Solis Minerals Limited announced an update on the recently completed drilling programme at both the Estrela and Mina Vermelha prospects in Borborema, Brazil. Estrela Prospect: Fifteen drillholes (for 2,082m drill core) have been completed into the Estrela targets with a total of six different pegmatite bodies tested down to depths of up to 204m below surface. No significant Lithium assays were reported from the first four drillholes analysed with the highest lithium values reported as 0.07% Li2O from 89.2 to 90.2m downhole in ESDDH00001.

Mina Vermelha Prospect: Eight drillholes have been completed (with one hole abandoned) for this programme (for 1,609m drill core). The Mina Vermelha drilling tested a 2km long strike of known pegmatites. Four drillholes have been assayed with no significant lithium assays received to date.

All the major outcropping mineralised bodies have now been tested and no further exploration drilling is planned for the immediate future. Geochemical sampling programme: GMT exploration services have completed approximately 50% of the major regional geochemical soil programme in northern Borborema Province. 270 samples have been submitted with a further 300 now prepared and ready for submission for Inductively Coupled Plasma (ICP) analysis.

Assay results will be used to assist identification of new drill targets within the Company's large tenement holding in the northern Borborema province. The programme is scheduled to be completed in early 2024. Next Steps: Assays are expected to be received in February for the remaining 16 drill holes sampled in the recent campaign on the Estrela and Mina Vermelha projects.

Results of the soil geochemical assays are expected in March 2024. The Company continues to review other exploration projects across a suite of minerals in Brazil and elsewhere and will update the market at the appropriate time.