Plata Latina Announces All Approvals from TSX Venture Exchange ON Fresnillo Agreement
NEWS RELEASE
PLATA LATINA ANNOUNCES ALL APPROVALS
FROM TSX VENTURE EXCHANGE ON FRESNILLO AGREEMENT
Vancouver, BC, April 3, 2017 – Plata Latina Mineral s Corporation (TSX-V: PLA) (“Plata Latina” or the
“Company”) is pleased to announce that, it has received all ne cessary approvals from its shareholders and
the TSX Venture Exchange with respect to the option agreement on its "Naranjillo" property previous
announced on February 8, 2017, and is now ready to close on the transactions contemplated thereunder.
Pursuant to the option agreement, Metalúrgica Reyna , S.A. de C.V. (“ Reyna ”), a wholly-owned subsidiary of
Fresnillo PLC (" Fresnillo "), was granted with a right to explore the Naranji llo property (the " Property ") for a 36
month term. In consideration, Reyna has paid the C ompany US $0.2 million and will pay the Company an
aggregate total of US $1.45 million in installments over the period. In addition, it will incur US $3 million in
exploration expenditures on the Property over the p eriod. If, at the end of such 36 month period Reyn a wishes
to acquire the Property, it will pay the Company an additional US $500,000 (for an aggregate total of US $2.15
million), and grant the Company with a 3.0% net sme lter return royalty (the " Royalty ") with respect to the
Property. Reyna will be required to pay advance ro yalty payments of US $100,000 annually, until the e arlier of
(a) a maximum of US $1 million in advance royalty p ayments having been paid, or (b) commercial product ion of
minerals commences from the Property. Reyna will b e able to reduce the Royalty to 2% by paying the
Company an additional US $1.0 million, and, thereaf ter, may reduce the remaining 2% Royalty to nil by paying
the Company an additional US $5.0 million.
The Company intends to use the funding received to conduct geophysical and geologic field work to defi ne high
potential drill targets on its other three promisin g properties in the Mexican Silver Belt as well as initiate drilling
to test these targets. Plata Latina plans on focusi ng on its Vaquerias property where early stage firs t phase
drilling has identified a much shallower hidden vei n system with initial results of up to 737 g/t silv er over 0.55
metres (as previously announced on May 12, 2013).
In addition, Plata Latina plans to re-initiate fiel d work to generate new grass roots exploration proj ects for the
portfolio. Plata Latina plans to advance explorati on for the next high-grade silver district in Mexic o through its
proven exploration strategy of discovering hidden, high-grade silver-gold districts in the Mexican Sil ver Belt.
About Plata Latina Minerals
Plata Latina Minerals is a Canadian exploration com pany with a portfolio of four silver-gold propertie s situated
in the prolific Mexican Silver Belt focused on disc overing new silver-gold vein districts. Plata Latin a’s expertise
in the ore horizon concept and extensive experience in Mexico provides a competitive edge for discover y of
new districts between old historic deposits. Its hi ghly experienced management team and board are focu sed on
developing its portfolio of high-potential targets and exploring additional value-creation opportuniti es. The
Company trades on the TSX Venture Exchange under “P LA”.
For more information on Plata Latina, please contac t :
Mike Clarke, President & CEO
Telephone: +1 800 933 9925
Email: [email protected]
Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts
responsibility for the adequacy or accuracy of this release.
Forward Looking Statements