Solis Minerals Limited announced the intersection of spodumene bearing pegmatite in the 2,500m maiden drill program at the Jaguar Lithium Project Bahia state, Brazil over which the Company has recently secured an option to acquire a 100% interest. rich core of the Jaguar pegmatite. In relation to the disclosure of visual occurrences of pegmatite and spodumene, the Company cautions that visual estimates of mineral abundance should not be considered a proxy or substitute for laboratory analyses where concentrations or grades are the factor of principal economic interest.

Visual estimates also potentially provide no information regarding impurities or deleterious physical properties relevant to valuations. Diamond drilling at the Jaguar project is ongoing with three drillholes now completed. As the orientation dip and plunge of the mineralised portion of the first pegmatite target was unclear from outcropping mineralisation, drilling was planned from both the hanging wall and footwall locations North and South of the pit.

Drillhole JADDH00001 did not intercept the core of the pegmatite due to incorrect drill orientation. JADDH00002 and JADDH00003 both successfully intersected broad intervals of shallow dipping pegmatite below the existing artisanal workings at Jaguar. Spodumene rich central core sections of the pegmatite were intersected from 30m to 38.2m in JADDH00002 and from 44.3m to 52.2m in JaddH00003, respectively.