VanGold Closes El Cubo Acquisition

View this email in your browser VanGold Closes El Cubo Acquisition ~ Endeavour Silver Now Our Largest Shareholder ~ VANCOUVER, BC / ACCESSWIRE / April 12, 2021 / VanGold Mining Corp (the "Company" or "VanGold") (TSXV:VGLD) is pleased to announce it has closed the acquisition of the El Cubo Mine and Mill complex (the "El Cubo Complex") from Endeavour Silver Corp. ("Endeavour") (EXK) (EDR) located 8km by road northeast of the Company's El Pinguico silver-gold project near the city of Guanajuato, Mexico. Closing the El Cubo Acquisition: On March 16, 2021 the Company signed a definitive asset purchase agreement with Endeavour (the "Endeavour Agreement") to acquire the El Cubo Complex, finalizing the binding letter agreement entered into between VanGold and Endeavour in mid-December 2020. VanGold and Endeavour closed the purchase and sale of the El Cubo Complex on April 9, 2021, with the execution of customary closing documents in Mexico and Canada, and with the payment to Endeavour of US$7,000,000 cash, plus applicable Mexican VAT of US$1,275,200, and the delivery to Endeavour of 21,331,058 shares of VanGold. VanGold Director Hernán Dorado said: "Now we begin the process of re-commissioning the El Cubo mill. It remains the Company's intent to begin processing mineralised material at the mill from our El Pinguico and El Cubo operations by Q4, 2021." VanGold's newest advisory board member Ramon Davila said: "With this acquisition VanGold can readily combine the El Cubo and El Pinguico assets to create Mexico's newest silver and gold producing company. The availability of mineralised material from El Pinguico's historic stockpiles and El Cubo's current resources as well as a new approach from management gives us great flexibility in deciding where to source material for the mill, and how to sequence that throughput. As a graduate of the University of Guanajuato School of Mines, it is satisfying to see both of these mines returning to operating status, becoming part of the long history of the Guanajuato mining district that has been the source of many successful mines for almost 480 years." El Cubo Complex: In the coming months, the Company intends to refurbish the El Cubo mill and begin processing mineralized material from both its El Pinguico and El Cubo properties (the "Combined Project") at the mill beginning in Q4, 2021, ramping up to a throughput of ~750 tonnes per day. According to the Company's recently announced PEA from Behre Dolbear and Company (USA) Inc., ("Behre") the Combined Project contains total indicated resources of 718,655 tonnes grading 160 gpt Ag and 1.90 gpt Au, or 306 gpt AgEq, which equates to 7.2 M oz AgEq, and total inferred resources of 1,453,000 tonnes grading 214 gpt Ag and 2.78 gpt Au, or 435 gpt AgEq, which equates to 20.4 M oz AgEq. These estimates use a 1:80 ratio for Au and Ag prices. Behre prepared a discounted cash flow model for the Combined Project to determine the Net Present Value (NPV), Internal Rate of Return (IRR), Initial Capital and Sustaining Capital, and payback period. Cash flow estimates were prepared on an after-tax basis and in accordance with NI 43-101 Standards of Disclosure for PEA studies, using Base Case metal prices of $1527 for gold and $19.49 for silver. The PEA considers a plan to ramp up to a 750 tonne-per-day ("tpd") operation, with an initial mine life of 7.0 years. On an after-tax basis, the combined project generates a Base Case NPV (5%) of $32.9 M and an IRR of 105%, excluding El Cubo acquisition costs. Using commodity prices of $22.41/oz Ag and $1756/oz Au, which are +15% above the Base Case the after-tax NPV(5%) is $79.0 M and the IRR is 344%. Behre calculates a Base Case payback period of 1.87 years. Behre's PEA provides a high-level view of VanGold's plan to process material from both El Pinguico and El Cubo at a centrally located mill. This study is an important step in unlocking value for all stakeholders at the Combined Project in Guanajuato. The PEA summarized above is preliminary in nature, is based on numerous assumptions and includes the use mineral resources including inferred mineral resources considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves. There is no certainty the PEA will be realized. Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability and may be materially affected by environmental, permitting, legal, title, socio-political, marketing, and other relevant issues. See the Company's news release dated February 16, 2021 for a more complete description of the key parameters, assumptions and risks associated with the PEA. As part of the El Cubo Complex, VanGold has acquired the El Cubo mine including silver and gold resources outlined below, the El Cubo floatation mill and approximately 7,000 hectares of prospective mining concessions located adjacent to El Cubo and within the greater Guanajuato mine region. Current Mineral Resources at the Combined Project: The Mineral Resource estimates for the Combined Project detailed in the Behre's NI 43-101 PEA report effective date January 31, 2021 (the "Behre Report") are shown below in tables for El Cubo and El Pinguico respectively. The remaining Mineral Resources in 2021 at El Cubo are shown in Table 1.1 and total approximately 1.96 million tonnes. Mineral Reserves have not been identified for El Cubo. Table 1.1 Estimate of the Remaining El Cubo Mineral Resources as of 31 January 2021     Silver Gold Silver Eq Classification Tonnes g/t Oz g/t oz g/t Measured None           Indicated 508,055 194 3,169,000 2.44 39,860 389               Inferred 1,453,000 214 10,004,000 2.78 129,900 435 Notes: 1. Silver Equivalent calculated using 1 ounce of gold is equal to 80 ounces of silver, on the basis of the average 5-year historic silver and gold prices. 