Latin Metals Discovers Copper Mineralization at Auquis Copper-Molybdenum Project

Latin Metals Inc. announced positive exploration results from its 100% owned Auquis copper-molybdenum project, located in the coastal copper belt, with soil sampling results identifying high-grade anomalous copper deposits over a 3km x 2km area.

The Company began exploration on the 4,000-hectare Auquis in February of this year. Exploration work completed to date has included an extensive soil sampling program designed to screen out the more prospective portions. A total of 253 soil samples were taken on a 400m x 200m grid. The results are encouraging, with an overlapping copper and molybdenum anomaly identified over a 3 km x 2 km area. Within this area, copper values in the soil were greater than 500 ppm (0.05%) and up to 2300 ppm (0.23%).

Latin Metals is committed to regularly engaging with community stakeholders and supporting local projects with positive and lasting community benefits, and following agreements with communities in Auquis, the company will undertake various projects with a focus on agricultural development and irrigation projects, and community consultation for the Auquis project continues.

Keith Henderson, CEO of Latin Metal, commented, "Auquis' exploration offers copper potential and we will update shareholders on progress as our exploration advances." Latin Metals will begin a comprehensive rock chip sampling and mapping program in April, focusing on the high-grade copper anomalies identified by the soil survey.

Peru's coastal copper belt is a Cretaceous belt that hosts a variety of deposit types including porphyry, hydrothermal, VMS, and IOCG. Latin Metals has identified six exploration projects in the belt totaling 15,900 hectares. 2021 saw the Company focus on the Lacsha copper-molybdenum discovery, with extensive exploration already completed, including surface geochemical and geophysical Similar exploration will be conducted at the Auquis copper-molybdenum project in the coming months.

Auquis copper-molybdenum project' work program is designed and supervised by the company's Exploration Manager, Eduardo Leon. He is responsible for all aspects of the work, including the quality control/quality assurance program. Samples were rigorously collected and tracked by the project's field personnel before being securely sealed and shipped to the ALS laboratory in Lima. Samples were analyzed for multiple elements using an inductively coupled mass spectrometer.

Latin Metals is a mineral exploration company with a diversified portfolio of assets in South America. The Company's operations are focused on acquiring promising exploration assets at minimal cost, completing initial evaluations through the cost-effective exploration to identify drill targets, and ultimately securing joint venture partners to fund drilling and advanced exploration, with shareholders receiving upside from significant exploration results.

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