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Latin Resources Announces $6.0M Funding and Earn In Package to Advance Lithium Projects in Argentina

HIGHLIGHTS

• $2million plus additional $4million, 24 month Convertible Security Funding Agreement (CSFA).

• A fixed conversion price of $0.015 per share representing 100% premium to the company’s 5 day VWAP.

• An optional Project Equity Earn-In to Latins Lithium projects.

• Latin Resources can elect to pay back Convertible Note with cash at any time.

• Funds will be used to meet exploration, general corporate and working capital costs and to provide funding for Latin’s lithium and cobalt projects in Argentina.

Latin Resources Limited (ASX:LRS) (“Latin” or “the Company”) is very pleased to announce that a $6 million Convertible Security Funding Agreement (CSFA) with an optional equity earn-in to Latin’s Argentinean lithium projects has been executed with Lind Asset Management XII. LLC, an entity managed by The Lind Partners New York (“Lind”). The CSFA will provide a source of capital to enable the Company to pursue its program of project development and exploration across its portfolio of lithium and cobalt projects in Argentina.


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