2. Numbers have been rounded. 3. Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability. There is no certainty that all or any part of the Mineral Resources estimated will be converted into Mineral Reserves. The Mineral Resources in 2021 at El Pinguico are shown in Table 1.2 and total approximately 210,000 tonnes. Mineral Reserves have not been identified for El Pinguico. Table 1.2 El Pinguico Mineral Resources as of 31 January 2021     Silver Gold Silver Eq Classification Tonnes g/t oz g/t oz g/t Measured None                       Indicated             Surface Stockpile 185,000 67 398,500 0.45 2,680 103 Underground Stockpile 25,600 166 136,600 1.67 1,375 300               Total 210,600 79 535,100 0.60 4,055 127   Notes: 1. Silver Equivalent calculated using 1 ounce of gold is equal to 80 ounces of silver, on the basis of the average 5-year historic silver and gold prices. 2. Numbers have been rounded. 3. Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability. There is no certainty that all or any part of the Mineral Resources estimated will be converted into Mineral Reserves. Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability. There has been insufficient exploration to allow for the classification of the inferred resources at El Cubo as an indicated or measured mineral resource, however, it is reasonably expected that the majority of the inferred mineral resources could be upgraded to indicated or measured mineral resources with continued exploration. There is no guarantee that any part of the mineral resources discussed herein will be converted into a mineral reserve in the future. A complete copy of the Behre Report is available for review on SEDAR at www.sedar.com and on the Company's website at www.vangoldmining.com. The Endeavour Agreement: As announced by the Company on Dec. 18, 2020, VanGold has paid US$15,000,000 for the El Cubo Complex as follows: An upfront non-refundable down-payment of US$500,000 cash (paid). US$7.0m cash on closing (paid). US$5.0m in VanGold common shares on closing - priced at C$0.30 per share for a total of 21,331,058 VanGold shares (delivered). US$2.5m promissory note due 12 months from closing (delivered). Endeavour has agreed to (a) abstain from voting its shares of VanGold, other than as recommended by VanGold's management, for a period of 2 years, and (b) a 12-month restriction on the resale of any VanGold shares acquired in this transaction. VanGold has also agreed to pay Endeavour up to an additional US$3.0m in contingent payments based on the following: US$1.0m - upon VanGold producing 3,000,000 AgEq ounces at the El Cubo mill, derived from either the El Cubo or El Pinguico properties. US$1.0m - if the price of gold closes at or above US$2,000 per ounce for 20 consecutive days within two years after closing. US$1.0 m - if the price of gold closes at or above US$2,200 per ounce for 20 consecutive days within three years after closing. About Endeavour: Endeavour Silver Corp. is a mid-tier precious metals mining company listed on the NYSE:EXK and TSX:EDR. Endeavour owns and operates three underground silver-gold mines in Mexico and is currently advancing the Terronera Mine Project towards a development decision. Endeavour is also exploring its portfolio of exploration and development projects in Mexico and Chile to facilitate its goal to become a premier senior silver producer. About VanGold Mining Corp.: VanGold Mining is an exploration and development company engaged in reactivating past producing silver and gold mines near the city of Guanajuato, Mexico. The Company's El Cubo and El Pinguico projects are significant past producers of both silver and gold located in close proximity to Guanajuato city, and to each other. The Company is currently focused on refurbishing the El Cubo mill and commencing production from the combined El Cubo / El Pinguico operation, as well as delineating additional silver and gold resources through underground and surface drilling on its projects located in this 480-year-old mining camp. Hernan Dorado Smith, a director of VanGold and a "qualified person" as defined by National Instrument 43-101, Standards of Disclosure for Mineral Projects, has approved the scientific and technical information contained in this news release. ON BEHALF OF THE BOARD OF DIRECTORS "James Anderson" Chairman and CEO For further information regarding VanGold Mining Corp, please contact: