Latin Resources Limited update on the latest drilling results from resource definition drilling currently underway at the Company's 100% owned and fully funded Salinas Lithium Project ("Salinas") in Brazil. Resource Definition Drilling: The Company is undertaking a previously announced 65,000 metre diamond drilling campaign, which will incorporate a total of eight diamond drill rigs for the 2023 field season. The diamond drilling campaign is focusing on resource definition at the Company's Colina Deposit where a maiden Mineral Resource Estimate ("MRE") 1 was released in early December 2022, as well the systematic drill out of the area to the west of the Colina Deposit, to enable the inclusion of this developing pegmatite system into the planned MRE update.

Colina West Pegmatite Swarm: Recent drilling and assay results from holes completed to the west of Colina, have confirmed what appears to be a second, significantly larger pegmatite swarm, with the development of multiple thick high-grade pegmatites. The Company's current drilling campaign is progressing from east to west, systematically drilling these pegmatites in an "up-dip" progression. Latest drilling intersections from this emerging Colina West swarm include: SADD072: 26.87m @ 1.62% Li2O from 333.82m, SADD076: 16.53m @ 1.40% Li2O from 334.00m, SADD077: 14.66m @ 1.52% Li2O from 158.05m, and: 33.05m @ 1.83% Li2O from 319.53m SADD079: 11.77m @ 1.31% Li2O from 222.68m.

These results from SADD077, along with other up-dip logged pegmatite intersections, correlate very well with previously reported intersections to the west of Colina including those in SADD055 3, confirming the continuity of these very thick pegmatites as well as the high grades seen in SADD055. Previously reported intersection in drill hole SADD055 included: SADD055: 13.73m @ 1.38% Li2O from 200.19m and: 16.08m @ 1.07% Li2O from 306.69m and: 10.85m @ 1.96% Li2O from 322.15m and: 11.16m @ 1.61% Li2O from 360.17m and: 16.00m @ 1.61% Li2O from 393.60m. Drilling is systematically stepping up-dip to the west from these initial deeper intersections, testing the shallower near surface extension of this large new pegmatite swarm toward where the Company has mapped outcropping pegmatite occurrences.

Shallower intersections encountered in the top of SADD077, may represent a set of "bridging" pegmatites indicating that the Colina and Colina West pegmatites may be part of one single larger system.