2. 2
This presentation does not constitute an offering of securities and the information contained herein is subject to the information contained in the Company's continuous disclosure documents. All amounts expressed in
Canadian $ unless otherwise stipulated.
Forward‐looking Statements
This presentation includes certain statements that constitute "forward‐looking statements", and "forward‐looking information" within the meaning of applicable securities laws (collectively, "forward‐looking
statements"). All statements, other than statements of historical fact, are forward‐looking statements. These statements appear in a number of places in this presentation and include statements made with respect to
anticipated exploration and development activities. When used in this presentation words such as "intends", "expects", "will be", "underway", "targeted", "planned", "objective", "expected", "potential", "continue",
"estimated", "would", "subject to" and similar expressions are intended to identify these forward‐looking statements. Although Solaris Resources Inc. (the "Company") believes that the expectations reflected in such
forward‐looking statements are reasonable, undue reliance should not be placed on forward‐looking statements since the Company 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 risks
related to the business of the Company; global outbreaks and contagious diseases (including COVID‐19); business and economic conditions in the mining industry generally; the supply and demand for labour and other
project inputs; adverse claims made by local communities; changes in commodity prices; unanticipated exploration and development challenges (including failure of equipment or processes to operate in accordance
with specifications or expectations, cost escalation, unavailability of materials and equipment, government action or delays in the receipt of government approvals, industrial disturbances or other job action, and
unanticipated events related to health, safety and environmental matters); adverse weather conditions; political risk and social unrest; changes in interest and currency exchange rates; and the risks, uncertainties and
other factors identified in the Company's periodic filings with Canadian securities regulators.
These forward‐looking statements were derived using numerous assumptions, including assumptions regarding general business and economic conditions; the Company’s ability to develop and maintain relationships
with local communities (including the local Shuar Nations of Warints and Yawi); commodity prices; anticipated costs and expenditures; the Company’s ability to advance exploration efforts at Warintza and its other
projects; and the results of such exploration efforts. While the Company considers these assumptions to be reasonable based on information currently available, they may prove to be incorrect. Forward‐looking
statements speak only as of the date those statements are made. Except as required by applicable law, we assume no obligation to update or to publicly announce the results of any change to any forward‐looking
statement contained herein to reflect actual results, future events or developments, changes in assumptions or changes in other factors affecting the forward‐ looking statements. If we update any forward‐looking
statements, no inference should be drawn that we will make additional updates with respect to other forward‐looking statements. All forward‐looking statements contained in this presentation are expressly qualified in
their entirety by this cautionary statement.
Technical Information
The technical information contained in this document has been reviewed and approved by Donald Taylor, MSc., PG, Director of Solaris who is a “Qualified Person” as defined in National Instrument 43‐101 Standards of
Disclosure for Mineral Projects. Donald Taylor is a Registered Professional Geologist through the SME (registered member #4029597). Unless otherwise disclosed, all technical information related to Warintza is based
on the “Resource Estimate of the Warintza Central Cu‐Mo Porphyry Deposit" prepared by Equity Exploration Consultants Inc. with an effective date of December 13, 2019.
Cautionary Note to U.S. Investors Concerning Estimates of Mineral Resources
The mineral resource estimates described in this presentation have been prepared in accordance with the requirements of Canadian securities laws, which differ from the requirements of U.S. securities laws. The terms
"mineral resource", "measured mineral resource", "indicated mineral resource" and "inferred mineral resource" are defined in accordance with Canadian National Instrument 43 101— Standards of Disclosure for
Mineral Projects (“NI 43 101”) and the Canadian Institute of Mining, Metallurgy and Petroleum (the “CIM”) – CIM Definition Standards on Mineral Resources and Mineral Reserves, adopted by the CIM Council, as
amended. These definitions differ from the definitions in requirements under United States securities laws adopted by the United States Securities and Exchange Commission. Under Canadian rules, estimates of
inferred mineral resources may not form the basis of feasibility or pre‐feasibility studies, except in rare cases. Investors are cautioned not to assume that all or any part of an inferred mineral resource exists or is
economically or legally mineable. An “inferred mineral resource” is that part of a mineral resource for which quantity and grade or quality are estimated on the basis of limited geological evidence and sampling.