James Anderson, Director, +1 (778) 989-5346 Email: james@vangoldmining.com Continue to watch our progress at: www.vangoldmining.com Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Forward-Looking Statements This news release contains certain forward-looking statements and information, which relate to future events or future performance including, but not limited to, the estimates of mineral resources; the ability of the Company to successfully refurbish the El Cubo mill and supply sufficient mineralized material from El Cubo and El Pinguico for processing through the mill at projected rates, on schedule, on budget, or at all, opportunities for exploration, development and expansion of El Cubo and El Pinguico; estimates of capital expenditures and operating costs related to the combined El Cubo / El Pinguico project including the potential upfront capital and development cost savings under the "contractor alternative"; future financial or operational performance and the impact of the Combined Project on the Company, including with respect to future development and production; the Company's ability to generate positive cash flow from the El Cubo mill as contemplated or at all and to improve on the base case, including the potential to add mine life by upgrading more of the existing inferred resource within El Cubo and discovering and defining further resources at both El Cubo and El Pinguico; the estimates of NPV and IRR for the Combined Project; life of mine projections for the Combined Project and the expenditures and success related to any future exploration and/or development programs. Such forward-looking statements reflect management's current beliefs and are based on information currently available to and assumptions made by the Company; which assumptions, while considered reasonable by the Company, are inherently subject to significant operational, business, economic and regulatory uncertainties and contingencies. These assumptions include: our mineral resource estimates and the assumptions upon which they are based, including geotechnical and metallurgical characteristics of rock conforming to sampled results and metallurgical performance; tonnage of mineralized material to be mined and processed; resource grades and recoveries; assumptions and discount rates being appropriately applied to the PEA; success of the Company's combined El Cubo / El Pinguico operation; prices for silver and gold remaining as estimated; currency exchange rates remaining as estimated; availability of funds for the Company's projects; capital, decommissioning and reclamation estimates; prices for energy inputs, labour, materials, supplies and services (including transportation); no labour-related disruptions; no unplanned delays or interruptions in scheduled construction and production; all necessary permits, licenses and regulatory approvals are received in a timely manner; and the ability to comply with environmental, health and safety laws. The foregoing list of assumptions is not exhaustive. Readers are cautioned that these forward-looking statements are neither promises nor guarantees, and are subject to risks and uncertainties that may cause future results to differ materially from those expected including, but not limited to, market conditions, availability of financing, currency rate fluctuations, actual results of exploration, development and production activities, unanticipated geological or structural formations and characteristics, environmental risks, future prices of gold, silver and other metals, operating risks, accidents, labor issues, delays in obtaining governmental or regulatory approvals and permits, inadequate insurance, and other risks in the mining industry. There are no assurances that VanGold will be able to successfully re-start the El Cubo mill to process mineralized materials in the amounts and at the costs anticipated. In addition, VanGold's decision to being processing mineralized material from its above and underground stockpiles at El Pinguico and estimated resources at El Cubo through the El Cubo mill is not based on a feasibility study of mineral reserves demonstrating economic and technical viability and therefore is subject to increased uncertainty and risk of failure, both economically and technically. Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability, are considered too speculative geologically to have the economic considerations applied to them, and may be materially affected by environmental, permitting, legal, title, socio-political, marketing, and other relevant issues. There are no assurances that the results of the Company's PEA will be realized. There is also uncertainty about the spread of COVID-19 and variants of concern and the impact they will have on the Company's operations, supply chains, ability to access El Pinguico and/or El Cubo or procure equipment, contractors and other personnel on a timely basis or at all and economic activity in general. All the forward-looking statements made in this news release are qualified by these cautionary statements and those in our continuous