Latin Metals Inc. announced that it has entered into a binding Letter Agreement (the Letter Agreement) with Golden Arrow Resources Corp. (Golden Arrow) to earn up to a 100% interest in the 3,500-hectare Huachi Property (Huachi). Huachi is contiguous with the company's Esperanza Project (Esperanza), located in San Juan Province, Argentina.

Option Agreement Terms. Under the terms of the Letter Agreement, Latin Metals has been granted the Option to earn an initial 75% interest in the Huachi project by incurring exploration expenditures totaling USD 1,000,000 and making cash payments of USD 1,000,000 to Golden Arrow over a four-year period. The Letter Agreement will serve as the basis for the preparation of the Definitive Agreement, to be completed within 90 days after the execution of the Letter Agreement (signed).