Latin Explore appoints Basha as interim president, CEO

Executive Summary

• Latin Explore Inc. appointed Mike Basha as interim president and CEO, succeeding Keturah Nathe who resigned from her roles as president, CEO, and director.
• The company provided an update on its flagship Para project, confirming a Phase 1 drill program of 2,500 meters of diamond drilling scheduled for the third quarter of 2026.
• The release outlined the company's strategic focus on testing large-scale porphyry systems at Para and expanding its portfolio through the acquisition of advanced-stage assets, specifically highlighting the undrilled Auquis project.

Key Details

• Management Changes:
  • Mike Basha appointed as interim president and chief executive officer.
  • Keturah Nathe resigned as president, chief executive officer, and director.
• Para Project (Flagship Asset):
  • Target: Large-scale copper-molybdenum porphyry system.
  • History: Previously explored by Vale Exploration Peru (2013-2017); acquired by Latin Metals in 2023.
  • Drill Program: Phase 1 consisting of 2,500 meters of diamond drilling.
  • Timeline: Planned for completion in the third quarter of 2026.
  • Permitting: Peruvian authorities approved an application for a drill permit under the compressed FTA process, allowing for up to 20 drill pads. Environmental baseline monitoring is complete; community workshops are underway.
• Auquis Project (Pipeline Asset):
  • Land Package: 4,600 hectares.
  • Mineralization: Porphyry copper-molybdenum at the Rose zone and polymetallic skarn at the Blanco zone.
  • Status: Undrilled; surface exploration has defined multiple mineralized zones.
• Strategic Outlook:
  • CEO Mike Basha stated the company intends to focus on potential acquisitions of advanced-stage exploration assets in the coming months to grow the portfolio.
• Qualified Person:
  • Eduardo Leon, QP, reviewed and approved the scientific and technical information. Note: Mr. Leon is not independent as he is an officer of the company and holds securities.

Notable Quotes

• "Latin Explore is built around a clear objective to test large-scale systems capable of delivering meaningful discovery. Para is a well-defined porphyry target supported by strong geological, geochemical and geophysical data, and we are focused on executing an initial drill program in 2026. At the same time, we see significant opportunity to grow Latin Explore through the acquisition of advanced-stage exploration assets, and we intend to focus our attention on potential acquisitions in the coming months." — Mike Basha, Interim CEO