Mr. Keith Henderson reports

LATIN METALS ANNOUNCES PRIVATE PLACEMENT FOR GROSS PROCEEDS UP TO $1.0 MILLION

Latin Metals Inc. has arranged a non-brokered private placement of up to 9,090,090 units for a subscription price of 11 cents per unit, to raise total gross proceeds of up to $1.0-million. Each unit will consist of one common share in the capital of Latin Metals and one common share purchase warrant, each entitling the holder thereof to purchase one share at a price of 20 cents per share for a period of 36 months from the closing of the financing. If the volume-weighted average price of the company's shares is greater than or equal to 30 cents for 15 consecutive trading days, the company may accelerate the expiry date of the warrants by providing written notice to the holder, in which case the warrants will expire 30 days from the date of such notice.

The proceeds of the financing are intended to finance exploration and generative work, and for general working capital.

The company may pay finders' fees on all or a portion of the financing, consisting of a cash commission equal to up to 7 per cent of the total gross proceeds raised and finders' warrants equal to up to 7 per cent of the total number of units issued, where each finder's warrant will entitle the holder thereof to purchase one share at a price of 11 cents per share for a period of 12 months from the closing of the financing.

All securities issued in connection with the financing will be subject to a hold period of four months and one day in Canada. The financing is subject to the receipt of all necessary approvals, including acceptance for filing of the financing by the TSX Venture Exchange and any applicable securities regulatory authorities. Any participation by directors or officers in the financing is considered a related party transaction within the meaning of Multilateral Instrument 61-101, Protection of Minority Security Holders in Special Transactions. The related party transaction will be exempt from the formal valuation and minority shareholder approval requirements of MI 61-101, as neither the fair market value of the securities to be issued under the financing nor the consideration to be paid by the directors and officers, will exceed 25 per cent of the company's market capitalization.

About Latin Metals Inc.

Latin Metals is a copper, gold and silver exploration company operating in Peru and Argentina under a prospect generator model, minimizing risk and dilution while maximizing discovery potential. With 18 projects, the company secures option agreements with major mining companies to finance exploration. Current option holders include AngloGold Ashanti (the Organullo gold project) and Moxico Resources (the Esperanza and Huachi copper-gold projects). This approach provides early-stage exposure to high-value mineral assets. Latin Metals is actively seeking new strategic partners to advance its portfolio.

Upcoming conferences

Latin Metals will be actively presenting and meeting with investors at the following events:

• 121 Mining Investment Conference -- London (May 12, 2025, to May 13, 2025);
• Deutsche Goldmesse -- Frankfurt (May 16, 2025, to May 17, 2025);
• The Mining Event -- Quebec City (June 3, 2025, to June 5, 2025).

These events provide key opportunities to showcase Latin Metals' progress and introduce its high-quality portfolio to new strategic and institutional audiences.

We seek Safe Harbor.