Hot Chili Quarterly Report - Period Ending 30 June 2026

Canada NewsWire PERTH, Australia , July 30, 2026 /CNW/ -- Highlights La Verde Emerging as Hot Chili Cornerstone Asset Drilling at the Company's La Verde copper-gold (Cu-Au) porphyry deposit in coastal Chile continued during the quarter, with a third drill rig commencing in May. La Verde is one of Chile's most significant new coastal Cu-Au porphyry discoveries and is fast-shaping as a cornerstone asset for the Company's coastal range Costa Fuego copper-gold (Cu-Au) project. Standout results reported during the quarter included: DKD044 recorded 391.1 m grading 0.51% CuEq ¹ (0.42% Cu, 0.11 g/t Au) from surface , including: 17.8 m grading 0.68% CuEq (0.63% Cu, 0.06 g/t Au) from surface 40.7 m grading 0.60% CuEq (0.50% Cu, 0.12 g/t Au) from 103.3 m 85.4 m grading 0.61% CuEq (0.50% Cu, 0.15 g/t Au) from 160 m 19.7 m grading 0.70% CuEq (0.57% Cu, 0.15g/t Au) from 276.1 m DKP053 recorded 250 m grading 0.50% CuEq (0.39% Cu, 0.14g/t Au) from 64 m depth, including 36 m grading 0.72% CuEq (0.59% Cu, 0.18g/t Au) from 82 m DKP054 recorded 124 m grading 0.46% CuEq (0.40% Cu, 0.07g/t Au) from 42 m depth, including 26 m grading 0.71% CuEq (0.63% Cu, 0.10g/t Au) from 58 m DKP058 recorded 108 m grading 0.54% CuEq (0.45% Cu, 0.11 g/t Au) from 24 m depth, including 32 m grading 0.60% CuEq (0.52% Cu, 0.12 g/t Au) from 24 m DKD049 recorded 213 m grading 0.44% CuEq (0.38% Cu, 0.07g/t Au) from 504 m depth, including 57.3 m grading 0.60% CuEq (0.51% Cu, 0.10 g/t Au) from 535.8 m DKP028D recorded 258.9 m grading 0.42% CuEq (0.33% Cu, 0.09 g/t Au) from 358 m, including 27.4 m grading 0.76% CuEq (0.63% Cu, 0.16 g/t Au) from 499.5 m Assays pending for 21 drillholes (three DD, three DD tails and 15 RC) and second accredited laboratory now operating at full capacity – significantly improving Hot Chili's assay turnaround times Hot Chili Secures US$15 Million Via Amendment Agreement with OR Royalties La Verde, a pre-resource asset, is now added