Solaris Copper Inc. Announces Changes to Management and Board of Directors, and Private Placement
Suite 1501 - 700 West Pender St., Vancouver, BC Canada V6C 1G8
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NEWS RELEASE
SOLARIS COPPER INC. ANNOUNCES CHANGES TO MANAGEMENT AND BOARD OF DIRECTORS,
AND PRIVATE PLACEMENT
November 7, 201 9 – Vancouver, B.C. – Solaris Copper Inc. (“Solaris” or the “Company ”) is pleased to
announce changes to the management team and Board of Directors, including the appointment of Mr. Daniel
Earle as the new President and Chief Executive Officer of the Company and a member of the Board . The
Company also announces the appointment of Ms. Linda Chang as Chief Financial Officer, Ms. Purni Parikh as
Senior Vice President, Corporate Affairs and Corporate Secretary and Mr. James Steels as a member of the
Board of Directors of Solaris. These appointments will be effective immediately following the release of the
Company’s third quarter financial statements later this month.
Mr. Greg Smith, current Chief Executive Officer and Director said, “I would like to welcome Dan, Linda, Purni
and James to Solaris. We are very pleased to have attracted an executive team of this calib re as we expand
our exploration activities and prepare for a public listing.”
Mr. Earle and Mr. Steels will join current directors Mr. Marcel de Groot, Mr. Scott Heffernan and Mr. Smith
on the Company’s Board. Mr. Alex Holmes will be resigning from the Board in order to accommodate the
addition of the new directors. Mr. Smith will also be resigning from his role as Chief Executive Officer and Ms.
Kylie Dickson and Ms. Susan Toews will be resigning from their roles as Chief Financial Officer and Corporate
Secretary, respectively. The Company wishes to thank Mr. Holmes, Ms. Dickson and Ms. Toews for their many
contributions.
Mr. Earle most recently served as a Vice President and Director at TD Securities Inc. where he covered
companies in the precious and base metals sectors as an equity research analyst for over 12 years. During
that time, he established himself as one of the leading authorities on exploration and development stage
mining projects. Prior to joining TD Securities, Mr. Earle was a senior executive with a number of Canadian
and U.S. public mineral exploration and mining companies. He is a graduate and scholar of the Lassonde
Mineral Engineering Program at the University of Toronto.
Ms. Parikh has more than 25 years of public company experience in the mining sector including corporate
affairs and finance, legal and regulatory administration, and governance. She is President of the Augusta
Group of Companies and Titan Mining Corporation , and was previously Senior Vice President, Corporate
Affairs and Corporate Secretary of Arizona Mining Inc. and Vice President, Corporate Secretary of Newcastle
Gold Ltd., Augusta Resource Corporation and Ventana Gold Corp. prior to their acquisition. Ms. Parikh
obtained a Certificate in Business from the University of Toronto and a Gemology degree.
Ms. Chang has work ed with the Augusta Group since June 2010. She previously served as Corporate
Controller for Arizona Mining and Director of Finance for Titan Mining. Ms. Chang is a CPA, CA and began her
career with Ernst & Young LLP after obtaining her Bachelor of Commerce in Accounting and Finance from the
University of Manitoba.
Mr. Steels is a finance and capital markets professional in the metals and mining sector , specializing in the
evaluation of mergers, acquisitions, financings, divestitures and passive investments. He is currently an
executive of the Augusta Group and has previously held positions at Scotiabank Global Banking and Markets
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and KPMG LLP, as well as various governance positions at an incorporated charity in Ontario. Mr. Steels is a
Chartered Professional Accountant and holds the Chartered Financial Analyst designation.
Mr. Earle said, “It is an honour to have been appointed to this position. Solaris has a very compelling portfolio
of assets and a strong list of supportive shareholders, including Ross Beaty, Richard Warke, the Lorito and
Zebra trusts established by the Lundin Family, and Equinox Gold. I look forward to working with the Solaris
team to advance our suite of highly prospective projects in the Americas to the benefit of all stakeholders.”
Private Placement
Solaris proposes to undertake a non -brokered private placement financing to raise gross proceeds of up to
CAD$5,500,000 (the “Private Placement”).
The Private Placement will consist of an issue of units at a price of CAD$0.40 per unit, with each unit consisting
of one common share of the Company and one -half of a common share purchase warrant of the Company
(each whole warrant being a "Warrant"). Each Warrant will entitle the holder to acquire one common share
at a price of CAD$0.60 for a period of three years following the closing date of the Private Placement.
The proceeds fr om the Private Placement will be used to advance permitting, exploration and drilling
activities at the Company’s mineral claims, for mineral property holding costs and for general and working
capital purposes.
The Private Placement is expected to close i n November 2019. The common shares and Warrants issued
pursuant to the Private Placement are subject to a four-month hold.
Concurrent with the Private Placement, Equinox Gold Corp. (“Equinox Gold”), a related party to the Company,
will subscribe for 6,875,000 units in exchange for the cancellation of all debt payable by the Company to
Equinox Gold totaling CAD$2,750,000. Accordingly, on closing of the Private Placement, Equinox Gold will
retain an interest of approximately 32% in Solaris.
On behalf of the Board of Solaris Copper Inc.
“Greg Smith”
Director
About Solaris Copper Inc.
Solaris Copper is advancing a portfolio of exploration projects in the Americas. Foremost among these is the
100%-owned Warintza copper -molybdenum project in Ecuador, which hosts a near -surface, high -grade
resource that is open laterally and at depth. The Company also holds a 60% interest in the advanced-stage La
Verde copper-silver-gold project in Mexico, with Teck Resources holding the remaining 40%; a 100% interest
in the Ricardo copper exploration project in Chile, which is under option to Freeport; and earn-in agreements
for the Tamarugo project in Chile and two early-stage projects in Peru. Solaris Copper operates as a reporting
issuer, however, is not currently listed on a designated stock exchange.
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”, “may”, “can”,
and similar expressions are intended to identify forward -looking statements. Forward -looking statements contained in
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this press release include statements regarding planned exploration and development activities at the Company’s
projects, and the expected closing and use of proceeds of the Private Placement . Although Solaris Copper 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 Copper 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 Copper’s periodic filings with Canadian securities regulators.
Furthermore, the forward-looking statements contained in this news release are made as at the date of this news release
and Solaris Copper 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.