www.LATIN-METALS.

com

JUNE 2022 TSX.V: LMS

LACSHA PROJECT
OTCQB: LMSQF
Peru
 Forward-Looking and Cautionary Statements
Forward Looking and Cautionary Statements This presentation contains forward-looking statements and forward-looking information (collectively, “forward-looking statements”) within the meaning of
applicable Canadian and U.S. securities legislation, including the United States Private Securities Litigation Reform Act of 1995 concerning the business, operations and financial performance and condition of Latin
Metals Inc. (the "Company"). All statements, other than statements of historical fact, included herein including, without limitation, statements regarding future capital expenditures and financings (including the
amount and nature thereof), anticipated content, commencement, and cost of exploration programs in respect of the Company's projects and mineral properties, anticipated exploration program results from
exploration activities, the discovery and delineation of mineral deposits, resources and/or reserves on the Company's projects and mineral properties, and the anticipated business plans and timing of future
activities of the Company, are forward-looking statements. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Often,
but not always, forward looking information can be identified by words such as “pro forma”, “plans”, “expects”, “may”, “should”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, “believes”,
“potential” or variations of such words including negative variations thereof, and phrases that refer to certain actions, events or results that may, could, would, might or will occur or be taken or achieved. Forward
looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to differ materially from any future
results, performance or achievements expressed or implied by the forward looking information. Such risks and other factors include, among others, the ability of the Company to obtain sufficient financing to
fund its business activities and plans, operating and technical difficulties in connection with mineral exploration and development and mine development activities for Company's projects generally, including the
geological mapping, prospecting and sampling programs for the Company's projects, actual results of exploration activities, including the estimation or realization of mineral reserves and mineral resources, the
timing and amount of estimated future production, costs of production, capital expenditures, the costs and timing of the development of new deposits, the availability of a sufficient supply of water and other
materials, requirements for additional capital, future prices of precious metals, tantalum and lithium, changes in general economic conditions, changes in the financial markets and in the demand and market
price for commodities, possible variations in ore grade or recovery rates, possible failures of plants, equipment or processes to operate as anticipated, accidents, labour disputes and other risks of the mining
industry, delays in obtaining governmental and regulatory approvals (including of the TSX Venture Exchange), permits or financing or in the completion of development or construction activities, changes in laws,
regulations and policies affecting mining operations, hedging practices, currency fluctuations, title disputes or claims limitations on insurance coverage and the timing and possible outcome of pending litigation,
environmental issues and liabilities, risks related to joint venture operations, and risks related to the integration of acquisitions, as well as those factors discussed under the heading “Risk Factors” in the Company’s
most recent annual management’s discussion and analysis and other filings of the Company with the Canadian Securities Authorities, copies of which can be found under the Company's profile on the SEDAR
website at www.sedar.com. Readers are cautioned not to place undue reliance on forward-looking statements. The Company undertakes no obligation to update any of the forward looking information in this
presentation or incorporated by reference herein, except as otherwise required by law.
National Instrument 43-101 Keith Henderson, the President, CEO and Director of the Company, and a Qualified Person as defined by National Instrument 43-101, has approved the scientific and technical
information concerning the Company discussed in this presentation
Cautionary Note to United States Investors As a Canadian issuer, the Company is permitted to prepare its public disclosures and this presentation in accordance with Canadian securities laws, which differ in
certain respects from U.S. securities laws. In particular, this presentation uses the terms “mineral resource”, “measured mineral resource”, “indicated mineral resource” and “inferred mineral resource”. While these
terms are recognized and required by Canadian securities laws, they are not recognized by the United States Securities and Exchange Commission (“SEC”) and are not normally permitted to be disclosed in SEC
filings by U.S. companies. U.S. investors are cautioned not to assume that any part of a “mineral resource”, “measured mineral resource”, “indicated mineral resource” or an “inferred mineral resource” will ever be
converted into a “reserve”. In addition, “reserves” reported by the Company under Canadian standards may not qualify as reserves under SEC standards. Under SEC standards, mineralization may not be classified
as a “reserve” unless the mineralization can be economically and legally extracted or produced at the time the “reserve” determination is made. Accordingly, information contained or referenced in this
presentation containing descriptions of the Company’s mineral deposits may not be compatible to similar information made public by U.S. companies subject to the reporting and disclosure requirements of U.S.
federal securities laws, rules and regulations. “Inferred mineral resources” have a great amount of uncertainty as to their existence and great uncertainty as to their economic and legal feasibility. It cannot be
assumed that all or any part of an inferred mineral resource will ever be upgraded to a higher category. Historical results or feasibility models presented herein are not guarantees or expectations of future
performance.
Currency All amounts in this presentation are expressed in Canadian dollars, unless otherwise stated.
THIS PRESENTATION IS NOT INTENDED AS, AND DOES NOT CONSTITUTE, AN OFFER TO SELL SECURITIES OF THE COMPANY.
The TSX Venture Exchange has not reviewed and do not accept responsibility for the accuracy or adequacy of this presentation, which has been prepared by the Company.

