Latin Resources Limited confirmed that the ongoing diamond drilling campaign at the Company's Salinas Lithium Project in Brazil (Salinas or the Project), is continuing to intersect thick, shallow dipping spodumene rich pegmatites, with SADD003 returning a best intercept of 16.17m true thickness. As previously reported, the Company's initial drillhole SADD001, intersected three separate spodumene bearing pegmatites down dip from high-grade lithium outcrop samples 1. Drilling of thenext two holes is now complete, with SADD002 targeting approximately 100m down dip from SADD001, and SADD003 some 180m to the south along strike. All three holes have intersected the same three layers of pegmatites.

Preliminary logging of the drill core from all holes has indicated that the pegmatites contain a significant abundance of coarse light green and purplish spodumene crystals throughout with indications that the thickness of the intersected pegmatites is increasing down dip and along strike to the south. Drill section A - A' and Drill section B - B' below, show all three of the completed drill holes along with the current hole SADD004. As can be seen, the three separate spodumene bearing pegmatites have been intersected in all holes to date, with logging indicating an increase in the true width of all three pegmatites to the south.

Detailed logging, core cutting and sampling of the first three holes is progressing well, with the first samples ready for dispatch to the laboratory for analysis. Given the early success, the Company anticipates that the current drilling campaign will be expanded following the completion of the current program, with the potential to add additional holes based on logging.