Latin Metals Receives Permit to Resume Exploration Activities in Peru Announces Management Changes
Latin Metals Receives Permit to Resume
Exploration Activities in Peru
Announces Management Changes
NR20‐09 October 1, 2020
Vancouver, B.C. – Latin Metals Inc. ("Latin Metals" or the "Company") ‐ (TSX‐V: LMS)
(OTCQB: LMSQF) provides an update on the resumption of exploration activities i n P e r u a n d
details of management changes.
Permits to Resume Work – Effective Immediately
The Company's Peruvian subsidiary has received the necessary pe rmits to resume operations in
Peru.
Over the past months, non‐essential activities have been restricted in Peru due to the COVID‐19
pandemic, but resumption of certain activities is now allowed w ith prior authorization from the
M i n i s t r y o f H e a l t h . T o o b t a i n t h e n e c e s s a r y S I S C O V I D p e r m i t , Latin Metals has submitted a
comprehensive emergency plan and sanitary working protocols, which will ensure all exploration
is carried out in a safe manner. The Company is now able to pr oceed with planned work at the
recently acquired Lacsha and Auquis copper projects, both of which are located within the
Coastal Copper belt.
“We believe that our exploration at Lacsha and Auquis can be ca rried out in a safe manner and
we are happy to be further de‐risking these projects through detailed surface exploration,” stated
Keith Henderson, the Company’s President & CEO. “At a time when many explorers and
developers have simply stopped work, we want to demonstrate that value can be created, even
during challenging times. We hope that our work will allow us to define drill targets before year
end.”
Planned work will include stakeholder engagement, followed by m apping and geochemical
sampling to further define target areas on the properties. The goal is to define drill targets and
secure permits for drill testing before securing joint venture partners to fund exploration drilling.
The Comp a ny is also activ ely seekin g to acquire additional expl oration properties in Peru and
welcomes submittals from any owners of mineral rights.
Management ‐ CFO
The Company announces the appointment of Ms. Dani Palahanova as Chief Financial Officer. Ms.
Palahanova replaces Mr. Blaine Bailey who will assist the Compa ny through a transition period.
The Company would like to thank Mr. Bailey for his hard work ov er the past several years and
wishes him every success in the future.
NR20‐09 Continued 2 October 1, 2020
Ms. Dani Palahanova is a CPA, CGA with over 15 years of experie nce in managing and leading
finance and accounting functions of publicly listed Canadian companies operating internationally.
Ms. Palahanova has held positions as CFO, Controller and Corporate Secretary for various junior
exploration and technology compa nies in Vancouver. She was an instrumental member of the
finance team that supported Asanko Gold Inc. transition from a late stage exploration company
to a mid‐tier gold producer. Ms. Palahanova holds an Executive MBA degree from Simon Fraser
University, Beedie School of Business.
Management – Exploration Manager
The Company also announces that Eduardo Leon has been appointed as Exploration Manager,
Peru. This creation of this new position will assist the Compa ny expand its asset‐base in Peru,
which is a key objective for 2020 and beyond
Mr. Leon worked as a Senior geologist on Lumina Copper's Taca T aca project in northern
Argentina from 2011‐12, where he helped manage a large drilling campaign which resulted in a
major copper‐gold porphyry discovery and later, the purchase of Lumina by First Quantum
Minerals for US$470M. Thereafter, Eduardo held a variety of senior technical positions with
companies working in Peru, Mexico, El Salvador, Nicaragua and Brazil. Most recently, from 2017‐
19, he served as Exploration Manager in Peru for Auryn Resource s, where he contributed to the
development of the Sombrero and Curibaya projects. Eduardo hold s a degree in Geology from
San Marcos University in Lima, Peru and has 16 years of exploration experience.
Stock Option Grant
The Company also announced that it has granted 100,000 common share stock options (each an
“Option”) to various employees and consultants of the Company a nd its affiliates. The Options
entitle the holder to purchase shares at a price of $0.14 per share for a period of 36 months from
the issue date.
About Latin Metals
Latin Metals is a mineral exploration company with a diversified portfolio of gold and copper
exploration assets in South Amer ica. The Company operates with an investor‐focused Prospect
Generator model, which brings pot ential advantages to sharehold ers such as exposure to
multiple exploration projects reducing discovery risk. Most of the exploration expense could be
borne by JV partners, potentially reducing dilution associated with funding ongoing exploration
activities. The Company’s project portfolio brings exposure to multiple commodities, reducing
the impact associated with commodity price cycles. In all future property agreements, the
Company intends to retain a minority interest across the portfo lio, providing shareholders with
exposure to potential discovery.
Qualified Person
Keith J. Henderson, P.Geo., is the Company's qualified person a s defined by NI 43‐101 and has
reviewed the scientific and technical information that forms th e basis for portions of this news
r e l e a s e . H e h a s a p p r o v e d t h e d i s c l o s u r e h e r e i n . M r . H e n d e r s o n is not independent of the
Company, as he is an employee of the Company and holds securities of the Company.
NR20‐09 Continued 3 October 1, 2020
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 web site (www.latin‐
metals.com) and its Canadian regulatory filings on SEDAR at www.sedar.com.
For further information, please contact:
Keith Henderson
Suite 2300‐1177 West Hastings Street
Vancouver, BC, V6E 2K3
Phone: 604‐638‐3456
E‐mail: info@latin‐metals.com
Neither TSX Venture Exchange nor its Regulation Services Provid er (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
This news release contains forward‐looking statements and forwa rd‐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, statements regarding the negotiation of the Option Agreements and exercise of the Option for the Properties,
the anticipated content, commencement, timing and cost of explo ration programs in respect of the Properties and otherwise,
anticipated exploration program r esults from exploration activi ties, and the Company's expectation that it will be able to ent er
into agreements to acquire interests in additional mineral prop erties, 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 prove to be correct. Often, but no t always, forward looking information can be identified by word s
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 o r be taken or achieved. In making the forward‐looking statemen ts
in this news release, the Company has applied several material assumptions, including without limitation, market fundamentals
will result in sustained precious metals demand and prices, the receipt of any necessary permits, licenses and regulatory approvals
in connection with the future de velopment of the Company's Arge ntine projects in a timely manne r, the availability of financin g
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 develop ment and mine development activities at the Properties, including
the geological mapping, prospecting and sampling programs being proposed for the Properties (th e "Programs"), actual results
of exploration activities, including the Programs, estimation o r realization of mineral reserve s and mineral resources, the ti ming
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 req uired, including TSX‐V acceptance for filing of the Option
NR20‐09 Continued 4 October 1, 2020
Agreements, any current or future property acquisitions, financ ing or other planned activities, changes in laws, regulations a nd
policies affecting mining operations, hedging practices, currency fluctuations, title disputes or claims limitations on insurance
coverage and the timing and possible outcome of pending litigat ion, environmental issues and li abilities, risks related to joi nt
venture operations, and risks related to the integration of acquisitions, as well as those factors discussed under the heading "Risk
Factors" in the Company's latest Management Discussion and Analysis and other 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.sedar.com.
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.
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