Latin Resources Limited confirmed that drilling has commenced, with the top 90 metres of the first hole intersecting multiple zones of spodumene bearing pegmatites at the Company's Salinas Lithium Project in Brazil, where the Company has defined multiple priority drill targets in what has been described as a lithium corridor. Whilst drilling is ongoing to target depth, the Company is pleased to note that already three separate shallow-dipping spodumene pegmatites have been intersected in the first drill hole SADD001. The intersection of multiple spodumene pegmatites down dip from the high-grade outcrop (2.71% Li2O and 1.45% Li2O 1), in the first hole drilled proves Latin's concept for the region and has greatly enhanced the potential for a significant lithium discovery in the Bananal Valley.

The hole SADD001 intersected a number of spodumene pegmatite up to 5.25m thick and is currently at a drill depth of approximately 90m and is planned to continue to a depth of 120m or when mineralisation finishes. The geological team expect to see thicker zones as these pegmatites are known to pinch and swell as evidenced in the Company's surface mapping and sampling. The drilling will continue over the coming days and field teams will prioritise the logging and sampling of this first hole to get samples to the laboratory for analysis.

The Company will provide additional updates throughout the 14-hole drilling campaign and as assay results are received and interpreted.