HCH.V · 2026-02-16 12:00:00

Shallow High-Grade Cu-Au Results Continue at La Verde Deeper Drilling Continues to Drive Expansion of High-Grade Core Core photo from DKD039 (709m downhole) showing vein-hosted and disseminated chalcopyrite (~3%) and pyrite

Exploration Programs

Shallow High-Grade Cu-Au Results Continue at La

Verde

Deeper Drilling Continues to Drive Expansion of High-Grade Core

Core photo from DKD039 (709m downhole) showing vein-hosted and disseminated chalcopyrite (~3%) and pyrite

(~2%) mineralisation in strongly veined tonalite host rock, assay results expected April 2026(1) (CNW Group/Hot

Chili Limited)

Highlights

Near-surface, higher-grade drill results continue at the La Verde copper-gold porphyry discovery,

outlining a potential higher-grade starter pit for

the Company's

Costa Fuego

copper-gold project, located

Chile's

coastal range

DKD036 recorded

150 m

grading 0.52% CuEq

(0.37% Cu, 0.21 g/t Au)

from

30 m depth

Including

38 m

grading 0.70% CuEq (0.55% Cu, 0.21 g/t Au) from

117 m

DKD035 recorded

220 m

grading 0.47% CuEq (0.37% Cu, 0.14 g/t Au)

from

38 m depth

Including

68 m

grading 0.64% CuEq (0.52% Cu, 0.15 g/t Au) from

187 m

Latest results add to nine previously recorded significant drill intersections, which underpin a

rapidly

emerging, shallow zone of higher-grade copper-gold mineralisation at La Verde

Strong chalcopyrite-rich, copper porphyry style mineralisation visually recorded over approximately

150m

downhole width in current drillhole DKD039,

significantly expanding La Verde's high-grade core at

depth

Double-shift diamond drilling continuing,

second drill rig (Reverse Circulation ("RC")) expected to

commence soon

_______________________________

Visual estimates of mineral abundance should never be considered a proxy or substitute for laboratory analyses where concentrations or grades are the factor of principal economic interest. Visual

estimates also potentially provide no information regarding impurities or deleterious physical properties relevant to valuations. Assay results are pending and will be reported in accordance with the JORC

Code (2012) and National Instrument 43-101 – Standards of Disclosure for Mineral Projects. Sampling methodologies are described in the attached JORC Table 1.

Copper Equivalent (CuEq) reported for the drillhole intersections were calculated using the following formula: CuEq% = ((Cu% × Cu price 1% per tonne × Cu_recovery) + (Mo ppm × Mo price per g/t ×

Mo_recovery) + (Au ppm × Au price per g/t × Au_recovery) + (Ag ppm × Ag price per g/t × Ag_recovery)) / (Cu price 1% per tonne × Cu_recovery). The Metal Prices applied in the calculation were: Cu=4.50

USD/lb, Au=3,150 USD/oz, Mo=20 USD/lb, and Ag=30 USD/oz. The entirety of the intersection is assumed as fresh. The recovery and copper equivalent formula for La Verde uses Cortadera as a proxy,

which is considered reasonable given both the similar mineralisation style and amenability testwork completed thus far at La Verde – Recoveries of 83% Cu, 56% Au, 83% Mo and 37% Ag. CuEq (%) =

Cu(%) + 0.69 x Au(g/t) + 0.00044 x Mo(ppm) + 0.0043 x Ag(g/t).

PERTH, Australia

Feb. 16, 2026

/CNW/ - Hot Chili Limited (ASX: HCH) (TSXV: HCH) (OTCQX: HHLKF) ("Hot

Chili" or the "Company") is pleased to announce further strong drill results from its La Verde copper–gold (Cu-Au)

porphyry discovery, located 30 km south of the Company's Costa Fuego Cu-Au Project ("Costa Fuego" or "the

Project") planned central processing hub in

Chile's

coastal Atacama region.

