Solaris Announces Cooperation Agreement with Interprovincial Federation of Shuar Centers and the Alliance for Entrepreneurship and Innovation of Ecuador
Suite 555 - 999 Canada Pl., Vancouver, BC Canada V6C 3E1
Solaris Announces Cooperation Agreement with Interprovincial Federation of Shuar Centers
and the Alliance for Entrepreneurship and Innovation of Ecuador
March 01, 2024 – Vancouver, B.C. – Solaris Resources Inc. (TSX: SLS; OTCQB: SLSSF) (“Solaris” or the
“Company”) is pleased to announce a trilateral cooperation agreement with the Interprovincial
Federation of Shuar Centers (“FICSH”) and the Alliance for Entrepreneurship and Innovation (“AEI”) of
Ecuador, with the signing ceremony to take place over PDAC. The agreement aims to promote the
economic and social development of Shuar communities represented by FICSH, including the communities
of Warints and Yawi which host the Warintza Project on their lands, with programs in health, education,
skills training, entrepreneurship, innovation and sustainable mineral resource development.
FICSH is the highest authority and largest Shuar indigenous organization legally established by statute of
the Ministry of Social Welfare of Ecuador in 1964 and includes 50 associations comprising 500 Shuar
communities and approximately 143,000 Shuar indigenous people.
AEI is an independent non-profit dedicated to promoting entrepreneurship and innovation as the basis
for the productive development of Ecuador. The organization represents a network of public, private and
academic actors of which Solaris has been a member since 2021.
Key Programs:
Health: training and support for the provision of medical services in remote communities in
cooperation with the Ministry of Public Health
Education: training and support for the development and delivery of intercultural education in
remote communities with the Ministry of Education
Production: training and technical assistance related to productive agricultural and business
development, project management and accounting
Artisanal mining: environmental, safety and technical training and support for the formalization
of artisanal mining in FICSH territories
Mr. Froilan Juank, President of Yawi Center and member of the Board of Directors of the Strategic Alliance,
commented, “The Shuar communities of Warints and Yawi support this agreement which follows from
our request for FICSH to represent us and our interests and extend benefits to other member
communities. We reject the false statements made by foreign non-governmental organizations (NGOs)
and the Shuar Arutam People’s Associations (PSHA) which ignore our voice and speak against our
interests. We are the legitimate registered owners of the Ancestral Lands on which the Warintza Project
resides and we have the right and have chosen, through our General Assembly, to participate in the
project through our Strategic Alliance and Impact and Benefits Agreement.”
Mr. David Tankamash, President of FICSH, commented, “Our work aims to improve the quality of life and
access to opportunities for our member Shuar Centers. We support the Warints and Yawi communities
and reject the efforts of foreign NGOs who act against the will and interest of our members. This
agreement, which has been approved by the will of the FICSH General Assembly, is important for inclusive
and sustainable mineral resource development. The Solaris model proves the Shuar nation can partner in
development opportunities on our lands. We deserve the opportunities indigenous nations have in other
parts of the world and foreign NGOs must respect our choices.”
Suite 555 - 999 Canada Pl., Vancouver, BC Canada V6C 3E1
On behalf of the Board of Solaris Resources Inc.
“Daniel Earle”
President & CEO, Director
For Further Information
Jacqueline Wagenaar, VP Investor Relations
Direct: 416-366-5678 Ext. 203
Email: [email protected]
About Solaris Resources Inc.
Solaris is a multi-asset exploration company, advancing a portfolio of copper and gold assets in the
Americas, which includes: its primary focus, a world class large-scale resource with expansion and
discovery potential at the Warintza Project in Ecuador; discovery potential at its Ricardo Project and
Tamarugo Project in Chile; discovery potential at its Capricho and Paco Orco projects in Peru; and
significant leverage to increasing copper prices through its 60% interest in the La Verde joint-venture
project with a subsidiary of Teck Resources in Mexico.
Cautionary Notes and Forward-looking Statements
This document contains certain forward-looking information and forward-looking statements within the meaning of
applicable securities legislation (collectively “forward-looking statements”). The use of the words “will” and
“expected” and similar expressions are intended to identify forward-looking statements. These statements include
statements that a trilateral cooperation agreement with the Interprovincial Federation of Shuar Centers (“FICSH”)
and the Alliance for Entrepreneurship and Innovation (“AEI”) of Ecuador has been announced with the signing
ceremony to take place over PDAC. Although Solaris believes that the expectations reflected in such forward-looking
statements and/or information are reasonable, readers are cautioned that actual results may vary from the forward-
looking statements. These statements also involve known and unknown risks, uncertainties and other factors that
may cause actual results or events to differ materially from those anticipated in such forward-looking statements,
including the risks, uncertainties and other factors identified in the Solaris Management’s Discussion and Analysis,
for the year ended December 31, 2022 available at www.sedarplus.ca. Furthermore, the forward-looking statements
contained in this news release are made as at the date of this news release and Solaris does not undertake any
obligation to publicly update or revise any of these forward-looking statements except as may be required by
applicable securities laws.