Latin American Minerals Inc.

Latin American Minerals Inc.

September 16, 2010 08:30 ET

Latin American Minerals Inc. Announces Appointment of Miles Rideout as President and Chief Executive Officer

TORONTO, ONTARIO--(Marketwire - Sept. 16, 2010) - Latin American Minerals Inc. (TSX VENTURE:LAT) (the "Corporation") is pleased to announce that Mr. Miles Rideout has been appointed the Corporation's new President and Chief Executive Officer. Mr. Rideout will be based in the Corporation's Mendoza, Argentina office.

Mr. Rideout was previously the Business Development Manager for Latin America for Quantec Geoscience Limited ("Quantec"). While employed by Quantec for 23 years, Mr. Rideout has acquired broad work experience in the fields of mineral exploration, management and corporate development. He established Quantec's first South American company and has had a leading role in the development and management of Quantec's business entities in Latin America. His technical experience includes more than 600 geophysical exploration and engineering projects in Argentina, Bolivia, Brazil, Canada, Chile, Peru and other countries. This history represents productive relationships with hundreds of exploration, mining and energy companies operating in the following environments and sectors: porphyry Cu/Au/Mo, epithermal precious metal, skarn and IOCG, VMS, Sedex, ultramafic and laterite nickel, uranium, lithium, geothermal energy, hydrocarbon and water resource.

Richard Boulay, Chairman stated, "speaking on behalf of all of us at the Corporation, we are extremely pleased that Mr. Rideout has accepted this opportunity and we look forward to working with him to advance our projects. Paso Yobai, our flagship gold project in Paraguay has already been defined as a 100 square km high grade epithermal gold system that is ready for definition drilling and bulk sample production. The addition of Miles Rideout to our development team completes the corporate reorganization that we believe is necessary to fast track development at Paso Yobai. We also wish to thank Mr. Waldo Perez, the former interim President and CEO of the Corporation, for his outstanding services to the Corporation. Mr. Perez will continue as a director of the Corporation."

The statements made in this press release that are not historical facts contain forward-looking information that involves risk and uncertainties. All statements, other than statements of historical facts, which address the Corporation's expectations, should be considered forward-looking statements. Such statements are based on management's exercise of business judgment as well as assumptions made by and information currently available to management. When used in this document, the words "may", "will", "anticipate", "believe", "estimate", "expect", "intends" and words of similar import, are intended to identify any forward-looking statements. You should not place undue reliance on these forward-looking statements. These statements reflect our current view of future events and are subject to certain risks and uncertainties as contained in the Corporation's filings with Canadian securities regulatory authorities. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, our actual results could differ materially from those anticipated in these forward-looking statements. We undertake no obligation, and do not intend, to update, revise or otherwise publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof, or to reflect the occurrence of any unanticipated events, unless required under applicable securities laws. Although we believe that our expectations are based on reasonable assumptions, we can give no assurance that our expectations will materialize.

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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