Excellent grades! As I mentioned previously I expected these...

Excellent grades!
As I mentioned previously I expected these first intercepts to be thin.
But the huge upside is the grades 1 to greater than 2% is extremely encouraging!

At Reflejos del Mar in the Vilisman Group of concessions there has been fourteen holes completed for approximately 900m of drilling. Included in this release are results for the first 6 holes. The remaining samples of the eight holes will be analysed and released in the coming weeks.
Thus far very encouraging results including seven meters at 2.17 Li2O. The initial six holes drilled had lithium grades over 1% in three of the six including 3 meters at 2.77% Li2O.
Managing Director Chris Gale commented, “These first assays are extremely encouraging displaying high grade spodumene at depth. This result is once again proving our theory that the historical lithium mines that we have secured are potentially very economic .” He went on to say, “ We still have quite a bit of drilling still to complete and a lot more assays results to come from our favoured targets but great to get such positive results early . Hole Number From (m) To (m) Intercept Width Li2O % IPIIRC001 19.00 20.00 1.00 0.60% RDMRC001 20.00 26.00 6.00 1.12% RDMRC002 39.00 46.00 7.00 2.17% Including 42.00 45.00 3.00 2.77% RDMRC003 29.00 30.00 1.00 1.24%

8 March 2017 LATIN RESOURCES LIMITED ACN: 131 405 144 Unit 3, 32 Harrogate Street West Leederville, Western Australia, 6007. P F E 08 6181 9798 08 9380 9666 [email protected] POSITIVE ASSAYS RECEIVED FOR ANCASTI LITHIUM PROJECT, CATAMARCA, ARGENTINA Figure 1. Drilling at Campo el Abra HIGHLIGHTS  7m @ 2.17% Li2O intercepted at Reflejos del Mar  First pass exploration drilling nearing completed at two of the first four targets  Drilling now progressing well at Campo el Abra the third target Latin Resources Limited (ASX: LRS) (“Latin” or “the Company”) is pleased to announce that it has received the first analysis results from the reverse circulation drilling at its lithium project in Catamarca, Argentina. A total of 58 samples have been received from the internationally recognised laboratory ALS. Samples are prepared in Mendoza and then analysed in Vancouver using Multi-Element Analysis by Sodium

Peroxide Fusion and ICP-MS and Li Analysis by Sodium Peroxide Fusion and ICP-ES for sample over 2.5% lithium. At Reflejos del Mar in the Vilisman Group of concessions there has been fourteen holes completed for approximately 900m of drilling. Included in this release are results for the first 6 holes. The remaining samples of the eight holes will be analysed and released in the coming weeks. Thus far very encouraging results including seven meters at 2.17 Li2O. The initial six holes drilled had lithium grades over 1% in three of the six including 3 meters at 2.77% Li2O. At Ipizca II from the five holes that intercepted the pegmatite dyke that is exposed at surface and within and old open pit and tunnel system, only one interval returned significant grades of Li2O. Significant intercepts at Reflejos del Mar and grades are presented in Table 1. Drill hole details including locations are presented in Table 2. Figure 2. Ancasti Project Locations Drilling is now nearing completion at Campo el Abra where eight holes have been drilled. Samples from here will be submitted to ALS this week and results are expected before the end of March. The rig will move to Santa Gertrudis this week where it will continue LRS’s first pass drilling program. The aim of which is to provide initial information on four of the eleven quality pegmatites that make up the Ancasti Lithium project . Managing Director Chris Gale commented, “These first assays are extremely encouraging displaying high grade spodumene at depth. This result is once again proving our theory that the historical lithium mines that we have secured are potentially very economic .” He went on to say, “ We still have quite a bit of drilling still to complete and a lot more assays results to come from our favoured targets but great to get such positive results early . Hole Number From (m) To (m) Intercept Width Li2O % IPIIRC001 19.00 20.00 1.00 0.60% RDMRC001 20.00 26.00 6.00 1.12% RDMRC002 39.00 46.00 7.00 2.17% Including 42.00 45.00 3.00 2.77% RDMRC003 29.00 30.00 1.00 1.24% Table 1. Significant Intercepts. * These intercepts are down hole apparent thicknesses and do not represent the true thicknesses Hole Number Depth Easting Northing Elevation IPIIRC001 100 253415 6813622 987.6 IPIIRC002 50 253430 6813565 985 IPIIRC003 126 253443 6813628 988.9 IPIIRC004 54 253430 6813675 994.9 IPIIRC005 42 253414 6813709 999.4 RDMRC001 36 259984 6849202 1107 RDMRC002 78 259984 6849202 1107 RDMRC003 36 259970 6849170 1110 RDMRC004 78 259970 6849170 1110 RDMRC005 24 259959 6849253 1115 RDMRC006 24 259959 6849253 1115 RDMRC007 48 259982 6849241 1109 RDMRC008 60 259982 6849241 1109 RDMRC009 102 260016 6849209 1101 RDMRC010 60 259944 6849328 1123 RDMRC011 84 259983 6849288 1113 RDMRC012 88 259983 6849288 1113 RDMRC013 138 260056 6849238 1099.6 RDMRC014 160 260056 6849238 1099.6 CEARC001 24 255515 6846198 1100 CEARC002 48 255515 6846198 1100 CEARC003 48 255540 6846198 1100 CEARC004 46 255540 6846198 1100 CEARC005 50 255531 6846014 1100 CEARC006 60 255531 6846014 1100 Table 2. Drill Hole Details