Significant intersections returned from drillholes DKD035 and DKD036 add to nine previously recorded

significant drill intersections drillholes (Figures 2 to 4), which define a

400 m

higher-grade, near-

surface copper-gold zone.

These results look likely to contribute a higher-grade starter pit to the Costa Fuego

open pit mine schedule, significantly reducing payback and positively impacting key financial metrics of Hot Chili's

March 2025

Pre-Feasibility Study ("PFS"). Latest results include:

DKD036 recorded

150 m

grading 0.52% CuEq

(0.37% Cu, 0.21 g/t Au)

from

30 m depth

Including

38 m

grading 0.70% CuEq (0.55% Cu, 0.21 g/t Au) from

117 m

, and

DKD035 recorded

220 m

grading 0.47% CuEq (0.37% Cu, 0.14 g/t Au)

from

38 m

depth

Including

68 m

grading 0.64% CuEq (0.52% Cu, 0.15 g/t Au) from

187 m

Similar to previous near-surface drill intersections, these latest significant results commence immediately

beneath shallow gravel cover, indicating the potential for simple, cost-effective overburden removal in a

future higher-grade starter pit development.

Importantly, latest results from DKD0035 and DKD0036 are located up-dip from previously reported

DKD032 drilling intersection, which recorded

148 m

grading 0.82% CuEq (0.60% Cu, 0.30 g/t Au) from

70 m

depth.

In addition, current drillhole DKD039 (Figures 2 to 4), has recorded a visual intersection of strong copper

porphyry-style mineralisation. Chalcopyrite abundance within the

580 m

730 m

interval is estimated to

average greater than 1% (Table 2), with several intervals recording chalcopyrite abundance above 3%.

This latest visual mineralisation significantly expands La Verde's high-grade core, with assay results expected to

be returned in

April 2026

Visual estimates of mineral abundance should never be considered a proxy or substitute for laboratory analyses

where concentrations or grades are the factor of principal economic interest. Visual estimates also potentially

provide no information regarding impurities or deleterious physical properties relevant to valuations. Assay

results are pending and will be reported in accordance with the JORC Code (2012) and National Instrument 43-

101 – Standards of Disclosure for Mineral Projects. Sampling methodologies are described in the

attached JORC Table 1.

New results from two additional diamond tail extensions (DKP006D and DKP021D) of earlier RC drillholes also

expanded La Verdes' +0.4% Cu mineralised footprint laterally toward the east (Figure 2).

DKP021D recorded an additional

54 m

grading 0.42% CuEq (0.34% Cu, 0.11 g/t Au) from

593 m

depth, including

19 m

grading 0.66% CuEq (0.51% Cu, 0.21 g/t Au) from

593 m

depth. The original RC drillhole recorded 80 m

grading 0.3% CuEq (0.3% Cu, 0.1 g/t Au) from

234 m

, and

46 m

grading 0.3% CuEq (0.3% Cu, 0.1 g/t Au) from

324 m

________________________

Copper Equivalent (CuEq) reported for the drillhole intersections were calculated using the following formula: CuEq% = ((Cu% × Cu price 1% per tonne × Cu_recovery) +(Mo ppm × Mo price per g/t ×

USD/lb, Au=3,150 USD/oz, Mo=20 USD/lb, and Ag=30 USD/oz. The entirety of the intersection is assumed as fresh. The recovery and copper equivalent formula for La Verde uses Cortadera as a proxy,

which is considered reasonable given both the similar mineralisation style and amenability testwork completed thus far at La Verde – Recoveries of 83% Cu, 56% Au, 83% Mo and 37% Ag. CuEq (%) =

Cu(%) + 0.69 x Au(g/t) + 0.00044 x Mo(ppm) + 0.0043 x Ag(g/t).

Latest results have provided confidence to expand Hot Chili's Phase two drill program, with a second drillrig

expected to commence shortly.

