Latin Metals Amends Agreement for 100% Ownership of Drill-Ready Cerro Bayo Silver-Gold Project, Santa Cruz Province, Argentina
Latin Metals Amends Agreement for 100% Ownership of
Drill-Ready Cerro Bayo Silver-Gold Project,
Santa Cruz Province, Argentina
NR25-11 June 25, 2025
Vancouver, B.C. – Latin Metals Inc. ("Latin Metals " or the "Company") - (TSXV: LMS)
(OTCQB: LMSQF) is pleased to announce that it has en tered into an amending agreement (the
"Amended Agreement ") to complete acquisition of 100% of the Cerro Bayo and La Flora
Properties ("Cerro Bayo"), located in Santa Cruz Province, Argentina. This follows the receipt of
drill permits earlier this year, positioning Cerro Ba yo as a fully permitted, drill-ready silver-gold
exploration asset in one of South America’s premier mining jurisdictions.
Renegotiated Terms to Secure 100% Ownership
Under an option agreement with Tres Cerros Exploraciones S.R.L. (“TCE”), Latin Metals previously
vested a 71% interest in Cerro Bayo (see prev ious news release, November 6, 2024). Under the
terms of the Amended Agreement, the Company has agreed to purchase the remaining 29%
(aggregate 100%) on the following revised terms:
• Total consideration of US$400,000, payable in three tranches:
o US$100,000 on or before June 30, 2025
o US$150,000 on or before June 30, 2026
o US$150,000 on or before June 30, 2027
• TCE retains a 0.75% Net Smelter Return (NSR) royalty
• Latin Metals holds a buyback right on 0.5% of the NSR for US$1 million
The Amended Agreement revises the previous op tion consideration of US$753,000 due in May
2025 for 80% and an optional top-up amount of US$800,000 due to be paid in September 2025
for the remaining 20%. The Amended Agreement is a purchase agreement, and payment of the
US$400,000 consideration is an i rrevocable commitment. The requi rement to deliver an NI 43-
101 report to Tres Cerros has been eliminated.
“This amended agreement is a win-win for TCE and Latin Metals . TCE has secured committed
payments over 24 months, whereas Latin Meta ls has reduced near-term capital demands,
providing the Company with greater flexibility to structure a futu re partner earn-in agreement,”
stated Keith Henderson, President & CEO. “Cerro Bayo is fully drill permitted and with these
amended acquisition terms, Cerro Bayo is now a standout opportunity for value-focused strategic
partners.”
NR25-11 Continued 2 June 25, 2025
¹ Sillitoe, R. H. & Hedenquist, J. W. (2003). Linking gold deposits to mineral systems
² Newmont Reserve Report 2024
³ Hochschild Mining Reports
A technical presentation is available on the Company’s website, including detailed exploration
results and drill targets.
Cerro Bayo Now Fully Permitted for Drilling
In March 2025, Latin Metals received formal ap proval of the Environmental Impact Assessment
(EIA), authorizing exploration drilling at Cerro Bayo. The approved permit includes authorization
for 21 drill pads across the project area. A total of nine high-priority targets defined by historical
and recent exploration and the project is year-round accessible, with excellent infrastructure and
an experienced workforce in Santa Cruz Province.
Exploration work completed to date, including geochemical sampling, detailed mapping, and
over 100 line-km of magnetic surveys, has defined a 6 km-wide structural corridor with multiple
low-sulfidation epithermal-style vein targets. Rock chip samples have returned up to 2.1 g/t gold
and 460 g/t silver.
Strategic Position in the Deseado Massif
Cerro Bayo is located in the heart of the Desead o Massif, a prolific region with over 600 million
ounces of silver and 20 million ounces of gold discovered since 1990.(1) The district hosts multiple
producing mines and advanced-stage projects, including:
• Newmont’s Cerro Negro Mine (~7 Moz AuEq) (2)
• Hochschild’s San Jose Mine (~64 Moz AgEq) (3)
Cerro Bayo’s geological setting, structural controls, and alteration footprint are consistent with
known high-grade gold-silver systems in the region.
Readers are cautioned that the mineral deposits discussed above are adjacent properties and that
Latin Metals has no interest in or right to acqu ire any interest in the deposits, and that mineral
deposits on adjacent or similar properties, an d any production therefore or economics with
respect thereto, are not in any way indicative of mineral deposits on Latin Metals’ Cerro Bayo
property or the potentia l production from, or cost or econom ics of, any future mining of any of
Latin Metals’ mineral properties.
About Latin Metals
Latin Metals Inc. is a copper, gold and silver exploration company operating in Peru and Argentina
under a prospect generator model, minimizing ri sk and dilution while maximizing discovery
potential. With 18 projects, the company secu res option agreements with major mining
companies to fund exploration. Current option holders include AngloGold Ashanti (Organullo
Gold Project) and Moxico Resources (Esperanza & Huachi Coppe r-Gold Projects). This approach
provides early-stage exposure to high-value mine ral assets. Latin Metals is actively seeking new
strategic partners to advance its portfolio.
