Mr. Mitch Thomas reports

SOLIS ANNOUNCES: DIAMOND DRILL RIG ARRIVES AT CHANCHO AL PALO, PERU

Solis Minerals Ltd. has provided an update pertaining to its 100-per-cent-owned Chancho al Palo project in Peru.

A diamond drill rig has arrived at Chancho al Palo supported by leading local drilling company AKD International. The Chancho al Palo diamond drill program comprises approximately 2,500 metres across several priority targets, designed to test multiple anomalies identified during surface mapping, sampling and geophysics (1).

Chief executive officer Mitch Thomas commented: "The company is pleased to report that the drill rig has safely arrived at Chancho al Palo. This will be the first time the concession has been drilled, and we're targeting a series of compelling porphyry and IOCG anomalies identified through geochemical and geophysical work.

"Importantly, Chancho al Palo is located 10 kilometres from the coast and 25 kilometres from Southern Copper's smelter and refinery complex. Southern Copper is Peru's largest copper producer and holds tenements adjacent to Chancho al Palo, further validating the geological potential of the area.

"We expect assay results in July, 2025, and look forward to building on this momentum with drilling at Ilo Este, anticipated to commence in June, pending final permits. I am travelling to Peru this weekend to oversee commencement of drilling at our Chancho al Palo and Ilo Este projects.

"It's an exciting period as we systematically test high-priority targets across our Peruvian portfolio."

(1) Refer to the Australian Securities Exchange announcement on April 29, 2024, "Exploration update for Peru, Borborema, Brazil."

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 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, a qualified person as defined by National Instrument 43-101. Mr. Parker is technical director of the company.

Competent person statement

The information in this ASX release concerning geological information and exploration results is based on and fairly represents information compiled by Michael Parker, a competent person who is a fellow of the Australasian Institute of Mining and Metallurgy. Mr. Parker is technical director of Solis and has sufficient experience which 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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