Latin American Minerals Inc.

Latin American Minerals Inc.

March 31, 2009 09:30 ET

Latin American Minerals: Drill Program Underway at Paso Yobai Gold Project

TORONTO, ONTARIO--(Marketwire - March 31, 2009) - Latin American Minerals Inc. (TSX VENTURE:LAT) has resumed its resource definition drilling program on the 1,000 metre long Discovery Zone at its Paso Yobai Gold Project in Paraguay.

The first 1,500 metres of the 2009 program targets confirmation of continuity at depth and extension of high grade gold mineralization discovered earlier by drilling and exposed during trenching. Results are detailed in our releases of January 17th, 2008: "Latin American Minerals Intersects 6.5 m with 26.64 gpt gold including 4 m with 43.08 gpt gold," and January 8th, 2009: "Mechanical Trenching Reports 7 gpt Gold over 8.5 Metres." In addition to the mineralization expansion potential of the current drilling program, results will be used to generate a resource estimate for the Discovery Zone in compliance with NI 43-101, and to establish parameters for the entire Paso Yobai gold trend.

The company has completed two holes. Both intersected the gold bearing zone characterized by intense quartz-calcite veining, disseminated pyrite and strong smectite and kaoline alteration. The holes were located to test the down dip extension of the gold mineralization exposed in trenches 1 and 2 respectively. Subsequent holes will test the gold bearing zone below the remaining trenches at depths between 50 and 150m.

The Paso Yobai gold trend is defined by an 8,000 metre long by 300 metre wide gold soil anomaly. The core of the anomaly is defined by gold values ranging from 75 ppb to 1,100 ppb. Airborne and ground magnetometer surveys identified a linear magnetic feature coincident with the gold soil anomaly. The gold is hosted in veins and stockwork within the more intensely altered and fractured portions of a mafic dyke intruding sandstone.

Reconnaissance diamond drilling completed during 2007-2008 on sections established at 200-400 metre intervals along strike of the Paso Yobai gold soil/magnetic anomaly confirmed the continuity of the gold bearing dyke (December 18th, 2007: "Latin American Minerals Completed 2,000 m of Drilling at its Paso Yobai Gold Project; Finds Gold at Depth"). Geochemically anomalous gold values were reported in all holes, and several of the holes intersected encouraging gold values over potentially significant intervals. Most of the follow-up exploration activity focused on the most readily accessible long section of the Paso Yobai trend named the Discovery Zone.

Dr. Waldo Perez, P.Geo., Senior Vice-President of Exploration of Latin American Minerals Inc., 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 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 laws. 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.

To view the drill rig, please click on the following link:

To view the core sample, please click on the following link:

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

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