Recent and Upcoming Conferences
Latin Metals recently presented and met with investors at three investor events:
• 121 Mining Investment Conference – London (May 12–13, 2025)
NR25-11 Continued 3 June 25, 2025
¹ Sillitoe, R. H. & Hedenquist, J. W. (2003). Linking gold deposits to mineral systems
² Newmont Reserve Report 2024
³ Hochschild Mining Reports
• Deutsche Goldmesse – Frankfurt (May 16–17, 2025)
• THE Mining Event – Quebec City (June 3–5, 2025)
Upcoming investor conferences include:
• The Rule Symposium on Natural Resource Investing 2025 - Florida (July 7-11, 2025)
These events provide key opportunities to show case Latin Metals’ progress and introduce its
high-quality portfolio to new strategic and institutional audiences.
Stay Connected
Follow Latin Metals on YouTube, X, Facebook, LinkedIn and Instag ram to stay informed on our
latest developments, exploration updates, and corporate news.
Qualified Person
Eduardo Leon, QP, is the Company's qualified pers on as defined by NI 43-101 and has reviewed
the scientific and technical information that forms the basis for portions of this news release. He
has approved the disclosure herein. Mr. Leon is not independent of the Company, as he is an
employee of the Company and holds securities of the Company.
On Behalf of the Board of Directors of
LATIN METALS INC.
“Keith Henderson”
President & CEO
For further details on the Company, readers are referred to the Company's website (www.latin-
metals.com) and its Canadian regulatory filings on SEDAR+ at www.sedarplus.com.
For further information, please contact:
Keith Henderson
Suite 890 - 999 West Hastings Street,
Vancouver, BC, V6C 2W2
E-mail: [email protected]
Elyssia Patterson, VP Investor Relations
Email: [email protected]
Phone: 778-683-4324
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 news release.
Cautionary Note Regarding Forward-Looking Statements
NR25-11 Continued 4 June 25, 2025
¹ Sillitoe, R. H. & Hedenquist, J. W. (2003). Linking gold deposits to mineral systems
² Newmont Reserve Report 2024
³ Hochschild Mining Reports
This news release contains forward-looking statements and forward-looking information (collectively, "forward-looking
statements") within the meaning of applicable Canadian and U.S. se curities legislation, including the United States Private
Securities Litigation Reform Act of 1995. All statements, other than statements of hi storical fact, included herein including,
without limitation, the anticipated content, commencement, timing and cost of exploration programs in respect of the Property
and otherwise, anticipated exploration program results from exploration activities, and the Company's expectation that it will be
able to enter into agreements to acquire interests in additional mineral properties, the discovery and delineation of mineral
deposits/resources/reserves on the Properties, and the anticipated business plans and timing of future activities of the Company,
are forward-looking statements. Although the Company believes that such statements are reasonable, it can give no assurance
that such expectations will prov e to be correct. Often, but not always, forward looking information can be identified by words
such as "pro forma", "plans", "expects", "may", "should", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates",
"believes", "potential" or variations of such words including negative variations thereof, and phrases that refer to certain actions,
events or results that may, could, would, might or will occur or be taken or achieved. In making the forward-looking statement s
in this news release, the Company has applied several material assumptions, including without limitation, market fundamentals
will result in sustained precious and base metals demand and prices, the receipt of any necessary permits, licenses and regulatory
approvals in connection with the future development of the Com pany’s Argentine projects in a timely manner, the availability of
financing on suitable terms for the develo pment, construction and continued oper ation of the Company projects, and the
Company’s ability to comply with environmental, health and safety laws.
Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results,
performance or achievements of the Company to differ materially from any future results, performance or achievements expressed
or implied by the forward-looking information. Such risks and other factors include, among others, operating and technical
difficulties in connection with mineral exploration and development and mine development activities at the Properties, including
the geological mapping, prospecting and samplin g programs being proposed for the Proper ties (the "Programs"), actual results
of exploration activities, including the Pr ograms, estimation or realization of mine ral reserves and mineral resources, the timing
and amount of estimated future production, costs of production, capital expenditures, the costs and timing of the development of
new deposits, the availability of a sufficient supply of water and other materials, requirements for additional capital, future prices
of precious metals and copper, changes in general economic conditions, changes in the financial markets and in the demand and
market price for commodities, possible variations in ore grade or recovery rates, possible failures of plants, equipment or processes
to operate as anticipated, accidents, labour disputes and other risks of the mining industry, delays or the inability of the Company
to obtain any necessary permits, consents or authorizations required, any current or future property ac quisitions, financing or
other planned activities, changes in laws, regulations and polici es affecting mining operations , hedging practices, currency
fluctuations, title disputes or claims limitations on insurance coverage and the timing and possible outcome of pending litigation,
environmental issues and liabilities, risks re lated to joint venture operations, and ris ks related to the integration of acquis itions,
as well as those factors discussed under th e heading as well as those factors discussed under the he ading “Risk Factors” in the
Company’s annual management’s discussion and analysis and othe r filings of the Company with the Canadian Securities
Authorities, copies of which can be found under the Company’s profile on the SEDAR+ website at www.sedarplus.ca.
Readers are cautioned not to place undue reliance on forward look ing statements. Except as ot herwise required by law, the
Company undertakes no obligation to update any of the forward-look ing information in this news release or incorporated by
reference herein.
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