Exploration and Development of a Producing, District-Scale Gold Discovery in Paraguay

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Forward Looking Statement

This presentation is intended to be strictly informational. The Company reserves the right, at its sole discretion, to modify all or any part of this presentation without any liability or notification to any person. This presentation includes statements which may be considered forward-looking. These forward-looking statements are based largely on the expectations of management of the Company as at the date hereof and are subject to uncertain events and circumstances which are beyond the control of the Company. Actual results could differ materially from those anticipated. You acknowledge that any reliance on or use by you of this information shall be at your own risk. In no event shall the Company, its directors, officers, employees, agents or advisors be liable for any damages of any kind arising out of or relating to the use of this presentation, including, but not limited to, any of loss of income or profits, incidental, special, indirect or consequential or any similar losses or damages, whether or not advised of the possibility of damages, and on any theory of liability, arising out of or in connection with the use of the information contained herein. This document does not constitute, nor should be construed as, an offer or solicitation of an offer for the purchase of any securities of the Company, nor investment advice or an offering memorandum. Readers should review all of the Company’s public disclosure including the technical report on its property. No securities commission or similar authority or stock exchange in any jurisdiction has in any way passed on any of the information contained herein. Certain exploration results referred to in this presentation are historical in nature and were compiled before NI 43-101. Latin American Minerals has not independently analyzed the results of the previous exploration therefore the historical results should not be relied upon. Latin American Minerals believes these historical results provide an indication of the potential of the properties and are relevant to ongoing exploration. .

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Superior assets with cash flow and longer term exploration potential

Paso Yobai – A multi-faceted gold project Fully permitted, cash flow producing gold mine District scale project (90 sq. km surface gold anomaly) 12,000 m drilling, 18,000 point soil sampling and 106 km CSAMT surveys completed Six large drill-ready gold zones, Bonanza grade potential at depth, multiple targets identified

Paraguay focus – A new mining destination; pro-mining, pro-foreign investment

Significant diamond discovery and 2 additional gold projects in pipeline

Experienced management and new board – hands-on at all levels

Corporate Overview

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Paraguay, emerging mineral region Huge unexplored mineral potential Favorable national mining law Streamlined permitting Low operating costs

Prime investment destination Business friendly democratic

government Pro-mining Favorable tax structure for investment

and repatriation of earnings 4% recent GDP growth Projects characterized by:

Large size Wholly owned Mineralization at surface Year around road access

Why Paraguay?

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Paraguay

Repatriación (gold)

Cabo (gold)

Itapoty (diamonds)

Paso Yobai (gold)

Asuncion

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Superior assets with near term cash flow and longer term exploration potential

3,100 ounces of gold produced to date (pilot production) $5,000,000 raised via 2 over-subscribed private placements between November 2015 and July 2016 Very extensive project-wide geophysical imaging completed at Paso Yobai Expert, independent geological review by Dr. Jeffrey Hedenquist and Dr Quinton Hennigh Expert independent production review by JT Boyd and Company Heap leach permit received February 2014 Leach production initiated in September 2014, production expansion on-going New hands-on board appointed September 2015. Additional technical skills added August 2016 Plant redesign and refurbishment to be completed by end of October 2016. Dr Quinton Hennigh appointed as Special Advisor to the board – August 2016 Extensive drill program to start in October 2016 – 5 primary targets

Recent Accomplishments

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District Size Epithermal System

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Independencia Mine

Sudetia Target

Moroti Target

Tacurú Target

Cresta Target

Ycua Pora Target

Kaaguy Target

Discovery Trend

X-Mile Trend Targets

Gold soil values and primary exploration targets Aeromagnetic data (RTP) and exploration target outlines

Discovery Trend Extends over 10 km Abundant VG from surface to depth High-grade proven to 150 m, open to depth Extensive surface gold near pilot operation

X-Mile Trend Surface gold values over 14.8 km Abundant receptive magnetic host units High-value feeder structures probable to 400+ meters depth

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Notable conclusions:

Large, classical alkaline system,

The project is largely un-eroded:

We have the complete system,

Mineralizing solutions very rich in gold,

Abundant surface mineralization,

Bonanza grade targets anticipated at depth-of-epithermal-boiling, to ~400 m depth,

Immediate drilling recommended at X-Mile and Discovery Trends.

