LATIN AMERICAN MINERALS EXERCISES OPTION
TO ACQUIRE A 75% INTEREST IN LA CAROLINA GOLD PROPERTY, ARGENTINA.
Toronto, Canada, 14, 2008, Latin American Minerals
Inc. (LAT - TSX-V) announces that it has exercised its option to acquire a
75% interest in certain mineral claims collectively known as the La Carolina
Property.� LAT has completed the required
exploration expenditures under the existing option agreement and, with the
final issuance of 175,000 common shares and payment of US$75,000 to the
optionors, has acquired a 75% interest in the property. The shares were issued
on March 27, 2008 at the market price of $0.57 per share.� A joint venture agreement between LAT and the
optionors will be put in place in due course.
The property is a gold prospect located in the La
Carolina District of San Luis Province in west-central Argentina. It is
situated at an elevation of approximately 1,600m in the Sierras de San Luis and
lies 85km north of the provincial capital, San Luis, and consists of three
contiguous staked and optioned exploration concessions covering approximately
3,500ha.
�La Carolina has considerable untapped gold potential
and we are very pleased to have earned a 75% interest and be entering the joint
venture phase with our partners Geocom Resources Inc., TNR
Gold Corp. and Compania Minera Solitario��
stated David Wahl, President and Chief Executive Officer of LAT.
LAT is a mineral exploration company
focused on the acquisition and development of base and precious metals projects
in under-explored but highly prospective countries of Latin America.
For more information please contact:
David Wahl, President and CEO at (416)
363-0841
or visit www.latinamericanminerals.com
The TSXV has not reviewed and
does not accept responsibility for the adequacy or the accuracy of this
release. This news release contains forward-looking statements, which can be
identified by the use of statements that include words such as �could�,
�potential�, �believe�, �expect�, �anticipate�, �intend�, �plan�, �likely�,
�will� or other similar words or phrases. These forward-looking
statements, including statements regarding the Corporation�s beliefs in potential
mineralization, are based on current expectations, assumptions and projections
about future events and entail various risks and uncertainties that are beyond
the Corporation�s ability to control or predict. Actual results may
materially differ from expectations as more information regarding a property is
gathered or if the Corporation�s estimates or assumptions prove
inaccurate. Factors that may materially affect actual results include,
but are not limited to, political, business and economic conditions in Argentina
and in jurisdictions where the Corporation conducts business, and risks
associated with mineral exploration and production. The Corporation does
not intend, and does not assume any obligations, to update forward-looking
statements, whether as a result of new information, future events or otherwise
except as required by applicable securities law. Readers should not place undue
reliance on forward-looking statements. The results described herein are
exploratory in nature and there can be no assurance that they are indicative of
Mineral Resources as defined in accordance with National Instrument 43-101.