Latin Resources Limited provided the following update on resource definition drilling and other studies currently ongoing at the Company's 100% owned high-grade Colina Prospect ("Colina"). The Salinas exploration team has reported a new lithium spodumene discovery with the recently completed hole of SADD033 approximately 500 metres west of the Colina Prospect. The drilling has discovered an intersection of a new swarm of spodumene bearing pegmatites including one of 18.75m in thickness.

This discovery at Colina West has significant scale implications for the Salinas Lithium Project, if drilling confirms the presence of additional parallel mineralised pegmatite systems in close vicinity to the main Colina Prospect. In addition to this significant discovery at Colina West, the Company's regional mapping campaign has highlighted a third outcropping pegmatite system one kilometre further out to the west of the new Colina West discovery hole, as well as a potential convergence of several pegmatites, including the main Colina and new Colina West systems. The Company will look to systematically drill test both of these additional high priority target areas in due course. Logging of drill core from drill hole SADD033, collared approximately 500m to the west of the Colina Prospect resource definition area, has confirmed the hole has intersected significant spodumene pegmatites down dip from mapped outcrop.

A series of 17 separate pegmatites were intersected in the hole from a depth of 62.84m down hole, with several showing good spodumene mineralisation, including one individual pegmatite of over 18.75m thickness showing strong spodumene mineralisation. Processing of the drill core from SADD033 is underway including detailed geological and structural logging and sampling, with assay results pending. This discovery at Colina West has significant implications for the Salinas Lithium Project, confirming the presence of additional parallel mineralised pegmatite systems in close vicinity to the main Colina Prospect, where the Company is currently undertaking an intensive resource definition drilling campaign, and expecting to generate its Maiden JORC Mineral Resource Estimate ("MRS") later in the year.

In addition to this significant discovery at Colina West, the Company's regional mapping campaign has highlighted a third outcropping pegmatite system one kilometre further out to the west of the new Colina West discovery hole, as well as a potential convergence of several pegmatites, including the main Colina and new Colina West systems. The Company will look to systematically drill test these additional high priority target areas in due course. Colina Prospect ­ Resource Definition Drilling Update Resource definition drilling continues to steadily advance at the Colina Prospect, with 37 holes now completed or underway for a total of over 7,300m drilled to date. The Company is in full operation and on track to produce its maiden JORC Resource by the end of the calendar year, with four diamond rigs on site working on a double shift producing eight shifts of core per day.

Latest assay results from holes SADD021 and SADD022 from Colina continue to show good correlation with previous results, returning high-grade lithium.