Geological evidence is sufficient to imply but not verify geological and grade or quality continuity. An inferred mineral resource has a lower level of confidence than that applying to an indicated mineral resource and
must not be converted to a mineral reserve. It is reasonably expected that the majority of inferred mineral resources could be upgraded to indicated mineral resources with continued exploration. Investors are
cautioned not to assume that all or any part of mineral resources determined in accordance with NI 43‐101 and CIM standards will qualify as, or be identical to, mineral resources estimated under the standards of the
SEC applicable to U.S. companies. Accordingly, information contained in this presentation may not be comparable to similar information made public by U.S. companies subject to the reporting and disclosure
requirements under the United States federal securities laws and the rules and regulations thereunder.
Forward‐Looking and Cautionary Statements
4. 4
¹ Cash position and capital structure as at June 30, 2021
² Source: Bloomberg ‐ Based on transaction value
Richard Warke
33%
Equinox Gold 17%
Lundin 5%
Mgmt 5%
Beaty 4%
Lowell 2%
Float
34%
Share Distribution
TSX SLS
Common Shares Outstanding 108M
Stock Options 8M
Warrants 39.0M / $87M
Restricted Share Units 0.5M
Diluted Shares Outstanding 155M
Cash US$60M
Capital Structure
Capital Structure¹
0
5
10
15
0
20
40
60
80
Q2/20 Q4/20 Q1/21 Q2/21 Q3/21
Price ($/sh)
Buying ($M)
$122M of insider buying over LTM
Leading all issuers in TSX materials sector²
Ross Beaty
Chair, Equinox Gold Corp.
[Equinox] has no further plans to divest
any shares for the foreseeable future.
Warintza would be of interest to any major mining
company, so I fully expect not too far away, maybe
this year, they'll get an offer they can't refuse and
we will be more than happy to exit with them.
5. 5
Richard Warke, Executive Chairman
Arizona Mining, Equinox Gold,
Augusta Resource, Ventana Gold
Daniel Earle, President & CEO
TD Securities
Linda Chang, CFO
Arizona Mining, Augusta Resource, Ventana Gold
Purni Parikh, SVP Corporate Affairs
Arizona Mining, Augusta Resource, Ventana Gold
Federico Velasquez, VP Operations
Equinox Gold, Anglo American, Alta Gas
Chad Wolahan, VP Projects
Ivanhoe Mines, Stantec, Newcrest
Jorge Fiero, VP Exploration
Equinox Gold, Lowell Copper, BHP
Tom Ladner, VP Legal
Augusta Gold, Titan Mining, BLG LLP
Jacqueline Wagenaar, VP Investor Relations
Guyana Goldfields
Greg Smith, Director
Equinox Gold, Esperanza Resources,
Minefinders
Donald Taylor, Director
Arizona Mining, BHP Minerals, Bear Creek
Kevin Thomson, Director
Barrick, Davies Ward Phillips & Vineberg LLP
Ron Walsh, Director
Walsh King LLP, Canadian Tax Foundation,
Vancouver Stock Exchange
Board & Management
Strategic Partners
Equinox Gold Corp.
Equinox Gold is an emerging mid‐tier Canadian gold
producer, dual‐listed in Canada and the US. The
company has a reserve base of over 12 Moz, with six
mines in production and two more in development,
providing an organic growth profile to over 1Moz
annual production by 2022.
Lukas Lundin
Lundin Group has led companies to numerous
discoveries and major transactions, including Lundin
Mining’s $3.3B merger with EuroZinc, the $2.0B sale of
Tanganyika Oil, and the $7.1B sale of Red Back Mining.
Ross Beaty
Ross Beaty is a serially‐successful resource
entrepreneur and founder of Pan American
Silver ($3.5B), Alterra Power ($1.1B) and Lumina
Copper, a company that turned $170M in
financing into five separate companies
generating $1.4B in shareholder value over 10
years.
