Mr. Keith Henderson reports

LATIN METALS ANNOUNCES ANTICIPATED CLOSING DATE FOR SPIN-OUT OF PARA AND AUQUIS COPPER PROJECTS

The previously announced spinout transaction of Latin Metals Inc.'s Para copper project and the Auquis copper project into Latin Explore Inc. by way of a court-approved plan of arrangement under the provisions of the Business Corporations Act (British Columbia), is expected to close on Wednesday, Feb. 18, 2026. Upon closing of the arrangement, Latin Metals shareholders will each receive, in exchange for each Latin Metals common share, held prior to closing, one new common share of Latin Metals and approximately 0.07904222 of a Latin Explore common share.

In order to receive the new Latin Metals shares and Latin Explore shares, registered Latin Metals shareholders must complete, execute and deposit with Computershare Investor Services Inc., the depositary appointed in respect of the arrangement, the letter of transmittal previously mailed to the registered Latin Metals shareholders and their respective certificate(s)/DRS advice(s) representing their Latin Metals shares and any other required documents and instruments, all in accordance with the instructions provided in the letter of transmittal. The letter of transmittal is also available on Latin Metals' website and under Latin Metals' SEDAR+ profile.

Non-registered Latin Metals shareholders whose Latin Metals shares are registered in the name of a broker, investment dealer, bank, or other intermediary or nominee should contact their intermediary for assistance in depositing their Latin Metals shares.

Further information on the arrangement can be found in the company's management information circular dated Dec. 12, 2025, filed on the company's website and on the company's SEDAR+ profile. Closing of the arrangement is subject to the satisfaction or waiver of remaining conditions precedent, including the approval of the TSX Venture Exchange.

Note: The final exchange ratio will be determined at closing of the arrangement depending on, among other things, the number of then-issued-and-outstanding Latin Metals shares. The exchange ratio of approximately 0.07904222 is based on 138,457,650 Latin Metals shares issued and outstanding and 10,944,000 Latin Explore shares being distributed to Latin Metals shareholders.

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. The company secures option agreements with partners to finance exploration. This approach provides early-stage exposure to high-value mineral assets. Latin Metals is actively seeking new strategic partners to advance its portfolio.

Coming events

Latin Metals is pleased to announce its participation in several Q1 2026 industry conferences, providing a platform to connect with investors, industry leaders and potential partners:

• PDAC -- Toronto, March 1 to 4, 2026;
• 121 London -- London, United Kingdom, May 11 to 12, 2026;
• Deutsche Goldmesse -- Frankfurt, Germany, May 15 to 16, 2026.

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.

We seek Safe Harbor.