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SAG.V ·

Latin American Minerals Announces Termination of Non-Binding Letter Agreement

Mergers & Acquisitions

LATIN AMERICAN MINERALS ANNOUNCES

TERMINATION OF NON-BINDING LETTER AGREEMENT

August 27, 2019 – Toronto, Ontario – Latin American Minerals Inc. (TSXV: LAT) (the

“Company”) wishes to announce that, further to its press release dated June 26, 2019, the non-

binding letter agreement dated May 8, 2019 (the “Letter Agreement ”) with The Bullet ID

Corporation (“Bullet”) to complete a business combination that would result in a reverse

takeover of the Company , has been terminated in accordance with the provisions of the Letter

Agreement effective immediately. Furthermore, no deposits or cash advances were paid by the

Company in connection with the Letter Agreement.

Trading in the Company’s common shares is expected to resume on the TSX Venture Exchange

on or about August 30, 2019.

For further information please contact:

Mathew Wilson, Mfin, CFA

President and CEO

Tel: 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

[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 plac e 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.