Latin Metals Inc. announced that it has entered into an agreement with Geoterra SRL pursuant to which Latin Metals has purchased from Geoterra a 100% interest in the Solario copper project for total cash consideration of ARS 1,000,000. The Solario project, located in Salta Province (“Salta”), northwest Argentina, is prospective for sediment-hosted copper deposits within the Cretaceous belt in central Salta. This strategic acquisition further solidifies Latin Metals' position as a pioneer in sediment-hosted copper exploration in northwest Argentina.

The Company plans to initiate a very large-scale regional stream sediment sampling program covering the Mirador and Solario copper exploration projects. This work will assist in the prioritization of targets for follow-up exploration. The potential host-rock sedimentary formations are typically recessive and are covered by vegetation, which helps to explain why other mining companies have not identified mineralization in this area.