Augusta Group
Mining sector‐focused management group based in
Canada and the U.S. with an unrivaled track record of
value creation totaling over $4.5B in exit transactions
since 2011, and has strategic partnerships with the
leading entrepreneurs in the mining sector.
Richard Warke
Richard Warke has led multiple successful mining
companies, including Ventana Gold (sold for $1.6B);
Augusta Resource (sold for $670M); Co‐Founded to
form Equinox Gold ($2.5B Market Cap); and Arizona
Mining (sold for $2.1B).
Leadership | Track Record of Success
8. 8
We focus on limiting our environmental impacts by:
• Responsible use of resources
• Minimal impact to environment
• Reducing waste
• Identify, analyze and manage our environmental risks
We act in a socially responsible manner and contribute
to the communities in which we operate.
• Committed to working transparently with our
employees and other stakeholders to create growth
and prosperity
• Established a committee to provide us with feedback
on our corporate social responsibility efforts
We act in an ethically responsible manner and
uphold our core values using our:
• Governance Policies and Management Systems
• Active participation in leading management and
disclosure initiatives and industry best practices
Environment
Social
Governance
Responsible Mining | Environmental, Social and Governance
9. 9
Enact prior consultation norm for indigenous peoples
Special Commission to Control Illegal Mining
Upgrade systems to enable
Ecuador| Pro Mining Government
Guillermo Lasso ‐ Strong Support for Mining Sector
o Conservative, successful self‐made entrepreneur; high credibility
and popularity; agenda of private sector economic revitalization
o Emphasizes foreign investment in formal mining sector critical to
grow economy, employment, infrastructure and tax base
o Demands social development alongside project development,
highest environmental standards
“In the medium term, Ecuador could turn into a major
mineral exporting country, such as Peru and Chile”
“I would like to congratulate and thank those visiting us from
abroad, for their presence supports start‐ups born from the
communication between companies and communities, as in the
case of Solaris in the province of Morona Santiago”
Guillermo Lasso,
President of Ecuador
9
“This will be the decade of mining in Ecuador”
“By 2030, we hope that mining will be attracting billions of dollars
of investment, generating billions of dollars in annual exports and
employing hundreds of thousands of Ecuadorians”
“As a government we are clear that mining needs to develop
because it is the future of the country"
Juan Carlos Bermeo Calderón,
Min. of Energy and Non‐Ren. Natural Res.
1. Bloomberg Barclays index
‐30.0%
‐20.0%
‐10.0%
0.0%
10.0%
20.0%
30.0%
40.0%
January‐21 March‐21 May‐21 July‐21
Bloomberg Barclays Emerging Markets Aggregate Index
Bloomberg Barclays EM USD Aggregate: Ecuador Total Return Index Unhedged USD
Markets Celebrate election of
Guillermo Lasso as President
Strengthened regulatory and
streamlined permitting environment
Ecuador’s sovereign
bonds have rallied
41% since election,
leading all emerging
market debt¹ globally
Mining Boost in 2020:
$921M exports (4% of total)
$430M corporate taxes (22%)
$374M FDI (46%)
Executive Decree 151
Signed by President Lasso August 5
Defines Mining Policy for Ecuador
Major expansion of formal mining
sector through foreign investment
11. 11
Warintza Community
Population
Community Number
Warints 300
Yawi 200
Total 500
Direct Community
Employment
Community Number
Warints, Yawi 197
Amazonia sector 174
Resto del país 50
Total 421
Responsible Mining | Socially‐Inclusive Approach
“I took a tour of the project, which fills me with joy to know
that the community and the Company are closely linked to
each other. It is a company that has won the affection of the
people of Warints and Yawi.”
‘The communities {possess a] worldview of wanting to have
better living conditions to raise their children and, through their
dignified work, will improve conditions and that has to do with
the presence of the Company boosting the families' economy.’