Initial metallurgical testwork for La Verde, also using seawater, indicate similar recoveries to those recorded at

Costa Fuego

. Sample selection for further metallurgical testwork is underway and assay results are outstanding

for five diamond drillholes, including DKD039.

The Company looks forward to providing further updates as assays results are received.

This announcement is authorised by the Board of Directors for release to ASX and TSXV. For more information

please contact:

Christian Easterday

Tel: +61 8 9315 9009

Managing Director & CEO – Hot Chili

Email:

[email protected]

Carol Marinkovich

Tel: +61 8 9315 9009

Company Secretary – Hot Chili

Email:

[email protected]

raham Farrell

Email:

[email protected]

Investor & Public Relations

or visit Hot Chili's website at

www.hotchili.net.au

Figure 1. Location of La Verde in relation to Costa Fuego, coastal range Chile. (CNW Group/Hot Chili Limited)

Figure 1 note:

asl = above sea level

Table 1.

New significant drilling intersections from La Verde

Hole ID

Coordinates

Azim

Dip

Hole Depth

Intersection

Interval

Copper

Gold

Silver

Molyb.

North

East

From

(m)

CuEq)

(% Cu)

(g/t Au)

(ppm Ag)

(ppm Mo)

DKD035

6,786,027

324,596

1,153

-60

278.5

258

220

0.47

0.37

0.14

0.65

Incl

121

153

0.56

0.41

0.20

0.68

& Incl

187

255

0.64

0.52

0.15

0.88

Or Incl

187

207

0.76

0.61

0.21

1.05

DKD036

6,786,029

324,597

1,153

130

-54

371.9

180

150

0.52

0.37

0.21

0.86

Incl

117

155

0.70

0.55

0.21

1.31

238

371

133

0.42

0.33

0.12

0.46

Incl

254

289

0.63

0.49

0.19

0.69

DKP006D

6785721

324727

1130

110

-60

384.2

186

110

0.39

0.27

0.15

0.84

Incl

124

172

0.54

0.38

0.22

1.09

Or Incl

124

144

0.74

0.49

0.35

1.36

& Incl

227

233

0.59

0.42

0.25

0.38

254

272

0.49

0.40

0.13

0.41

DKP021D

6785619

324325

1178

-60

834.1

118

128

0.30

0.27

0.03

0.41

284

478

194

0.32

0.26

0.06

0.45

Incl

286

300

0.43

0.37

0.08

0.61

& Incl

437

449

0.51

0.40

0.10

0.81

593

647

0.42

0.34

0.11

0.61

Incl

593

612

0.66

0.51

0.21

0.93

757

766

0.43

0.30

0.15

0.47

Notes to Table 1: Significant intercepts for La Verde are calculated above a nominal cut-off grade of 0.20% Cu. Where appropriate, significant intersections may contain up to 30m down-hole distance of

internal dilution (less than 0.20% Cu). Significant intersections are separated where internal dilution is greater than 30m down-hole distance. The selection of 0.20% Cu for significant intersection cut-off

grade is aligned with marginal economic cut-off grade for bulk tonnage polymetallic copper deposits of similar grade in Chile and elsewhere in the world.

Copper Equivalent (CuEq) reported for the drillhole intersections were calculated using the following formula: CuEq% = ((Cu% × Cu price 1% per tonne × Cu_recovery) + (Mo ppm × Mo price per g/t ×

USD/lb, Au=3,150 USD/oz, Mo=20 USD/lb, and Ag=30 USD/oz. The entirety of the intersection is assumed as fresh. The recovery and copper equivalent formula for La Verde uses Cortadera as a proxy,

which is considered reasonable given both the similar mineralisation style and amenability testwork completed thus far at La Verde – Recoveries of 83% Cu, 56% Au, 83% Mo and 37% Ag. CuEq (%) =

Cu(%) + 0.69 x Au(g/t) + 0.00044 x Mo(ppm) + 0.0043 x Ag(g/t).

