Latin Resources Limited (ASX: LRS) ('Latin' or 'the Company') is pleased to provide the latest assay results and an update on the progress of the 2023 drilling campaign at the Company's 100% owned Colina Lithium Deposit ('Colina') located in the state of Minas Gerais, Brazil.

Latin Resources' Geology Manager, Tony Greenaway, commented: 'These results continue to confirm the exceptional prospectivity of the Latin landholding, and the potential to expand our mineral resource inventory. We are continuing to see outstanding pegmatite intersections in our new drill core from the 2023 campaign. These intersections support our current interpretation of mineralisation, with the emergence of a clear, thick, plunging high grade envelope at Colina West which remains open in all directions. 'We are seeing a significant increase in the abundance and thickness of spodumene pegmatites developed at Colina West, with this emerging priority area now extending over 500m along strike and 300m up dip. We will continue to target this area with more drilling to ascertain its limits and to provide sufficient drill coverage to include this area in our planned Mineral Resource update scheduled for the second quarter of this year

Contact:

Chris Gale

Managing Director

Latin Resources Limited

Tel: +61 8 6117 4798

About Latin Resources

Latin Resources Limited (ASX: LRS) is an Australian based mineral exploration company, with projects in South America and Australia, that is developing mineral projectsin commoditiesthat progress global efforts towards Net Zero emissions. The Company isfocused on itsflagship Salinas Lithium Project in the pro mining district of Minas Gerais Brazil, where the Company has defined a Maiden Mineral Resource Estimate of 13.3Mt @ 1.2% Li2O at its Colina Deposit. Latin has appointed leading mining consultant SGS Geological Services to undertake feasibility and metallurgical studies at the Salinas Lithium Project. Latin also holds the Catamarca Lithium Project in Argentina and through developing these assets, aims to become one of the key lithium players to feed the world's insatiable appetite for battery metals. 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.

Forward Looking Statement

This ASX announcement may include forward looking statements. These forward looking statements are not historical facts but rather are based on Latin Resources Ltd.'s current expectations, estimates and assumptions about the industry in which Latin Resources Ltd operates, and beliefs and assumptions regarding Latin Resources Ltd.'s future performance. Words such as 'anticipates', 'expects', 'intends', 'plans', 'believes', 'seeks', 'estimates', 'potential' and similar expressions are intended to identify forward looking statements. Forward looking statements are only predictions and are not guaranteed, and they are subject to known and unknown risks, uncertainties and assumptions, some of which are outside the control of Latin Resources Ltd. Past performance is not necessarily a guide to future performance and no representation or warranty is made as to the likelihood of achievement or reasonableness of any forward looking statements or other forecast. Actual values, results or events may be materially different to those expressed or implied in this ASX announcement. Given these uncertainties, recipients are cautioned not to place reliance on forward looking statements. Any forward looking statements in this announcement speak only at the date of issue of this announcement. Subject to any continuing obligations under applicable law and the ASX Listing Rules, Latin Resources Ltd does not undertake any obligation to update or revise any information or any of the forward looking statements in this announcement or any changes in events, conditions or circumstances on which any such forward looking statement is based

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