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hot chili limited Quarterly Report • • • • Period Ending June 30th 2021 Highlights Cortadera On - Track for Resource Upgrade This Year Step - out drilling confirms that the two largest porphyries join at depth , with eleven new extensional drilling intersections returned post Cortadera 451 Mt resource estimate High grade intersection of 144m grading 1.0 % CuEq * recorded , demonstrating strong continuity across northern flank of main porphyry and potential for lateral expansion of high grade core at Cortadera . All three drill rigs focussed on extensional drilling with 6,352m of assay results outstanding . Costa Fuego PFS Commences Wood appointed as lead engineer for Costa Fuego Pre - Feasibility Study ( PFS ) , aiming to create a globally significant , low altitude , clean concentrate , copper - gold project , which can leverage from a central processing and combined infrastructure approach . HCH Market Reach Expanding Hot Chili commenced trading on the OTCQB venture market , and kicked off TSXV dual listing process- a key step toward future funding and development of the Costa Fuego copper - gold project in Chile . RC and Diamond Drill Rigs operating at Cortadera , July 2021 Hot Chili Limited ACN 130 955 725 First Floor , 768 Canning Highway , Applecross , Western Australia 6153 ☑ PO Box 1725 , Applecross , Western Australia 6953 ASX : HCH P : +61 8 9315 9009 F : +61 8 9315 5004 www.hotchili.net.au Contact Mr Christian Easterday Managing Director E : admin@hotchili.net.au 1