Results Confirm Significant Colina West Lithium Discovery 18.71m @ 1.32% Li2o And Ultra High-Grade Intersections From Colina Resource Drilling

Latin Resources Limited (ASX: LRS) (“Latin” or “the Company”) is pleased to confirm the discovery of a new lithium mineralised zone, some 500m west of the Colina prospect, and also provides an update on the program of resource definition drilling and other studies currently ongoing at the Company’s 100% owned high-grade Colina Lithium Prospect (“Colina”) (Appendix 1 and Figure 1).

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HIGHLIGHTS

• New lithium discovery at Colina West, located 500m west of the Colina Prospect.
• Assay results have confirmed multiple high-grade lithium bearing pegmatites at the Colina West Prospect located 500m to the west of the main Colina Prospect. Results include:

SADD033: 1.78m @ 1.33% Li2O (120.53 - 122.31m)
1.67m @ 1.36% Li2O (275.38 - 277.05m)
18.71m @ 1.32% Li2O (321.15 - 339.86m)

incl: 4.00m @ 1.94% Li2O (322.00 - 326.00m)
and: 4.00m @ 1.58% Li2O (334.00 - 338.00m)

• Latest assay results from resource definition drilling at the Colina Prospect have returned the prospect’s highest-grade intersection to date, confirming the continuity of grade at depth and along strike. Results include:

SADD031: 3.15m @ 2.12% Li2O (289.30 - 292.45m)
8.45m @ 3.57% Li2O (306.00 - 314.45m)

incl: 4.17m @ 5.79% Li2O (309.10 - 313.27m)

• Resource definition diamond drilling at the Colina Prospect remains on track for the delivery of a maiden JORC Mineral Resource Estimate (“MRE”) in December 2022 with all holes required for the MRE now completed and sampled, with only assay results pending.

Latin Resources’ Exploration Manager, Tony Greenaway, commented:

“The significance of these latest results from hole SADD033 cannot be understated. They confirm that we have a second zone of high-grade lithium bearing pegmatite only 500m to the west of the main Colina resource drilling. This new zone is open in all directions including along strike to the north and south, up-dip to the mapped outcrop which drew us to this area and extending at depth to the east beneath Colina.

“Colina West has the potential to add considerable resources to the Company’s maiden JORC Mineral Resource Estimate, which is on track to be delivered in December this year and proves the exceptional prospectivity of the wider project area to the west where the Company has mapped even more outcropping pegmatites that are yet to be drilled.

“Now that the drilling needed for the maiden inferred mineral resource estimate for Colina is completed, we can let loose with drilling at Colina West, with the aim of potentially incorporating this second area into the PEA and other studies that the Company has underway.”

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