TSX.V: LMS
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 Opportunity
Early-Stage Exploration Potential

• Located in the emerging Northern Extension of the Cretaceous Porphyry

Belt: Previously overlooked & underappreciated geologic setting

• >5 km x 2.5 km footprint defined by coincident anomalous geochemistry,

ground magnetics, and mapped alteration – remains open along strike

• Copper Endowment supported by results of channel sampling, with

results including; 136m @ 0.24% Cu & 179 ppm Mo from the Lacsha SW
target area

• Underexplored = Untapped Potential: limited systematic exploration and

no known drilling over primary porphyry targets

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 Peru Mineral Deposits

Regional Setting
Cretaceous Porphyry Belt: Underexplored Potential CHANCAY PORT

• Until recently, the Northern Extension of the K Belt was

overlooked for porphyry potential. In 2011, the Illari
discovery (Newmont) proved the extension of the belt to
the north 500 km

• Mineralization related to the granitic intrusions of the Coastal

Batholith Complex, and structural controlled by regional,
NW-SE fault systems

Infrastructure: Favorable Location

• 90 km north of Lima
• 40 km east of the new Chancay Port (under construction)
Latin Metals Properties
• Powerline <5 km from the property
Mineral Deposits
• Partial road access K Belt (Ica – Tacna Segment)
K Belt (Lima Segment) 100 km

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 Lacsha Geology Porphyry Target

 Paccho group granodiorite

(Cretaceous) cut by granite, diorite
and Quartz-Feldspar Porphyry (QFP)
stocks
Lacsha
 Same host rocks as the nearby Illari North
Central
Porphyry & Sumqwayra Porphyry Zone 1 kilometer

 Widespread alteration associated

with magmatic-hydrothermal centers
Lacsha
South Veins
 Copper and Molybdenum
Dikes
mineralization occurs on surface
Lineaments
QFP
Granodiorite QFP
Lacsha Diorite
SW
Granite
Granodiorite

1 kilometer

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 Stream Sediments Porphyry Target

 Target Basins: >300 ppm Cu

combined with high Mo values

 41 stream sediment samples were

collected
Lacsha Lacsha
North North
 Strongest correlation between Cu- Central
Zone
486 Central
Zone
14.8
1 kilometer
Mo-Ag suggests porphyry affinity

456
Lacsha Lacsha
738 South 29.9 South

582 16.5
484
<140 ppm <2 ppm
Lacsha Lacsha
SW 141- 215 ppm SW 2.1- 7 ppm
Correlation Cu_ppm Mo_ppm Ag_ppm
216 – 305 ppm 7.1 – 14 ppm
Cu_ppm 1 0.64 0.75 306 – 738 ppm 14.1 – 29.9 ppm
Mo_ppm 0.64 1 0.5
Ag_ppm 0.75 0.5 1

Copper in Stream Sediments: Molybdenum in Stream Sediments:

Basin Analysis Basin Analysis
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 Rock & Talus Sampling Porphyry Target

 Results define 4 primary targets;

Lacsha North, Central Zone, Lacsha
South, & Lacsha Southwest

 241 samples collected including 185

Lacsha Lacsha
chips and 56 talus fines North North
Central Central
Zone Zone 1 kilometer
 Strongest correlation between Cu-
Mo-Ag

 4 Potential magmatic hydrothermal Lacsha Lacsha

South South
centers

<150 ppm <2 ppm

151- 250 ppm 2.1- 3 ppm
Lacsha Lacsha
SW 251 – 400 ppm SW 3.1 – 7 ppm
Correlation Cu_ppm Mo_ppm Ag_ppm
401 – 550 ppm 7.1 – 15 ppm
Cu_ppm 1 0.66 0.68 551 – 37300 ppm 15.1 – 578 ppm
Mo_ppm 0.66 1 0.74
Ag_ppm 0.68 0.74 1

Copper in Rocks & Talus Molybdenum in Rocks & Talus

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 Alteration & Veining Qtz veinlets
Porphyry Target

