Hot Chili Confirms Major High-Grade Extension at La Verde from Standout Drill Result of 62 m @ 1.03% CuEq Superscript 1 within 725 m @ 0.42% CuEq Superscript 1 from 18 m depth

• On 8 Apr 2026 the company announced a landmark intercept in hole DKD039 at La Verde: 725 m @ 0.42 % CuEq, with a 62 m interval grading 1.03 % CuEq extending the high‑grade core ~200 m down‑dip.
• The result is described as the “most significant drill result to date” and confirms a major down‑dip extension of the high‑grade zone that underpins the planned higher‑grade starter pit for the adjacent Costa Fuego project.
• Two rigs are already on site; a third rig will be mobilised in May to accelerate definition of a higher‑grade resource and support a feasibility study.
• All assay results for eleven additional holes (four diamond, seven RC) are still pending.

• Materiality: The intercept adds both length and grade to the core that is central to the company’s value driver – a starter pit that could dramatically improve early cash‑flow and NPV of Costa Fuego.
• Expectation vs. reality: Prior releases (Feb 2026, Dec 2025) highlighted high‑grade near‑surface intercepts and projected a down‑dip extension. This result exceeds those expectations by delivering the widest high‑grade core yet and confirming depth continuity, moving the project from “promising” to “near‑term economic”.
• Market impact: The news is genuinely new (no prior public disclosure of this specific interval) and should be viewed as a catalyst that justifies re‑rating the stock upward. It is not merely routine drill follow‑up; it materially upgrades the resource potential and de‑rises capital risk for the starter pit.

Hot Chili Ltd. is an Australian‑registered explorer focused on copper‑gold porphyry systems in Chile’s Atacama region. Its flagship Costa Fuego project comprises a large, near‑surface Cu‑Au system with a 502 Mt Probable Ore Reserve (0.37 % Cu, 0.10 g/t Au). The newly discovered La Verde satellite deposit lies ~30 km south and is being drilled to define a high‑grade starter pit that could accelerate cash‑flow generation.