Mr. Mitch Thomas reports

SOLIS ANNOUNCES DRILLING TO COMMENCE AT CHANCHO AL PALO, PERU

Solis Minerals Ltd. has received permits to commence drilling at its Chancho al Palo project in southern Peru. The program will begin with approximately five drill holes, totalling 2,500 metres, with scope for expansion.

Highlights

• Solis Minerals has received approvals to commence drilling at its copper-gold project Chancho al Palo (100-per-cent ownership) in Peru.
• Leading Peruvian drilling contractor to commence a 7,500-metre diamond drilling campaign of copper-gold targets. Drilling is anticipated to begin imminently.
• Drilling permits for the company's other drill-ready target, Ilo Este (100 per cent), are expected in the coming weeks.
• Assay samples will be processed at ALS Global's laboratory in Lima, Peru, a leading facility in geochemical analysis.
• The commencement of drilling at Chancho al Palo, followed by Ilo Este, alongside continued target identification across the company's highly prospective copper-gold projects, is expected to generate strong news flow throughout 2025.
• Solis Minerals is committed to its objective of identifying copper-gold resources that have potential to host large-scale mining in one of the world's leading copper producing regions.

The commencement of drilling firstly at Chancho al Palo, and shortly Ilo Este, delivers on commitments made in support of the recently announced placement of $4.5-million (Australian). The company plans to drill these targets in parallel once all approvals have been granted which will provide a period of strong news flow in support of Solis Minerals' objective of identifying copper-gold resources in southern Peru that have the potential to host large-scale mining.

Solis Minerals' exploration drill targets are located near the coast, exhibit promising mineralization at surface -- particularly Ilo Este, and benefit from access to critical infrastructure essential for future mining operations. Elevations do not exceed 1,100 metres. The region hosts several major international copper mining companies in production or with advanced projects including Southern Copper, Teck and Anglo American. The company's targets are analogous to AusQuest Ltd.'s (ASX: AQD) Cangallo exploration prospect in southern Peru where wide zones of copper mineralization have been discovered.

Chief executive officer Mitch Thomas commented:

"Drilling commencement at Chancho al Palo marks the start of an exciting phase of growth for the company. Following 12 months of detailed technical and permitting work by the experienced Solis Minerals team, targets will now be tested through a diamond core drilling program of up to 7,500 metres in Southern Peru.

"Chancho al Palo and Ilo Este exhibit strong potential to contain large scale porphyry and iron-oxide-copper-gold (IOCG) systems consistent with nearby operating mines. Solis Minerals expects to deliver a steady stream of updates over the next two to four months as assay results become available.

"With copper prices nearing $10,000 (U.S.) per tonne and gold surpassing $3,000 (U.S.) per ounce --both near all-time highs -- this is an optimal time for exploration. We aim to leverage this strong macroeconomic environment to drive shareholder value."

Chancho al Palo (100 per cent)

The project comprises four contiguous concessions situated within the Southern Coastal belt of Peru. Geophysical surveys, including drone magnetometry and induced polarization (IP) studies, have identified significant chargeability targets, with albeit limited surface exposure confirming copper mineralization. Two primary mineralization styles have been identified: (i) the western section of the project area is prospective for IOCG mineralization, (ii) while the eastern section demonstrates potential for porphyry-style mineralization.

Next steps

Drilling is expected to commence shortly at Chancho al Palo. A leading local drilling company has been engaged. Assaying will be carried out at ALS Global in Lima, Peru.

In parallel, permit approvals to commence drilling 5,000-metre program at Ilo at Este are being finalized. These are expected as soon as the end of April, 2025. Drilling is then planned take place concurrently between Chancho al Palo and Ilo Este following granting of all approvals. This maiden drilling program delivers on Solis Minerals objective of identifying copper-gold resources that have potential to host large-scale mining in one of the world's leading copper producing regions.

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 Southern Coastal belt of Peru and currently holds 81 concessions totalling 69,200 hectares. Forty-seven concessions are fully granted (39,000 Ha) and 34 concessions are being processed (30,200 Ha).

The company is led by a highly credentialled and proven team with excellent experience across the mining life cycle in South America. Solis Minerals is actively considering a range of copper opportunities. South America is a key player in the global export market for copper and Solis Minerals, 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 Australian institute of Mining and Metallurgy (AusIMM), a qualified person as defined by National Instrument 43-101. Mr. Parker is technical director of the company.

We seek Safe Harbor.