Mr. Matt Boyes reports

SOLIS ANNOUNCES AMENDMENT TO INVESTOR AWARENESS SERVICES CONTRACT WITH STOCKSDIGITAL

Solis Minerals Ltd. has provided further details of the contract between Solis and S3 Consortium Pty. Ltd., trading as StocksDigital, in which StocksDigital will provide the company with marketing and investor communications services, as announced to the Australian Securities Exchange on July 5, 2023.

A key term of the StocksDigital mandate was the issue of 2.5 million shares to StocksDigital in consideration for the services to be provided by StocksDigital. As set out in the July announcement, the policies of the TSX Venture Exchange prohibit the issue of the StocksDigital shares as compensation in the nature of what was agreed between the parties under the StocksDigital mandate.

The company and StocksDigital have agreed to vary the terms of the StocksDigital mandate whereby the company will not issue the StocksDigital shares and instead compensate StocksDigital for its services in accordance with the following:

1. Issue 1.75 million unquoted options to StocksDigital subject to the terms and conditions set out in Schedule 1 to this announcement;
2. Pay $307,500 (Australian) to StocksDigital.

Other than the above-mentioned amendment to the consideration, the StocksDigital mandate otherwise continues in full force and effect.

An Appendix 3G for the StocksDigital options will be issued separately to this announcement.

Schedule 1 -- summary of key terms and conditions of StocksDigital options

The key terms and conditions of the StocksDigital options are as follows:

1. Entitlement: Subject to the terms and conditions set out below, each option entitles the holder on conversion to the issue of one fully paid common share in the capital of the company. Provided that a reference to a share may also be construed as a reference to a Chess depositary interest, with each such CDI representing one share.
2. Exercise price: The options have an exercise price of nine Australian cents each.
3. Expiry date: The options expire at 5 p.m. Perth time on Dec. 31, 2025. An option not exercised before the expiry date will automatically expire on the expiry date.
4. Vesting: The options granted will vest on a quarterly basis over the 12-month period following the date of issue of the options.
5. Exercise period: Each vested option is exercisable at any time and from time to time on or prior to the expiry date.
6. Voluntary escrow: Shares acquired upon the exercise of options may not be traded (whether on the ASX or any other securities exchange) and will be subject to a holding lock until May 30, 2025.

About Solis Minerals Ltd.

Solis Minerals is an emerging lithium explorer, focusing on Latin American critical minerals.

The company owns a 100-per-cent interest or an option to acquire a 100-per-cent interest in the Borborema lithium project in northeastern Brazil, covering 26,100 hectares.

In addition, Solis Minerals also holds a 100-per-cent interest in 35,700 hectares 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.

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