LAT Latin American Minerals Inc

Latin American Minerals Inc. (TSX VENTURE:LAT)(OTCQX:LATNF) (the "Company")
announces a second drill campaign at the Tacuru gold target on the Company's
100%-owned X-Mile Trend property. This prospect is part of the Company's Paso
Yobai Gold Project, located 160 km east of Asuncion in Paraguay. The company
also announces the commencement of a second operating shift at the Independencia
Mine pilot plant, which also forms part of the Paso Yobai Gold Project.


On March 6, the Company announced assay results from the first five diamond
drill holes located at the Tacuru gold target located on the X-Mile Trend
(previously the 'New Trend'). A highlight of the published assay results was
4.09 gpt gold over a 25.5 metre intersection in drill-hole DDH-LAT-BT-02. The
first drill campaign revealed a new mineralization style characterised by
high-grade fine gold disseminated in sandstones. The Company resumed drilling on
May 8, 2012 following new trenching at the site. This second programme is
designed to delineate mineralization along the trend by drilling at nominal
step-out intervals of 40 m.


Miles Rideout, President and CEO of the Company commented on recent events "We
are eager for this second round of drilling at Tacuru after the excellent
initial results. The new style of Tacuru mineralization adds to our geological
insight, information we'll continue to exploit in future targeting. We are also
pleased that the pilot plant is now routinely exceeding 90% of the designed
capacity of 5 tonnes per hour. We have observed a steady improvement in
production as our plant technicians have learned to optimise flow rates and
process cycles. With the plant operation well in hand, we have prepared a second
operating shift for the concentrator plant. This speeds our development and any
net revenues realized from these operations will subsidize continued drilling at
our pending gold targets."


The second operating shift at the Company's Independencia Mine concentrator
facility became effective on May 9, 2012. By open-pit excavation to 20 metres
depth along the Discovery Trend, the Company expects to expose and bulk sample
the gold-mineralized lenses and ore shoots, part of an ongoing effort to develop
a comprehensive resource on this geologic trend that measures more than 4.5 km
length. Mineralization recovered in this excavation will be processed at the
pilot plant using gravitational concentrators and smelted into gold dore. The
Company expects that any net revenues from the sales of gold dore bars will help
finance ongoing work and site development.


About the Paso Yobai Gold Project:

The Company's Independencia Mine is a step towards developing the fully
permitted Minera Guaira mining concession, part of the Company's larger Paso
Yobai Gold Project. The objective of the Independencia Mine Pilot Plant is to
facilitate resource evaluation through bulk-sampling on the Discovery Trend,
which is characterised by coarse gold mineralization extending from surface to
greater than 100m depth. 


The Paso Yobai Project X-Mile Trend is located on newer prospecting licenses
contiguous with the mining concession. To date the X-Mile Trend, located 3.5 km
northeast of the Discovery Trend, has been delineated over approximately 14.8 km
extent. The results of the Company's 2011 geologic and geophysical work suggest
that bulk tonnage mineral potential could exist at several target zones along
this extensive structure. The Company is focusing 2012 exploration on these
targets. 


About the Company: 

Latin American Minerals Inc. is a well-financed mineral exploration company
engaged in the acquisition and development of mineral projects in highly
prospective countries of South America. In addition to the Paso Yobai Gold
Project, the Company's Itapoty Diamond Project and Chiriguelo REE/Niobium
Project are also located in Paraguay. 


Dr. Waldo Perez is the Company's internal "Qualified Person" under the
requirements of National Instrument 43-101 and has approved this press release. 


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.

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