Solis Minerals Ltd. provided updates on Mostazal drilling in Chile. The Mostazal property is located 80 kilometres (km) northeast of Copiapo, Chile and within the Domeyko fault - 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 first program of drilling will total approximately 2,900 meters diamond drilling in two phases, is expected to commence in mid-January continuing through until mid-March, and will initially target both porphyry and manto-style copper mineralization.

As well as testing the copper at near surface, the Company intends to undertake the first-ever drill testing of an interpreted porphyry feeder system underlying a 4 km by 2.5 km, north-south-trending, belt of outcropping copper mineralization, small-scale mine workings, and geochemical and geophysical anomalies. Four main target areas have been identified on the basis of historical drilling, geochemical and geophysical surveys, and structural interpretation and modelling. The Mostazal West target (Target Area 1) is located immediately west of stacked copper- bearing manto lenses and is characterized by the presence of a magnetic low and chargeability high geophysical anomalies.

The Company is targeting a potential source of copper mineralization beginning at a depth of 300 meters - about 100 meters deeper than prior drilling and immediately adjacent to the area of recent exploitation. The Central target (Target Area 2) is located immediately beneath known manto copper lenses where historical, relatively shallow drilling (Figure 1) to a depth of approximately 150 meters, has encountered wide zones of high-grade copper mineralization. The Company is targeting to penetrate though stacked copper-bearing manto lenses to test for an interpreted buried porphyry/feeder structure beginning at a depth of approximately 300 meters.

Selected significant intersections from historic drilling at the Mostazal Copper Project: DDH-MZ-08: 16m @ 1.48% Cu from 56m, DDH-MZ-10: 13m @ 1.23% Cu from 91m, DDH-MZ-13: 8m @ 1.83% Cu from 55m, DDH-MZ-27: 10m @ 1.59% Cu from 40m, DDH-MZ-30: 16m @ 1.27% Cu from 74m and DDH MZ-32: 11m @ 2.52% Cu from 84m.