Mr. Keith Henderson reports

LATIN METALS SIGNS COMMUNITY AGREEMENT AND INITIATES EXPLORATION AT THE JACHA PROJECT, SOUTHERN PERU

Latin Metals Inc. has signed an agreement with the community of Sahua Sahua located in Paruro, Cusco region. The agreement clears the path for exploration at the company's 100-per-cent-owned Jacha project. Latin Metals' staff have begun collecting soil and rock samples at this high-priority project.

Keith Henderson, chief executive officer, commented: "The Jacha project is located in the Andahuaylas-Yauri belt in southern Peru, an established porphyry/skarn mining district, host to the Las Bambas and Huaquira copper mines. Latin Metals acquired the project in 2020 and quickly set out a stakeholder engagement strategy with the objective of securing a community agreement. We determined that it was crucial to establish this agreement prior to commencing any work to ensure that our relationship with the community began on a positive note."

Planned work

A soil survey grid is in progress with samples being collected on a 200-metre by 200 m grid and the company is planning to cover at least 1,000 hectares with this phase 1 work. Each sample will be analyzed at Latin Metals' Lima office using a portable XRF (X-ray fluorescence) instrument to determinate the principal copper-zinc-lead anomalies and highest-grade samples will be shipped to a laboratory for ICP (inductively coupled plasma) analysis.

Sampling will be accompanied by detailed outcrop mapping and rock chip sampling.

Quality assurance/quality control (QA/QC)

The work program in Jacha will be designed and supervised by Eduardo Leon, the company's exploration manager, who is responsible for all aspects of the work, including the quality control/quality assurance program.

Qualified person

The technical content of this release has been approved for disclosure by Mr. Henderson, PGeo, a qualified person as defined by National Instrument 43-101 and the company's chief executive officer. Mr. Henderson is not independent of the company, as he is an employee of the company and holds securities of the company.

About Latin Metals Inc.

Latin Metals is a mineral exploration company acquiring a diversified portfolio of assets in South America. The company operates with a prospect generator model, focusing on the acquisition of prospective exploration properties at minimum cost, completing initial evaluation through cost-effective exploration to establish drill targets, and ultimately securing joint venture partners to finance drilling and advanced exploration. Shareholders gain exposure to the upside of a significant discovery without the dilution associated with financing the highest-risk drill-based exploration.

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