Latin American Minerals Inc. Applies for Extension of Warrants Exercisable for Common Shares at $0.50 per Common Share

Toronto, Canada, February 8, 2010, Latin American Minerals Inc. (TSX-V:LAT) (the “Corporation”) announces that an application has been made to the TSX Venture Exchange (the “Exchange”) for a one year extension for share purchase warrants (“Warrants”) issued pursuant to the 13,378,001 unit (“Unit”) bought deal private placement at a price of $0.30 per Unit completed on August 19, 2008. Each Unit is comprised of one common share of the Corporation (“Common Share”) and one-half of one Warrant. Each full Warrant is exercisable for one Common Share at an exercise price of $0.50 per Common Share. The current expiry date of the Warrants is February 19, 2010.

Subject Exchange approval, the new expiry date of the Warrants will be February 18, 2011.

Latin American Minerals Inc. is a mineral exploration company focused on the acquisition and development of minerals projects in under-explored but highly prospective countries of Latin America.

For more information please contact: Ray Mitchell at (416) 363-0841 or visit www.latinamericanminerals.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.