Vancouver - Solis Minerals Ltd. (ASX: SLM) (TSXV: SLMN) (FSE: 08W) ('Solis Minerals' or 'the Company') is pleased to provide an interim update in relation to the diamond drilling underway at the Company's Mostazal Copper Project in Chile ('Mostazal' or 'the Project').

Copper sulphides, sometimes locally abundant, have been observed during logging of the first two holes completed from surface down to 362m (in hole 1) and 444m (in hole 2), as part of an initial 2,000m diamond drilling program at the flagship Mostazal Copper Project in Chile. Solis' maiden drill program is targeting both near surface manto-style copper mineralisation and an interpreted primary copper porphyry mineralisation feeder structure at depth.

Drilling has encountered visible copper sulphide mineralisation in both of the first two holes completed (MODD001 and MODD002), comprising several mineralised zones from surface consisting of chalcocite+/-bornite occurring as amygdales, fracture fillings or in veinlets (with quartz-epidote-chlorite-calcite) and/or chalcopyrite.

Detailed logging of MODD001 indicates successful intersection of the targeted 'manto' type copper mineralisation from the surface with disseminated sulphides logged extending from surface to the end of the hole (362m) and from surface to at least 444m depth in MODD002. Individual 'mantos' are less than 2m thick and encountered in stacked packages that may reach approximately 10m in thickness. Final mineralised intervals remain to be defined based on pending assay results.

CEO Jason Cubitt commented: 'Drilling is progressing very well, with our first two drill holes now completed, and we are off to a fantastic start at Mostazal. These first drill holes were designed to test the near surface manto-style mineralisation encountered in the historic drilling, and our logging has confirmed the presence of widespread alteration and disseminated copper sulphide mineralisation throughout both holes.

'Assay sampling of MODD001 is now well underway, with an expected laboratory turnaround time of at least four weeks from the receipt of samples.

'The drill rig has now moved and commenced drilling at the third planned hole (MODD003). This drillhole is targeting the heart of the interpreted IP chargeability geophysical anomaly, which we believe may represent a feeder structure for the extensive manto-style copper mineralisation found closer to surface at Mostazal and drilled in our first two holes.'

Mostazal Copper Project

The Mostazal Copper Project is located 80 kilometres (km) northeast of Copiapo, Chile and within the Domeyko fault, which is a major structural control for some of the world's largest and most productive copper mines, including Chuquicamata and Escondida, and 40 km south of Codelco's El Salvador mine.

The initial phase of drilling comprises four holes for an estimated 2,000m of drilling and will initially target both porphyry and manto-style copper mineralisation as well as the interpreted feeder system (porphyry) structures at depth.

Drilling of the first two holes, MODD001 and MODD002, is complete to depths of 362m and 494.7m, respectively. The drill rig is now positioned at the third drill site to the south of MODD002 to commence hole MODD003. This third hole is designed to test a high chargeability anomaly which potentially represents the presence of a feeder system/ porphyry copper mineralisation.

MODD001 and MODD002 were designed to investigate the near surface copper manto-style mineralisation seen in previous drilling. Logging of drill core from both holes has shown widespread alteration of the host amygdaloidal porphyritic andesite host rock. Alteration assemblages logged include chlorite + epidote + albite +/- haematite, with logging also detailing zones of faulting and hydrothermal brecciation with quartz-chlorite epidote and jasper fillThe copper sulphide mineralisation consists of chalcocite-bornite +- chalcopyrite and lesser pyrite, and it is hosted in amygdales, veinlets/stringers, as part of the hydrothermal cement in volcanic breccias, or disseminated in the andesitic volcanic host rocks. The hydrothermal minerals related to the copper mineralisation include variable chlorite, quartz, calcite, epidote, albite, and locally, chalcedony.

Sampling of MODD001 is well underway, along with the finalisation of detailed looking and sample mark-up of MODD002. Samples are being sent to a local accredited laboratory in Chile for processing and analysis for precious and base metals, as well as a suite of pathfinder elements. Laboratory turnaround times have been estimated at a minimum of four weeks from receipt for assay results.

About Solis Minerals Ltd.

Solis Minerals is a Latin American-focused mining exploration company. The Company is earning into a 100% interest in the Mostazal Copper Project in Chile's Atacama Desert, one of the world's premier copper production jurisdictions. The Company also holds a 100% interest in a package of highly prospective IOCG (iron oxide copper/gold) and porphyry copper projects in southwestern Peru within the country's prolific coastal copper belt - a source of nearly half of Peru's copper production.

Contact:

Jason Cubitt

Tel: +01 (604) 209 1658

Forward-Looking Statements

This news release contains certain forward-looking statements, which relate to future events or future performance and reflect management's current expectations and assumptions. Such forward-looking statements reflect management's current beliefs and are based on assumptions made by and information currently available to the Company. All the forward-looking statements made in this news release are qualified by these cautionary statements and those in our continuous disclosure filings available on SEDAR at www.sedar.com. These forward-looking statements are made as of the date hereof and the Company does not assume any obligation to update or revise them to reflect new events or circumstances save as required by applicable law.

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