Table 2.

DKD039 mineral abundance details

Hole ID

From

(m)

Mineral

Mineral %

Description

(Mineralisation

Mode)

Expected

Release

of Results

DKD039

580

591

cp / py

0.5% / 1.8%

Disseminated and vein-hosted cp/py in intramineral porphyry

April 2026

591

605.77

cp / py / mo

0.2% / 0.9% / 0.1%

Disseminated cp/py in late mineral porphyry

April 2026

605.77

609

cp / py

0.3 % / 0.7%

Disseminated and vein-hosted cp/py in intramineral porphyry

April 2026

609

617

cp / py

0.4% / 1.3%

Disseminated and vein-hosted cp/py in intramineral porphyry

April 2026

617

618

cp / py

0.2% / 0.7%

Altered wallrock with minor disseminated cp/py

April 2026

618

630.1

cp / py

0.6% / 1.4%

Disseminated and vein-hosted cp/py in intramineral porphyry

April 2026

630.1

630.2

Interval of Core Loss

April 2026

630.2

659.21

cp / py

0.8% / 1.2%

Disseminated and vein-hosted cp/py in intramineral porphyry

April 2026

659.21

659.8

cp / py

0.7% / 2.0%

Brecciated contact zone between early and intramineral phases

April 2026

659.8

670.7

cp / py / mo

0.8% / 1.6% / 0.1%

Disseminated and vein-hosted cp/py/mo in intramineral porphyry

April 2026

670.7

674.65

cp / py

1.8% / 1.3%

Brecciated contact zone between early and intramineral phases

April 2026

674.65

677.8

cp / py

1.0% / 1.8%

Disseminated and vein-hosted cp/py in intramineral porphyry

April 2026

677.8

678.13

cp / py

0.2% / 1.0%

Disseminated cp/py in late mineral porphyry

April 2026

678.13

681.83

cp / py

1.8% / 1.8%

Brecciated contact zone between early and intramineral phases

April 2026

681.83

682.34

cp / py

1.0% / 1.5%

Brecciated contact zone between early and intramineral phases

April 2026

682.34

683.8

cp / py

2.0% / 1.5%

Brecciated contact zone between early and intramineral phases

April 2026

683.8

684.5

cp / py

1.5% / 1.5%

Disseminated and vein-hosted cp/py in intramineral porphyry

April 2026

684.5

685.05

cp / py

1.0% / 2.5%

Disseminated and vein-hosted cp/py in intramineral porphyry

April 2026

685.05

712.6

cp / py

2.1% / 1.8%

Disseminated and vein-hosted cp/py in early-mineral porphyry

April 2026

712.6

716.72

cp / py

0.6% / 1.0%

Altered wallrock with disseminated cp/py

April 2026

716.72

717.1

cp / py

3.0% / 2.0%

Brecciated contact zone between early and intramineral phases

April 2026

717.1

726.17

cp / py

1.7% / 1.9%

Disseminated and vein-hosted cp/py in early-mineral porphyry

April 2026

726.17

730

cp / py

0.9% / 1.7%

Disseminated and vein-hosted cp/py in intramineral porphyry

April 2026

Notes to Table 2: cp = chalcopyrite, py = pyrite, mo = molybdenite. Visual estimates of mineral abundance should never be considered a proxy or substitute for laboratory analyses where concentrations or

grades are the factor of principal economic interest. Visual estimates also potentially provide no information regarding impurities or deleterious physical properties relevant to valuations. Assay results are

pending and will be reported in accordance with the JORC Code (2012) and National Instrument 43-101 – Standards of Disclosure for Mineral Projects. Sampling methodologies are described in the

attached JORC Table 1.

