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Latin American Minerals Announces Grant of Options

Share Capital & Compensation

LATIN AMERICAN MINERALS ANNOUNCES GRANT OF OPTIONS

January 9, 2018 – Toronto, Ontario – Latin American Minerals Inc. (TSXV: LAT) (the “Company”)

announces that it has granted an aggregate of 4,950,000 options to purchase common shares of the Company

exercisable at a price of $0.13 per common share for a period of 5 years to directors, officers and consultants

of the Company. The common shares issuable upon exercise of the options are subject to a four month hold

period from the original date of grant.

About the Company

Latin American Minerals Inc. is a mineral exploration and gold mining company which holds its core gold

projects in Paraguay. The Company is currently expanding its Independencia Mine gold processing plant

to encompass vat-leach gold recovery from mineralization extracted in open pit bulk mining activities at its

fully permitted mining concession.

Management has identified explor ation targets at Independencia Mine, and six new gold zones on the

Company’s adjacent exploration claims, for drill testing. This property package comprises the Company’s

15,020 hectare Paso Yobai gold project.

For more information, please contact:

Mathew Wilson, President & CEO

Toronto: (1-416) 643-7630

E-mail: [email protected]

Website: www.latinamericanminerals.com

The Company’s public documents may be accessed at www.sedar.com.

For further information, please visit our website at www.latinamericanminerals.com or email us at

[email protected].

Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

This news release contains certain “forward-looking information” within the meaning of applicable securities law. Forward looking information

is frequently characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate”, “may”, “will”, “would”,

“potential”, “proposed” and other similar words, or statements that certain events or conditions “may” or “will” occur. These statements are

only predictions. Forward-looking information is based on the opinions and estimates of management at the date the information is provided, and

is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected

in the forward-looking information. For a description of the risks and uncertainties facing the Company and its business and affairs, readers should

refer to the Company’s Management’s Discussion and Analysis. The Company undertakes no obligation to update forward-looking information if

circumstances or management’s estimates or opinions should change, unless required by law. The reader is cautioned not to place undue reliance

on forward-looking information.

Not for distribution to U.S. Newswire Services or for dissemination in the United States. Any failure to comply with this restriction may constitute

a violation of U.S. Securities laws.