Latin American Minerals Inc.

Latin American Minerals Inc.

November 05, 2007 08:30 ET

Latin American Minerals Signs 5,000 Metre Diamond Drill Contract for Its Tendal Zinc-Copper-Lead-Silver Project, La Rioja Province, Argentina

TORONTO, ONTARIO--(Marketwire - Nov. 5, 2007) - Latin American Minerals Inc. (TSX VENTURE:LAT) announces that it has signed a drill contract with Patagonia Drill S.A. for the Phase I Diamond Drilling Program totaling 5,000m on its Tendal Zinc-Copper-Lead-Silver Project in La Rioja, Argentina.

Patagonia is ready to mobilize as soon as the extension of the access road and construction of the 40-man camp has been completed and environment and water permits are received. The access road and construction of the originally planned drill platforms have been completed; however, as a result of the recently announced discovery of new massive sulfides horizons on the property (press release dated October 7, 2007), LAT will be extending the road a further 15km to access these new discovery areas and will be constructing additional drill platforms in anticipation of diamond drilling.

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.

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. Readers should not place undue reliance on forward-looking statements.

The TSXV has not reviewed and does not accept responsibility for the adequacy or the accuracy of this release.

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