Latin American Minerals Extends Exercise Period for $0.30 Warrants

FOR IMMEDIATE RELEASE TSX Venture Exchange Symbol: LAT

Latin American Minerals Extends Exercise Period for $0.30 Warrants

September 27, 2011 – Toronto, Ontario – Latin American Minerals Inc. (TSXV:LAT) (the "Corporation") announces that it has received approval from the TSX Venture Exchange (the "Exchange") for a one year extension for the 4,700,000 outstanding share purchase warrants ("Warrants") issued pursuant to the 10,000,000 unit ("Unit") private placement at a price of $0.15 per Unit completed on October 5, 2009. Each Unit was comprised of one common share of the Corporation ("Common Share") and one-half of one Warrant. Each full Warrant is exercisable for one Common Share at an exercise price of $0.30 per Common Share. The Warrants were due to expire on October 5, 2011.

The new expiry date of the Warrants is October 5, 2012.

About the Company:

Latin American Minerals Inc. is a well-financed mineral exploration company focused on the acquisition and development of projects in emerging mineral districts within South America. In 2007, the Company identified Paraguay as a significant country for grassroots exploration. The multiple new mineral systems identified in this stable democratic country demonstrate a tremendous breadth of mineral wealth. The Company’s Paso Yobai Gold Project, the Itapoty Diamond Project and the Chiriguelo Rare Earths / Niobium Project are all located in Paraguay.

For more information, please contact:

Miles Rideout President and CEO Argentina: (54-261) 439-9268 Toronto: (1-416) 902-8558 or 360 1921 www.latinamericanminerals.com

Andreas Curkovic Investor Relations 416-577-9927

Neither the 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 release.