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Solaris To Update Reporting at La Verde

Corporate Updates

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Solaris To Update Reporting at La Verde

May 12, 2021 – Vancouver, B.C. – Solaris Resources Inc . ( TSX: SLS; OTCQB: SLSSF) ("Solaris" or the

"Company") announces that as a result of a review by the British Columbia Securities Commission, the

Company is issuing the following news release to clarify its disclosure and advises that it will amend and

update the June 20, 2018 technical report for La Verde (the “2018 Report”).

The mineral resources and economic analysis for La Verde based on the 2018 Report are not supported

by a compliant report and should not be relied on until supported by a compliant National Instrument 43-

101 technical report.

La Verde has been on care and maintenance since 2016 and the Company does not currently have

exploration plans for it.

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 its

60%-interest in the La Verde joint-venture project 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 similar

expressions are intended to identify forward-looking statements. These statements include statements regarding our

intent, or the beliefs or current expectations of our officers and directors, including the statement of preparing an

update to the June 20, 2018 technical report for La Verde. 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 are based on a variety of assumptions including

assumptions made about the Company’s ability to complete an updated technical report at La Verde and its

exploration plans for the future. 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 latest Solaris Management’s

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

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 obligation to publicly

update or revise any of these forward-looking statements except as may be required by applicable securities laws.