Figure 2. Plan view map of La Verde showing planned and returned drilling compared with updated +0.2% copper

(yellow), +0.3% copper (red), +0.4% copper (magenta) mineralisation interpolants. Conceptual open pit shells(1)

displayed for $US3.50/lb Cu (blue) and $US6.00/lb Cu (green) displayed as dashed lines. Results reported

including CuEq(2). (CNW Group/Hot Chili Limited)

Figure 2 notes:

See Page 9 of this announcement for detail on the US$3.50 Cu and US$6.00 Cu conceptual open pit shells (Exploration Targets). Any potential tonnage and grade of the Exploration Target shown is

conceptual in nature. There has been insufficient exploration to estimate a Mineral Resource within the target area, and it is uncertain if further exploration will result in the estimation of a Mineral Resource.

Copper Equivalent (CuEq) reported for the drillhole intersections were calculated using the following formula: CuEq% = ((Cu% × Cu price 1% per tonne × Cu_recovery) + (Mo ppm × Mo price per g/t ×

USD/lb, Au=3,150 USD/oz, Mo=20 USD/lb, and Ag=30 USD/oz. The entirety of the intersection is assumed as fresh. The recovery and copper equivalent formula for La Verde uses Cortadera as a proxy,

which is considered reasonable given both the similar mineralisation style and amenability testwork completed thus far at La Verde – Recoveries of 83% Cu, 56% Au, 83% Mo and 37% Ag. CuEq (%) =

Cu(%) + 0.69 x Au(g/t) + 0.00044 x Mo(ppm) + 0.0043 x Ag(g/t).

Figure 3. Plan view slice at 1050 m, clipped to +/- 100 m (surface is ~1150 mRL). Significant intersections are

shown for the entire drillhole, where available. Eleven drill intersections inform the high-grade core within 200 m of

surface. Drillholes with pending assays are shown in black. Updated +0.2% copper (yellow), +0.3% copper (red),

+0.4% copper (magenta) mineralisation interpolants included, drillhole intervals bolded by >0.6% CuEq(1). (CNW

Group/Hot Chili Limited)

Figure 3 note:

Copper Equivalent (CuEq) reported for the drillhole intersections were calculated using the following formula: CuEq% = ((Cu% × Cu price 1% per tonne × Cu_recovery) + (Mo ppm × Mo price per g/t ×

USD/lb, Au=3,150 USD/oz, Mo=20 USD/lb, and Ag=30 USD/oz. The entirety of the intersection is assumed as fresh. The recovery and copper equivalent formula for La Verde uses Cortadera as a proxy,

which is considered reasonable given both the similar mineralisation style and amenability testwork completed thus far at La Verde – Recoveries of 83% Cu, 56% Au, 83% Mo and 37% Ag. CuEq (%) =

Cu(%) + 0.69 x Au(g/t) + 0.00044 x Mo(ppm) + 0.0043 x Ag(g/t).

Figure 4. NNW facing longitudinal section of the La Verde porphyry system showing +0.2% copper (yellow),

+0.3% copper (red), +0.4% copper (magenta) mineralisation interpolants. Drillhole intervals are coloured by

CuEq(1). Completed drillholes pending assays, including DKD039, are shown as black traces. Currently planned

but not yet drilled holes are shown as white traces. (CNW Group/Hot Chili Limited)

Figure 4 note:

Copper Equivalent (CuEq) reported for the drillhole intersections were calculated using the following formula: CuEq% = ((Cu% × Cu price 1% per tonne × Cu_recovery) + (Mo ppm × Mo price per g/t ×

USD/lb, Au=3,150 USD/oz, Mo=20 USD/lb, and Ag=30 USD/oz. The entirety of the intersection is assumed as fresh. The recovery and copper equivalent formula for La Verde uses Cortadera as a proxy,

which is considered reasonable given both the similar mineralisation style and amenability testwork completed thus far at La Verde – Recoveries of 83% Cu, 56% Au, 83% Mo and 37% Ag. CuEq (%) =

Cu(%) + 0.69 x Au(g/t) + 0.00044 x Mo(ppm) + 0.0043 x Ag(g/t).