 Widespread alteration associated with magmatic-

hydrothermal centers – Clay and Chlorite are dominant
and suggest surface exposures are “high level”
porphyry environment
Lacsha
 Quartz veinlets up to 3 cm wide & sheeted Fe-oxide North
Central
veinlets to 2 cm wide Zone 1 kilometer
Alteration in Rock Chips:
Na/Al vs. K/Al Molar Ratio Diagram
Fe-Ox veinlets Lacsha
South

Phyllic/Potassic altered Argillic

Chlorite
Lacsha FeOx veining
Potassic SW Qz veinlets
Qz-Py-Ser

Argillic
Phyllic Property Alteration

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 Channel Sampling Copper staining & fracture fill
Porphyry Target

 Significant Cu + Mo endowment in distal alteration

assemblage (vertical)

HIGHLIGHT RESULTS
 Lacsha North Lacsha
North
 72m @ 0.20% Cu, 62 ppm Mo Central
Zone
 16m @ 0.16% Cu, 57 ppm Mo 1 kilometer

 12m @ 0.17% Cu, 23 ppm Mo

 38m @ 0.12% Cu, 21 ppm Mo
Chalcopyrite & Sulfides Lacsha
South
 Lacsha South
 28m @ 0.17% Cu, 44 ppm Mo
 74m @ 0.14% Cu, 47 ppm Mo
 30m @ 0.22% Cu, 76 ppm Mo Lacsha
SW
 26m @ 0.20% Cu, 119 ppm Mo

 Lacsha Southwest
 136m @ 0.24% Cu, 179 ppm Mo
 52m @ 0.38% Cu, 237 ppm Mo Gridded Talus Samples

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 Magnetic Features:
B
Porphyry Targeting
 Magnetic signature strongly correlates with surface anomalism &
alteration Lacsha
North

 Intense oxidation on surface = Potential for preserved Supergene 1 kilometer

mineralization Central
Zone

A Oxidation B
Supergene?
Phyllic

Supergene? A Lacsha
QFP? South
QFP?
Chlorite QFP?
Chlorite
Phyllic Argillic
Lacsha Central Lacsha Chlorite
Lacsha
South Zone North
SW FeOx veining
Qz veinlets
500 m 500 meters
Magnetic Susceptibility Qz-Py-Ser
Magnetic Cross-section A-B
Reduce to Pole , High
Resolution Ground MAG TSX.V: LMS
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 Chargeability Features:
B
Porphyry Targeting
 Coincident chargeability high through the 4 target areas –
mapping sulfides and/or alteration Lacsha
North

 Intense oxidation on surface = Potential for preserved Supergene 1 kilometer

mineralization Central
Zone

Oxidation
MAG vs CHARGEABILITY B
A
MAG
Phyllic HIGH
Oxidation
Phyllic A Lacsha
Phyllic South
MAG
HIGH
Chlorite MAG
HIGH
Argillic
MAG HIGH
Lacsha Chlorite
1 5 10 15 20 25 30 35
SW FeOx veining
Qz veinlets
500 m 500 meters
Chargeability (mv/v) Qz-Py-Ser
Chargeability Cross-section A-B
Chargeability (mv/v)
Plan view @ 1400 m TSX.V: LMS
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 Interpretations & Potential
Porphyry Target

B
Lacsha
North
 At least 4 potential magmatic hydrothermal centers
– drill ready targets

 Drillhole locations chosen based on a combination of

Magnetic + IP + surface data Central 1 kilometer
Zone

MAG vs RESISTIVITY B Lacsha

A Argillic South
MAG
HIGH
A

Supergene?
Oxidation Oxidation PROPOSED DRILLHOLE
MAG
HIGH Lacsha Veins
Supergene?
MAG
SW Dikes
HIGH Lineaments
MAG HIGH
QFP
Diorite
500 m 1 kilometer Granite
Granodiorite
Resistivity Cross-section A-B
Priority Drill Targets
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 Summary
Excellent Exploration Potential

• Previously overlooked & underappreciated geologic setting: Located in the

emerging Northern Extension of the Cretaceous Porphyry Belt

• Confirmed copper endowment & evidence for multiphase magmatic

hydrothermal system with a large surface footprint

• Surface oxidation zones = increased potential for preservation of high-grade

supergene zone

• Significant Copper and Molybdenum high in the system suggests core of the
system is metal endowed

• Minimal systematic exploration and no known drilling over primary porphyry

targets

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 www.LATIN-METALS.com

Latin Metals Inc.

890-999 West Hastings Street

Vancouver, BC V6C 2W2
604.638.3456 | [email protected]

TSX.V: LMS
OTCQB: LMSQF