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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

,

April 8, 2024

/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 for its Costa Fuego copper-gold project in

Chile

.

The report titled "Costa Fuego Copper Project NI 43–101 Technical Report Mineral Resource Estimate Update" and dated

April 2024

with an

effective date of

February 26, 2024

(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

26 February 2024

announcing the Costa Fuego Copper-Gold Project Mineral Resource

Update. 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

26 February 2024

.

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.

Christian Easterday

Managing Director – Hot Chili

Tel: +61 8 9315 9009

Email:

[email protected]

Penelope Beattie

Company Secretary – Hot Chili

Tel: +61 8 9315 9009

Email:

[email protected]

Harbor Access

Investor & Public Relations

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-302110821.html

SOURCE

Hot Chili Limited

View original content to download multimedia:

http://www.newswire.ca/en/releases/archive/April2024/08/c3003.html

%SEDAR: 00053528E

CO: Hot Chili Limited

CNW 15:22e 08-APR-24