Latin Resources Limited has received updated preliminary assay results of drilling at the Mariela Project from Total Genius Iron Mining SAC, Junefield’s Peruvian subsidiary, in a letter stating that the results will be subject to verification by a competent third party in the near future. The results in Appendix 2 include previously reported results for drill holes MA-02 and MA18-04 and are incomplete, with samples representing only intervals where Fe mineralisation was visually observed.

The most significant Fe mineralisation intersection was in the drill hole MA20-06 of 49.63 m grading 42.0% total Iron (15% cut-off) from 465.17 m to 514.80 m included within a thicker unit of 61.2m @ 40.4% Fe from 455.85m. Numerous other intersections of lesser thickness were obtained from the incomplete sampling of MA20-06 and from the other four new holes (MA20-03, MA14-06, MA29-06 and MA33-05): Drill holes MA20-03 and MA14-06 intersected multiple Fe mineralised zones from 294.0m to 780.60m and from 90.6m to 561.10m, respectively, with grades ranging from 16.1% to 48.7% Fe; Drill hole MA29- 06 intersected multiple Fe mineralized intervals from 376.25m to 540.10m, including 65m @ 27% Fe (from 404.05m to 468.10m) and 37.5m @ 31.4% Fe (from 499.6m to 537.10m); Drill hole MA33-05 intersected multiple Fe mineralised zones from 907.50 to 1031.40m with grades ranging from 16.2% to 23.6% Fe. Sporadic samples were analysed for sulphur (40 out of 583), phosphorus (38 out of 583) and copper (67 out of 583) – details are shown in Table 2 - with the drill hole MA20-06 also presenting the most significant intersection of copper mineralisation (5.2 m @ 0.34% Cu). No samples have been assayed for gold or silver.

TGIM has also provided the Company with drilling status update confirming eleven completed drill holes and five additional holes currently being drilled. Latin is very pleased to continue receiving such encouraging preliminary results from its exploration partner at Mariela and Managing Director, Mr Chris Gale, commented, “We are very pleased with these additional preliminary results which have extended the iron mineralisation zone to over one kilometre of strike confirming that Mariela is an important mineralised system with good Iron grades and suggested potential for associated copper mineralisation”.