Mr. Keith Henderson reports

LATIN METALS COMMENCES FIRST SYSTEMATIC EXPLORATION AT VENTANA NORTH, WITHIN 500,000 HECTARE REGIONAL COPPER EXPLORATION PLAY, NORTHWEST ARGENTINA

Latin Metals Inc. is advancing a district-scale sediment-hosted copper exploration portfolio in northwestern Argentina, where preparations are under way for a large-scale field program at the Ventana North property in Q2 (second quarter) 2026. The company has a dominant land position controlling approximately 500,000 hectares across four sediment-hosted copper projects. This extensive land package provides significant scale and positions the company as an early entrant in a largely underexplored belt. Sediment-hosted copper systems are globally recognized for their potential to host large, high-grade deposits, underscoring the significance of this emerging district-scale opportunity.

Why this matters:

• District-scale opportunity: Latin Metals controls 500,000 hectares across a largely underexplored sediment-hosted copper belt -- comparable in scale with major global copper districts.
• First-mover advantage: Ventana North represents the first systematic exploration of this belt, positioning the company to define priority targets ahead of potential competitors.
• Pipeline for discovery and partnerships: The 2026 program is designed to rapidly generate high-quality drill targets and advance the project toward partner-financed drilling.
• Low-cost, high-leverage exploration: The stream sediment program provides efficient, large-scale coverage to identify copper anomalies and focus follow-up work on the most prospective areas.

Planned work

The planned program represents an important first step in advancing a highly prospective, underexplored copper exploration play. The initial phase of work will consist of a detailed stream sediment sampling program (approximately 500 samples across a 73,000-hectare area) designed to systematically evaluate the Ventana North project area. The program will involve geological teams traversing stream drainages across the property to collect high-quality samples and generate a robust geochemical data set.

This systematic, field-driven approach reflects the company's strategy of generating high-value targets through cost-effective early-stage exploration. This program is expected to define priority areas for follow-up exploration and represent a key step toward drill target delineation.

Keith Henderson, Latin Metals' president and chief executive officer, commented: "We control what we believe to be one of the largest unexplored sediment-hosted copper land positions globally, covering approximately 500,000 hectares. The 2026 program at Ventana North marks the first systematic step toward unlocking this district-scale opportunity, as we rapidly generate drill targets and position the project for potential partnerships."

Field activities are expected to commence in early Q2 2026, with initial results anticipated shortly thereafter.

Ventana copper project background

The Ventana project is a large-scale, 100-per-cent-owned sediment-hosted copper exploration project located within the Salta Rift basin of northwestern Argentina. Covering approximately 176,000 hectares, the Ventana project has structural and stratigraphic features analogous to some of the world's most significant sediment-hosted copper districts. The Ventana North block will be the first part of Ventana project to be systematically explored for copper mineralization.

The region also offers exceptional infrastructure -- with highway access, nearby power lines, making it highly attractive for exploration and potential development. The combination of scale, favourable geology and limited historical exploration highlights the potential for the Ventana project to emerge as a new copper district.

The company's total land position of almost 500,000 hectares in northwestern Argentina is comparable in scale with some of the world's major sediment-hosted copper districts, including those in Zambia and central Europe. The company's first-mover advantage provides a unique opportunity to systematically evaluate a large, prospective region and capture potential district-scale upside.

Qualified person (QP)

Eduardo Leon, QP, is the company's qualified person as defined by National Instrument 43-101, and has reviewed the scientific and technical information that forms the basis for portions of this news release. He has approved the disclosure herein. Mr. Leon is not independent of the company, as he is an employee of the company and holds securities of the company.

About Latin Metals Inc.

Latin Metals is a copper, gold and silver exploration company operating in Peru and Argentina under a prospect generator model, minimizing risk and dilution while maximizing discovery potential. The company secures option agreements with partners to finance exploration. This approach provides early-stage exposure to high-value mineral assets. Latin Metals is actively seeking new strategic partners to advance its portfolio.

Upcoming events

Latin Metals is pleased to announce its participation in several Q2 2026 industry conferences, providing a platform to connect with investors, industry leaders and potential partners:

• CEM Scottsdale -- Scottsdale, April 10, 2026;
• 121 London -- London, United Kingdom, May 11, 2026, to May 12, 2026;
• Deutsche Goldmesse -- Frankfurt, Germany, May 15, 2026, to May 16, 2026.

These events offer valuable opportunities to share Latin Metals' exploration progress in Argentina and Peru, highlight the advantages of its low-dilution prospect generator model, and explore strategic investment and partnership opportunities across its gold-, copper- and silver-focused portfolio.

We seek Safe Harbor.