Mr. Matt Boyes reports

SOLIS ANNOUNCES CLOSING OF TRANCHE 1 OF THE PLACEMENT

Solis Minerals Ltd. has closed tranche 1 of its placement, issuing a total of 5,545,455 shares at 55 Australian cents per share to raise gross proceeds of $3.05-million (Australian).

Assisting brokers received in aggregate fees of 6% of the funds raised under the Placement, being a total of $183,000 in connection with the closing of Tranche 1.

As previously advised, Tranche 2 of the Placement is subject to shareholder approval to be sought at a Special Shareholder Meeting of the Company expected to be held on or around late July 2023.

CDIs trading on the ASX issued on account of the shares cannot be converted into common shares of the Company for the purposes of trading such shares in Canada until four months and one day have elapsed from the issuance date.

About Solis Minerals Ltd.

Solis Minerals is a Latin American battery mineral-focused mining exploration company. The Company owns a 100% interest in the Borborema Lithium Project in NE Brazil, covering 24,800ha. It has recently executed an option to acquire 100% of the Jaguar Lithium project in Bahia state, Brazil. In addition, Solis also holds a 100% interest in 32,400ha of combined licences and applications of highly prospective IOCG (iron oxide copper/gold) and porphyry copper projects in southwestern Peru within the country's prolific coastal copper belt - a source of nearly half of Peru's copper production.

This Announcement has been authorised for release to the TSX-V and ASX by the Board of Solis Minerals.

We seek Safe Harbor.