Ann: Rock chip samples return positive results - Yarara Project, page-3

E [email protected] W www.latinresources.com.au 24 June 2021HIGHLIGHTS• Analysis of 57 rock chip samples collected along the historic Peep O’Day workings have been received, with several returning grades greater than 1.0 g/t Au, with a peak of 9.79 g/t Au.• Close spaced surface soil sampling is now underway to better define the mineralised system and assist in the planning of addition on-ground exploration.• Latin will also fly a detailed drone-magnetic survey to highlight what appears to be an inflection in the north-south trend, which may indicate a favorable target area for mineralisation.Latin Resources Limited (ASX: LRS) (“Latin” or “the Company”) is pleased to advise that recently received results from first pass reconnaissance rock chip sampling from the Peep O’Day Prospect within the NSW Yarara JV Projecti (Appendix 1), has confirmed the presence of gold mineralisation in the area.A total of 57 samples were collected (Figure 1 & Table 1) in the field by Latin’s Geological team as a part of the first pass reconnaissance mapping exercise, which showed the area was dominated by altered granitic rocks, cut through by a stockwork of sheeted quartz veins. Samples were taken from both the veins themselves and the altered wall rock, both of which have returned anomalous gold mineralisation.Assay results from samples along the strike extent of the workings have shown distinct clusters of gold mineralisation (Figure 1), indicating the system may be open and extend to the north and south under cover. In total, approximately 30% of the samples collected have returned gold grades greater than 1.0 gram per tonne with some of the better results from the individually sampled veins including: 9.78g/t Au, 8.58g/t Au, 8.41g/t Au and 7.79g/t Au, with the altered wall rock returning grades up to 4.53g/t Au. Full details including sample location of all samples collected are provided in Table 1.ROCK CHIP SAMPLES RETURN POSITIVE RESULTS FROM PEEP O’DAY PROSPECT,YARARA PROJECT, NSW Page | 1