Solaris Announces Proposed Spin-Out of Non-Core Assets to Create Solaris Exploration Inc.

VANCOUVER, BC, Dec. 6, 2021 /CNW/ – Solaris Resources Inc. (TSX: SLS) (OTCQB: SLSSF) (“Solaris” or the “Company“) announces its intention to transfer its non-core assets held in Ecuador, Peru, Chile and Mexico into a newly incorporated wholly-owned subsidiary of Solaris named Solaris Exploration Inc. (“Solaris Exploration“) pursuant to an internal re-organization (the “Re-Organization“). Following the Re-Organization, it is expected that 100% of the common shares of Solaris Exploration will be spun out to shareholders relative to their shareholdings in Solaris (the “Spin-Out“).  Solaris will continue to focus on rapidly growing and advancing its Warintza Project in southeastern Ecuador, while Solaris Exploration will allow shareholders to capture additional long-term value from the Solaris Exploration shares distributed pursuant to the Spin-Out.

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