Ann: Media Release from Latin Resources-LRS.AX, page-33

The take for me from the proactive interview was.

1. The Catamarca district of Argentina is pro mining and LRS have taken their time developing relationships rather than charging in and making enemies of the locals.
2. The Catamarca judge who is key to the local approval appears to have approved the lease as it has now been off to the national head of mines , which will either be approved or rejected in early August. You would think if the judge endorsed the application this will be a formality now.
3. LRS are taking samples already and have sent them off to the labs which suggests to me they feel very confident the lease will be approved
4. The potential drilling program will commence as early as October 2016 if the lease approval is granted as the drill plan takes another 4-6 weeks for that further approval.
5 C Gale is forming serious relationship in country and has his eyes on other targets both hard rock and brine which the Lepedico process is a part of, the interesting aspect of this was the commentary that this process is being accepted as new technology to the country and as such will give LRS a lot of bargaining power for JV 's and earn ins on being able to deliver production savings from this technology.
6 The LRS project appear to be less about the technology and more about the spodumene opportunity , and to already be looking at road transport, and ports to the USA , suggests there is a big level of confidence in getting in to production rather than just being an exploration drilling then JV project, as ILO and Guado appear to be headed