disclosure filings available on SEDAR at www.sedar.com. These forward-looking statements are made as of the date hereof and the Company does not assume any obligation to update or revise them to reflect new events or circumstances save as required by law. Cautionary Note for U.S. Investors regarding Reserve and Resource Estimates Canadian public disclosure standards, including NI 43-101, differ significantly from the requirements of the United States Securities and Exchange Commission (the "SEC") set forth in Industry Guide 7 ("Industry Guide 7"), and information concerning mineralization, deposits, mineral reserve and resource information contained or referred to herein may not be comparable to similar information disclosed by U.S. companies in accordance with Industry Guide 7. In particular, but without limiting the generality of the foregoing, this news release uses the terms "measured mineral resources", ‘‘indicated mineral resources'' and ‘‘inferred mineral resources''. U.S. investors are advised that, while such terms are recognized and required by Canadian securities laws, Industry Guide 7 does not recognize them. U.S. investors should also understand that "inferred mineral resources" have a great amount of uncertainty as to their existence and great uncertainty as to their economic and legal feasibility. It cannot be assumed that all or any part of "inferred mineral resources" exist, are economically or legally mineable or will ever be upgraded to a higher category. Under Canadian securities laws, estimated "inferred mineral resources" may not form the basis of feasibility or pre-feasibility studies except in rare cases. Disclosure of "contained ounces" in a mineral resource is permitted disclosure under Canadian securities laws. However, Industry Guide 7 normally only permits issuers to report mineralization that does not constitute "reserves" by Industry Guide 7 standards as in place tonnage and grade, without reference to unit measures. Accordingly, information concerning mineral deposits set forth herein may not be comparable with information made public by companies that report in accordance with Industry Guide 7. VANGOLD MINING CORP. PH: +1(778) 989-5346 E: info@vangoldmining.com W: vangoldmining.com CA: Suite 2820 - 200 Granville Street, Vancouver B.C. V6C 1S4 MX: Carretera - Guanajuato - Silao km 5.5, Int 4, Col. Marfil CP36250, Guanajuato, Gto., Mexico SOURCE: Vangold Mining Corp. View source version on accesswire.com: https://www.accesswire.com/639898/VanGold-Closes-El-Cubo-Acquisition Copyright © 2021 VanGold Mining Corp., All rights reserved. You are receiving this email because you opted in via our website. Our mailing address is: VanGold Mining Corp. 200 Granville Square 2820-200 Granville St Vancouver, BC V6C 1S4 Canada Add us to your address book Want to change how you receive these emails? You can update your preferences or unsubscribe from this list.

VanGold Obtains Permits for El Pinguico Road Expansion

View this email in your browser VanGold Obtains Permits for El Pinguico Road Expansion ~ New Route Will Lessen Impact on Local Community ~ VANCOUVER, BC / ACCESSWIRE / April 8, 2021 / VanGold Mining Corp (the "Company" or "VanGold") (TSXV:VGLD) is pleased to announce it has been granted permits by state and local government agencies to transform an existing historic pathway into an access and haulage road at its El Pinguico project located 7km south of the city of Guanajuato, Mexico. VanGold Director Hernan Dorado said: "Our neighbours in the town of Calderones have been supportive and patient with VanGold as we have used roads on the outskirts of their community for some time. With this improved road our desire to be good neighbours - and quiet neighbours - will be better fulfilled. Now that we have permission from both relevant levels of government we expect road construction to be completed by mid-May 2021." Connecting the El Pinguico Shaft with the #4 and #7 Adit Portals: Current travel from the El Pinguico shaft to the #4 and #7 adit access portals requires Company personnel to drive north, then exit off of VanGold mining claims, and travel through a portion of the town of Calderones, then south and back onto our claims - a drive of approximately 6km over rough and uneven gravel roads. When mining took place at El Pinguico 110 years ago, a much more direct route existed taking miners with mules and wagons up and over the large hill between the two locations. That ‘mule track' still exists, is only 1.5km in length and lies entirely on VanGold owned surface concessions. With state and local permits now in place, work will begin immediately to smooth and widen this right-of-way. The intention is to widen the road to accommodate 20 tonne trucks which the Company envisions will haul mineralised material from the #7 portal back to the Pinguico shaft, and onward to the El Cubo mill. The Company will also construct road pull-outs every 250 meters for trucks to pass one another. This road will become El Pinguico's major thoroughfare for production, exploration, administration, and for safely purposes. The