Freddy Villamagua
Governor of Morona Santiago, Ecuador
Community involvement at each step,
enhanced with capacity‐building program
Maximizing community involvement
key to strong and resilient alliance
Innovative approach: commitment to
transparency, education and inclusion
Government and community understanding
of impacts and benefits of project
Over 420+ direct and indirect service providers
30. 30
Resource Estimate
Warintza In‐pit Mineral Resources
Resource Tonnes CuEq
(%)
Cu
(%)
Copper
(M lbs)
Mo
(%)
Mo
(M lbs)
Au
(g/t)
Au
(oz)
Inferred 123,760,200 0.70 0.56 1,516 0.03 77.5 0.06 238,600
The Warintza Mineral Resource estimate was reported in the “Resource Estimate Of The Warintza Central Cu‐Mo Porphyry Deposit"
prepared by Equity Exploration Consultants Ltd. with an effective date of December 13, 2019. The Warintza Central Mineral Resource
statement has been prepared by Trevor Rabb, PGeo who is a qualified person as defined by NI 43‐101. The resource is reported using a
cut‐off of 0.2% copper. Solaris defines copper equivalent calculation for reporting purposes only. Copper‐equivalence calculated as:
CuEq (%) = Cu (%) + 3.33 × Mo (%) + 0.73 × Au (g/t), utilizing metal prices of Cu ‐ US$3.00/lb, Mo ‐ US$10.00/lb and Au ‐ US$1,500/oz.
Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability.
31. 31
Detailed Drill Results
Hole ID Date Reported From (m) To (m) Interval (m) Cu (%) Mo (%) Au (g/t) CuEq (%)
SLSE‐01
July 20, 2021
0 320 320 0.36 0.02 0.05 0.46
Including 0 54 54 0.49 0.01 0.05 0.56
Including 162 216 54 0.60 0.02 0.04 0.70
SLS‐26
July 7, 2021
2 1002 1000 0.51 0.02 0.04 0.60
Including 46 832 786 0.57 0.02 0.04 0.67
SLS‐25 62 444 382 0.62 0.03 0.08 0.77
Including 62 292 230 0.87 0.04 0.10 1.06
SLS‐24 10 962 952 0.53 0.02 0.04 0.62
Including 10 512 502 0.57 0.02 0.05 0.67
SLS‐19 6 420 414 0.21 0.01 0.06 0.31
SLS‐23
May 26, 2021
10 558 548 0.31 0.02 0.06 0.42
Including 10 362 352 0.34 0.02 0.06 0.46
SLS‐22 86 324 238 0.52 0.03 0.06 0.68
Including 86 186 100 0.61 0.04 0.06 0.77
SLS‐21 2 1031 1029 0.63 0.02 0.04 0.73
Including 2 422 420 0.72 0.02 0.05 0.83
SLS‐20
April 19, 2021
18 706 688 0.35 0.04 0.05 0.51
Including 18 384 366 0.44 0.04 0.04 0.60
SLS‐18 78 875 797 0.62 0.05 0.06 0.83
Including 80 450 370 0.71 0.05 0.07 0.94
SLS‐17 12 506 494 0.39 0.02 0.06 0.50
SLS‐16
Mar 22, 2021
20 978 958 0.63 0.03 0.06 0.77
Including 358 844 486 0.70 0.03 0.07 0.84
SLS‐15 2 1231 1229 0.48 0.01 0.04 0.56
Including 2 1004 1002 0.52 0.01 0.04 0.60
Including 2 696 694 0.57 0.02 0.05 0.67
SLS‐14 0 922 922 0.79 0.03 0.08 0.94
Including 34 884 850 0.82 0.03 0.08 0.98
Including 52 836 784 0.84 0.03 0.09 1.00
SLS‐13
Feb 22, 2021
6 468 462 0.80 0.04 0.09 1.00
SLS‐12 22 758 736 0.59 0.03 0.07 0.74
