• An early-stage Freeport-McMoRan, focused on developing a major new copper deposit.
• Think of it as a small, pre-production BHP Group or Rio Tinto, but exclusively focused on developing one massive copper project.
• Similar to an early-stage oil and gas explorer aiming to discover and develop a giant new oil field, but Solaris is focused on copper.

• Copper Deposit Development: Solaris Resources specializes in the exploration, delineation, and advancement of large-scale copper-gold deposits, with its flagship Warintza project in Ecuador.
• Mineral Resource Delineation: The company identifies and quantifies significant mineral resources (e.g., copper, molybdenum, gold, silver) within its properties through extensive drilling and geological modeling.
• Mining Project De-risking: Solaris undertakes technical and economic studies to assess the potential viability of its mineral projects, thereby reducing risk and attracting future investment for mine construction and operation.

Solaris Resources (SLSR)

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Matthew Rowlinson, President & CEO

Matthew Rowlinson was appointed President and CEO of Solaris Resources effective January 1, 2025. He possesses extensive experience from senior executive roles within Glencore's copper department spanning eleven years. Since 2021, he served as Head of Copper Business Development, where he was jointly responsible for the strategic direction of one of the sector's largest copper portfolios and executed multiple public and private M&A transactions, including Glencore's consolidation of the MARA project. Rowlinson joined Glencore in 2013 as an asset manager for Latin America and later served as Chief Financial Officer for Copper Americas. He began his career with Ernst & Young as an auditor and is a qualified Chartered Accountant with an MBA. He also holds the position of Non-Executive Chair of Moranda Metals, a private Canadian mining growth company.

Richard Hughes, Chief Financial Officer & Company Secretary

Richard Hughes was appointed Chief Financial Officer and Company Secretary of Solaris Resources, effective January 8, 2025. He brings over 20 years of experience in the natural resources sector with a strong track record in value creation, capital markets, and corporate finance. Hughes most recently served as CFO and Executive Director of Trident Royalties PLC from September 2022 until its acquisition in late 2024. Prior to joining Trident, he founded an independent consultancy providing corporate finance advisory services to mining and royalty finance companies. From 2010 to 2018, he was a senior member of the Metals and Mining Investment Banking team at RBC Capital Markets in London.

Javier Toro, Chief Operating Officer

Javier Toro serves as the Chief Operating Officer for Solaris Resources, a role he assumed in January 2024. He is a Mining Engineer with over 25 years of experience in leading the design and execution of engineering and economic studies for global-scale open-pit copper projects across the Americas. Before joining Solaris, Mr. Toro worked with Hudbay Minerals for more than 11 years, progressing through various senior capacities, most recently as Vice President, Mining Technical Services.

Jorge Fierro, Vice President, Exploration

Jorge Fierro has over 22 years of exploration experience in South America. He has been the Vice President, Exploration for Solaris' portfolio of assets since 2015, having joined the predecessor company, Lowell Mineral Exploration. Prior to this, Mr. Fierro spent six years as CIC Resources' General Manager for South America and two years as Rio Tinto's Mining & Exploration Country Manager for Peru. He also worked for 10 years with BHP Billiton in various roles, including Northern Andes and Peru Exploration Manager, and Chief Mine Geologist for the Tintaya copper mine, where he was part of the team that discovered the Antapaccay porphyry copper mine in Southern Peru.

Patrick Chambers, Vice President, Business Development & Investor Relations

Patrick Chambers was appointed Vice President, Business Development & Investor Relations, effective January 8, 2025. He has 12 years of experience focused on Latin America across various commodities. Chambers began his career as an exploration geologist with Fresnillo PLC in Mexico, subsequently moving into a corporate finance role before transitioning to their investor relations team in London. Most recently, he served as Head of Investor Relations at Horizonte Minerals.

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Solaris Resources (symbol: SLSR) primarily operates in the copper and gold markets, with its flagship Warintza project in Ecuador focused on copper-gold-molybdenum deposits. The company also has interests in other projects exploring for additional metals such as lead, zinc, and silver.

