LATIN EXERCISES OPTION AGREEMENT OVER THE HIGH-GRADE PEEP O'DAY GOLD PROSPECT

Latin Resources Limited (ASX: LRS) ('Latin' or 'the Company') is pleased to advise that it has exercised its option to secure 100% ownership of the high-grade gold Peep O'Day prospect in the southern Lachlan Fold Belt in New South Wales

Following the completion of extensive regional exploration including reprocessing and interpretation of the available airborne geophysical data, on-ground reconnaissance mapping, outcrop sampling and systematic soil sampling; the Company has exercised its right to acquire the southern portion of the original Yarara Tenement (EL8958). Results from this work highlighted the Peep O'Day prospect located in the southern portion of the original tenement as the most prospective area, returning high-grade gold in outcrop over a strike length of 1.3 kilometres (Figure 1 and Figure 2).

Exploration over the northern portion of the original Yarara Tenement (EL8958) did not return any anomalous results from the extensive mapping, outcrop sampling or systematic soil sampling completed by the Company and as such this area has been returned to the Vendor, with the Company securing a new 100% owned tenement (EL9412), covering only the prospective Peep O'Day prospect area

NSW LACHLAN FOLD BELT PROJECTS

The Company's portfolio of NSW projects comprises five separate granted, 100% owned tenements covering a total of approximately 751 square kilometres in the central and southern Lachlan Fold Belt, which are highly prospective for copper-gold and Ni-Cu-PGE mineralisation (Figure 3). Work completed by the Company and previous explorers has highlighted multiple priority target areas, several of which are at a drill ready status, including2: The Peep O'Day Gold Prospect; The Mackey's Copper Prospect; The Gosper Mine Copper Prospect; and The Dairy Hill Copper (Porphyry) Prospect.

The Company has adopted a divestment strategy for these non-core project, while it focusesits efforts on progressing two core projects: the high-grade hard-rock lithium Salinas Project in Brazil toward a maiden JORC Resource by the end of the year; and the high-purity Cloud Nine Halloysite-Kaolin Project in Merredin, WA. The Company is currently in discussion with several third-party groups in relation to the potential divestment of the non-core NSW Lachlan Projects.

This Announcement has been authorised for release to ASX by the Board of Latin Resources.

Contact:

Chris Gale

Executive Director

Latin Resources Limited

T: [phone]

Fiona Marshall

Senior Communications Advisor

White Noise Communications

T: [phone]

E: [e-mail]

WEB: www.latinresources.com.au

About Latin Resources

Latin Resources Limited (ASX: LRS) is an Australian-based mineral exploration company, with projects in Australia and South America, that is developing mineral projects in commodities that progress global efforts towards Net Zero emissions. In Latin America the Company focus is on its two Lithium projects, one in the state of Minas Gerais, Brazil and the other, the Catamarca Lithium Project in Argentina in which lithium is highly sought after as a critical mineral for electric vehicles and battery storage. The Australian projects include the Cloud Nine Halloysite-Kaolin Deposit. Cloud Nine Halloysite is being tested by CRC CARE aimed at identifying and refining halloysite usage in emissions reduction, specifically for the reduction in methane emissions from cattle.

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