Solitario Resources Announces Share Issuance to Newmont Under the Amended Investor Rights Agreement

About this update from Solitario Resources Corp.

DENVER, CO / ACCESS Newswire / May 13, 2026 / Solitario Resources Corp. ("Solitario" or the "Company") (NYSE American:XPL)( TSX:SLR) is pleased to announce the purchase and sale of 305,195 shares (the "Shares") of Company common stock, at a price of $0.77 per share for total gross proceeds of US$235,000 (the "Sale"). The Sale was made under the terms of the Amended and Restated Investor Rights Agreement dated June 11, 2025 (the "IRA") between Solitario and Newmont Overseas Exploration Ltd. ("Newmont"), a wholly owned subsidiary of Newmont Corporation. Newmont chose to exercise a right to acquire the Shares as permitted by the IRA at the average price of shares sold through Solitario's at-the-market program sales from Nov. 13, 2025, through April 6, 2026.Upon the issuance of the Shares, Newmont will hold 8,759,162 shares of Solitario common stock or approximately 9.4% of the outstanding shares, maintaining Newmont's interest prior to the current period's at-the-money program.Chris Herald, President and CEO of Solitario, stated: "We are delighted that Newmont elected to exercise its right to maintain its ownership stake in Solitario and its equity ownership in Solitario."The Company did not engage an underwriter or registered placement agent for the Sale, and there were no underwriter discounts or commissions or placement agent fees. The net proceeds of the Sale will be used to advance the Company's exploration activities at its core projects and for general corporate purposes. Additional information regarding the Sale will be included in one or more reports to be filed by the Company with the Securities and Exchange Commission and United States and Canadian regulatory agencies, and this press release is subject to the further detail provided in such reports.About SolitarioSolitario is a natural resource exploration company focused on potential high-quality Tier-1 gold, zinc, copper, and critical metals projects. The Company's common stock is traded on the NYSE American ("XPL") and on the Toronto Stock Exchange ("SLR"). Solitario owns a 100% interest in the 31,500-acre Golden Crest gold project in South Dakota. Solitario's Management and Directors hold approximately 7.8% (excluding options) of the Company's 93.1 million shares outstanding. Solitario's cash balance stands at approximately US$8.6 million. Additional information about Solitario is available on...

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