The addressable market sizes for their main products are as follows:

• Copper: The global copper market size was estimated at approximately USD 241.88 billion in 2024 and is projected to reach around USD 339.95 billion by 2030. Other estimates for the global copper market size in 2024 range from USD 236.09 billion to USD 333.15 billion, with projections to reach between USD 362.28 billion by 2032 and USD 548.20 billion by 2034.

• Gold: The global gold market was valued at approximately USD 291.68 billion in 2024 and is projected to reach USD 400 billion by the end of 2030. Another projection estimates the global gold market to reach USD 457.91 billion by 2032.

Solaris Resources (SLSR) is expected to drive future revenue growth over the next 2-3 years primarily through the advancement of its flagship Warintza copper-gold project in Ecuador and favorable market dynamics for its key commodities.

1. Advancement and Eventual Initiation of Production at the Warintza Project: The most significant driver of future revenue growth for Solaris Resources is the progression and eventual commencement of commercial production at its Warintza copper-gold project. A recently released pre-feasibility study (PFS) in November 2025 highlighted robust project economics, including an estimated 22-year mine life and substantial initial copper output. The study projects average annual copper equivalent production of over 300,000 tonnes in the first five years and over 240,000 tonnes during the first 15 years, which would directly translate into significant revenue once production begins.
2. Expansion of Mineral Resources and Mine Life at Warintza: Ongoing drilling programs and the inclusion of areas like Warintza West in future resource estimates are expected to further expand the project's mineral resources. The 2025 Mineral Resource Estimate (MRE) already incorporated a 312% increase in Measured plus Indicated Mineral Resources, indicating a growing production potential beyond the current PFS scope. This expansion provides a larger, longer-lasting foundation for future revenue streams.
3. Favorable Global Commodity Prices for Copper and Gold: As a copper-gold exploration and development company, Solaris Resources' future revenue will be highly sensitive to global commodity prices. Analysts and company statements point to a bullish outlook for copper demand, driven by global green energy infrastructure spending, and continued strength in gold as a safe-haven asset. These favorable market dynamics are anticipated to result in higher prices for the metals produced, directly boosting revenue per unit sold.
4. Successful Completion of Permitting and De-risking Milestones: The successful navigation of the permitting process, including the submission of the final Technical Environmental Impact Assessment (EIA) for government review and the anticipated Free, Prior and Informed Consultation (FPIC) process, is crucial for the Warintza project. These milestones are essential for de-risking the project, enabling a Final Investment Decision (FID), and ultimately keeping the project on track for construction and subsequent revenue-generating operations.

Share Issuance

• On June 10, 2024, Solaris Resources Inc. completed a bought deal equity offering, issuing 8,222,500 common shares at C$4.90 per share, raising aggregate gross proceeds of C$40,290,250.
• Concurrently with the bought deal, the company issued 2,795,102 common shares on a private placement basis at C$4.90 per share, generating aggregate gross proceeds of C$13,696,000 (US$10,000,000).
• The net proceeds from these issuances are designated to fund an expanded exploration and infill drilling program at the Warintza Project in Ecuador, support enhanced regional exploration activities, and cover general corporate purposes.

Inbound Investments

• Solaris Resources entered into US$200 million financing agreements with Royal Gold in May 2024 to advance its flagship Warintza Project.
• A portion of these financing agreements included a drawdown of the second equity tranche, which involved a private placement of shares for US$10,000,000 (C$13,696,000) on June 10, 2024.

Capital Expenditures

• In the last 12 months, Solaris Resources reported capital expenditures of approximately -$3.48 million (US$) or -$4.75 million (CAD$).
• The primary focus of capital expenditures and proceeds from recent financings is on advancing the Warintza Project in southeastern Ecuador through expanded exploration and infill drilling, as well as enhanced regional exploration across new concessions.
• The company's projects, which are the focus of its capital allocation, include the Warintza project in Ecuador, the Tamarugo and Ricardo properties in Chile, the La Verde project in Mexico, and the Capricho and Paco Orco projects in Peru.