Latin Metals Discovers New Copper Mineralization at Mirador Project, Argentina

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Acquires 100% Curiosity within the Ventana Copper Challenge

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VANCOUVER, British Columbia, July 17, 2023 (GLOBE NEWSWIRE) — Latin Metals Inc.
(“Latin Metals” or the “Firm”) – (TSXV: LMS) (OTCQB: LMSQF), a number one mineral exploration firm in South America, pronounces vital progress in its Mirador mission in Argentina with the invention of extra outcropping copper mineralization, the place an intensive drainage survey is underway to display all the property. Preliminary prospecting at Mirador (earlier information launch January 17, 2023) recognized outcropping sediment-hosted copper mineralization with one pattern grading 2.4% copper. The invention served as important proof of idea for Latin Metals.

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The latest mapping of extra outcropping copper mineralization builds upon this success, reinforcing the validity of the corporate’s exploration thesis. Exploration at Mirador started final month and it’s deliberate that the property might be systematically coated by drainage sampling and prospecting. At this early stage the Firm’s geologists have solely walked over roughly 10% of this very giant property and so it’s encouraging to have already positioned extra outcropping copper mineralization. (Determine 1)

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Determine 1: Newly found outcropping sediment-hosted copper mineralization at Mirador. Yellow dashed strains point out minimal stratigraphic thickness of mineralization. Current alluvial sediment obscures the geological boundary.

Along with the developments at Mirador, Latin Metals is happy to report the acquisition of a 100% curiosity within the Ventana copper mission (“Ventana” or the “Challenge”) by an settlement with Dreston SRL (“DSRL”), pursuant to which Latin Metals has bought from DSRL (by way of an oblique subsidiary of Latin Metals), a 100% curiosity within the Challenge (Determine 2), for whole money consideration of $1,000,000 Argentine pesos. Located in Salta Province, northwest Argentina, the Ventana mission presents extra prospects for the invention of sediment-hosted copper mineralization.

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Along with the Firm’s Mirador mission and the latest acquisition of the Solario mission, this extra acquisition additional solidifies Latin Metals’ place as first mover on this rising copper belt.

Determine 2: Location of the newly acquired Ventana Challenge (pink highlights), along with Mirador and Solario Initiatives.

Ventana Challenge Highlights:

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Future Work

As a part of its forward-looking technique, Latin Metals intends to provoke a large-scale regional stream sediment sampling program throughout its Mirador, Solario, and Ventana copper exploration tasks. With one subject crew already operational, Latin Metals plans to deploy extra groups to expedite the preliminary screening of those three properties over the following six months. This complete geochemical screening is anticipated to spotlight essentially the most promising areas for additional exploration.

About Latin Metals

Latin Metals is a mineral exploration firm buying a diversified portfolio of belongings in South America. The Firm operates with a Prospect Generator mannequin specializing in the acquisition of potential exploration properties at minimal value, finishing preliminary analysis by cost-effective exploration to ascertain drill targets, and finally securing three way partnership companions to fund drilling and superior exploration. Shareholders acquire publicity to the upside of a major discovery with out the dilution related to funding the highest-risk drill-based exploration.

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QA/QC

The work program at Ventana was designed and supervised by Eduardo Leon, the Firm’s Exploration Supervisor, who might be accountable for all features of the work, together with the standard management/high quality assurance of the next packages.

Certified Individual

Keith J. Henderson, P.Geo., is the Firm’s certified particular person as outlined by NI 43-101 and has reviewed the scientific and technical info that types the premise for parts of this information launch. He has permitted the disclosure herein. Mr. Henderson is just not unbiased of the Firm, as he’s an worker of the Firm and holds securities of the Firm.

On Behalf of the Board of Administrators of

LATIN METALS INC.

“Keith Henderson”

President & CEO

For additional particulars on the Firm readers are referred to the Firm’s web page (www.latin-metals.com) and its Canadian regulatory filings on SEDAR at www.sedar.com.

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For additional info, please contact:

Keith Henderson

Suite 890 – 999 West Hastings Avenue,
Vancouver, BC, V6C 2W2

Cellphone: 604-638-3456
E-mail: info@latin-metals.com

Neither TSX Enterprise Change nor its Regulation Providers Supplier (as that time period is outlined within the insurance policies of the TSX Enterprise Change) accepts duty for the adequacy or accuracy of this information launch.

