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Hot Chili Files NI 43-101 Technical Report for the Costa Fuego Copper-Gold Project in Chile

Resource Estimates Technical Reports (NI 43-101)

Hot Chili Files NI 43-101 Technical Report for the Costa Fuego

Copper-Gold Project in Chile

PERTH, Australia

,

Aug. 11, 2023

/CNW/ - Hot Chili Ltd. ("Hot Chili" or the "Company") (TSXV: HCH) (OTCQX: HHLKF) (ASX: HCH) is pleased to

announce that it has filed a National Instrument 43-101 Technical Report ("The Report") for its Costa Fuego copper-gold project in

Chile

.

The report titled "Costa Fuego Copper Project NI 43–101 Technical Report Preliminary Economic Assessment" and dated August 2023, with an

effective date of

June 28

2023 (the "Technical Report"), was prepared pursuant to National Instrument 43-101 –

Standards of Disclosure for

Mineral Projects

("NI 43-101"). It is available for review on both SEDAR+ (

www.sedarplus.ca

) and the Company's website (

www.hotchili.net.au

).

The Technical Report supports the news release dated

28 June 2023

announcing the Costa Fuego Copper-Gold Project Preliminary Economic

Assessment. This release is also available on SEDAR+ and at the Company's website. There are no material differences between the Technical

Report and the information disclosed in the news release dated

28 June 2023

.

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

Hot Chili's Managing Director and Chief Executive Officer Mr

Christian Easterday

is responsible for this announcement and has provided sign-off for

release to the ASX and TSXV

Technical Information

Scientific and technical information in this Announcement has been reviewed and approved by Mr

Christian Easterday

, the Managing Director of Hot

Chili Limited who is a Member of the Australasian Institute of Geoscientists (AIG) and a Qualified Person as defined in NI 43-101. For further

information on Costa Fuego please see the Technical Report.

For more information please contact:

Christian Easterday

Managing Director

Tel: +61 8 9315 9009

Email: [email protected]

Penelope Beattie

Company Secretary

Tel: +61 8 9315 9009

Email: [email protected]

Harbor Access

Investor & Public Relations (Canada)

Email:

[email protected]

Email: [email protected]

or visit Hot Chili's website at

www.hotchili.net.au

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 news release.

View original content to download multimedia:

https://www.prnewswire.com/news-releases/hot-chili-files-ni-43-101-technical-report-for-the-costa-fuego-copper-gold-project-in-chile-301898801.html

SOURCE

Hot Chili Limited

View original content to download multimedia:

http://www.newswire.ca/en/releases/archive/August2023/11/c9573.html

%SEDAR: 00053528E

CO: Hot Chili Limited

CNW 09:56e 11-AUG-23