Solaris Resources Inc. - SLSR STOCK NEWS

Solaris Resources Inc. (TSX: SLS; NYSE: SLSR) has reported promising results from its Celestina target area, part of its ongoing district exploration program. The company has identified three parallel vein exposures near the original breccia outcrop, with follow-up rock chip sampling yielding high values of 16,019 g/t silver and 25.3 g/t gold. These findings suggest the presence of an underlying silver-gold-base metals vein system.

The exploration target at Celestina is conceptualized to be in the underlying volcanic rocks, which may support robust vein and fracture formation. Ongoing fieldwork aims to locate additional exposures and define the system's extent. Recent geotechnical drilling in other target areas has also encountered promising alteration, indicating potential for further discoveries.

Solaris Resources Inc. (TSX: SLS; NYSE: SLSR) has submitted an Environmental Impact Assessment (EIA) for the construction of the Warintza Project in southeastern Ecuador. The EIA, spanning over 3,000 pages, represents more than 3.5 years of work and aligns with international standards. To date, over US$170 million has been invested in the Project, with nearly 100% procurement through Ecuadorean supply chains and 55% from local cantons. The Project employs over 500 people and is a significant job creator in the region.

With this milestone, Solaris will draw the second tranche of US$15 million from its Offtake Credit Facility, maintaining a strong liquidity position of US$84 million. The company is also taking initial steps to emigrate to Ecuador, transitioning its head office to Quito and considering further alignment with local stakeholders and regulators.

Solaris Resources Inc. (TSX: SLS; NYSE: SLSR) has reported significant drill results from its ongoing 60,000m drilling program at the Warintza Project in Ecuador. The company has extended near-surface, high-grade mineralization to the north, northwest, and southeast of the Mineral Resource Estimate (MRE). Key highlights include:

- SLS-86: 57m of 1.11% CuEq within 105m of 0.88% CuEq from near surface
- SLS-84: 69m of 0.82% CuEq within 102m of 0.64% CuEq from near surface
- SLS-82: 69m of 0.77% CuEq within 249m of 0.38% CuEq from surface

The company is focusing on open lateral extensions of mineralization and converting waste through infill drilling. Step-out platforms have been constructed to test potential expansions to the northwest and southwest, which could significantly enlarge the MRE pit.

Solaris Resources Inc. (TSX: SLS; NYSE: SLSR) has successfully completed joint socialization programs for its initial exploration activities at the Warintza Project in southeastern Ecuador. The company has begun geotechnical drilling in the Caya-Mateo target and continues fieldwork in the Celestina epithermal gold/silver area. The socialization programs, attended by local communities and government representatives, focused on local hiring, training, and environmental management commitments.

Government delegates praised the transparency and community engagement in the process. Solaris aims to use this success as a template for broader ambitions in the northern Zamora belt, where it plans to secure a joint venture partner. The company's approach aligns with community values and demonstrates its commitment to responsible mining practices.

Solaris Resources Inc. (TSX: SLS; NYSE: SLSR) has appointed Arun Lamba as Vice President, Corporate Development, effective immediately. Mr. Lamba brings nearly 15 years of experience in financial services and capital markets covering the mining sector. He most recently served as Senior Mining Analyst at TD Cowen. Mr. Lamba is a Chartered Financial Analyst with an MBA from the Rotman School of Management and degrees in engineering and economics from Queen's University.

Daniel Earle, President & CEO, expressed enthusiasm about welcoming Lamba to the team, highlighting his expertise in project, market, and transaction analysis. This appointment aims to support Solaris' efforts to create value for shareholders around their flagship Warintza Project and other portfolio assets.

Solaris Resources (TSX: SLS; NYSE: SLSR) has reported an In-Pit Mineral Resources Estimate (MRE) for its Warintza Project in Ecuador. Key highlights include:

1. 909 Mt at 0.53% CuEq (Measured & Indicated) and 1,426 Mt at 0.37% CuEq (Inferred) at a 0.25% CuEq cut-off grade.

2. Higher-grade mineralization of 427 Mt at 0.71% CuEq (Measured & Indicated) at a 0.50% CuEq cut-off grade.

3. Ongoing 2024 drill program of 60,000m targeting open extensions and upgrading resources.

4. Concurrent district exploration for epithermal gold/silver and porphyry copper discoveries.

5. Pre-Feasibility Study (PFS) planned for H2/25.

Solaris Resources has announced promising results from its 2024 drilling program at the Warintza Project in Ecuador. Key findings include:

- SLSE-36: 148m at 0.72% CuEq within 325m at 0.51% CuEq.

- SLS-77: 108m at 0.70% CuEq within 273m at 0.57% CuEq.

- SLS-78: 78m at 0.70% CuEq within 114m at 0.65% CuEq.

- SLS-79: 78m at 0.60% CuEq within 248m at 0.50% CuEq.

- SLST-03: 312m at 0.62% CuEq within 1,028m at 0.30% CuEq.

These results, along with other findings, will be included in an updated mineral resource estimate expected this month. The 2024 drill program has been expanded to 60,000m across 140 holes to improve coverage. Solaris continues to focus on resource extension at Warintza Southeast, Patrimonio exploration, and technical drilling to support a pre-feasibility study in the second half of 2025.

Solaris Resources and the Warints and Yawi Shuar communities have addressed false claims made by anti-mining NGOs regarding the Warintza Project in Ecuador. The government has recognized these communities as the sole legal holders of their ancestral lands since 2002. The project has advanced to the Advanced Exploration phase, supported by successful community consultations and environmental assessments. Formal agreements, such as the Impact and Benefits Agreement, have been updated to reflect the project's growth. Solaris also signed a cooperation agreement with the Interprovincial Federation of Shuar Centers and the Alliance for Entrepreneurship and Innovation of Ecuador, reinforcing community support and rejecting NGO claims.

Solaris Resources has announced significant assay results from its regional exploration near the Warintza cluster in southeastern Ecuador. Sampling in the newly discovered southern area returned up to 11,570 grams per tonne (g/t) of silver and 12.3 g/t of gold across a 30cm breccia outcrop. Ongoing exploration has expanded the area of interest several kilometers south of the Caya-Mateo area. The company plans to initiate exploration drilling in late Q3/24 or early Q4/24. Initial sampling has indicated high concentrations of epithermal pathfinder elements over a 1km by 2km area. Detailed mapping and sampling are in progress, and follow-up programs in the Caya-Mateo area are scheduled to start in July. Solaris uses rigorous QA/QC protocols to ensure the reliability of the data, verified by a qualified professional geologist.