Latin Metals : Corporate Presentation - April 2024

www.LATIN-METALS.com

Q2 2024	TSX.V: LMS
OTCQB: LMSQF
CORPORATE PRESENTATION

Forward-Looking and Cautionary Statements

Forward Looking and Cautionary Statements This presentation 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 concerning the business, operations and financial performance and condition of Latin Metals Inc. (the "Company"). All statements, other than statements of historical fact, included herein including, without limitation, statements regarding future capital expenditures and financings (including the amount and nature thereof), anticipated content, commencement, and cost of exploration programs in respect of the Company's projects and mineral properties, anticipated exploration program results from exploration activities, the discovery and delineation of mineral deposits, resources and/or reserves on the Company's projects and mineral 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 not always, forward looking information can be identified by words 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 or be taken or achieved. Forward looking information involves 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, the ability of the Company to obtain sufficient financing to fund its business activities and plans, operating and technical difficulties in connection with mineral exploration and development and mine development activities for Company's projects generally, including the geological mapping, prospecting and sampling programs for the Company's projects, actual results of exploration activities, including the 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 sufficient supply of water and other materials, requirements for additional capital, future prices of precious metals, tantalum and lithium, 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 in obtaining governmental and regulatory approvals (including of the TSX Venture Exchange), permits or financing or in the completion of development or construction activities, changes in laws, regulations and policies affecting 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 "Risk Factors" in the Company's most recent 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 profile on the SEDAR website at www.sedarplus.ca. Readers are cautioned not to place undue reliance on forward-looking statements. The Company undertakes no obligation to update any of the forward looking information in this presentation or incorporated by reference herein, except as otherwise required by law.

National Instrument 43-101 Keith Henderson, the President, CEO and Director of the Company, and a Qualified Person as defined by National Instrument 43-101, has approved the scientific and technical information concerning the Company discussed in this presentation

Cautionary Note to United States Investors As a Canadian issuer, the Company is permitted to prepare its public disclosures and this presentation in accordance with Canadian securities laws, which differ in certain respects from U.S. securities laws. In particular, this presentation uses the terms "mineral resource", "measured mineral resource", "indicated mineral resource" and "inferred mineral resource". While these terms are recognized and required by Canadian securities laws, they are not recognized by the United States Securities and Exchange Commission ("SEC") and are not normally permitted to be disclosed in SEC filings by U.S. companies. U.S. investors are cautioned not to assume that any part of a "mineral resource", "measured mineral resource", "indicated mineral resource" or an "inferred mineral resource" will ever be converted into a "reserve". In addition, "reserves" reported by the Company under Canadian standards may not qualify as reserves under SEC standards. Under SEC standards, mineralization may not be classified as a "reserve" unless the mineralization can be economically and legally extracted or produced at the time the "reserve" determination is made. Accordingly, information contained or referenced in this presentation containing descriptions of the Company's mineral deposits may not be compatible to similar information made public by U.S. companies subject to the reporting and disclosure requirements of U.S. federal securities laws, rules and regulations. "Inferred mineral resources" have a great amount of uncertainty as to their existence and great uncertainty as to their economic and legal feasibility. It cannot be assumed that all or any part of an inferred mineral resource will ever be upgraded to a higher category. Historical results or feasibility models presented herein are not guarantees or expectations of future performance.

Currency All amounts in this presentation are expressed in Canadian dollars, unless otherwise stated.

THIS PRESENTATION IS NOT INTENDED AS, AND DOES NOT CONSTITUTE, AN OFFER TO SELL SECURITIES OF THE COMPANY.

The TSX Venture Exchange has not reviewed and do not accept responsibility for the accuracy or adequacy of this presentation, which has been prepared by the Company.

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Prospect Generator Business Model in South America

Focused on Peru & Argentina Focused on Precious and Base Metals Focused on Shareholders

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Top Five Reasons To Invest In Latin Metals

A forward-thinking approach to exploration

PARTNERSHIPS AND INDUSTRY BACKING

Collaborations with major industry players like AngloGold Ashanti, Newmont, Barrick and Yamana.

$5 million in anticipated partner investments for 2024.

DIVERSIFIED EXPLORATION PORTFOLIO

16 projects and 2 royalties in mineral-rich regions of Peru and Argentina. More projects = an increased chance of significant mineral discoveries.

SHAREHOLDER-ALIGNED MANAGEMENT

Approximately 49% of shares are held by management and board. A strong commitment to shareholder value and company success.

STRATEGIC SOUTH AMERICAN FOCUS

Exclusive focus on South America's rich mineral potential.

Stable regulatory environment for mining and exploration.

PROSPECT GENERATOR MODEL

NOTABLE POTENTIAL

FOR GROWTH

Minimizes costs and dilution through an investor-focused approach.

Aim to maximize exploration success while conserving financial resources.

Prospect Generator Model

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Staged Exploration

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2023 Overview: Achievements & Partnerships

A year of robust exploration and strategic deal-making

Project Milestones

Organullo Gold Project: Completed airborne survey, advancing to drill permits.

Cerro Bayo & Esperanza Projects: Identified drill targets and drill permitting in progress.

Lacsha Project: Drill permit granted.

Auquis Project: Extensive exploration completed, and drill permitting is in progress.

Strategic Deals

Option Agreement: Current agreement with AngloGold Ashanti.

Project Dispositions: Secured funding through project sales, retaining royalties.

Financial Highlights: Contracts up to $15M of non-dilutive investment, retained 20-30% interest

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Project Portfolio

	PROJECT	COMMODITY	COUNTRY	STATUS
	Mina Angela	Gold	Argentina	 1.25% NSR Royalty
	El Quemado	Lithium	Argentina	 2.0% NSR Royalty
	Organullo	Gold	Argentina	 Optioned to AngloGold Ashanti
	Trigal	Gold	Argentina	 Optioned to AngloGold Ashanti
	Ana Maria	Gold	Argentina	 Optioned to AngloGold Ashanti
	Esperanza	Copper-Gold	Argentina	 Partner-Ready
	Cerro Bayo	Gold	Argentina	 Partner-Ready
	La Flora	Gold	Argentina	 Partner-Ready
	Lacsha	Copper	Peru	 Partner-Ready
	Auquis	Copper-Gold	Peru	 Partner-Ready
	Jacha	Copper	Peru	 Active Exploration
	Loli	Copper	Peru	 Active Exploration
	Para	Copper	Peru	 Active Exploration
	Tillo	Copper	Peru	 Active Exploration
	Mirador	Copper	Argentina	 Active Exploration
	Solario	Copper	Argentina	 Active Exploration
	Ventana	Copper	Argentina	 Active Exploration
	Terraza	Copper	Argentina	 Active Exploration

Royalty

Partnered

Available for JV

Exploration

"Latin Metals maintains a vibrant

project pipeline, continuously generating and exploring new prospects to ensure a steady stream of joint venture opportunities.

Our strategy revolves around dynamic

portfolio management, where the optioning of projects to partners is seamlessly balanced with the introduction of fresh ventures, sustaining growth and value creation."

- Keith Henderson, CEO, Latin Metals

Timeline

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Growth Potential

Retained Interest

• Latin Metals retains an interest in each partnered project
• Partner funded success is non dilutive success for LMS

Five-Year Plan

• Aiming for an average $25 million of partner investment per year / equivalent to ~75,000m drilling

Quality Partners

• Financially capable with excellent discovery teams
• Major companies have high hurdle rates
• Current partners include AngloGold Ashanti

Projects Royalties

Peer Benchmarking Analysis

10	TSX.V: LMS
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