Mr. Keith Henderson reports

LATIN METALS REPORTS AGM RESULTS

Latin Metals Inc. has released the results of its annual general meeting of shareholders held on July 10, 2024, in Vancouver, B.C. All the motions presented to the shareholders were approved.

Votes representing 48,668,109 shares were cast, representing 59.73 per cent of the issued and outstanding shares at the record date. A summary of the voting results is outlined in an attached table.

Appointment of Felicia de la Paz as an independent director

The company welcomes Ms. de la Paz (CPA, CA) to its board of directors as an independent director and chair of the audit committee.

Ms. de la Paz is a chartered professional accountant with 15 years of experience in accounting and financial reporting in the natural resources sector. She currently serves as chief financial officer of FPX Nickel Corp. Previously, Ms. de la Paz spent six years with Equinox Gold Corp., where she was responsible for corporate accounting, financial reporting, systems development and managing the integration of several acquisitions across multiple jurisdictions for operating and large-scale development projects. Following her time at Equinox Gold, Ms. de la Paz served as vice-president of finance at Vida Carbon, a start-up carbon royalty and streaming company.

Ms. de la Paz holds a bachelor of commerce degree from the University of British Columbia and previously articled with KPMG LLP in Vancouver, B.C.

Retirement of director from the board

Ryan King, an independent director, did not stand for re-election to the board, effective July 10, 2024. The board would like to thank Mr. King for his significant contribution to the board over the past five years and wishes him every success with his other ventures.

Incentive stock options

The company has granted 950,000 common share stock options to certain directors, officers and consultants of the company. The options entitle the holder(s) to purchase shares at a price of 10 cents per share for a period of 36 months from the grant date. Including this issuance, the company has now set options representing 8.5 per cent of the issued and outstanding stock.

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.