Local News

Quito, Ecuador – December 01, 2024.-  Lowell Mineral Exploration Ecuador S.A. ("Lowell" or the "Company"), a subsidiary of Solaris Resources Inc. ("Solaris"), is pleased to announce that it has received the Carbon Footprint Reduction Certificate of the Ecuador Zero Carbon Program ("PECC")  by the Ministry of Environment,  Water and Ecological Transition (MAATE), which aims to promote the reduction of greenhouse gas (GHG) emissions in companies operating in Ecuador.

"The Carbon Footprint Reduction Certificate is a recognition of Lowell’s continuous effort in implementing concrete measures to reduce the environmental impact of its operations. The Company reaffirms its commitment to sustainability and environmental and social responsibility, aligning itself with the principles of energy transition and climate action that are fundamental for the responsible economic development of Ecuador," said Federico Velásquez, President Latin America at Solaris.

This distinction is awarded to companies that make significant progress in measuring, reducing and offsetting their carbon footprint, thus demonstrating their commitment to the fight against climate change and environmental sustainability.

"It is gratifying to know that companies in the extractive sectors are also joining the commitment to the environment. Lowell joined the PECC and becomes a benchmark because in this way it can demonstrate the commitment it has with the citizens and the country and walk towards a more sustainable Ecuador, thanks to the actions carried out to mitigate climate change," said Nancy Sarrade, Deputy Minister of Environment (S).

Lowell was the first company in the Ecuadorian mining industry to register in the Ecuador Zero Carbon Program in September 2021. Over the past three years, Lowell has been hard at work measuring and reducing its carbon footprint. Highlights include:

• Emissions Inventory and Certification: The measurement of the Company's carbon footprint for the years 2021, 2022 and 2023 was carried out, using recognized international methodologies, such as the GHG Protocol and ISO 14064-1:2018, and verification of the GHG inventory carried out by a Conformity Assessment Body (OEC) accredited by MAATE.
• GHG Reduction Plan: An emissions reduction plan was implemented for the year 2022, this plan includes concrete actions to minimize the carbon footprint in the Company's operational activities.
• Application and Obtaining of the Carbon Footprint Quantification Distinction: In July 2023, MAATE awarded Lowell the PECC Carbon Footprint Quantification Distinction, recognizing the Company's efforts in measuring its GHG emissions.

The Carbon Footprint Reduction Certificate, received today, has an organizational scope for the 2022 reduction year, covering Lowell's offices in Quito, Limón Indanza and Macas, as well as its warehouses and exploration camps in various locations.

For more information
María Fernanda Poveda
Tel: +593 99 655 6655
Email: maria.poveda@lowellmineral.com

About Lowell Mineral Exploration Ecuador S.A.

Lowell Mineral Exploration Ecuador S.A., a wholly-owned indirect subsidiary of Solaris, promotes the development of strategic alliances with key stakeholders in Ecuador to pave the way to best sustainable practices in responsible exploration.

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. For more information, visit www.solarisresources.com.

Cautionary Notes and Forward-Looking Statements

This document contains certain forward-looking statements. All statements, except statements of historical fact, are forward-looking statements. The use of the words "may," "expects," "will" and similar expressions are intended to identify forward-looking statements. These statements include statements about our current intent, beliefs, or expectations. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, undue reliance should not be placed on forward-looking statements as the Company cannot guarantee 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. In addition, the forward-looking statements contained herein are made as of the date hereof and the Company undertakes no obligation to publicly update or revise any of these forward-looking statements.