Mr. Mitch Thomas reports

SOLIS ANNOUNCES DRILL RIG MOBILISED TO CHANCHO AL PALO, PERU

Solis Minerals Ltd. has provided updates pertaining to three of its copper-gold projects in Peru.

Highlights

• 2,500-metre diamond drilling program to commence at Chancho al Palo, targeting a range of porphyry and iron-oxide-copper-gold (IOCG) targets;
• Ilo Este mining agency drill permit approved, with a diamond drilling program expected to commence in June, 2025, targeting highly prospective copper targets;
• Induced polarization (IP) survey at the Cinto copper-gold project near completion.

Chancho al Palo project

Drilling will commence at Solis Minerals' 100-per-cent-owned Chanco al Palo copper-gold project in Peru. A diamond drill rig has been mobilized to site at Chancho al Palo, located in the same coastal copper belt as AusQuest's (Australian Securities Exchange: AQD) Cangallo project and Southern Copper's (New York Stock Exchange: SCCO) Tia Maria project.

The Chancho al Palo diamond drill program comprises approximately 2,500 metres across several priority targets, designed to test multiple coincident anomalies identified during recent surface mapping, sampling and geophysics.

This will be the first drilling of Chancho al Palo and represents a major milestone in Solis Minerals' strategy to explore and unlock value across its portfolio of underexplored copper-gold projects in southern Peru. The drill program will commence over the next few days.

Ilo Este and Cinto projects

The Ministry of Energy and Mines of Peru (MINEM) has recently approved the drill permit for Ilo Este (100 per cent Solis Minerals and located 20 kilometres from Chancho al Palo). Remaining approvals are being finalized with a 5,000-metre diamond drilling program expected to commence in June, 2025.

An IP survey at the company's Cinto project (100 per cent Solis Minerals) is nearing completion. The Cinto project neighbours Southern Copper's Toquepala copper-gold mine which has been in production since 1960 producing 225,000 tonnes of copper in 2024. Cinto hosts copper-gold mineralization at surface that is considered to be consistent with Toquepala. Results from the IP survey are expected in June, 2025.

Chief executive officer Mitch Thomas commented:

"We are excited to launch our maiden drill campaign at Chancho al Palo, a project with significant potential in one of the world's premier copper-producing regions.

"Our team has worked diligently to define high-priority targets, and we look forward to delivering the first-ever drill results from this highly prospective system in the coming weeks. These results will be complemented by the commencement of drilling at Ilo Este and the completion the IP program at Cinto. We are committed to maintaining a strong and consistent news flow across our high-quality copper-gold portfolio."

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 concessions totalling 69,200 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 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 (NI 43-101). Mr. Parker is technical director of the company.

We seek Safe Harbor.