Ann: Salinas Lithium Project Update, page-5

Latin Resources’ Managing Director, Chris Gale, commented:“We continue to receive exceptional assay results from our Bananal Valley Prospect. This continues to get more encouraging every day. We are also very excited to be commencing drilling at our new Monte Alto Prospect. Our mapping and outcrop sampling in this area has shown us that we have thick, high- grade lithium pegmatites outcropping over a considerable strike extent. With multiple high-grade results up to 2.30% Li2O1 from initial surface sampling, the early signs are equal to or better than those returned at the same stage from our more advanced Bananal Valley Prospect. We are planning an initial 2,000m of drilling in two stages at Monte Alto and assay results should start flowing in May.“With the company recently raising $35,000,000, we have now expedited the drilling program by commencing our 25,000m resource definition drilling campaign at Bananal Valley.“With drilling now on multiple fronts, and more rigs on the way to site, we have really stepped up our pace in Brazil to fast track our pathway to an initial JORC Mineral Resource estimate.”