Latin Metals Appoints Eduardo Leon as Vice President of Exploration and Qualified Person Upsizes Private Placement for Gross Proceeds of $1.3 Million Not for distribuƟon to United States newswire services or for release, publicaƟon, distribuƟon or
Latin Metals Appoints Eduardo Leon as Vice President of
Exploration and Qualified Person
Upsizes Private Placement for Gross Proceeds of $1.3 Million
Not for distribuƟon to United States newswire services or for release, publicaƟon, distribuƟon or
disseminaƟon directly, or indirectly, in whole or in part, in or into the United States.
NR25-07 May 8, 2025
Vancouver, British Columbia – May 8, 2025 – Latin Metals Inc. (TSXV: LMS) ("Latin Metals" or the
"Company") is pleased to announce the appoin tment of Eduardo Leon to Vice President of
Exploration. As part of his new role, Mr. Leon has been designated as the Company's Qualified Person
("QP") under National Instrument 43-101. The Comp any also announces upsizing of its previously
announced private placement for gross proceeds of up to $1.3 million.
Appointment Vice President Exploration
Mr. Leon has been a key contributor to Latin Metals since joining the Company in 2020 as Exploration
Manager. Over the past five years, he has led the Company’s technical e fforts across its South
American portfolio and was instrumental in identifying the sediment-hosted copper potential in
northwest Argentina that led to the Company acquiring a significant land position in the region.
“Eduardo’s promotion re flects his strong leadership, technical acumen, and ability to think
strategically about exploration, ” commented Keith Henderson, President & CEO of Latin Metals. “His
expertise is strongly aligned with Latin Metals’ pr ospect generator model, which aims to maximize
exploration upside for shareholders while minimizing dilution. Acquisition of the right projects and
quickly applying the right suite of exploration techniques are the most important steps in building an
attractive portfolio of projects. His recognition of exploration potential to attract option partners is
key to our process. ”
Mr. Leon is a geologist with 20 years of experience working across multiple countries in Latin
America, including Chile, Brazil, Mexico, Nicaragua, El Salvador, the Dominican Republic, Ecuador,
Peru, and Argentina. He has been involved in al l phases of the exploration process, from leading
grassroots exploration to advanced project development. Mr. Leon has an exceptional track record
in exploration and has experience across a diverse range of deposit types. He holds a BSc in Geology
NR25-07 Continued 2 May 8, 2025
and is currently completing a Professional Master's degree in Mineral Exploration at Colorado School
of Mines.
Upsized Private Placement
The Company also announces that due to investor interest in its non-brokered private placement (the
"Financing") announced on May 5, 2025, it is upsizi ng the Financing to raise total gross proceeds of
up to $1.3 million. The Financing will consist of up to 11,818,182 units in the capital of the Company
(each, a "Unit") at a subscription price of $0.11 per Unit. Each Unit will consist of one common share
in the capital of Latin Metals (each, a "Share") and one common share purchase warrant, with each
warrant entitling the holder thereof to purchase one Share at a price of $0.20 per Share for a period
of 36 months from the closing of the Financing, subject to acceleration provisions (see previous news
release NR25-06, dated May 5, 2025).
The proceeds of the Financing are intended to fund exploration, generative work, and for general
working capital.
The Company may pay finder’s fees on all or a portion of the Financing, consisting of a cash
commission equal to up to 7% of the total gross proceeds raised and finder’s warrants equal to up to
7% of the total number of Units issued, where each finder’s warrant will entitle the holder thereof to
purchase one Share at a price of $0.11 per Share for a period of 12 months from the closing of the
Financing.
All securities issued in connection with the Financing will be subject to a hold period of four-months
and one day in Canada. The Financing is subject to the receipt of all necessary approvals including
acceptance for filing of the Financing by the TSX Venture Exchange (the “TSXV”) and any applicable
securities regulatory authorities. Any participation by directors or o fficers in the Financing is
considered a related party transaction within the meaning of Multilateral Instrument 61-101
Protection of Minority Security Holders in Special Transactions (“MI 61-101”). The related party
transaction will be exempt from the formal valuation and minority shareholder approval
requirements of MI 61-101, as neither the fair mark et value of the securities to be issued under the
Financing nor the consideration to be paid by the directors and o ffi c e r s w i l l e x c e e d 2 5 % o f t h e
Company’s market capitalization.
This news release does not constitute an offer of sale of any of the foregoing securities in the United
States. None of the foregoing securities have been and will not be registered under the U.S.
