Latin American Minerals Inc.

Latin American Minerals Inc.

June 11, 2007 12:28 ET

Latin American Minerals Commences Drilling on its La Carolina Gold Project, San Luis, Argentina

TORONTO, ONTARIO--(Marketwire - June 11, 2007) - . Latin American Minerals Inc. ("LAT")(TSX VENTURE:LAT) has commenced diamond drilling on its La Carolina gold Project in San Luis Province, Argentina.

Previous work done by Anglo in 1989 and Geocom in 2004 identified gold mineralization at La Carolina in silicified breccias with disseminated and vein hosted pyrite, galena and sphalerite in breccia pipes and the rims of a 2km by 4km volcanic complex that pierce through the Paleozoic basement. The volcanic complex is interpreted by LAT to be a diatreme. Almost all previous work including a total of 55 shallow holes drilled by Anglo and 14 holes drilled by Geocom were targeted at the volcanic rocks. However, LAT's Phase I exploration results demonstrate that the larger geochemical and geophysical anomalies are located outside the volcanic complex in the brecciated basement rocks located within 300m of the contact.

Dr. Waldo Perez, Sr. V.P. Exploration states "...the 3D models assembled using the pole-dipole geophysics, the digital elevation models, geochemical samples on the trenches and gradient geophysics clearly show that the previous drilling did not tested the large geophysical and geochemical anomalies we now know surround the diatreme ....".

LAT will start drilling the La Estancia Target, where previous drilling by Anglo (hole DDH-33) intersected an average grade of 2.17gpt gold ("Au") over 19.5m from 190.5m to 208.5m and at hole DDH-20 intersected an average grade of 97.9 gpt Au over 1.5m from 13.5m to 15m.

LAT has not independently confirmed these drill results; however, the higher grade gold mineralization reported above was intersected in proximity to the regional chargeability / resistivity (IP) anomaly and defines what LAT believes is a wide breccia zone between the basement meta-sedimentary rocks and the breccias of the diatreme complex. The GIS modeling shows that most of the historic drilling terminated on intersecting the basement rocks and did not intersect the IP Anomaly.

Currently, twenty (20) HQ drill holes going down up to 350m are planned totaling 6,000m. The location of the drill holes are shown on a plan map under La Carolina on LAT's website The drilling will be carried out by Patagonia Drill of Mendoza and will take approximately four (4) months to complete.

Mr. Wahl, President and CEO states "... the drilling is designed to test prospective exploration targets on the Property with a view to evaluating the mineral resource potential of a particular geologic setting and /or geophysical (IP) fingerprint. It is the Company's intention to release the results of several drill holes at one time so as to provide a realistic perspective of the assay results..."

Dr. Waldo Perez, P.Geo. and Sr. Vice-President of LAT, is the designated Qualified Person for the project and is responsible for the contents of this news release.

Latin American Minerals Inc. is a mineral exploration company focused on the acquisition and development of exploration opportunities in South 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 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.

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

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