Plata Latina Enters Agreement FOR Its Three Mexican Properties
NEWS RELEASE
PLATA LATINA ENTERS AGREEMENT FOR ITS THREE MEXICAN PROPERTIES
January 27, 2020, VANCOUVER, BC – Plata Latina Mine rals Corporation (TSX-V: PLA) (“Plata Latina” or the
“Company”) is pleased to announce that through its wholly-owne d subsidiary Plaminco S.A. de C.V., it has entered into
an Agreement of Assignment of Mining Concessions (t he " Agreement ") with Minera Argentita Exploracion, S. de R.L. de
C.V., a wholly-owned subsidiary of The Electrum Gro up ("Electrum"), with respect to Plata Latina’s thr ee exploration
properties in Mexico, which include Vaquerias, Palo Alto and La Joya (the “Three Properties”).
Pursuant to the Agreement, Electrum will pay Plata Latina US $100,000 for each property that it exerci ses the option for,
potentially totalling US $300,000. The Company will grant Electrum a period of four months (the “Optio n Period”) the
exclusive right to evaluate the Three Properties. The Option Period started on January 20, 2020 and will expire on May 20,
2020. On or before the expiration of the Option Pe riod, Electrum has the right to exercise its option to acquire any or all of
the three exploration concessions. Electrum has commenced their due diligence.
In addition, during the Option Period, Electrum has agreed to reimburse the Company the remaining 2019 semi-semester
mining duties on the Three Properties up to a maxim um amount of US $50,000. Electrum will also pay th e mining duties
for the first six-month period of 2020 on the Three Properties.
About the Three Properties
The Vaquerias Property is situated in the state of Jalisco, Mexico, northwest of the Guanajuato Mining District and consists
of two Federal exploration concessions, totalling 4,411 hectares in area. The mining permits are valid until 2061.
The Palo Alto Property is located in the state of A guas Calientes, Mexico, also northwest of the Guana juato Mining District
and consists of three Federal exploration concessions, totaling 4,722 hectares and are valid until 2061 to 2062.
The La Joya Property is located in the state of Hidalgo, Mexico, southeast of the Guanajuato Mining District and consists of
one Federal exploration concession, totalling 924 h ectares. The concession is valid until 2060.
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 with its ore horizon concept
model and extensive experience in Mexico provides a competitive edge for discovery of new districts be tween old historic
deposits. Its highly experienced management team an d board are focused on developing its portfolio of high-potential
targets and exploring additional value-creation opportunities.
For more information on Plata Latina, please contac t :
W. Durand Eppler, President & CEO
Telephone: +1 800 933 9925
Email: [email protected]
Neither TSX Venture Exchange nor its Regulation Ser vices Provider (as that term is defined in the poli cies of the TSX
Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
The forward-looking statements contained in this ne ws release are made as of the date of this release. Except as required
by applicable law, Plata Latina disclaims any inten tion and assumes no obligation to update or revise any forward-looking
statements, whether as a result of new information, future events or otherwise. Forward-looking inform ation reflects the
current expectations or belief of the Company based on information currently available and such information is subject to a
number of assumptions, risks and uncertainties, inc luding risks related to exploration, uncertainties related to financings,
the uncertainties of interpreting exploration results and other risks associated being a mineral explo ration company.