Securities Act of 1933, as amended (the “1933 Act”) or any applicable state securities laws and may
not be o ffered or sold in the United States or to, or for the account or bene fit of, U.S. persons (as
defined in Regulation S under the 1933 Act) or persons in the United States absent registration or an
applicable exemption from such registration requir ements. This news release does not constitute
an offer to sell or the solicitation of an offer to buy nor will there be any sale of the foregoing securities
in any jurisdiction in which such offer, solicitation or sale would be unlawful.
Incentive Stock Options
The Company announces that it has granted 750,000 common share stock options (each, an
"Option") to certain consultants of the Company. The Options entitle the holder to purchase shares
NR25-07 Continued 3 May 8, 2025
at a price of $0.12 per share for a period of 36 months from the grant date. Including this issuance,
the Company has now set Options representing 8.6% of the issued and outstanding stock.
Upcoming Events
Latin Metals is pleased to announce its particip ation in several upcoming industry conferences,
providing a platform to connect with investors, industry leaders, and potential partners:
121 Mining Investment Conference – London, May 12–13, 2025
Deutsche Goldmesse Spring 2025 – Frankfurt, May 16–17, 2025
The Mining Event – Quebec City, June 3–5, 2025
These events offer valuable opportunities to share Latin Metals’ exploration progress in Argentina and
Peru, highlight the advantages of its low-dilution prospect generator model, and explore strategic
investment and partnership opportunities across its gold, copper, and silver-focused portfolio.
About Latin Metals
Latin Metals Inc. is a copper, gold and silver ex ploration company operating in Peru and Argentina
under a prospect generator model, minimizing risk and dilution while maximizing discovery potential.
With 18 projects, the company secures option agr eements with major mining companies to fund
exploration. Current option holders include AngloGold Ashanti (Organullo Gold Project) and Moxico
Resources (Esperanza & Huachi Copper-Gold Proj ects). This approach provides early-stage
exposure to high-value mineral assets. Latin Metals is actively seeking new strategic partners to
advance its portfolio.
Stay Connected
Follow Latin Metals on YouTube, X, Facebook, LinkedIn and Instagram to stay informed on our latest
developments, exploration updates, and corporate news.
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
NR25-07 Continued 4 May 8, 2025
Phone: 604-638-3456
E-mail: [email protected]
Elyssia Patterson, VP Investor Relations
Email: [email protected]
Phone: 778-683-4324
Neither TSX Venture Exchange nor its Regulati on Services Provider (as that term is de fined in the
policies of the TSX Venture Exchange) accepts respon sibility for the adequacy or accuracy of this
news release.
Cautionary Note Regarding Forward-Looking Statements
This news release contains forward-looking statements and forward-looking information
(collectively, "forward-looking statements") within the meaning of applicable Canadian and U.S.
securities legislation, including the United States Private Securities Litigation Reform Act of 1995. All
statements, other than statements of historical 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,
i t c a n g i v e n o a s s u r a n c e t h a t s u c h e x p e c t a t i o n s w i l l p r o v e t o b e c o r r e c t . O f t e n , b u t n o t a l w a y s ,
forward looking information can be identified by words such as "pro forma" , "plans" , "expects" , "may" ,
"should" , "budget" , "scheduled" , "estimates" , "for ecasts" , "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 statements in this news release, the Company has applied several
material assumptions, including wi thout 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 Company’s Argentine projects
in a timely manner, the availability of financing on suitable terms for the development, construction
and continued operation 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 deve lopment and mine development activities at the
Properties, including the geological mapping, prospecting and sampling programs being proposed
for the Properties (the "Programs"), actual results of exploration activities, including the Programs,
estimation or realization of mineral 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 su fficient supply of water and other materials,
requirements for additional capital, future prices of precious metals and copper, changes in general
NR25-07 Continued 5 May 8, 2025
economic conditions, changes in the financial markets and in the demand and market price for
commodities, possible variations in ore grade or r e c o v e r y r a t e s , p o s s i b l e f a i l u r e s o f p l a n t s ,
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 acquisitions, financing or other planned
activities, changes in laws, regulations and policies a ffecting 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 related to joint
venture operations, and risks related to the integration of acquisitions, as well as those factors
discussed under the heading as well as those factors discussed under the heading “Risk Factors” in
the Company’s annual management’s discussion and analysis and other filings of the Company with
the Canadian Securities Authorities, copies of which can be found under the Company’s pro file on
the SEDAR+ website at www.sedarplus.ca.
Readers are cautioned not to place undue reliance on forward looking statements. Except as
otherwise required by law, the Company undertakes no obligation to update any of the forward-
looking information in this news release or incorporated by reference herein.