Latin Resources Limited announced that field teams and drilling rigs have arrived on site for the scheduled commencement of the 2023 drilling program at the Company's 100% owned Salinas Lithium Project. A total of six, small environmental footprint, man portable/modular diamond drilling rigs capable of drilling to depth of circa 400-450m below surface have arrived on site and have commenced drilling. The Company has a 65,000m diamond drilling program planned for 2023, and is committed to minimising the environmental impact of this work by using these innovative and low-impact rigs.

A further two, larger track mounted, drilling rigs capable of drilling to far greater depths, and producing larger diameter PQ drill core are scheduled to arrive on site in February, bringing the total drilling fleet to eights rigs for the season. 2023 Drilling Program The planned 65,000m program focuses on the rapid expansion of the Company's maiden Indicated and Inferred JORC Mineral Resource Estimate of 13.3Mt @ 1.2% Li2O 1 at the Colina Deposit; as well as providing sufficient drill coverage over the Colina West Prospect to enable the expansion of the existing MRE into this emerging high priority area. Previous drilling at Colina West, including SADD033, has shown the presence of multiple spodumene bearing pegmatites including some thick high-grade intersections, which currently fall outside the limits of the MRE.

Additional drilling completed in late 2022 has intersected these same pegmatites in multiple drillholes, confirming the continuity both up and down dip from SADD033 (assay results pending). Infill and extension drilling at the Colina Deposit itself will focus on the down dip extensions of the high-grade mineralisation in the north, where the current MRE block model shows thick high-grade mineralisation open at depth. Ongoing other works at the Salinas Project Other work currently underway on site includes: The expansion of the Company's core processing and storage facility on site at Salinas, to facilitate the planned significant increase in drilling activity in 2023.

This work is expected to be completed in early February 2023. Targeted large diameter PQ diamond core drilling to collect sufficient representative pegmatite samples for the planned large scale DMS and flotation pilot plant testwork scheduled to commence in the 2023 March quarter. Detailed drone magnetic and other geophysical surveys to assist with targeting of step-out regional exploration drilling along strike from the Colina/Colina West areas.

This survey is scheduled for late January 2023.