Plata Latina Announces Sale and Royalty Agreement with Fortuna ON the LA Joya Project

NEWS RELEASE

PLATA LATINA ANNOUNCES SALE AND ROYALTY AGREEMENT WITH

FORTUNA ON THE LA JOYA PROJECT

Vancouver, BC, August 22, 2024 – Plata Latina Minerals Corporation (TSX-V: PLA) (“Plata

Latina” or the “Company”) is pleased to announce that, through its wholly -owned subsidiary

Plaminco S.A. de C.V., it has entered into an agreement with a wholly -owned subsidiary of

Fortuna Mining Corp. (“Fortuna”) wherein Plata Latina has assigned to Fortuna the mining

concession for the La Joya Project (the “Project”) in consideration for the right to receive a royalty

of 2% of the Net Smelter Returns (“NSR”) on the Project commencing at the start of commercial

production on the Project. Fortuna may at any time acquire 1% of the NSR for US$1,000,000.

The La Joya Project is located in the state of Hidalgo, Mexico.

“We are pleased we are able to retain exposure to the future upside at the La Joya Project and

add another royalty to our Company,” stated Letitia Wong, Plata Latina’s President and CEO.

“We now have two royalties in our portfolio as we continue our strategic review of Plata Latina

and explore potential transformational transactions. With both cash and cash flow, we are taking

the time to thoroughly evaluate various opportunities.”

Plata Latina also has a royalty agreement with a wholly-owned subsidiary of Fresnillo plc on the

Naranjillo Property. The Company 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% NSR

royalty. Naranjillo is located in Guanajuato, Mexico.

About Plata Latina Minerals

Plata Latina Minerals was a Canadian exploration company with mineral properties in Mexico.

The Company sold its Naranjillo Property to Fresnillo plc for a total of US $2,150,000 and 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. In addition, the Company was granted a 3% net smelter return royalty (NSR). The

Company also has a 2% NSR on the La Joya Project, which is indirectly owned by Fortuna Mining

Corp.

For more information, please contact:

Patricia Fong

Chief Financial Officer

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.