Latin American Minerals Extends Exercise Period for Warrants by Six Months

Sat Sep 1, 2012 10:49pm EDT

* Reuters is not responsible for the content in this press release.

  TORONTO, ONTARIO, Sep 01 (MARKET WIRE) --
Latin American Minerals Inc. (TSX VENTURE:LAT)(OTCQX:LATNF) (the
"Company") announces that it has received approval from the TSX Venture
Exchange (the "Exchange") for a six month extension for the 4,983,000
outstanding share purchase warrants (the "September Warrants") issued
pursuant to the Corporation's private placement at a price of $0.15 per
unit completed on September 10, 2012 and the 4,700,000 outstanding share
purchase warrants (the "October Warrants") issued pursuant to the
Corporation's private placement at a price of $0.15 per unit completed on
October 5, 2009.

    Each September Warrant is exercisable for one Common Share at an exercise
price of $0.20 per Common Share and each October Warrant is exercisable
for one Common Share at an exercise price of $0.30 per Common Share. The
September Warrants were due to expire on September 10, 2012 and the
October Warrants were due to expire on October 5, 2012. 

    The new expiry date for the September Warrants is March 10, 2013 and the
new expiry date for the October Warrants is April 5, 2013. 

    About the Company: 

    Latin American Minerals Incorporated is a mineral exploration company
whose core projects include the Company's Independencia Mine gold project
and its satellite exploration properties, located in the Paso Yobai gold
district of Paraguay. In addition to the Paso Yobai properties, the
Company is also developing diamond, REE, niobium and base metals projects
in South America.

    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
Latin American Minerals' 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", "intend" 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 Latin American Minerals' 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.

Contacts:
Latin American Minerals Inc.
Miles Rideout
President and CEO
Toronto: (1-416) 363-0841 or (1-416) 902-8558
information@latinamericanminerals.com
www.latinamericanminerals.com

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