Positive Independent Geological Review

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World authority, Dr. Quinton Hennigh visited Paso Yobai in October 2016 to review, confirm and refine prior work by LAT’s geoscientific team

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World Class Gold System Potential

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Paso Yobai Cerro Vanguardia Cerro Negro (exploration stage) 6 MM oz. Anglo Ashanti 4.5 MM oz. Goldcorp

Latin American Minerals - comparison to similar world-class deposits. (Same Scale)

Current extraction along 1000 m of continuous 3000 m trend,

Abundant mid- and low-grade mineralization exposed in pit and mapped along 3km trend.

Permitted for mining, heap leach

Bulk-sampling ongoing to prove potential and produce cash flow,

150,000 tn stockpile on-site containing est. 2200 oz Au,

On-site mill, gravity recovery, CN leach and elution, fire-assay lab.

Mill redesign and refurbishment planned to increase production,

Pilot gold production along 3 km Discovery Trend

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Fully Permitted & Producing Independencia Mine

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Notable conclusions:

Mill tailings (+/- 83,800 tonnes) grade is significantly higher than low grade run of mine dumps.

Recommended capital modifications to the existing process facility will be suitable for processing all in situ feed available in the area. Thus we will require only minor additions to the head of the process flow sheet as new material is processed.

Reprocessing existing mill tailings and low grade mine dumps will require minimal capital expenditure

Recommended process changes include, de-sliming, reconfiguration of the existing gravity circuit and modification to heap leach circuit to vat leach. Expected recoveries are expected to climb to 90%

Work was initiated on upgrading processing plant began in July 2016 and is expected to be completed by end of December 2016

Positive Independent Recovery Process Review

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Team from JT Boyd Company visited Paso Yobai in 2015 to review and refine mill process to improve recoveries.

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World-leading technology and execution,

Gradient IP has mapped weak sulphides at every surface gold target (typical of this deposit style),

High-resolution CSAMT* images from surface to 600m depth delineate dozens of structural targets below high-value surface gold zones.

New deep target zone detected below existing Discovery Zone drilling.

Project-wide Geophysics Reveals Conspicuous Targets Below Surface Gold Zones

*Controlled Source Audio-Frequency Magneto Telluric (CSAMT) surveying is a high-resolution geophysical technology, permitting 2D imaging of lithologies, geologic structures and direct imaging of silicified gold zones, from near surface to 600m depth or more.

Tacurú is the first target drilled on 14.8 km X-Mile Trend, open to depth, open laterally. Trench Sample – 3.8 gpt over 30.55 m All 12 diamond holes intersected mineralization. Drilled Intersections: - At 34m depth 94.6 gpt over 2.6 m - At 80m depth 107.7 gpt over 3.3 m

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14.8 km structural corridor All 12 initial drill holes intersected gold mineralization on 1500m x 2000m Tacurú Zone,

including 94.6 gpt over 2.6m at 34 m depth; 107.7 gpt over 3.3m at 80m, open at depth and laterally

Soil geochem, auger testing and trenching confirm gold at surface along full 14.8 km trend 5 high value anomalous zones identified – each 1 km to 4.5 km in extent Geophysics shows multiple new Tacurú structures ready for drilling in upper 150m - untested Drilling deeper, bonanza-grade potential feeder zones is a primary objective for this large

volume target All data confirms 4 additional drill ready gold zones along trend have conspicuous potential

Drill Ready: The X-Mile Trend Is District Scale

Tacurú gold target on X-Mile Trend: Sulphide occurrences (white, mapped with IP) are shown overlaid on 1 km x 1.5 km gold soil anomaly (upper perspective view). CSAMT resistivity imaging across the Tacurú target, plotted to 600m depth (upper section). Interpretation diagram showing Tacurú collapse structure and conceptual mineral targets.

