Latin Metals' Cerro Bayo optionee completes 14 holes

Mr. Keith Henderson reports LATIN METALS PROVIDES UPDATE ON EXPANDED CERRO BAYO DRILL PROGRAM Latin Metals Inc. has received an update from Daura Gold Corp., on partner-financed drilling at the Cerro Bayo project, located in Santa Cruz province, Argentina. Daura has a right to earn an up-to-80-per-cent interest in the Cerro Bayo and La Flora projects through staged cash payments and exploration expenditures. All exploration activities are fully financed by Daura. Keith Henderson, president and chief executive officer of Latin Metals, commented: "Since announcing the start of drilling earlier this year, Daura has made excellent progress at Cerro Bayo, with multiple targets being tested and additional stepback drilling now under way. Importantly, this work is fully funded by our partner, allowing us to advance a high-quality project while maintaining capital discipline. With assays expected in the coming weeks, we are entering a key phase of the program and look forward to reporting results as they become available." Drilling progress across multiple targets Following the commencement of drilling announced on Feb. 17, 2026, the phase 1 program is well under way, with 14 diamond drill holes completed across 10 targets. Drilling has advanced beyond initial target testing, with stepback holes under way at the Ingrid, Elena and Eugenia target areas, each representing distinct zones within a broader mineralized system. Drilling continues to advance on schedule across multiple targets and is expected to inform subsequent phases of exploration. Assays pending -- near-term catalyst Assay results from the initial 14 drill holes are expected within the next four to six weeks and will be reported in due course. The drill program is the first direct test of multiple targets across the project, and it is expected to offer important insights into the presence, continuity and grade potential of mineralization. The Cerro Bayo project has multiple targets identified to date, with five targets being tested by Daura's initial drill program. Advancing a high-priority project Cerro Bayo is located within the Deseado massif, a prolific epithermal precious metal district that has produced more than 600 million ounces of silver and approximately 20 million ounces of gold since 1990. The project hosts multiple low-sulphidation epithermal vein targets defined through geochemistry, mapping and geophysics, with characteristics consistent with high-grade deposits elsewhere in the district. The current drill program represents the first systematic testing of multiple priority targets across a district-scale mineralized system, marking an important step in advancing the project toward potential discovery. Qualified person Eduardo Leon, qualified person, 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. Coming events Latin Metals is pleased to announce its participation in several second quarter 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 and May 12, 2026; Deutsche Goldmesse 0- Frankfurt, Germany, May 15 and 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.