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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

,

May 9, 2025

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

announce that it has filed on SEDAR+ an independent technical report for its Costa Fuego copper-gold project in

Chile

.

The report titled "Costa Fuego Copper Project NI 43–101 Technical Report Preliminary Feasibility Study" and dated

9 May 2025

with an effective

date of

March 27, 2025

(the "Technical Report"), was prepared in accordance with 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

27 March 2025

announcing the results of the pre-feasibility study in respect of the Costa

Fuego Copper-Gold Project. There are no material differences between the Technical Report and the information disclosed in the news release

dated

27 March 2025

.

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 – Hot Chili

Tel: +61 8 9315 9009

Email: [email protected]

Carol Marinkovich

Company Secretary – Hot Chili

Tel: +61 8 9315 9009

Email: [email protected]

Graham Farrell

Investor & Public Relations (Canada)

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:

https://www.prnewswire.com/news-releases/hot-chili-files-ni-43-101-technical-report-for-the-costa-fuego-copper-gold-project-in-chile-302451114.html

SOURCE

Hot Chili Limited

View original content:

http://www.newswire.ca/en/releases/archive/May2025/09/c0705.html

%SEDAR: 00053528E

CO: Hot Chili Limited

CNW 09:00e 09-MAY-25