Atacama Minerals Ltd.


Share Capital
Authorized Share Capital: Unlimited number of common shares without par value
Issued and Outstanding as at
October 31,2008:
164,092,725 shares

OUTSTANDING OPTIONS

No. of Optioned Shares Expiry Date Exercise Price(Cdn)
500,000 March 12, 2009 $1.00
805,000 May 14, 2009 $1.30
200,000 October 9, 2009 $ 1.12
100,000 July 17, 2010 $ 1.34
100,000 December 16, 2010 $1.05
2,132,500 May 1, 2010 $1.06
75,000 May 26, 2010 $1.25
3,912,500    

SUMMARY

Assuming all of the outstanding options and warrants are exercised, the fully diluted share position of the Company would be as follows:

Total Shares 164,092,725 shares
Total Options Exercised 3,912,500 shares
 
Fully Diluted Share Position 168,005,225 shares
 

Adnet Communications Inc.