SOLARIS RES INC - SLSSF STOCK NEWS

Solaris Resources Inc. (OTCQB: SLSSF) has successfully raised approximately C$30.4 million through the exercise of common share purchase warrants. Additional warrant expiries in late 2022 and early 2023 could generate C$54.1 million if fully exercised, with about 63% held by management. CEO Daniel Earle announced efforts to expand high-grade mineralization at the Warintza Central site and explore nearby discoveries. The company is poised for growth, focusing on drilling to enhance resource estimates while maintaining adequate funding through mid-2023.

Solaris Resources Inc (TSX: SLS; OTCQB: SLSSF) has announced an updated mineral resource estimate for the Warintza Central deposit in Ecuador. The estimate includes 579 million tonnes of indicated resources at 0.59% copper equivalent and 887 million tonnes of inferred resources at 0.47% CuEq. A significant component includes an 'Indicative Starter Pit' with high-grade mineralization. Ongoing drilling aims to expand resources, targeting high-grade extensions. The project benefits from favorable logistics and infrastructure, enhancing its development potential.

Solaris Resources Inc. (TSX: SLS; OTCQB: SLSSF) announced new assay results from drilling at its Warintza Project in Ecuador, confirming continuity of mineralization between Warintza Central and Warintza East. Significant findings include:

• SLSE-04 reported 616m at 0.63% CuEq
• SLSE-08 returned 536m at 0.43% CuEq
• 62 holes completed at Warintza Central; 54 have assays reported

An updated mineral resource estimate is anticipated in April.

Solaris Resources reports significant assay results from its Warintza Project in Ecuador. Additional drilling has successfully expanded the northeast and southeast extensions of the project, revealing high-grade near-surface mineralization. Notable results include 356m of 0.73% CuEq from SLS-54 and 482m of 0.62% CuEq from SLS-52. The company is currently conducting follow-up and step-out drilling, with plans for further exploration. An updated mineral resource estimate for Warintza Central is expected in April 2022.

Solaris Resources Inc (OTCQB: SLSSF) has signed a Memorandum of Understanding (MOU) with Electric Corporation of Ecuador (CELEC EP) to supply low-cost hydroelectric power to the Warintza Project in Ecuador. This initiative aims to support the Ecuador Zero Carbon Program by using renewable energy for mining operations. Solaris is studying electrification for infrastructure and equipment to enhance efficiencies, reduce costs, and lower emissions. The MOU aligns with the government's goals for national industry electrification.

Solaris Resources Inc. reported significant assay results from its Warintza Project in Ecuador, expanding the defined envelope of mineralization. Notable findings include:

• SLS-42: 740m of 0.60% CuEq from 52m depth.
• SLS-49: 396m of 0.70% CuEq from 50m depth.
• SLS-48: 100m of 1.64% CuEq, the highest-grade intersection to date.
• SLS-45: 236m of 0.56% CuEq from 44m depth.

With 58 holes completed and 49 assays reported, the Company anticipates an updated mineral resource estimate in late Q1 2022 or early Q2 2022.

Solaris Resources Inc. (OTCQB: SLSSF) announced a significant copper mineralization discovery at the newly drilled Warintza South target in Ecuador. The maiden drill hole, SLSS-01, revealed 606 meters of 0.41% CuEq and a total interval of 755 meters at 0.36% CuEq, indicating strong potential for a large-scale porphyry system. Warintza South is substantially larger than Warintza Central, with dimensions of approximately 2.5km x 2.0km x 0.7km. Ongoing mapping and sampling efforts will inform future drilling aimed at refining the target.

Solaris Resources Inc. announced positive assay results from its ongoing drilling at the Warintza Project in Ecuador. The latest findings from five additional holes have expanded the Warintza Central area, continuing to show strong mineralization. Key results include:

• SLS-37: 868m of 0.58% CuEq from 28m depth
• SLS-39: 915m of 0.56% CuEq, including 368m of 0.73% CuEq
• SLS-40: 1,048m of 0.46% CuEq from surface
• SLS-41: 592m of 0.52% CuEq from surface

The project remains open for expansion, with further drilling planned for January.

Solaris Resources Inc has announced plans to transfer its non-core assets in Ecuador, Peru, Chile, and Mexico to a new subsidiary named Solaris Exploration Inc. This internal re-organization includes a proposed spin-out of 100% of Solaris Exploration shares to existing shareholders. The aim is to allow Solaris to focus on advancing its Warintza Project in Ecuador while providing long-term value to shareholders through Solaris Exploration. The spin-out will require a shareholder vote, and the company anticipates applying for a public listing for Solaris Exploration post-spin-out.