Qualifying Statements

Conceptual Open Pit Shells

Conceptual open pit shells represent Exploration Targets as defined in the 2012 Edition of the 'Australasian Code

for Reporting of Exploration Results, Mineral Resources and Ore Reserves' (JORC Code). They are based on

completed exploration activities reported in the announcement released

19 May 2025

(

'Hot Chili Announces Latest

Drill Results for La Verde, Doubling Porphyry Discovery Footprint'

The conceptual open pit shells were generated using copper (Cu) prices of

US$3.50

/lb Cu and

US$6.00

/lb Cu on a

series of nested Cu grade shells. Other input parameters informing the conceptual open-pit shells (pit slope

angles, mining cost, processing cost, etc.) were derived from values reported in the

March 2025

Costa Fuego

Pre-feasibility Study and are considered appropriate for the style of mineralisation encountered at the La Verde

Cu-Au porphyry discovery.

Any potential quantity and grade of the Exploration Target shown is conceptual in nature. There has been

insufficient exploration to estimate a Mineral Resource within the target area, and it is uncertain if further

exploration will result in the estimation of a Mineral Resource.

Further exploration activities are detailed in this announcement and include (but may not necessarily be limited to)

a program of diamond drillholes aiming to extend the mineralised footprint at La Verde. Drilling commenced on

22 September 2025, with the length of the program dependent on a number of considerations including (but not

limited to) the results of the exploration activities and regulatory applications and approvals.

Qualified Person – NI 43-101

The technical information in this announcement has been reviewed and approved by Mr. Christian Easterday,

MAIG, Hot Chili's Managing Director and a qualified person within the meaning of NI43-101.

Competent Person – JORC

The information in this announcement that relates to Exploration Results and Exploration Targets for the La Verde

project is based upon information compiled by Mr

Christian Easterday

, the Managing Director and a full-time

employee of Hot Chili Limited, who is a Member of the Australasian Institute of Geoscientists (AIG). Mr Easterday

has sufficient experience that is relevant to the style of mineralisation and type of deposits under consideration and

to the activity which he is undertaking to qualify as a 'Competent Person' as defined in the 2012 Edition of the

'Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves' (JORC Code). Mr

Easterday consents to the inclusion in this announcement of the matters based on their information in the form and

context in which it appears.

The information in this announcement relating to previously reported Exploration Results for La Verde was

previously reported in the Company's announcements 'Hot Chili Confirms Major Cu-Au Porphyry Discovery at La

Verde', 'Hot Chili Announces Latest Drill Results for La Verde, Doubling Porphyry Discovery Footprint', 'District-

Scale Porphyry Cluster Potential Emerging at La Verde Cu-Au Discovery', 'First Diamond Drillhole Confirms Gold-

Rich Major Copper Discovery in Coastal Chile', 'Near-Surface Higher-Grade Core Confirmed at La Verde' and

'Rapid Growth of High Grade Core Continues at La Verde' released to ASX on

26 February 2024

19 May 2025

29 May 2025

27 November 2025

10 December 2025

and

20 January 2026

, respectively, which are available to

view on the Company's website at

www.hotchili.net.au/investors/investor-

centre/market-announcements

. The

Company confirms that it is not aware of any new information or data that materially affects the information

included in the original market announcements.

Disclaimer

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of

the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this announcement.

Forward Looking Statements

This announcement contains certain statements that are "forward-looking information" within the meaning of

Canadian securities legislation and Australian securities legislation (each, a "forward-looking statement"). Forward-

looking statements reflect the Company's current expectations, forecasts, and projections with respect to future

events, many of which are beyond the Company's control, and are based on certain assumptions. No assurance

can be given that these expectations, forecasts, or projections will prove to be correct, and such forward-looking

statements included in this announcement should not be unduly relied upon. Forward-looking information is by its

nature prospective and requires the Company to make certain assumptions and is subject to inherent risks and

uncertainties. All statements other than statements of historical fact are forward-looking statements. The use of

any of the words "estimate", "expansion", "expectations", likely", "may", "plan", "potential", "project", "reinforce",

"large-scale", "could", "should", "will", "would", variants of these words and similar expressions are intended to

identify forward-looking statements.

