Microsoft Word - ASX Salvador field program FINAL.docx

15 October 2014 ASX RELEASE ASX Code: WAC

WILD ACRE TO ADVANCE SAMBALAY‐SALVADOR PROJECT, PERU

Surface sampling and mapping program set to commence this month

Field work to focus on high grade silver/gold in the Agua del Milagro

Zone to prioritise drill targets

Wild Acre Metals Limited ("Wild Acre" or "the Company") wishes to advise that field work at the combined Sambalay‐Salvador Project is set to recommence this month and will focus on detailed sampling of key mineralised structures to better define drill targets which are planned for subsequent drill testing.
Based on mapping and sampling to date, the Company has developed a geologic model whereby two distinct drill target concepts are apparent. These target concepts are supported by field mapping and assay results from previous rockchip and float sampling as illustrated below in Figure 1. The field campaign will follow‐up the results of:
‐ reconnaissance scale sampling (including stream sediment and rockchip sampling in float and outcrop)
in newly identified prospective areas, and

‐ detailed infill sampling over those zones already identified as drill targets.

Figure 1: Conceptual model of Agua del Milagro high grade silver prospect



Figure 2 shows the scale of the Agua del Milagro area, sample coverage to date, and the spatial distribution of known and potential target areas. High Priority Target Area


A bonanza grade silver with gold rock sample (14,180 g/t silver and 23.6 g/t gold) has been found at the Agua Del Milagro prospect. This "float" sample is believed to be sourced from the area where a favourable stratigraphic contact coincides with the NNE projection of what is believed to be the primary structural control of mineralisation found in the prospect area. It is this coincident NNE trending structure and stratigraphic contact with contrasting rock permeability where Wild Acre believes that high‐ grade silver and gold mineralization could be localized on an important economic scale. Photo 1 shows typical high‐grade vein material at Agua Del Milagro.

Photo 1 Dome Margin Target


Sub‐volcanic intrusions in the form of relatively small dacitic domes and dykes have been encountered during reconnaissance scale mapping and sampling. Both vein‐related and disseminated mineralisation occurs marginal to the dome while the dome itself shows moderate to strong silica‐clay alteration with local vuggy, leached textures but low metal content. This "Dome Margin" target concept will be the subject of additional sampling, as will three additional "domal" land forms continuing to the north from the known occurrence that have only been poorly sampled to date (Figure 2). Photo 2 shows contrasting textures of the weakly mineralized dome rock versus the mineralised dome margin.

Photo 2

2



Figure 2: Aqua del Milagro sample coverage to date and prospective target areas Road Access

The first task in the program will be establishing road access. To date, field crews have been required to commute from Tacna 1.5 hours driving each way, and then walk into prospective areas on the property. Once vehicular access into the Agua del Milagro prospect is completed, the Company will set up a base camp thereby saving valuable time previously spent on commuting daily to the field.

3



About Wild Acre

Wild Acre Metals Limited is a focused gold, nickel and base metal explorer with projects located in Peru and the Eastern Goldfields of Western Australia. Peru is rated as one of the fastest growing economies in the world and a leading country by GDP in South America. Southern Peru represents an excellent opportunity for new discoveries within a "World Class" district of large copper, iron and gold mines. Wild Acre's 100% owned projects are targeting epithermal gold/silver, porphyry gold, copper and iron oxide copper gold (IOCG) deposit styles.

For further information please contact:Grant Mooney

Executive Chairman Phone: (08) 9226 0085 Competent Persons Statement

The information in this document that relates to exploration results, is based upon information compiled by Mr William (Rick) Brown, a director of Wild Acre Metals Limited. Mr Brown is a Member of Australasian Institute of Mining and Metallurgy (AusIMM) and has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the December 2012 edition of the "Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves" (JORC Code). Mr Brown consents to the inclusion in the report of the matters based upon the information in the form and context in which it appears.

4

distributed by