July 21, 2008
Latin American Minerals Stakes Potash Projects in Puna Region, Argentina
Latin American Minerals Inc. (TSX VENTURE: LAT) (the "Company") announces it that it has staked three potash projects in the Puna region of northwestern Argentina known for its surface evaporite deposits containing potash, lithium, borax and other minerals.
The Company has a 100% interest in approximately 100,000 hectares in the Puna region, which hosts several producing surface potash, lithium and borax mines.The properties occur in an ideal geologic environment for the formation of potash deposits, not only on surface but also at depth as a result of the evolution of the individual evaporite basins in the region.
David Wahl, President & CEO of Latin American Minerals, said, "We are very excited about the excellent exploration potential of our Puna projects. Given the surface nature of the mineralization and proven process technology, we believe these projects can be fast tracked through exploration and, if warranted, into production, to meet the immediate and growing world demand for potash."
Dr. Waldo Perez is the Company's internal "Qualified Person" under the requirements of National Instrument 43-101 and is responsible for this press release.
LAT 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 Argentina and 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 obligations, to update forward-looking statements, whether as a result of new information, future events or otherwise except as required by applicable securities law. Readers should not place undue reliance on forward-looking statements.
The TSXV has not reviewed and does not accept responsibility for the adequacy or the accuracy of this release.
Contacts: Latin American Minerals Inc. David Wahl (416) 363-0841 Website: www.latinamericanminerals.com
SOURCE: Latin American Minerals Inc.