Dr. Donovan Pienaar reports

LATIN EXPLORE DEFINES LARGE 1.8 KM * 1.6 KM PORPHYRY TARGET AHEAD OF INITIAL DRILLING AT PARA, PERU

Latin Explore Inc.'s new 3-D modelling has defined a large, coherent priority drill target at its 100-per-cent-owned Para copper-molybdenum project in Peru, significantly strengthening the technical case ahead of the project's first ever drill program.

The principal induced polarization chargeability target measures approximately 1.8 kilometres by 1.6 kilometres, and extends from surface to an approximately 800-metre depth. Importantly, the target is not defined by geophysics alone. It overlaps a pronounced magnetic low, mapped hydrothermal alteration and a broader three-kilometre-by-four-kilometre surface copper-molybdenum anomaly where rock sampling has returned values of up to 1.7 per cent copper.

With near-term drilling and three initial holes planned to test this convergence of geochemistry, geology and geophysics, Para is entering its first direct test for a potentially significant porphyry copper-molybdenum system.

The Peruvian authorities have approved an application for a drill permit under the compressed FTA (Ficha Tecnica Ambiental) processing, which provides drill permissions for up to 14 drill holes from 14 drill pads and associated access construction (see news release dated Aug. 10, 2026). Drilling is planned to commence in fourth quarter 2026 subject to receipt of all outstanding administrative and regulatory approvals.

Highlights:

• Large-scale drill target: coherent IP chargeability anomaly measuring approximately 1.8 km by 1.6 km and extending from surface to approximately 800-metre depth;
• Multiple data sets converge: chargeability overlaps a pronounced magnetic low, mapped hydrothermal alteration and surface copper-molybdenum mineralization, strengthening confidence in the interpreted porphyry system;
• Large surface footprint: target lies within a broader three-kilometre-by-four-kilometre copper-molybdenum anomaly, supported by 389 rock chip samples and copper values up to 1.7 per cent Cu;
• First ever drill test: Para is 100 per cent owned and has never been drilled despite extensive historical exploration and drill target definition by Vale Exploration Peru SAC;
• Drill permit: the FTA permits construction of access roads and 14 drill pads with up to 14 drill holes, providing flexibility for follow-up drilling;
• Near-term catalyst: fourth quarter drilling is planned to test the highest-priority overlapping geophysical, geological and geochemical targets, with first assays expected in early 2027;
• Improved targeting: new 3-D inversion modelling has refined the geometry, continuity and depth extent of the principal target.

The objective of reprocessing and reinterpreting the geophysical data was to more accurately define the distribution of potentially sulphide-bearing zones using IP chargeability, characterize alteration through resistivity and magnetic responses, integrate these results with surface geology and geochemistry, and refine targets for the company's planned 2026 initial drill program. The responses correlate well with generally accepted porphyry exploration models and, together with surface geochemistry, define several priority drill targets.

"Para has now reached the point that every exploration company wants to get to -- a large, never drilled target where multiple independent data sets are pointing to the same place," stated Dr. Donovan Pienaar, president and chief executive officer of Latin Explore. "We have surface copper mineralization grading up to 1.7 per cent, a broad copper-molybdenum geochemical footprint, mapped porphyry-style alteration, a pronounced magnetic low and a large coherent chargeability response extending to approximately 800-metres depth.

"The important next step is drilling, and our initial program will provide the first direct test of this system at depth. For Latin Explore, this represents our first major discovery catalyst as a public company."

Para copper-molybdenum project

At the 100-per-cent-owned Para project, exploration has defined a principal surface copper-molybdenum anomaly measuring approximately three kilometres by four kilometres, with rock sampling returning values up to 1.7 per cent copper. The anomaly remains undrilled.

Geophysical survey details

The company recently reprocessed and reinterpreted a suite of geophysical data sets, and completed comprehensive quality control, filtering, reprocessing and inversion modelling of historical IP, ground magnetic and radiometric data acquired by Vale in 2013 and 2014. Importantly, the work generated new inversion products and 3-D interpretations that were not available in the original survey outputs, allowing Latin Explore to better assess the geometry, continuity and depth extent of the principal geophysical responses.

Interpretation of exploration results

Magnetics: A pronounced low magnetic susceptibility anomaly coincides with anomalous surface copper-molybdenum values, as well as sericitic/phyllic alteration, and is interpreted to reflect hydrothermal destruction of magnetite and associated alteration within the porphyry system. Proposed drill holes 1 and 2 are designed to test beneath the surface copper-molybdenum anomaly and cross through the overlapping magnetic-low and chargeability responses, providing the first direct test of the interpreted porphyry system at depth.

IP chargeability: A large, strong and coherent chargeability anomaly, measuring 1.8 km by 1.6 km by 0.8 km, which coincides with the anomalous copper-molybdenum at surface, may represent zones of disseminated sulphides and associated copper mineralization within the system.

Geochemistry: Copper-molybdenum geochemical anomalies as defined by 389 surface rock chip samples overlap the principal geophysical responses, increasing confidence in the priority drill targets.

The integrated interpretation resulted in several priority drill targets, which are focused on areas where elevated chargeability overlaps the central magnetic low, surface copper-molybdenum anomalism and mapped alteration.

Next steps

Latin Explore is finalizing preparations for its initial drill program at Para. The initial approximately 2,000-metre program is planned across three holes designed to test the principal target at multiple elevations.

Holes 1 and 2 are designed to intersect the core of the overlapping chargeability response and magnetic low beneath the surface copper-molybdenum anomaly. Hole 3 will test the southwest and depth extent of the system.

The program is designed to evaluate the geometry of the interpreted porphyry system, hydrothermal alteration, sulphide distribution and potential copper-molybdenum mineralization at depth. First assay results are expected in early 2027.

Leadership update

The company is also pleased to announce the appointment of Dr. Pienaar to its board of directors. Dr. Pienaar currently serves as the company's president and chief executive officer.

Qualified person

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 officer of the company and holds securities of the company.

About Latin Explore Inc.

Latin Explore is a copper-focused exploration company advancing a portfolio of 100-per-cent-owned projects in Peru. The company's strategy is to create shareholder value through the discovery and advancement of large-scale copper systems while pursuing additional acquisition opportunities throughout South America. Latin Explore's flagship Para project is an undrilled copper-molybdenum porphyry target located within Peru's Coastal copper belt and is being advanced toward its maiden drill program.

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