EDCU.V · 2023-09-01 12:00:00

Plata Latina Announces Management Update

Management Changes

NEWS RELEASE

PLATA LATINA ANNOUNCES MANAGEMENT UPDATE

Vancouver, BC, September 1, 2023 – Plata Latina Minerals Corporation (TSX-V: PLA) (“Plata

Latina” or the “Company”) announces that its President and CEO and Chair of the Board of Directors,

W. Durand Eppler, will retire effective immediately for personal and health reasons. The Company has

appointed Mr. Gil Clausen as interim President and CEO and Chair of the Board of Directors as the

Company undergoes a strategic review process.

As one of the founding members of Plata Latina, the Company thanks Mr. Eppler for his dedication to

the Company from inception and for his leadership as Chair and CEO over the last five years. He

successfully completed the sale of the Naranjillo project to Fresnillo and managed the downsizing of the

current property portfolio to conserve limited cash resource. The Company wishes Mr. Eppler the best

in his well-deserved retirement.

Mr. Clausen is one of the founders of Plata Latina and was previously Chair of the Company. He is a

recognized mining executive with more than 30 year s' experience in the areas of senior management,

finance, development and operations in the base and precious metals industry. He was most recently

President and CEO and Director of Copper Mountain Mining Corporation, which was acquired by

Hudbay Minerals Inc. in June 2023. Prior to that, Mr. Clausen was President and CEO and Director of

Brio Gold Inc., which was acquired by Leagold Mining Corp in May 2018, and President and CEO and

Director of Augusta Resource Corporation, which was acquired by Hudbay Minerals Inc. in September

2014. Mr. Clausen has a Bachelors and Masters degrees in Mining Engineering from Queen's

University.

About Plata Latina Minerals

Plata Latina Minerals was a Canadian exploration company which was in the business of exploring and

evaluating mineral property assets, principally in Mexico. The Company has since sold or relinquished

its interests in four Mexican mineral properties and is undergoing a strategic review process, which

includes capitalizing on the value of the Company as a clean listed shell with modest cash and cash

flow. Following the completion of an option agreem ent in 2020 where the Company sold its Naranjillo

Property to Fresnillo for a total of US $2,150,000 over three years, Plata Latina currently receives

advance royalty payments of US $100,000 until the earlier of (i) US $1,000,000 of advance royalty

payments have been paid, or (ii) Naranjillo commences commercial production of minerals. The

Company also was granted a 3% net smelter return royalty.

For more information, please contact:

Patricia Fong

Chief Financial Officer

Telephone: +1 800 933 9925

Neither TSX Venture Exchange nor its Regulation Servic es Provider (as that term is defined in the

policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this

release.