional – Mining, has advised and accustomed the authentic and abstruse advice absolute in this columnist release.  Mr. Mendonça is a Able Person and is absolute of Ero Chestnut Corp. as authentic by NI 43-101.

CAUTION REGARDING FORWARD LOOKING INFORMATION AND STATEMENTS This Columnist Absolution contains “forward-looking information” aural the acceptation of applicative Canadian balance laws. Advanced advice includes statements that use advanced analogue such as “may”, “could”, “would”, “will”, “should”, “intend”, “target”, “plan”, “expect”, “budget”, “estimate”, “forecast”, “schedule”, “anticipate”, “believe”, “continue”, “potential”, “view” or the abrogating or grammatical aberration thereof or added variations thereof or commensurable terminology. Such advanced advice includes, after limitation, statements with account to the admiration of mineral affluence and mineral resources, the acceptation of any authentic appraisal affairs or result, the acceptation of any nickel and PGM occurrences aural the Company’s operations, and the Company’s expectations for accepted and approaching appraisal affairs including added extensions and amplification of mineralization abreast the Company’s absolute operations and throughout the Curaçá Valley.

Advanced advice is not a agreement of approaching achievement and is based aloft a cardinal of estimates and assumptions of administration in ablaze of management’s acquaintance and acumen of trends, accepted altitude and accepted developments, as able-bodied as added factors that administration believes to be accordant and reasonable in the circumstances, as of the date of this Columnist Absolution including, after limitation, assumptions about: favourable disinterestedness and debt basic markets; the adeptness to accession any all-important added basic on reasonable agreement to beforehand the production, development and appraisal of the Company’s backdrop and assets; approaching prices of chestnut and added metal prices; the timing and after-effects of appraisal and conduct programs; the accurateness of any mineral assets and mineral adeptness estimates; the cartography of the Vale do Curaçá Acreage and the Boa Esperanҫa Acreage actuality as declared in the abstruse letters for these properties; assembly costs; the accurateness of approaching appraisal and development costs and expenditures; the amount of added bolt such as fuel; approaching bill barter ante and absorption rates; operating altitude actuality favourable such that the Aggregation is able to accomplish in a safe, able and able manner; political and authoritative stability; the cancellation of governmental, authoritative and third affair approvals, licenses and permits on favourable terms; accepting appropriate renewals for absolute approvals, licenses and permits on favourable terms; requirements beneath applicative laws; abiding labour stability; adherence in banking and basic appurtenances markets; availability of equipment; absolute relations with bounded groups and the Company’s adeptness to accommodated its obligations beneath its agreements with such groups; and acceptable the agreement and altitude of the Company’s accepted accommodation arrangements. While the Aggregation considers these assumptions to be reasonable, the assumptions are inherently accountable to cogent business, social, economic, political, regulatory, aggressive and added risks and uncertainties, contingencies and added factors that could account absolute actions, events, conditions, results, achievement or achievements to be materially altered from those projected in the advanced information. Many assumptions are based on factors and contest that are not aural the ascendancy of the Aggregation and there is no affirmation they will prove to be correct.

Furthermore, such advanced advice involves a array of accepted and alien risks, uncertainties and added factors which may account the absolute plans, intentions, activities, results, achievement or achievements of the Aggregation to be materially altered from any approaching plans, intentions, activities, results, achievement or achievements bidding or adumbrated by such advanced information. Such risks include, after limitation the accident factors listed beneath the branch “Risk Factors” in the Annual Advice Anatomy of the Aggregation for the year concluded December 31, 2017, anachronous March 28, 2018.

Although the Aggregation has attempted to analyze important factors that could account absolute actions, events, conditions, results, achievement or achievements to alter materially from those declared in advanced information, there may be added factors that account actions, events, conditions, results, achievement or achievements to alter from those anticipated, estimated or intended.

The Aggregation cautions that the above lists of important assumptions and factors are not exhaustive. Added contest or affairs could account absolute after-effects to alter materially from those estimated or projected and bidding in, or adumbrated by, the advanced advice absolute herein. There can be no affirmation that advanced advice will prove to be accurate, as absolute after-effects and approaching contest could alter materially from those advancing in such information. Accordingly, readers should not abode disproportionate assurance on advanced information.

Advanced advice absolute herein is fabricated as of the date of this columnist absolution and the Aggregation disclaims any obligation to amend or alter any advanced information, whether as a aftereffect of new information, approaching contest or after-effects or otherwise, except as and to the admeasurement appropriate by applicative balance laws.

GENERAL Advice of a authentic or abstruse attributes in account of the Vale do Curaçá Acreage included in this columnist absolution is based aloft the Vale do Curaçá abstruse address advantaged “2018 Updated Mineral Assets and Mineral Affluence Statements of Mineração Caraíba’s Vale do Curaçá Mineral Assets, Curaçá Valley”, anachronous October 17, 2018 with an able date of August 1, 2018, able by Rubens Jose De Mendonça, MAusIMM, of  Planminas and Porfirio Cabaleiro Rodrigues, MAIG, Fábio Valério Cãmara Xavier, MAIG, and Bernardo Horta de Cerqueira Viana, MAIG, all of GE21 Consultoria Mineral, whom are absolute able bodies beneath NI 43-101. Please see the Vale do Curaçá Abstruse Address filed on the Company’s contour at www.sedar.com, for capacity apropos the abstracts assay undertaken with account to the authentic and abstruse advice included in this columnist absolution apropos the Vale do Curaçá Acreage for added capacity apropos the accompanying appraisal information, including interpretations, the QA/QC employed, sample, analytic and testing after-effects and for added capacity apropos the Mineral Adeptness and Mineral Assets estimates discussed herein.Cautionary Notes Apropos Mineral Adeptness and Assets Estimates In accordance with applicative Canadian balance authoritative requirements, all mineral assets and mineral adeptness estimates of the Aggregation appear or congenital by advertence in this columnist absolution accept been able in accordance with NI 43-101 and are classified in accordance with the CIM Standards.

Mineral assets which are not mineral affluence do not accept approved bread-and-butter viability. Pursuant to the CIM Standards, mineral assets accept a college amount of ambiguity than mineral affluence as to their actuality as able-bodied as their bread-and-butter and acknowledged feasibility. Inferred mineral resources, back compared with Measured or Indicated mineral resources, accept the atomic authoritativeness as to their existence, and it cannot be affected that all or any allotment of an Inferred mineral adeptness will be upgraded to an Indicated or Measured mineral adeptness as a aftereffect of connected exploration. Pursuant to NI 43-101, Inferred mineral assets may not anatomy the base of any bread-and-butter analysis. Accordingly, readers are cautioned not to accept that all or any allotment of a mineral adeptness exists, will anytime be adapted into a mineral reserve, or is or will anytime be economically or accurately mineable or recovered.

A PDF included with this absolution is accessible at: http://resource.globenewswire.com/Resource/Download/f3d6031e-1752-4b44-8af8-12e68ca6d994

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