Latin Metals' Zafino acquires more rights at Para

Executive Summary

• Latin Metals’ subsidiary Zafiro Mining SAC acquired an additional 300‑hectare mineral claim contiguous to the Para copper project in southern Peru for US $20,000, completing 100 % ownership of the 2,200‑ha property.
• The new land secures coverage over multiple walk‑up porphyry copper drill targets identified using historic Vale data and Latin Metals’ own exploration work.
• Latin Metals is commencing the drill permitting process and is seeking an option partner to finance and operate the upcoming drilling program.

Key Details

• Acquisition price & terms: 300 ha claim purchased for US $20,000 in cash; 100 % owned by Latin Metals; no royalty obligations.
• Project scope after acquisition: Para project now totals 2,200 ha, fully owned and consolidated under Latin Metals.
• Drill target definition: Multiple walk‑up porphyry copper targets identified across the newly acquired area, based on integration of historic Vale exploration data (geochemical sampling, IP geophysics, magnetic/radiometric surveys) and Latin Metals’ recent systematic sampling.
• Permitting & financing plan: Drill permit application to be initiated shortly; company actively seeking an option partner to fund and operate the drilling campaign.
• Historical context: Vale Exploration Peru conducted extensive work (282 rock samples, 18 km IP, 44 km magnetic/radiometric) between 2013‑2017, defining four priority drill targets (~2,500 m total) but did not drill. Latin Metals acquired the project in 2023 and has expanded upon Vale’s data.
• Exploration QA/QC: 208 talus samples collected on a 300–350 m grid; 56 samples analyzed by ALS Laboratory (ICP‑MS), 152 by on‑site Olympus Vanta C pXRF; all work supervised by Vice‑President of Exploration Eduardo Leon, QP.
• Qualified Person: Eduardo Leon, QP (NI 43‑101), reviewed and approved the scientific and technical information disclosed.

Notable Quotes

“The integration of Vale’s comprehensive exploration data has allowed us to define clear porphyry‑style drill targets. This new acquisition finalizes the consolidation of a high‑quality, 100 % owned land position.” – Keith Henderson, President & CEO

Materiality Assessment: Non‑Material – Positive (strategic land consolidation and target definition with minimal cash outlay; no immediate financial impact but enhances project potential).