Latin American Minerals Inc.
TSX VENTURE : LAT

Latin American Minerals Inc.

March 16, 2010 13:34 ET

Latin American Minerals Inc. Announces that Lithium Americas Corp. Files Preliminary Prospectus for Initial Public Offering

TORONTO, ONTARIO--(Marketwire - March 16, 2010) -

This Press Release is not for Distribution in the United States or to U.S. News Wire Services

Latin American Minerals Inc. ("Latin American") (TSX VENTURE:LAT) announces that Lithium Americas Corp. ("Lithium Americas"), a private company in which Latin American's subsidiary owns approximately an 17.1% equity interest (8.4 million common shares), has filed a preliminary prospectus with the securities regulatory authorities in each of the provinces of Canada, other than Québec, in connection with the proposed initial public offering (the "Offering") of Lithium Americas common shares (the "Common Shares").

The syndicate of underwriters for the Offering is being co-led by GMP Securities L.P., Dundee Securities Corporation and Macquarie Capital Markets Canada Ltd., and includes Canaccord Financial Ltd., and Byron Securities Limited. 

Latin American's subsidiary has granted an over-allotment option to the underwriters to purchase up to 15% additional Common Shares owned by Latin American's subsidiary and sold in connection with the Offering to cover over-allotments, if any, and for market stabilization purposes. There are no assurances that the over-allotment option will be exercised and the offering price of the Common Shares has not been determined.

A copy of Lithium Americas' preliminary prospectus is available on the SEDAR website at www.sedar.com.

This press release does not constitute an offer to sell or a solicitation of an offer to buy any securities of the Company in any jurisdiction in which such offer, solicitation of sale would be unlawful. These securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any U.S. state securities laws and may not be offered or sold in the United States except in compliance with the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws or pursuant to an exemption therefrom. Any public offering of the securities in the United States may only be made by means of a prospectus containing detailed information about the Company and its management as well as financial statements.

About Latin American Minerals Inc.

Latin American Minerals Inc. 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, Latin American Minerals is developing a track-record of exciting project generation in the Americas.

Notes: This news release contains forward-looking statements. 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, unless otherwise required by applicable securities laws. Readers should not place undue reliance on forward-looking statements.

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