Cautionary Word Concerning Ahead-Wanting Statements

This information launch comprises forward-looking statements and forward-looking info (collectively, “forward-looking statements”) inside the that means of relevant Canadian and U.S. securities laws, together with america Personal Securities Litigation Reform Act of 1995. All statements, apart from statements of historic reality, included herein together with, with out limitation, statements concerning the negotiation of the Choice Agreements and train of the Choice for the Properties, the anticipated content material, graduation, timing and price of exploration packages in respect of the Properties and in any other case, anticipated exploration program outcomes from exploration actions, and the Firm’s expectation that it will likely be in a position to enter into agreements to accumulate pursuits in extra mineral properties, the invention and delineation of mineral deposits/assets/reserves on the Properties, and the anticipated enterprise plans and timing of future actions of the Firm, are forward-looking statements. Though the Firm believes that such statements are cheap, it can provide no assurance that such expectations will show to be appropriate. Usually, however not at all times, ahead trying info may be recognized by phrases resembling “professional forma”, “plans”, “expects”, “could”, “ought to”, “funds”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, “believes”, “potential” or variations of such phrases together with detrimental variations thereof, and phrases that discuss with sure actions, occasions or outcomes that will, may, would, would possibly or will happen or be taken or achieved. In making the forward-looking statements on this information launch, the Firm has utilized a number of materials assumptions, together with with out limitation, market fundamentals will end in sustained valuable and base metals demand and costs, the receipt of any crucial permits, licenses and regulatory approvals in reference to the longer term improvement of the Firm’s Argentine tasks in a well timed method, the supply of financing on appropriate phrases for the event, building and continued operation of the Firm tasks, and the Firm’s capability to adjust to environmental, well being and security legal guidelines.

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Ahead-looking statements contain identified and unknown dangers, uncertainties and different elements which can trigger the precise outcomes, efficiency or achievements of the Firm to vary materially from any future outcomes, efficiency or achievements expressed or implied by the forward-looking info. Such dangers and different elements embrace, amongst others, working and technical difficulties in reference to mineral exploration and improvement and mine improvement actions on the Properties, together with the geological mapping, prospecting and sampling packages being proposed for the Properties (the “Packages”), precise outcomes of exploration actions, together with the Packages, estimation or realization of mineral reserves and mineral assets, the timing and quantity of estimated future manufacturing, prices of manufacturing, capital expenditures, the prices and timing of the event of latest deposits, the supply of a enough provide of water and different supplies, necessities for added capital, future costs of valuable metals and copper, modifications basically financial situations, modifications within the monetary markets and within the demand and market value for commodities, doable variations in ore grade or restoration charges, doable failures of crops, gear or processes to function as anticipated, accidents, labour disputes and different dangers of the mining trade, delays or the lack of the Firm to acquire any crucial permits, consents or authorizations required, any present or future property acquisitions, financing or different deliberate actions, modifications in legal guidelines, laws and insurance policies affecting mining operations, hedging practices, foreign money fluctuations, title disputes or claims limitations on insurance coverage protection and the timing and doable final result of pending litigation, environmental points and liabilities, dangers associated to three way partnership operations, and dangers associated to the mixing of acquisitions, in addition to these elements mentioned below the heading “Danger Elements” within the Firm’s newest Administration Dialogue and Evaluation and different filings of the Firm with the Canadian Securities Authorities, copies of which may be discovered below the Firm’s profile on the SEDAR web site at www.sedar.com.

Readers are cautioned to not place undue reliance on ahead trying statements. Besides as in any other case required by regulation, the Firm undertakes no obligation to replace any of the forward-looking info on this information launch or integrated by reference herein.

Figures accompanying this announcement can be found at
https://www.globenewswire.com/NewsRoom/AttachmentNg/654eef2d-4f3e-47e0-9fe9-08d4c70c8306

https://www.globenewswire.com/NewsRoom/AttachmentNg/89bf48d8-e654-470c-8457-8ab6ddf5cdeb

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