SLS‐11 6 694 688 0.39 0.04 0.05 0.57
SLS‐10 2 602 600 0.83 0.02 0.12 1.00
Including 56 602 546 0.88 0.03 0.12 1.06
SLS‐09 122 220 98 0.60 0.02 0.04 0.71
Including 122 168 46 0.96 0.03 0.05 1.09
SLSW‐01
Feb 16, 2021
32 830 798 0.25 0.02 0.02 0.31
Including 32 292 260 0.35 0.01 0.02 0.42
SLS‐08
Jan 14, 2021
134 588 454 0.51 0.03 0.03 0.62
Including 134 274 140 0.90 0.03 0.05 1.05
SLS‐07 0 1067 1067 0.49 0.02 0.04 0.60
Including 2 702 700 0.58 0.03 0.04 0.70
SLS‐06
Nov 23, 2020
8 892 884 0.50 0.03 0.04 0.62
SLS‐05 18 936 918 0.43 0.01 0.04 0.50
Including 18 324 306 0.52 0.02 0.04 0.62
SLS‐04 0 1004 1004 0.59 0.03 0.05 0.71
Including 0 824 824 0.64 0.03 0.05 0.77
SLS‐03
Sep 28, 2020
4 1014 1010 0.59 0.02 0.10 0.71
Including 4 892 888 0.61 0.02 0.10 0.73
Including 176 892 716 0.63 0.02 0.10 0.75
SLS‐02 0 660 660 0.79 0.03 0.10 0.97
Including 48 656 608 0.79 0.03 0.10 0.97
SLS‐01
Aug 10, 2020
1 568 567 0.80 0.04 0.10 1.00
Including 48 492 446 0.88 0.04 0.10 1.09
Notes to table: Grades are uncut and true widths have not been determined.
Hole ID Easting Northing Elevation (m) Depth (m) Azimuth (degrees) Dip (degrees)
SLSE‐01 801485 9648192 1170 1212 260 ‐45
SLS‐26 800191 9648059 1580 1032 70 ‐60
SLS‐25 799676 9648117 1443 513 220 ‐70
SLS‐24 800124 9648035 1580 962 90 ‐75
SLS‐23 799765 9648033 1571 570 270 ‐60
SLS‐22 799676 9648117 1443 562 270 ‐60
SLS‐21 800191 9648059 1580 1031 70 ‐70
SLS‐20 800124 9648035 1580 816 0 ‐75
SLS‐19 799667 9648029 1449 588 235 ‐80
SLS‐18 799676 9648117 1443 875 100 ‐70
SLS‐17 799765 9648033 1571 788 180 ‐80
SLS‐16 800124 9648035 1580 1033 272 ‐77
SLS‐15 800191 9648059 1580 1231 222 ‐80
SLS‐14 799765 9648033 1571 1020 85 ‐80
SLS‐13 799667 9648029 1499 468 0 ‐80
SLS‐12 800124 9648035 1568 782 265 ‐62
SLS‐11 800191 9648059 1570 860 280 ‐65
SLS‐10 799765 9648033 1571 690 293 ‐77
SLS‐09 800266 9648209 1493 500 0 ‐89
SLSW‐01 798507 9648465 1519 993 320 ‐66
SLS‐08 800253 9648105 1576 824 14 ‐80
SLS‐07 800191 9648065 1580 1067 52 ‐80
SLS‐06 800124 9648035 1580 1069 45 ‐79
SLS‐05 800124 9648035 1580 1063 265 ‐81
SLS‐04 800191 9648059 1580 1150 0 ‐88
SLS‐03 800191 9648059 1570 1090 289 ‐79
SLS‐02 799765 9648033 1571 744 0 ‐90
SLS‐01 799765 9648033 1571 805 351 ‐80
Notes to table: The coordinates are in WGS84 17S Datum.
(1) No adjustments were made for recovery as the project is an early‐stage exploration project and metallurgical data to allow for estimation of recoveries is not yet available. Solaris defines copper equivalent
calculation for reporting purposes only. Copper‐equivalence calculated as: CuEq (%) = Cu (%) + 3.33 × Mo (%) + 0.73 × Au (g/t), utilizing metal prices of Cu ‐ US$3.00/lb, Mo ‐ US$10.00/lb and Au ‐ US$1,500/oz.
Assay Results Collar Locations
