Latin Resources Limited provided an update on the program of resource definition drilling at the Company's 100% owned high-grade Colina Lithium Prospect ("Colina") in Brazil. Colina Prospect - Resource Definition Drilling: Resource definition diamond drilling and assaying is now complete. With the final results being incorporated into the resource model, a December 2022 release of a maiden MRE for Colina is on schedule.

The final MRE drilling results are consistent with previously announced grades and thicknesses of the spodumene bearing pegmatites at Colina providing added confidence in the robust nature of the upcoming Maiden MRE. Significant intersections include: SADD038: 10.91m @ 1.52 %Li2O (92.31 - 103.22m) Incl. 5.00m @ 2.01 %Li2O (93.00 - 98.00m); SADD039: 8.19m @ 1.61 %Li2O (129.76 - 137.95m) Incl.

4.00m @ 2.21 %Li2O (133.00 - 137.00m); SADD039: 25.00m @ 1.47 %Li2O (245.00 - 270.00m) Incl. 10.00m @ 1.78 %Li2O (255.00 - 265.00m); SADD040: 7.41m @ 1.61 %Li2O (148.21 - 155.62m) Incl. 2.62m @ 2.37 %Li2O (153.00 - 155.62m); SADD042: 8.70m @ 2.16 %Li2O (302.30 - 311.00m); Incl.

5.70m @ 2.66 %Li2O (302.30 - 308.00m); SADD047: 10.23m @ 1.59 %Li2O (68.43 - 78.66m); and SADD047: 5.80m @ 1.82 %Li2O (69.20 - 75.00m). Colina Prospect Metallurgical Test Work: As previously announced, the Company has commenced a series of metallurgical test work programs with the initial first pass sighter test work showing a high recovery of 78.72% of the Li2O into a concentrate grading a very high 6.57% Li2O. Further sighter test work is underway, with additional samples currently being dispatched to the laboratory.

These additional sighter tests will further explore the optimal crush size, and additional heavy liquid separation (HLS) cut points, and fine fraction flotation in order to optimise the larger test work flowsheet for the planned detailed Preliminary Economic Assessment (PEA).