Company anticipates it will reduce driving time between the destinations from 40 minutes to 10 minutes, significantly reducing costs and wear on vehicles. VanGold Adds Options for Investor Relations Group: VanGold confirms that on March 24, 2021 the Company granted Mars Investor Relations Inc. (see news release dated February 17, 2021) additional stock options to purchase up to an aggregate of 350,000 common shares which shall vest over a two-year period, are exercisable up to five years from the grant date and have a strike price of $0.51 per share. About VanGold Mining Corp.: VanGold Mining is an exploration and development company engaged in reactivating past producing silver and gold mines near the city of Guanajuato, Mexico. The Company's El Pinguico project is a significant past producer of both silver and gold located just 7 kilometers south of the city. Upon closing of the El Cubo acquisition, the Company will focus on the refurbishment of the El Cubo mill, and swift commencement of production from the El Cubo and El Pinguico Combined Operation, as well as delineating additional silver and gold resources through underground and surface drilling on its projects located in this 480 year old mining camp. ON BEHALF OF THE BOARD OF DIRECTORS "James Anderson" Chairman and CEO For further information regarding VanGold Mining Corp, please contact: James Anderson, Director, +1 (778) 989-5346 Email: james@vangoldmining.com Continue to watch our progress at: www.vangoldmining.com Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Forward-Looking Statements This news release contains certain forward-looking statements and information, which relate to future events or future performance including, but not limited to, the successful transformation of the historic "mule track" into an access and haulage road for El Pinguico and the timing thereof, the estimated savings in travel time and costs associated with the new road, the successful acquisition of El Cubo on the terms and conditions contemplated, the proposed use of proceeds from VanGold's recently completed private placement financing, the ability of VanGold to successfully re-start the El Cubo mill and supply sufficient mineralized material from El Cubo and El Pinguico for processing through the El Cubo mill at projected rates, the ability to generate positive cash flow from the El Cubo mill as contemplated or at all, the exploration and development potential of El Cubo and El Pinguico and the potential existence of additional mineral resources thereon. Such forward-looking statements reflect management's current beliefs and are based on assumptions made by and information currently available to the Company. Readers are cautioned that these forward-looking statements are neither promises nor guarantees, and are subject to risks and uncertainties that may cause future results to differ materially from those expected including, but not limited to, market conditions, availability of financing, currency rate fluctuations, actual results of exploration and development activities, unanticipated geological formations and characteristics, environmental risks, future prices of gold, silver and other metals, operating risks, accidents, labor issues, delays in obtaining governmental or regulatory approvals and permits, and other risks in the mining industry. There are no assurances that VanGold will successfully complete the acquisition of El Cubo on the terms contemplated or at all or, if acquired, that the Company will be able to re-start the El Cubo mill to process mineralized materials in the amounts and at the costs anticipated. In addition, there is uncertainty about the spread of COVID-19 and variants of concern and the impact it will have on the Company's operations, supply chains, ability to access El Pinguico or El Cubo or procure equipment, contractors and other personnel on a timely basis or at all and economic activity in general. All the forward-looking statements made in this news release are qualified by these cautionary statements and those in our continuous disclosure filings available on SEDAR at www.sedar.com. These forward-looking statements are made as of the date hereof and the Company does not assume any obligation to update or revise them to reflect new events or circumstances save as required by law. VANGOLD MINING CORP. PH: +1(778) 989-5346 E: info@vangoldmining.com W: vangoldmining.com CA: Suite 2820 - 200 Granville Street, Vancouver B.C. V6C 1S4 MX: Carretera - Guanajuato - Silao km 5.5, Int 4, Col. Marfil CP36250, Guanajuato, Gto., Mexico SOURCE: Vangold Mining Corp. View source version on accesswire.com: https://www.accesswire.com/639427/VanGold-Obtains-Permits-for-El-Pinguico-Road-Expansion Copyright © 2021 VanGold Mining Corp., All rights reserved. You are receiving this email because you opted in via our website. Our mailing address is: VanGold Mining Corp. 200 Granville Square 2820-200 Granville St Vancouver, BC V6C 1S4 Canada Add us to your address book Want to change how you receive these emails? You can update your preferences or unsubscribe from this list.

