Mr. Keith Henderson reports

LATIN METALS SECURES DRILL PERMIT FOR ORGANULLO GOLD PROJECT, SALTA PROVINCE, ARGENTINA

A social and environmental impact report (SEIR) (informe de impacto ambiental y social -- etapa de exploracion avanzada) has been approved for exploration drilling at Latin Metals Inc.'s Organullo gold project, located in Salta province, Argentina. The SEIR approval is issued in favour of Cardero Argentina S.A., a wholly owned subsidiary of Latin Metals, and authorizes various exploration activities, including up to 11,900 metres (m) of diamond drilling.

The project is subject to an option agreement with AngloGold Argentina Exploraciones S.A., a wholly owned subsidiary of AngloGold Ashanti PLC, under the terms of which AngloGold Ashanti has an option to earn an aggregate interest of up to 80 per cent through an initial option to earn 75 per cent and a top-up option to purchase an additional 5 per cent (for details, see previous news release dated June 6, 2022).

"Issuance of this permit is a key milestone for the project as AngloGold Ashanti prepares to test targets that have potential scale and alteration characteristics consistent with Tier 1 high-sulphidation epithermal gold systems," stated Keith Henderson, president and chief executive officer of Latin Metals. "AngloGold Ashanti will move to complete preparations for the start of drilling to meet terms outlined within the approved EIA, including communities, society and environmental obligations, safety, and operational logistics."

Qualified person (QP)

Eduardo Leon, QP, is the company's qualified person as defined by National Instrument 43-101, and has reviewed the scientific and technical information that forms the basis for portions of this news release. He has approved the disclosure herein. Mr. Leon 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 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 optionholders include AngloGold Ashanti (Organullo gold project) and Moxico Resources (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.

Recent and upcoming conferences

Latin Metals recently presented and met with investors at three investor 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).

Upcoming investor conferences include:

• The Rule Symposium on Natural Resource Investing 2025 -- Florida (July 7, 2025, to July 11, 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.