Latin American Minerals Inc.

Latin American Minerals Inc.

August 31, 2009 08:00 ET

Latin American Minerals Reports on Heads of Agreement Regarding the Tendal Massive Sulphide Zinc, Lead and Copper Project in Argentina

TORONTO, ONTARIO--(Marketwire - Aug. 31, 2009) - Latin American Minerals Inc. (TSX VENTURE:LAT) (the "Corporation") announces that it has been unable to reach a final agreement with Cadillac Ventures Inc. in regards to the previously announced Head of Agreement (press release dated June 16, 2009) concerning the Corporation's Tendal massive sulphide zinc, lead and copper project in Argentina, and the Corporation does not intent to pursue further negotiations.

Latin American Minerals Inc. is a mineral exploration company focused on the acquisition and development of mineral 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 jurisdictions where the Corporation conducts business, and risks associated with mineral exploration and production. The Corporation does not intend, and does not assume any obligation, 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.

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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