Mr. Rodney Campbell reports

LATAM LITHIUM ANNOUNCES POST-RESTRUCTURING STRATEGIC FOCUS ON ARGENTINA LITHIUM BRINE ASSETS AND NON-CORE ASSET MONETIZATION

Latam Lithium Corp. has discussed its strategic focus following completion of significant restructuring activities this spring and the previously announced non-brokered private placement on May 19, 2026.

The company's primary focus has been and currently remains on advancing lithium brine assets in Argentina with district-scale potential. In furtherance of this strategy, the company is currently advancing due diligence on two projects in the province of Jujuy, each with large contiguous mineral claims in areas known to host prolific lithium discoveries. The company is also evaluating two additional lithium brine assets in provinces of Salta and Catamarca.

Due to continuing legal, regulatory and environmental challenges related to the Yergo project, the company does not intend to allocate near-term resources to further exploration at Yergo until the above matters are resolved.

The company will continue to advance its 5,363-hectare South of Otter gold project, located in the Red Lake gold district in Ontario, Canada, approximately nine kilometres from Kinross Gold Corp.'s Great Bear project. The South of Otter project is drill-ready, and the company intends to undertake sufficient exploration work to maintain the claims in good standing and complete a National Instrument 43-101-compliant technical report in the near term with a view to a potential vendout or spinout transaction. Any such transaction would be expected to provide non-dilutive financing to support the company's lithium strategy.

The company's 4,036-hectare Gold Creek gold project, located in the Atikokan mining district west of Thunder Bay, Ont., remains under option to Delta Resources Ltd. To exercise its option to acquire a 100-per-cent interest, a required (final) payment of $100,000 plus 666,627 common shares prior to the end of June, 2026, is to be received by the company. Upon exercise, the company would retain a 2-per-cent net smelter return royalty. Proceeds from this transaction would provide additional near-term non-dilutive financing for the lithium strategy.

About Latam Lithium Corp.

Latam Lithium, based in Vancouver, Canada, is a company focused on exploring and developing mineral resource projects in the americas. Latam Lithium is currently completing due diligence on multiple lithium brine assets located in Argentina, situated in the heart of the world-renowned Lithium Triangle. The company also holds a 100-per-cent interest in two gold exploration projects located within Northwestern Ontario, Canada, including the drill-ready South of Otter gold project located in Red Lake, and the Gold Creek gold project located in Thunder Bay, which has been optioned to Delta Resources.

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