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Solaris Completes Share Consolidation

Corporate Actions

Suite 555 - 999 Canada Pl., Vancouver, BC Canada V6C 3E1

SOLARIS COMPLETES SHARE CONSOLIDATION

May 1, 2020 – Vancouver, B.C. – Solaris Resources Inc. (“Solaris” or the “Company”) reports that it has

completed its previously announced consolidation of the common shares of the Company (" Common

Shares") on the basis of 1 post-consolidation Common Share for 2 pre-consolidation Common Shares (the

"Consolidation").

The Consolidation reduced the number of issued and outstanding Common Shares from 123,647,377

Common Shares to 61,823,701 Common Shares. As a result of the Consolidation, shares issuable pursuant

to the Company's outstanding options, warrants, restricted share units and other convertible securities

will be proportionally adjusted on the same basis. Effective today, the post-consolidated Common Shares

of the Company have been assigned a new CUSIP number of 83419D201 and ISIN number of

CA83419D2014.

The Company’s transfer agent, Computershare Investor Services, has sent a letter of transmittal to

registered shareholders providing instructions to surrender the certificates evidencing their Common

Shares for replacement certificates representing the number of post-consolidation Common Shares to

which they are entitled. Until surrendered, each certificate representing Common Shares prior to the

Consolidation will be deemed for all purposes to represent the number of Common Shares to which the

holder thereof is entitled as a result of the Consolidation. Shareholders who hold their shares in brokerage

accounts or “street name” are not required to take any action to effect the exchange of their shares.

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.

Solaris Resources operates as a reporting issuer, however, is not currently listed on a designated stock

exchange.

Suite 555 - 999 Canada Pl., Vancouver, BC Canada V6C 3E1

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”, 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 Solaris’ Management’s Discussion and

Analysis for the year ended December 31, 2019 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.