The forward-looking statements within this announcement are based on information currently available and what

management believes are reasonable assumptions. Forward-looking statements speak only as of the date of this

announcement.

In this announcement, forward-looking statements relate, among other things, to: the potential of the La Verde

discovery; regulatory applications and approvals; the timing and results of future economic studies; and the

Company's future exploration and other business plans.

Forward-looking statements involve known and unknown risks, uncertainties, and other factors, which may cause

the actual results, performance, or achievements of the Company to be materially different from any future results,

performance or achievements expressed or implied by the forward-looking statements. A number of factors could

cause actual results to differ materially from a conclusion, forecast or projection contained in the forward-looking

statements in this announcement, including, but not limited to, the following material factors: the ability of drilling

and other exploration activities to accurately predict mineralisation; operational risks; risks related to the cost

estimates of exploration; sovereign risks associated with the Company's operations in Chile; changes in estimates

of mineral resources or mineral reserves of properties where the Company holds interests; recruiting qualified

personnel and retaining key personnel; future financial needs and availability of adequate financing; fluctuations in

mineral prices; market volatility; exchange rate fluctuations; ability to exploit successful discoveries; the production

at or performance of properties where the Company holds interests; ability to retain title to mining concessions;

environmental risks; financial failure or default of joint venture partners, contractors or service providers;

competition risks; economic and market conditions; and other risks and uncertainties described elsewhere in this

announcement and elsewhere in the Company's public disclosure record.

Although the forward-looking statements contained in this announcement are based upon assumptions which the

Company believes to be reasonable, the Company cannot assure investors that actual results will be consistent

with these forward-looking statements. With respect to forward-looking statements contained in this

announcement, the Company has made assumptions regarding: future commodity prices and demand; availability

of skilled labour; timing and amount of capital expenditures; future currency exchange and interest rates; the

impact of increasing competition; general conditions in economic and financial markets; availability of drilling and

related equipment; effects of regulation by governmental agencies; future tax rates; future operating costs;

availability of future sources of funding; ability to obtain financing; and assumptions underlying estimates related to

adjusted funds from operations. The Company has included the above summary of assumptions and risks related

to forward-looking information provided in this announcement to provide investors with a more complete

perspective on the Company's future operations, and such information may not be appropriate for other purposes.

The Company's actual results, performance or achievement could differ materially from those expressed in, or

implied by, these forward-looking statements and, accordingly, no assurance can be given that any of the events

anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what benefits the

Company will derive therefrom.

For additional information with respect to these and other factors and assumptions underlying the forward- looking

statements made herein, please refer to the public disclosure record of the Company, including the Company's

most recent Annual Report, which is available on SEDAR+ (

www.sedarplus.ca)

under the Company's issuer

profile. New factors emerge from time to time, and it is not possible for management to predict all those factors or

to assess in advance the impact of each such factor on the Company's business or the extent to which any factor,

or combination of factors, may cause actual results to differ materially from those contained in any forward-looking

statement.

The forward-looking statements contained in this announcement are expressly qualified by the foregoing cautionary

statements and are made as of the date of this announcement. Except as may be required by applicable securities

laws, the Company does not undertake any obligation to publicly update or revise any forward-looking statement

to reflect events or circumstances after the date of this announcement or to reflect the occurrence of unanticipated

events, whether as a result of new information, future events or results, or otherwise. Investors should read this

entire announcement and consult their own professional advisors to ascertain and assess the income tax and legal

risks and other aspects of an investment in the Company.

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Hot Chili Limited

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%SEDAR: 00053528E

CO: Hot Chili Limited

CNW 08:30e 16-FEB-26

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