2 km

Previous drilling to 115 m depth

Sulphide anomalies

Highest gold soil anomaly

Multiple potential vein targets

Evidence for pervasively altered core / high-value feeder zone

Major structural system and targets concentrated below surface gold values

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CSAMT targeting to 600 m depth

All Drill Holes Have Intersected Gold

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1. Implement recommendations from professional review of mining and beneficiation process by John T. Boyd Company with objective to improve gold recoveries >90%

2. Conduct auger program to identify additional saprolite mining targets within permitted area

3. Drill 10,000 meters to test targets at depth as recommended by Hennigh

4. Bring in JV partner to fully best explore & exploit the district size Paso Yobai Project

5. Option / spin-out Itapoty diamond property

Paso Yobai – The Path Forward

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A prolific diamond property – 78 diamonds recovered to date (champagne to clear white colours dominate), 11% of all samples contain diamonds (sizes range from 0.1 to 1 carats), Large 35 km x 25 km land position (56,000 ha), 100% ownership.

Diamonds and Kimberlite Indicator Minerals

Itapoty Diamond Project

Management

Basil Botha, MBA , Chairman and CEO

Cameron Tymstra, B.A.Sc. Chief Operating Officer

Miles Rideout, B.Sc. (Geophysics) VP Exploration

Juan Carlos Benitez, Lic. Geology – Paraguay Country Manager

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The Team

Board of Directors

Basil Botha – MBA Chairman and CEO

Greg Gibson – Director

Michael Hepworth - Director

Stephen Keith, P.Eng. – Director

Richard Patricio, LLB – Director

Special Advisor – Dr. Quinton Hennigh

Ticker: TSXV: LAT Closing Price (7th Nov, 2016): $0.265

Market Capitalization: $18.6 MM

52 Week Range: $0.10/$0.48

Shares outstanding: 68,774,091

Stock options 2,456,500 Warrants 56,574,160

Ownership:

Insiders (outstanding shares): ~4.6% Eric Sprott 37.3% Institutional shareholders: ~4.3% USD 600,000

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Capital Structure

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Contact Us:

Basil Botha Chairman & CEO T 604-602-9868 C 604-418-3856 E bbotha@alpharesmgt.com

Michael Hepworth Director C 416-419-5192 E mhepworth@alpharesmgt.com

The Controlled Source Audio-Frequency Magneto Tellurics (CSAMT) technique is used to map the apparent resistivity of the ground. It has much greater lateral resolution and depth penetration than ground EM but is only suited to areas where there is either a resistive overburden or a thin conductive overburden.

CSAMT can map the resistivity from 20m up to 2000m below the Earth's surface. The depth of penetration is dependant on the survey configuration, local geology, electrical noise and the resistivity contrasts.NS

The technique uses a grounded electrical dipole transmitter to produce frequencies between 0.125 and 8000 Hz. The magnitude and phase of the electrical and magnetic fields that result are measured between 500m to 15km away from the transmitter.

The apparent or Cargniard resistivity is calculated from the magnitude of the electrical and magnetic fields and the transmitted frequency.

The Cagniard Resistivity and frequency is used to calculate depth. Geological structures are modelled from the phase difference between the electrical and magnetic field.

Shallow information is contained in the high frequency transmissions whereas lower structures are determined from low frequency transmissions.

EQUIPMENT SPECIFICATIONS GPX Surveys uses Zonge Engineering equipment for CSAMT surveys. Click on the links for equipment

specifications. Transmitters

Zonge Engineering GGT-3, GGT-10 & GGT-30 Receiver Zonge Engineering GDP-32 © 2016 GPX Surveys PTY LTD Sitemap

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