Solaris Completes Socialization of Initial District Exploration Programs
Suite 555 - 999 Canada Pl., Vancouver, BC Canada V6C 3E1
Solaris Completes Socialization of Initial District Exploration Programs
August 2, 2024 – Vancouver, B.C. – Solaris Resources Inc . (TSX: SLS; NYSE: SLSR) (“Solaris” or the
“Company”) is pleased to announce the completion of joint socialization programs with government
entities and local communities to support the initial exploration activities of its district exploration
programs at its Warintza Project (“Warintza” or “the Project”) in southeastern Ecuador. The success of
this socialization provides a template for broader ambitions in the northern Zamora belt for which the
Company intends to secure a joint venture partner.
Geotechnical drilling has now commenced in the Caya-Mateo target which is expected to provide
important geological information to aid in more focused targeting efforts and subsequent discovery
drilling. Meanwhile, field work continues in the emerging Celestina epithermal gold/silver area where
prior sampling returned values of up to 11,570 g/t silver and 12.3 g/t gold across 30cm of breccia outcrop
(refer to press release dated June 25, 2024), with the next batch of results expected soon.
Socialization programs were attended by members of local communities, canton and provincial
governments, and key ministries of the national government. The Company presented its proposed initial
exploration activities, including commitments for local hiring and contracting, undertaking education,
technical training and capacity building, and community relations and environmental management
programs.
Mr. René Cuesta, delegate of the Ministry of Energy and Mines , commented, “These types of meetings
show us that it is possible to do mineral exploration in a united way: society, community, company and
government. I congratulate the Company and communities because communicating ratifies work in
mutual harmony without discrepancies. This shows that the Company works for the development of the
communities, and for the good of Limón Indanza canton, Morona Santiago province and Ecuador.”
Mr. Cristian León, delegate of the Ministry of the Environment , commented, "We see that the process
of socialization has been carried out with total transparency, complying with the previous processes of
call and information. It is gratifying to see that the community, cantonal and provincial authorities all
participated enthusiastically in this socialization. This is a demonstration of responsibility and
commitment on all sides.”
Mr. Jorge Valverde, Political Head of the Limón Indanza canton , commented, “Socialization with the
communities is very important since all the work that will be carried out by the Company is informed by
their input. The communities have to understand what the processes are, the way of working and how
the hiring will be carried out. I am representing the Governor, and I am very satisfied to see that people
are accepting this information provided by the Company.”
Mr. Federico Velásquez, President Latin America of Solaris , commented, “Engaging with local
communities ensures their concerns are central to our planning and enhances the benefits of our
activities. Our exploration creates economic opportunities, supports local businesses, and advances
community development. This approach aligns with community values, promotes sustainable growth, and
demonstrates our commitment to responsible mining.”
Suite 555 - 999 Canada Pl., Vancouver, BC Canada V6C 3E1
Technical Information and Quality Control & Quality Assurance
Sample assay, soil and rock sample assay results have been independently monitored through a quality
control/quality assurance (“QA/QC”) program that includes the insertion of blind certified reference
materials (standards), blanks and field duplicate samples. Logging and sampling are completed at a
secured Company facility located on site. Sample pulps are sent to ALS Labs in Lima, Peru and Vancouver,
Canada for analysis. Total copper and silver contents are determined by four-acid digestion with AAS
finish. Gold is determined by fire assay of a 30-gram charge. In addition, selected pulp check samples are
sent to Bureau Veritas lab in Lima, Peru. Both ALS Labs and Bureau Veritas lab are independent of Solaris.
Solaris is not aware of any drilling, sampling, recovery or other factors that could materially affect the
accuracy or reliability of the data referred to herein. The technical data has been verified by Jorge Fierro,
M.Sc., DIC, PG, using data validation and quality assurance procedures under high industry standards.
Qualified Person
The scientific and technical content of this press release has been reviewed and approved by Jorge Fierro,
M.Sc., DIC, PG, Vice President Exploration of Solaris who is a “Qualified Person” as defined in National
Instrument 43-101 Standards of Disclosure for Mineral Projects. Jorge Fierro is a Registered Professional
Geologist through the SME (registered member #4279075).
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 world class
copper resource with expansion and discovery potential at its Warintza Project in Ecuador; a series of
grass roots exploration projects with discovery potential in Peru and Chile; 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 this socialization provides a template for broader ambitions in the northern Zamora belt for which
the Company intends to secure a joint venture partner, geotechnical drilling has now commenced in the Caya-Mateo
target which is expected to provide important geological information to aid in more focused targeting efforts and
Suite 555 - 999 Canada Pl., Vancouver, BC Canada V6C 3E1
subsequent exploration drilling aimed at testing the discovery potential, detailed mapping and sampling continues
in the emerging Celestina epithermal gold/silver area where prior sampling returned values of up to 11,570 g/t silver
and 12.3 g/t gold across 30cm of breccia outcrop with the next batch of field results expected shortly, proposed initial
exploration activities, including commitments for local hiring and contracting, undertaking technical training and
capacity building, and community relations and environmental management programs. 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. The Company has based these forward-
looking statements and information on the Company’s current expectations and assumptions about future events
including assumptions regarding the exploration and regional programs. 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, 2023 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.