Solaris Appoints Senior Mining Engineer to Lead Warintza Technical Studies
(1) Ivanhoe Mines Kakula 2020 Feasibility Study
Suite 555 - 999 Canada Pl., Vancouver, BC Canada V6C 3E1
Solaris Appoints Senior Mining Engineer to Lead Warintza Technical Studies
November 2, 2020 – Vancouver, B.C. – Solaris Resources Inc. (TSXV: SLS) ("Solaris" or the "Company") is
pleased to announce the appointment of Mr. Chad Wolahan as Vice President, Projects. Mr. Wolahan will
lead the technical studies required to deliver an industry-leading engineering and economic assessment
for the Warintza Project (“Warintza” or “the Project”) in south-eastern Ecuador.
Highlights
Mr. Wolahan is a Mining Engineer with nearly 20 years of experience leading the planning, design
and execution of engineering and economic studies for major mining projects globally
Relevant experience in senior capacities with Ivanhoe Mines, leading Kakula copper project
Feasibility Study from conception to completion, resulting in after-tax NPV(8%) of US$5.5B¹
Warintza technical program to integrate and run concurrent with the ongoing 40,000 metre
diamond drill program to expand and upgrade Mineral Resources at Warintza Central
Study to target environmental leadership in decarbonization, with renewable hydroelectric grid
power, electrified transport and materials movement, and potential autonomous technologies
Daniel Earle, President & CEO, commented, “Mr. Wolahan has a proven ability to lead the planning, design
and execution of technical programs in support of engineering and economic studies for Tier 1 projects.
This experience spans both the corporate and consultancy sides of the business and is directly relevant to
our strategic plans to rapidly advance the Warintza Project and quantify its economic potential.”
Mr. Wolahan is a Mining Engineer with nearly 20 years of experience leading the planning, design and
execution of engineering and economic studies for mining projects globally. Prior to joining Solaris, Mr.
Wolahan worked with Ivanhoe Mines for the past seven years in various senior capacities and was
responsible for project planning and management of technical programs supporting the advancement of
the Tier 1 Kakula project in the Democratic Republic of the Congo from Preliminary Economic Assessment
through Feasibility. Prior to Ivanhoe Mines, Mr. Wolahan worked at Stantec Consulting leading a team to
produce the mining design, schedule and cost estimations for various projects. Mr. Wolahan holds a
Bachelor’s degree in Mine Engineering from Montana Tech University.
The Board of Directors have authorized and approved a grant of incentive stock options for the purchase
of an aggregate of 2.3 million common shares to employees and directors, pursuant to the terms of the
Company’s Stock Option Plan. The options are exercisable at C$4.90 per share, expire five years from the
date of grant, and vest periodically over a course of three years.
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 advancing a portfolio of copper and gold assets in the Americas, which includes: a high-grade
resource with expansion and additional discovery potential at the Warintza copper and gold project in
Ecuador; discovery potential on the grass-roots Tamarugo project in Chile and Capricho and Paco Orco
projects in Peru; exposure to US$130M spending / 5-yrs through a farm-out agreement with Freeport-
McMoRan on the Ricardo Project in Chile; and significant leverage to increasing copper prices through the
60%-interest in the development-stage La Verde joint-venture project with Teck Resources in Mexico.
Neither 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 release.
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 “intention”, “will”,
“may”, “can”, “expect” and similar expressions are intended to identify forward-looking statements. Although Solaris
believes that the expectations reflected in such forward-looking statements and/or information are reasonable,
undue reliance should not be placed on forward-looking statements since Solaris can give no assurance that such
expectations will prove to be correct. These statements 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 latest Solaris Management’s
Discussion and Analysis available at www.sedar.com. 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 obligations to publicly
update and/or revise any of the included forward-looking statements, whether as a result of additional information,
future events and/or otherwise, except as may be required by applicable securities laws.