Copper

Hot Chili Limited (ASX:HCH; TSXV:HCH; OTCQX:HHLKF) ("Hot Chili" or the "Company") advises that it has issued an aggregate of 6,588,126 ordinary shares of the Company ("Ordinary Shares") 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 "Maturity Date").

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 and varied June 19, 2017, being the 10-day volume weighted average price of the Ordinary Shares on the Australian Securities Exchange to the Maturity Date. The Ordinary Shares are not subject to a statutory hold period under applicable securities laws.

About Hot Chili

Hot Chili Limited is a mineral exploration company with assets in Chile. The Company's flagship project, Costa Fuego, is the consolidation into a hub of the Cortadera porphyry copper-gold discovery and the Productora copper-gold deposit, set 14 km apart in an excellent location - low altitude, coastal range of Chile, infrastructure rich, low capital intensity. The Costa Fuego landholdings, contains an Indicated Resource of 725Mt grading 0.47% CuEq (copper equivalent), containing 2.8 Mt Cu, 2.6 Moz Au, 10.4 Moz Ag, and 67 kt Mo and an Inferred Resource of 202 Mt grading 0.36% CuEq containing 0.6Mt Cu, 0.4 Moz Au, 2.0 Moz Ag and 13 kt Mo, at a cut-off grade of +0.21% CuEq for open pit and +0.30% CuEq for underground. The Company is working to advance its Costa Fuego Project through a preliminary feasibility study (followed by a full FS and DTM), and test several high-priority exploration targets.

Certain statements contained in this news release, including information as to the future financial or operating performance of Hot Chili and its projects may include statements that are "forward-looking statements" which may include, amongst other things, statements regarding targets, estimates and assumptions in respect of mineral reserves and mineral resources and anticipated grades and recovery rates, production and prices, recovery costs and results, and capital expenditures and are or may be based on assumptions and estimates related to future technical, economic, market, political, social and other conditions.These forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by Hot Chili, are inherently subject to significant technical, business, economic, competitive, political and social uncertainties and contingencies and involve known and unknown risks and uncertainties that could cause actual events or results to differ materially from estimated or anticipated events or results reflected in such forward-looking statements.

Hot Chili disclaims any intent or obligation to update publicly or release any revisions to any forward-looking statements, whether as a result of new information, future events, circumstances or results or otherwise after the date of this news release or to reflect the occurrence of unanticipated events, other than as may be required by law. The words "believe", "expect", "anticipate", "indicate", "contemplate", "target", "plan", "intends", "continue", "budget", "estimate", "may", "will", "schedule" and similar expressions identify forward-looking statements.

All forward-looking statements made in this news release are qualified by the foregoing cautionary statements. Investors are cautioned that forward-looking statements are not a guarantee of future performance and accordingly investors are cautioned not to put undue reliance on forward-looking statements due to the inherent uncertainty therein.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

Contact Details

Investor Relations

Graham Farrell

+1 416-842-9003

Graham.Farrell@harbor-access.com

Investor Relations

Jonathan Paterson

+1 475-477-9401

Jonathan.Paterson@harbor-access.com

Managing Director

Christian Easterday

admin@hotchili.net.au

Company Website

https://www.hotchili.net.au/investors/

Source

Click here to connect with Hot Chili Limited (ASX:HCH; TSXV:HCH; OTCQX:HHLKF) to receive an Investor Presentation

HCH:CA
Hot Chili Limited

Hot Chili Limited

Hot Chili Ltd is a mineral exploration company with a focus on copper. The company's flagship Costa Fuego copper hub in Chile is comprised of two major copper deposits, Productora and Cortadera, containing 2.9Mt of copper and 2.7MM ounces of gold. Hot Chili's projects are close to infrastructure and are easily accessible in a mining friendly jurisdiction.

Another High Grade Boost for Cortadera 658m at 0.6% CuEq including 130m at 0.9% CuEq

(NewsDirect)

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Hot Chili Limited

Hot Chili Files NI 43-101 Technical Report for the Costa Fuego Copper-Gold Project in Chile

Hot Chili Ltd. ("Hot Chili" or the "Company") (TSXV:HCH, OTCQX:HHLKF, ASX:HCH) is pleased to announce that it has filed a National Instrument 43-101 Technical Report ("The 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 (the "Technical Report"). It is available for review on both SEDAR (www.sedar.com) and the Company's website (www.hotchili.net.au).

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Hot Chili Files NI 43-101 Technical Report for the Costa Fuego Copper-Gold Project in Chile

(NewsDirect)

Hot Chili Ltd. ("Hot Chili" or the "Company") (TSXV:HCH, OTCQX:HHLKF, ASX:HCH) is pleased to announce that it has filed a National Instrument 43-101 Technical Report ("The Report") for its Costa Fuego copper-gold project in Chile.

News Provided by TheNewsWire via QuoteMedia

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(NewsDirect)

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