Mr. Keith Henderson reports

LATIN METALS APPOINTS EDUARDO LEON AS VICE PRESIDENT OF EXPLORATION AND QUALIFIED PERSON

Latin Metals Inc. has appointed Eduardo Leon to vice-president of exploration. As part of his new role, Mr. Leon has been designated as the company's qualified person under National Instrument 43-101. The company also announces upsizing of its previously announced private placement for gross proceeds of up to $1.3-million.

Appointment of vice-president, exploration

Mr. Leon has been a key contributor to Latin Metals since joining the company in 2020 as exploration manager. Over the past five years, he has led the company's technical efforts across its South American portfolio and was instrumental in identifying the sediment-hosted copper potential in northwestern Argentina that led to the company acquiring a significant land position in the region.

"Eduardo's promotion reflects his strong leadership, technical acumen and ability to think strategically about exploration," commented Keith Henderson, president and chief executive officer of Latin Metals. "His expertise is strongly aligned with Latin Metals' prospect generator model, which aims to maximize exploration upside for shareholders while minimizing dilution. Acquisition of the right projects and quickly applying the right suite of exploration techniques are the most important steps in building an attractive portfolio of projects. His recognition of exploration potential to attract option partners is key to our process."

Mr. Leon is a geologist with 20 years of experience working across multiple countries in Latin America, including Chile, Brazil, Mexico, Nicaragua, El Salvador, the Dominican Republic, Ecuador, Peru and Argentina. He has been involved in all phases of the exploration process, from leading grassroots exploration to advanced project development. Mr. Leon has an exceptional record in exploration and has experience across a diverse range of deposit types. He holds a BSc in geology and is currently completing a professional master's degree in mineral exploration at the Colorado School of Mines.

Upsized private placement

The company also announces that, due to investor interest in its non-brokered private placement announced on May 5, 2025, it is upsizing the financing to raise total gross proceeds of up to $1.3-million. The financing will consist of up to 11,818,182 units in the capital of the company at a subscription price of 11 cents per unit. Each unit will consist of one common share in the capital of Latin Metals and one common share purchase warrant, with each warrant 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, subject to acceleration provisions (see previous news release dated May 5, 2025).

The proceeds of the financing are intended to finance exploration, 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 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.

Incentive stock options

The company announces that it has granted 750,000 common share stock options to certain consultants of the company. The options entitle the holder to purchase shares at a price of 12 cents per share for a period of 36 months from the grant date. Including this issuance, the company has now set options representing 8.6 per cent of the issued and outstanding stock.

Coming events

Latin Metals is pleased to announce its participation in several coming industry conferences, providing a platform to connect with investors, industry leaders and potential partners:

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

These events offer valuable opportunities to share Latin Metals' exploration progress in Argentina and Peru, highlight the advantages of its low-dilution prospect generator model, and explore strategic investment and partnership opportunities across its gold-, copper- and silver-focused portfolio.

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.

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