Latin Metals Delineates Priority Copper Targets at the Lacsha Project, Peru

Latin Metals Delineates Priority Copper Targets at the Lacsha Project, Peru April 7, 2021 Vancouver, B.C. – Latin Metals Inc. ("Latin Metals" or the "Company") - (TSXV: LMS) (OTCQB: LMSQF) provides an update on exploration at the Company's 100%-owned Lacsha copper property ("Lacsha" or the "Project") located in the Peruvian Coastal Copper Belt. Stream sediment sampling results further confirm the existence of copper mineralization at Lacsha and helps delineate priority areas for follow-up. Lacsha Stream Sediment and Rock Sampling Phase I exploration at the 4,000-hectare Lacsha property was initiated in January 2021 with initial rock sampling, which identified outcropping copper mineralization ranging from 110 ppm up to 6,410 ppm and molybdenum ranging from 1.5 ppm up to 86.8 ppm. The sampling and historical work defined a total area of 5.0 km by 2.5 km with anomalous copper and pathfinder elements. Phase II work included 34 stream sediment samples designed to screen the entire property and additional rock sampling and mapping. Results of the stream sediment survey has confirmed the existence of a core 5.0 km by 2.5 km copper-molybdenum anomaly with multi-element support (Figure 1). Within this large geochemical anomaly, there appears to be at least two mineralized centers. Results for rock sampling have not yet been received. Next Steps Phase III exploration has begun and will be completed in early Q2. Ongoing work includes two areas of detailed talus sampling, which cover the two mineralized centers with approximately 100 samples, as well as continued mapping and rock sampling. On completion and once results are available, it is expected that geophysical surveying will commence aiming to define drill targets for testing during 2021. Social and Community Prior to commencing Phase II exploration, the Company signed an agreement with the local community, under the terms of which the Company has permission to complete all necessary surface exploration to define drill targets, at which time an additional agreement will be required. Under the terms of the current community agreement, the Company is assisting the community with materials for an irrigation project. Coastal Copper Belt The Coastal Copper Belt in Peru is a Cretaceous belt hosting various deposit types, including porphyry, epithermal, VMS and IOCG. Latin Metals' 100%-owned Lacsha copper-molybdenum and Auquis copper-gold projects are located in the northern Lima-Ica portion of the coastal belt (Figure 2). The Lacsha Project is located approximately 110 km by road from Lima, 40 km from the coast, and is accessible year-round by paved road. The Project was acquired by staking based on the results of historical multi-element geochemistry. The Lacsha claims lie immediately south and contiguous with Newmont Corporation's Sumacwayra copper-molybdenum property. Figure 1: Stream sediment sampling results from Lacsha showing copper (left) and molybdenum (right), highlighting the 5.0 km by 2.5 km copper-molybdenum geochemical anomalies. About Lacsha Copper Property The 4,000-hectare property was acquired by staking in 2020 (news release August 4, 2020). Verification of altered and mineralized outcrop at surface confirms the Company's exploration model. Property geology is dominated by tonalite pluton intruded by various granitic bodies up to 1 km length cut by monzonitic and diorite dykes with dominant north to northeast orientation. The area is largely covered by recent quaternary material of approximately 1 m in thickness obscuring much of the outcrop. There is significant potential for additional altered and mineralized rock to be discovered beneath this thin cover. Alteration mapped at surface is dominated by epidote as veinlets cutting the intrusive rocks and chlorite-magnetite replacing mafic minerals. Mineralization is related to oxidation of disseminated sulfides and quartz-copper oxide zones up to 2 m thick. Figure 2: Northern portion of the Cretaceous coastal belt (Lima-Ica segment) showing the location of Latin Metals' Lacsha and Auquis projects as well as known deposits. QA/QC The work program at Lacsha was designed and supervised by Eduardo Leon, the Company's Exploration Manager, who is responsible for all aspects of the work, including the quality control/quality assurance program. On-site personnel at the project rigorously collect and track samples which are then security sealed and shipped to the ALS laboratory in Lima. Samples used for the results described herein are prepared and analyzed by multi-element analysis using an inductively coupled mass spectrometer in compliance with industry standards. Qualified Person The technical content of this release has been approved for disclosure by Keith J. Henderson P.Geo, a Qualified Person as defined by NI 43-101 and the Company's CEO. Mr. Henderson is not independent of the Company, as he is an employee of the Company and holds securities of the Company. About Latin Metals Latin Metals is a mineral exploration company acquiring a diversified portfolio of assets in South America. The Company operates with a Prospect Generator model focusing on the acquisition of prospective exploration properties at minimum cost, completing initial evaluation through cost-effective exploration to establish drill targets, and ultimately securing joint venture partners to fund drilling and advanced exploration. Shareholders gain