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hot chili limited Quarterly Report Period Ending 30th September 2021 Highlights Hot Chili Completes $ 40 Million Capital Raising • Glencore becomes 9.99 % strategic shareholder and adds representative to Hot Chili's Board • Final US $ 15 million instalment satisfied for 100 % ownership of the Cortadera copper - gold discovery in Chile Cortadera Continues to Expand Ahead of Resource Upgrade • Further strong extensional drill results from 40,000m drilling programme at Cortadera о 168m grading 1.0 % CuEq ( 0.8 % Cu , 0.3g / t Au ) from 682m depth ( CRP0088D ) ○ 82m grading 1.0 % CuEq ( 0.7 % Cu , 0.3g / t Au ) from 634m depth ( CRP0124D ) 138m grading 0.8 % CuEq ( 0.6 % Cu , 0.1g / t Au ) from 634m depth ( CRP0134D ) Costa Fuego Expands Reach and Readies for New Growth Drilling Phase • • Low - cost rope - conveyor transport and handling confirmed in Costa Fuego Pre - Feasibility Study Advanced Three - Dimensional ( 3D ) Geochemical targeting has been applied for the first time across Hot Chili's consolidated Costa Fuego landholding - several large targets being prepared for first drilling Proposed Share Consolidation in Advance of Planned Dual Listing in Canada • • Preparations to dual - list the Company in Canada this year are on - track A fifty to one share consolidation is proposed for shareholder approval to provide a more efficient and appropriate share price for a wider range of investors , particularly North American institutional investors Los Losas Port ( CAP ) Huasco Power / Water Easements Conveyor 15km Rope Pan American Highway Vallenar Relincho Productora 40km conveyor Cortadera Teck La Fortuna hot Ichili | limited Costa Fuego Cu - Au Development NEWMONT Nueva Union Cu - Au Development GOLDCORP Low - altitude , Costa Fuego combined coastal development in relation to Nuevo Union combined development , Chile Hot Chili Limited ACN 130 955 725 First Floor , 768 Canning Highway , Applecross , Western Australia 6153 f 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