Latin American Minerals Significantly Extends the Paso Yobai Discovery Trend Northward by Trenching and Drilling

Latin American Minerals Inc. (TSX VENTURE:LAT)(OTCQX:LATNF) (the "Company")
announces positive gold results from trenching and drilling along the northern
extension of the Discovery Trend of its Paso Yobai gold project in Paraguay. The
Company's Independencia Mine pilot operation, located in the central Discovery
Zone sector of the Discovery Trend, shipped its first gold bar last week (Press
Release August 29, 2012).


Miles Rideout, President and CEO of the Company stated: "These new results from
the Discovery Trend program significantly expand the near-surface gold
mineralization northward from the Independencia Mine open pit. These data will
be used to plan northward pit extensions for bulk testing and to schedule
further exploration northward to cover the entire Discovery Trend. We are also
working in two other exploration areas of the project. The Paso Yobai epithermal
gold system has an impressive footprint and it continues to grow as we explore."


Discovery Trend - North Arm Target

The initially discovered "Discovery Trend" is one of several large
gold-mineralized structures on the 60 square-km Paso Yobai property. It is
delineated by a soil anomaly 6 km long and 200 m wide, with gold values ranging
from 76 to 1065 ppb. The Company recently commenced commercial scale bulk
sampling operations at the Independencia Mine located in the central Discovery
Zone, as part of a program to expose and quantify this extensive mineralized
feature.


In order to continue development of the Discovery Trend formation, the Company
collected 660 soil samples over the northern arm of the Discovery Trend target.
265 of these samples showed elevated gold values ranging from 20 to 957 ppb, and
averaging 65 ppb gold. The Company subsequently excavated 6 trenches, which were
distributed over 1000 metres of the Northern Arm target. The trenches were
excavated to 10 m depth, exposing mineralized saprolite rock for mapping and
sampling. The most important results from sampling within the trenches are:




--  Trench 20: 1.0 m with 2.22 gpt gold; 
--  Trench 21: 1.3 m with 0.92 gold; 
--  Trench 22: 1.0 m with 1.9 gpt gold; 
--  Trench 23: 1.0 m with 6 gpt gold, 1m with 7.6 gpt and 1.37 m with 2.32
    gpt gold; 
--  Trench 24: 1.0 m with 2.89 gpt gold; 
--  Trench 25: 1.7 m with 49.43 gpt gold.



These results imply a continuous gold bearing structure occurring near surface
over 1000 m extent of the trend, extending northwest from the more intensively
explored Discovery Zone. The most distant trench is located 2100 metres
northwest of the Mina Independencia open pit. (See map entitled "Paso Yobai
Discovery Trend Exploration Figure - Sept 2012", posted with this new release on
www.latinamericanminerals.com.)


The work program continued with six initial diamond drill holes below these
trenches. The most significant gold intersections are:




--  DDH 65: 0.45 m with 1.31 gpt gold (true width 0.31 m); 
--  DDH 67: 0.7 m with 18.83 gpt gold (true width 0.54 m); 
--  DDH 68: 0.65 m with 3.51 gpt gold (true width 0.35 m) and 0.60 with 1.29
    gpt gold (true width 0.33 m).



The northernmost of these drill holes (DDH-65) is located 1600m north of the
Independencia Mine pit. These drill intersections confirm that the mineralized
structure continues to the northwest from the Independencia Mine pit, through
this sector. The mineral trend remains open to the northwest and to depth.


To view "Paso Yobai Discovery Trend Exploration Figure - Sept 2012," please
visit the following link:
http://media3.marketwire.com/docs/paso_yobai_discovery_fig01_sept10.pdf


About the Paso Yobai Gold Project:

The Paso Yobai Project is a 15,551 hectare exploration and mining property with
multiple gold showings evident at surface. The Company's ongoing exploration
continues to outline and validate epithermal gold mineralization on the
project's Discovery Trend, on the 14.8 km X-Mile Trend and on out-lying targets.


The Company is operating the Independencia Mine Pilot Plant on the Company's
99%-owned, permitted mining concession, part of the Company's larger Paso Yobai
Gold Project.


About the Company:

Latin American Minerals Inc. is a mineral exploration company whose core
projects include the Company's Independencia Mine and satellite targets in the
new Paso Yobai gold district. The Company also holds diamond, REE, 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 and has approved this press release.


Sampling and Analytical Protocols:

The sampling and analytical protocols were established, implemented and
supervised by or under the direction of Dr. Waldo Perez, the Company's internal
Qualified Person as defined by National Instrument 43-101. At the drill site,
the core was placed in core boxes and delivered to a secure field core
processing centre. The core was "split" using a diamond saw by experienced
exploration technicians and logged by professional geologists. The nominal
sample interval was approximately 1m, though locally the interval might be
increased to 2m or decreased to 0.5m, the interval being determined by the
logging geologists based on geologic indicators. Half of the core was left in
the core box as a permanent reference of the interval sampled and half of the
designated sample interval was delivered to the Company's sample preparation
facility, operated by Company technicians. The core samples were crushed, dried
and split. A portion of the split sample was tagged and archived as coarse
reject and the remaining portion ground to minus 200 mesh and shipped by bonded
courier to the Alex Stewart Argentina S.A. laboratory in Mendoza, Argentina. All
samples were assayed for gold and multi-elements by ICP. Gold was analyzed by
Fire Assay with Atomic Absorption finish using 50 gram sample. For the
multi-elements, the samples were dissolved in aqua regia and read in ICP-OES.
Accuracy of results is tested through the systematic inclusion of blanks,
duplicates and certified reference standards.


Metallic or Screen Fire Assays: Many exploration samples exhibit a pronounced
"nugget" effect due to the presence of particulate gold in coarse fragments. The
net result is a pronounced and unacceptable scatter in the gold analytical
results making it difficult to assess the true gold concentration. To improve
the analytical reproducibility a Metallic or "Screen" Assay is recommended. In
the screen fire assay the sample is crushed, 400gr of pulp is sieved and the
plus 100 micron (150 mesh) portion of the sample is screened out and assayed in
its entirety. The minus 100 micron (150 mesh) portion of the sample is
homogenized and a 50 gram fusion is used to determine its grade. Then the final
assay reported is the weighted average of both fractions, coarse and fine.


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.