Plata Latina Announces Debt Settlement

NEWS RELEASE

PLATA LATINA ANNOUNCES DEBT SETTLEMENT

Vancouver, BC, October 18, 2018 – Plata Latina Minerals Corporation (TSX-V: PLA) (“Plata

Latina” or the “Company”) announced that the Company has agreed to settle indebtedness of

C$201,250 owing to its directors for accrued directors’ fees from 2015 to present, and

indebtedness of C$30,000 owing to its former CFO for a portion of the indebtedness owing to her

as accrued management fees.

The Company has agreed to settle the aforementioned debt by issuing 4,025,000 common shares

with respect to the accrued directors fees owing to W. Durand Eppler, Robert Blakestad, Letitia

Wong and Margaret Brodie, and 600,000 common shares for the accrued management fees

owing to Margaret Brodie. All of the shares will be issued at a deemed price of C$0.05 per share.

The above -described debt s ettlement is subject to acceptance for filing by the TSX Venture

Exchange. All of the common shares to be issued in connection with the settlement will be subject

to a four-month hold.

About Plata Latina Minerals

Plata Latina Minerals is a Canadian exploration company with a portfolio of four silver -gold

properties situated in the prolific Mexican Silver Belt focused on discovering new silver-gold vein

districts. Plata Latina’s expertise in the ore horizon concept and extensive experience in Mexico

provides a competitive edge for discovery of new districts between old historic deposits. Its highly

experienced management team and board are focused on developing its portfolio of high-potential

targets and exploring additional value-creation opportunities.

For more information, please contact:

W. Durand Eppler

Interim President & CEO

Telephone: +1 800 933 9925

Email: [email protected]

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 release.