Mr. Michael Parker reports

SOLIS EXPANDS PERUVIAN COPPER EXPLORATION PORTFOLIO WITH CANYON PROJECT

Solis Minerals Ltd. has provided an update on exploration activities in Peru.

Highlights:

• Large, new 25,600-hectare project prospective for porphyry copper mineralization;
• Canyon project is located 675 kilometres northwest of Ilo Este in Coastal intrusive belt;
• New project is bracketed along strike by porphyry copper occurrences;
• Application made for 27 exploration concessions, providing low-cost entry;
• Chancho al Palo drilling to commence by year-end.

Solis has made applications for 27 exploration concessions, totalling 25,600 hectares, in a contiguous block known as the Canyon project. The target is copper porphyry mineralization, principally oxides, situated on a northwest-southeast prospective trend with known porphyry occurrences just outside the application area as well as reported exploration activities within the area itself.

The application area contains a belt of intrusive rocks known as the Coastal batholith, which stretches from the Ecuadorean border in the north to the Chilean border in the south along the coast of Peru.

Michael Parker, executive director of Solis, commented: "This is a significant opportunity for Solis to continue exploring for copper in its area of expertise -- the intrusive belts of the coast of Peru. This large prospective block is bracketed by porphyry copper projects along strike, which are localized by cross-faulting.

"In the application area, similar structures were identified in previous exploration, which will be the immediate area of focus. The relative lack of cover rocks will enable us to use geochemistry as a rapid and efficient tool to focus in on follow-up areas. Our focused staking strategy is the most cost-effective way of adding to our exploration pipeline.

"In addition, we believe this area adds another element to our copper strategy in providing an opportunity to explore for near-surface heap-leachable copper oxide resources that offer relatively less expensive and easier fast-track copper production."

These rocks, of late Jurassic to Cretaceous age, host (from south to north) Solis's Ilo projects (Ilo Este, Guaneros and Chancho Al Palo) as well as important copper deposits of Tia Maria and Zafranal in Arequipa, the Almacen prospect eight kilometres southeast of the applications, the Los Pinos project four kilometres northwest, plus several other copper projects and prospects. Additionally, the concessions are bound to the east by the operating Cerro Lindo VMS (volcanogenic massive sulphide) mine.

The application area is approximately 22 kilometres by 12 kilometres and the geology predominantly consists of granodiorite and tonalite. These intrusive rocks dip steeply to the west with structures aligned along northwest-southeast strike. Prominent high-angle faults cut across strike and seem to localize the occurrences of porphyry-style mineralization within the intrusive rocks.

Rapid reconnaissance in zones of interest will consist of geological mapping and geochemistry sampling, commencing in areas of previously reported exploration. In the medium term, remote sensing will be used to vector further exploration. Targets identified will be permitted and incorporated into Solis's project pipeline (see attached table).

Exploration and drilling pipeline

Solis is advancing its portfolio of targets in the Coastal belt of Peru to targeted drilling programs as shown in the attached table.

About Solis Minerals Ltd.

Solis Minerals is an emerging exploration company, focused on unlocking the potential of its South American critical minerals portfolio. The company is building a significant copper portfolio around its core tenements of Ilo Este and Ilo Norte and elsewhere in the Coastal belt of Peru and currently holds 77 exploration concessions for a total of 66,100 hectares (40 concessions granted with 37 applications in process). The company is led by a highly credentialled and proven team with excellent experience across the mining life cycle in South America. Solis is actively considering a range of new opportunities across varied commodities and jurisdictions. South America is a key player in the global export market for critical minerals and Solis, under its leadership team, is strategically positioned to capitalize on growth the opportunities within this mineral-rich region.

Qualified person statement

The technical information in this news release was reviewed by Michael Parker, a fellow of the Australasian Institute of Mining and Metallurgy (AusIMM), a qualified person as defined by National Instrument 43-101.

Competent person statement

The information in this Australian Securities Exchange release concerning geological information and exploration results is based on and fairly represents information compiled by Mr. Parker, a competent person who is a fellow of the Australasian Institute of Mining and Metallurgy. Mr. Parker is an employee of Solis Minerals and has sufficient experience that is relevant to the style of mineralization and types of deposit under consideration and to the exploration activities undertaken to qualify as a competent person as defined in the 2012 edition of the Australian Code for Reporting of Mineral Resources and Ore Reserves. Mr. Parker consents to the inclusion in this report of the matters based on information in the form and context in which it appears. Mr. Parker has provided his prior written consent regarding the form and context in which the geological information and exploration results and supporting information are presented in this announcement.

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