Mr. Mitch Thomas reports

SOLIS ANNOUNCES SUCCESSFUL CLOSING OF TRANCHE 2 PLACEMENT

Solis Minerals Ltd. has closed tranche 2 of its placement, issuing a total of 30,979,957 CHESS depositary interests over common shares at 8.5 Australian cents per new share along with 26,470,627 unlisted options exercisable at 16 Australian cents with a two-year term, to raise gross proceeds of $2,633,296.35 (Australian).

Assisting brokers received, in aggregate, fees of 6 per cent of the funds raised under the placement, being a total of $145,697.78 in connection with the closing of tranche 2. The brokers will also receive 12,632,353 unlisted options exercisable at 14.875 Australian cents with a three-year term.

Tranche 2 of the placement was approved by shareholders at a special shareholder meeting of the company held April 16, 2025.

A further 294,118 CDIs at 8.5 Australian cents per new share along with 147,059 unlisted options exercisable at 16 Australian cents with a two-year term are being issued on the same terms for aggregate cash proceeds of $25,000 (Australian). The company's total issued equity capital posttranche 2 allotment is 141,080,178 shares.

Additionally, the company has issued six million performance rights to its chief executive officer and 6.8 million performance rights to its directors with the terms and conditions disclosed under schedules 4 and 5, respectively, of the notice of special meeting released to the Australian Securities Exchange on March 19, 2025.

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 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. Solis holds 81 concessions totalling 69,200 hectares. Forty-seven concessions are granted (39,000 hectares), and 34 concessions are being processed (30,200 hectares).

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.