Mr. Chris Gale reports

SOLIS MINERALS ANNOUNCES MITCH THOMAS APPOINTED AS CHIEF EXECUTIVE OFFICER AND MIKE PARKER TO TRANSITION TO TECHNICAL DIRECTOR

Solis Minerals Ltd. has appointed Mitch Thomas as chief executive officer.

As the former chief financial officer of Latin Resources Ltd. and CFO, battery materials, for Rio Tinto, Mr. Thomas has deep corporate, commercial and project development experience. Additionally, he has worked extensively in South America, including three years in Peru working for Rio Tinto, supporting the La Granja copper project. He worked in Rio Tinto's London M&A (mergers and acquisitions) team focused on copper. More recently, he played an instrumental role in the divestment of Latin Resources' Salinas lithium project in Brazil to Pilbara Minerals Ltd. for $600-million (Australian) (1). Mr. Thomas is a qualified accountant and has an MBA from the University of Melbourne.

Mike Parker, who has been an executive director since August, 2024, will transition his directorship to a predominant technical focus. Mr. Parker is a geologist by training and has been a member of the AusIMM for 16 years. He held senior country manager positions with First Quantum Minerals and was responsible for two major copper discoveries: the Lonshi and Frontier Copper Mines. From 2011 to 2017, Mr. Parker was country manager for FQM in Peru, responsible for the design and implementation of FQM's corporate strategy in Latin America. He has a BSc in mining geology (honours) from the University of Leicester in the United Kingdom.

Formal commencement is expected in March, 2025.

Non-executive chairman Chris Gale commented:

"We are delighted to welcome Mitch Thomas to Solis Minerals. Mitch has a proven track record of supporting early-stage and large-scale mining projects in South America to deliver shareholder value. We are very excited about the extensive drilling campaign in 2025 that will take place across our copper-rich tenement package in southern Peru. We are confident that Mitch, Mike Parker and the whole Solis team will position Solis Minerals for success in 2025 and beyond.

"We also thank Mike Parker for his leadership over the past six months and for accepting the position of technical director in Peru. The extensive work in identifying drill-ready targets and adding more tenements to our now 66,000-hectare tenement package in southern Peru has placed Solis Minerals in a commanding position in what is one of the most attractive copper provinces globally."

(1) Refer to the news release (Australian Securities Exchange) dated Aug. 14, 2024 (value quoted at time of announcement).

Summary of key terms and conditions:

• Position: chief executive officer of Solis Minerals;
• Commencement: expected March, 2025;
• Term: continuing basis with termination notice provisions and probation period;
• Remuneration: $300,000 (Australian) plus statutory superannuation contributions.

A performance rights package has been agreed on the vesting conditions noted in the attached table and subject to shareholder approval. All performance rights have an expiry date of three years from the date of issue. The performance rights package is subject to TSX Venture Exchange review and approval.

About Solis Minerals Ltd.

Solis Minerals is an emerging exploration company, focused on unlocking the potential of its South American copper 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 81 exploration concessions for a total of 69,200 hectares (46 concessions granted with 35 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 copper opportunities. South America is a key player in the global export market for copper and Solis, under its leadership team, is strategically positioned to capitalize on growth opportunities within this mineral-rich region.