Hot Chili Ltd.

Shallow, High Grade, Copper-Silver at Valentina Exceptional grades at shallow depth from the Valentina copper-silver deposit, part the Company's low-altitude, Costa Fuego senior copper development in Chile Drill hole VALMET0002 returned 3m @ 12.1% CuEq from 29m depth down-hole & 52.6g/t silver ) The new diamond drill result lies within a broader 12m intersection grading 4.6% CuEq from 25m depth down-hole Mineralisation in [...]

Hot Chili Ltd. is pleased to announce that Chile´s Central Authority Electrical Regulator has approved the Company's application for connection to the Maitencillo sub-electrical power station, located 17 km from the centre of its Costa Fuego senior copper development in Chile. Connection to Maitencillo is a key step forward for the development of Costa Fuego, providing access to Chile's national energy grid and its [...]

Valentina Delivers Hot Chili's Highest-Grade Result 8m grading 5.7% Copper & 24g/t Silver Highlights · New assay results from the Valentina copper deposit confirm a potential second high grade satellite addition for the Company's low-altitude, Costa Fuego senior copper development in Chile · Drill hole VAP0009 returned 8m grading 5.9% CuEq from 27m depth down-hole · VAP0009 extends high grade mineralisation by 120m to [...]

Costa Fuego Delivers Outstanding Copper-Gold Drill Results o 552m grading 0.6% CuEq including 248m grading 0.8% CuEq from 232m depth down-hole including 134m grading 0.8% CuEq from 470m depth down-hole including 130m grading 0.9% CuEq from 662m depth o 484m grading 0.5% CuEq from 548m depth down-hole including 56m grading 1.0% CuEq from 644m depth, o 45m grading 1.2% CuEq from 280m depth downhole including 8m grading [...]

Highlights • Assay results returned from Development Study drillholes for the Costa Fuego senior copper development in Chile confirm further high-grade growth ahead of next resource upgrade • Standout copper and gold drill results include: o 484m grading 0.5% CuEq* including 56m grading 1.0% CuEq from 644m depth, and including 206m grading 0.7% CuEq from 800m depth o 45m grading 1.2% CuEq from 280m downhole [...]

Hot Chili Ltd. advises that it has issued an aggregate of 6,588,126 ordinary shares of the Company in satisfaction of A$6,081,458.72 payable for the remaining principal amount plus accrued interest on the convertible notes of the Company that matured on June 22, 2022 . The issue price per Ordinary Share of A$0.92309 was determined in accordance with the terms set out in the convertible note trust deed dated May 25, 2017 [...]

Highlights • Drilling has discovered a significant extension to the high grade Valentina copper deposit, part of the Company's low-altitude, Costa Fuego senior copper development in Chile • Diamond drill hole VALMET002 has intersected a shallow zone of copper sulphide and oxide mineralisation approximately 120m south of the Valentina underground mine workings • VALMET002 recorded a strong visual drilling [...]

Hot Chili Ltd. advises that it has issued an aggregate of 33,704 ordinary shares of the Company at a deemed value of A$1.6665 per Ordinary Share to a holder of convertible notes of the Company that elected to convert its Convertible Notes in accordance with the terms thereof. The Convertible Notes were issued by the Company on the terms set out in a trust deed dated May 25, 2017 and varied June 19, 2017. The Ordinary [...]

Highlights · More significant results from development study drilling at the Cortadera porphyry discovery, part of the Company's low-altitude, Costa Fuego senior copper development in Chile · CORMET005 returned 658m grading 0.6% CuEq , 0.2g/t gold , 122ppm molybdenum ) from 232m depth down-hole, including 134m grading 0.8% CuEq from 470m depth, and including 130m grading 0.9% CuEq from 662m depth at the main porphyry [...]

Hot Chili Ltd. is pleased to announce that it has filed a National Instrument 43-101 Technical Report for its Costa Fuego copper-gold project in Chile. The Report titled "Resource Report For the Costa Fuego Copper Project Located in Atacama, Chile Technical Report NI43-101" and dated May 13, 2022, with an effective date of March 31 2022, was prepared pursuant to National Instrument 43-101 . It is available for review on [...]