exposure to the upside of a significant discovery without the dilution associated with funding the highest-risk drill-based exploration. On Behalf of the Board of Directors of LATIN METALS INC. "Keith Henderson" President & CEO For further details on the Company readers are referred to the Company's web site (www.latin-metals.com) and its Canadian regulatory filings on SEDAR at www.sedar.com. For further information, please contact: Keith Henderson Suite 2300 1177 West Hastings Street Vancouver, BC, V6E 2K3 Phone: 604-638-3456 E-mail: info@latin-metals.com Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. Cautionary Note Regarding Forward-Looking Statements This news release contains forward-looking statements and forward-looking information (collectively, "forward-looking statements") within the meaning of applicable Canadian and U.S. securities legislation, including the United States Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact, included herein including, without limitation, statements regarding the negotiation of the Option Agreements and exercise of the Option for the Properties, the anticipated content, commencement, timing and cost of exploration programs in respect of the Properties and otherwise, anticipated exploration program results from exploration activities, and the Company's expectation that it will be able to enter into agreements to acquire interests in additional mineral properties, the discovery and delineation of mineral deposits/resources/reserves on the Properties, and the anticipated business plans and timing of future activities of the Company, are forward-looking statements. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Often, but not always, forward looking information can be identified by words such as "pro forma", "plans", "expects", "may", "should", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", "believes", "potential" or variations of such words including negative variations thereof, and phrases that refer to certain actions, events or results that may, could, would, might or will occur or be taken or achieved. In making the forward-looking statements in this news release, the Company has applied several material assumptions, including without limitation, market fundamentals will result in sustained precious metals demand and prices, the receipt of any necessary permits, licenses and regulatory approvals in connection with the future development of the Company's Argentine projects in a timely manner, the availability of financing on suitable terms for the development, construction and continued operation of the Company projects, and the Company's ability to comply with environmental, health and safety laws. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to differ materially from any future results, performance or achievements expressed or implied by the forward-looking information. Such risks and other factors include, among others, operating and technical difficulties in connection with mineral exploration and development and mine development activities at the Properties, including the geological mapping, prospecting and sampling programs being proposed for the Properties (the "Programs"), actual results of exploration activities, including the Programs, estimation or realization of mineral reserves and mineral resources, the timing and amount of estimated future production, costs of production, capital expenditures, the costs and timing of the development of new deposits, the availability of a sufficient supply of water and other materials, requirements for additional capital, future prices of precious metals and copper, changes in general economic conditions, changes in the financial markets and in the demand and market price for commodities, possible variations in ore grade or recovery rates, possible failures of plants, equipment or processes to operate as anticipated, accidents, labour disputes and other risks of the mining industry, delays or the inability of the Company to obtain any necessary permits, consents or authorizations required, including TSX-V acceptance for filing of the Option Agreements, any current or future property acquisitions, financing or other planned activities, changes in laws, regulations and policies affecting mining operations, hedging practices, currency fluctuations, title disputes or claims limitations on insurance coverage and the timing and possible outcome of pending litigation, environmental issues and liabilities, risks related to joint venture operations, and risks related to the integration of acquisitions, as well as those factors discussed under the heading "Risk Factors" in the Company's latest Management Discussion and Analysis and other filings of the Company with the Canadian Securities Authorities, copies of which can be found under the Company's profile on the SEDAR website at www.sedar.com. Readers are cautioned not to place undue reliance on forward looking statements. Except as otherwise required by law, the Company undertakes no obligation to update any of the forward-looking information in this news release or incorporated by reference herein. View in PDF Format Copyright 2021 Latin Metals Inc. All rights reserved You are receiving this email because you have subscribed to receive email updates via our website Unsubscribe | View Online Corporate Office: Latin Metals Inc. Suite 2300 - 1177 West Hastings Street Vancouver, BC Canada V6E 2K3 T: +1 (604) 638-3456 info@centeneramining.com