Latin American Minerals Inc.

Latin American Minerals Inc.

June 24, 2010 09:30 ET

Latin American Minerals Inc. Announces Addition of Ian C. Peres to the Board of Directors

TORONTO, ONTARIO--(Marketwire - June 24, 2010) - Latin American Minerals Inc. (TSX VENTURE:LAT) (the "Corporation") is pleased to announce that Mr. Ian C. Peres has joined the board of directors.

Mr. Peres is currently President and Chief Executive Officer and a director of Moneta Porcupine Mines Inc., a TSX listed company. Mr. Peres is a Chartered Accountant who articled with Deloitte & Touche LLP and has over 15 years of experience in senior wealth management roles in retail and institutional finance within capital markets. Mr. Peres was most recently COO and CFO of Augen Capital Corp., a Toronto-based merchant bank specializing in equity financing of junior mining companies. Mr. Peres was also the former CFO and Director of Energy Fuels Inc., a company which, in the period he held office, completed a $30M institutional financing and was transformed from a $3M market capitalization base metals exploration company into a $250M near-term uranium producer.

Waldo A. Perez, interim President and CEO of the Corporation stated, "The board is very pleased to attract the interest of a highly accomplished senior executive such as Mr. Peres and welcomes his expertise and guidance."

The Corporation also thanked Harvey McKenzie and Gary O'Connor, who did not seek re-election at yesterday's shareholders' meeting, for their services to the Corporation.

The Corporation is an active mineral exploration company focused on the acquisition and development of mineral projects in under-explored but highly prospective countries of Latin America. Currently focused on its Paso Yobai gold project in Paraguay, the Corporation is developing a track-record of exciting project generation in the Americas.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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