Latin American Minerals Reports Positive Exploration Achievements at Paso Yobai Gold Project

Latin American Minerals Inc. (TSX VENTURE:LAT)(OTCQX:LATNF) (the "Company")
announces that it has filed its First Quarter 2013 Financial Statements and
Management's Discussion and Analysis (MD&A) on SEDAR.


The MD&A describes the recent activity at the Independencia Mine bulk-sampling
operation at the Paso Yobai gold project in Paraguay, where Discovery Trend
mineralization has now been continuously exposed over a 375 m strike length. The
operation allows intensive mineral sampling from surface to 20 m depth, verified
by bulk-sample processing. The proceeds generated from the bulk-sampling
facility are reinvested to support the operation. Anticipated proceeds are
projected to cover all routine production and corporate overhead expenses before
the end of 2013.


The Company has also announced the initial findings of the geophysical surveys
being conducted over seven gold-mineralized target sectors at the Paso Yobai
project. A potential mineral target below 150 m depth has been detected parallel
to the Discovery Zone trend, and has been prioritized for drill testing. Eight
new discrete drill targets have been delineated over an area of 2000 m x 1500 m
at the Company's landmark Tacuru gold discovery, where gold was first drilled on
the 14.8 km X-Mile Trend, located 3.5 km east of the Discovery Trend. The
geophysical surveys are on-going at the project and are expected to produce
additional drill targets.


Miles Rideout, the Company's President and CEO stated: "The bulk-sampling
program is proving the Discovery Trend mineralization to be continuous along
strike, validating our drill data. The proceeds from the sales of gold dore
product are significant and assist the Company to operate effectively in this
challenging market. The geophysical surveys have revolutionized our
understanding of the project and will greatly facilitate follow-up drilling. Our
current focus is to complete target identification in the remaining sectors
using this new data."


Discovery Zone Exploration and Bulk Sampling

The Discovery Zone refers to 1200 m length of mineralization within the larger,
4.5 km long Discovery Trend feature which has been delineated by grid drilling
and trenching. The Independencia Mine Pilot Plant was constructed to allow
detailed mapping and bulk-sampling of ore from the Paso Yobai Discovery Trend.
Weathered mineralized rock is excavated from the open pit, permitting continuous
sampling along and across the mineral zone. Extracted ore is categorized and
stockpiled for eventual full commercial development. High-grade ore is processed
on site by gravity separation to confirm grades and recoveries and the recovered
gold is smelted into dore bars. This test production is sold to Johnson Matthey
refinery in Canada. The proceeds are used to finance operations and basic
exploration costs at Paso Yobai.


To date, the Company has produced 858 troy ounces of gold and 240 troy ounces of
silver, with a total proceeds from all dore sales of $ 1,409,006. The
accumulated gross sales for 2013 to date is $722,446 (for 458 troy ounces of
gold and 130 troy ounces of silver), compared to $686,560 gross sales (for 400
troy ounces of gold and 111 troy ounces of silver) for total 2012 production.
This trend of increasing gold sales is expected to continue as the Company
improves efficiencies at its bulk-sampling facility.


Geophysical Exploration on Discovery and X-Mile Gold Trends

From November 2012, the Company has executed an advanced geophysical exploration
program over the seven key gold mineralized areas of the Paso Yobai project. The
primary technology utilized is Controlled Source Audio-Magneto Tellurics (CSAMT)
providing high-resolution geological images to 600 metres depth. Geological
formations and target bodies can be detected directly from this data. More than
100 line-km of CSAMT has been executed to date. To supplement this work, induced
polarization (IP) surveys are being employed to delineate zones of disseminated
sulphide mineralization, assisting with identification and prioritization of
potential gold mineralized zones.


The initial survey results confirmed the geophysical response of the mineralized
Discovery Trend area and reconnoitered the Tacuru Block located on the X-Mile
Trend. These surveys have identified a deep linear geologic feature located east
of the mapped Discovery Trend mineralization, evident below 150 m depth. This
feature may represent the down-dip extension of the Discovery Trend mineral zone
or it may represent a parallel mineralized structure. This linear-form target
has been designated an important objective for future drill testing.


At the Tacuru Block, geophysical surveys have identified eight discrete drill
targets located within the mapped anomalous gold soils feature, and occupy an
area of 2000 x 1500 metres. Significantly, IP surveys have confirmed favorable
chargeability responses associated with several of these targets.


Geophysical ground work and data analysis continue on five additional gold soils
targets within the Paso Yobai exploration concession. The Company expects to
complete this targeting work by mid-year.


About the Company

Latin American Minerals Inc. is a mineral exploration company whose core
projects include the Company's fully permitted Independencia Mine, part of the
15,020 hectare Paso Yobai gold project. The Company is also exploring diamond,
niobium and base metals projects in South America.


Dr. Waldo Perez is the Company's internal "Qualified Person" under the
requirements of National Instrument 43-101.


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
such as the market price of gold and silver, bulk sampling productions rates,
mineralization grades and other factors associated with small scale bulk
sampling mining operations, as well as those risks and uncertainties 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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Latin American Minerals Inc.
Miles Rideout
President and CEO
(1-416) 363-0841 or (1-416) 902-8558
[e-mail]
www.latinamericanminerals.com