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LATIN RESOURCES 31 March 2021 LIMITED LATIN RESOURCES LIMITED ACN : 131 405 144 Unit 3 , 32 Harrogate Street , West Leederville , Western Australia 6008 P 08 6117 4798 E info@latinresources.com.au Lodgement of Audited Annual Report Latin Resources Limited ( " Latin " or " the Company " ) is very pleased to advise of very positive results for the year ended 31 December 2020 highlighted as follows : • The consolidated profit after tax of the Group for the year ended 31 December 2020 was $ 3.5 million ( 2019 : loss of $ 5.5 million ) . • The net assets of the Group have increased to $ 11 million ( 2019 : net assets deficiency of $ 736,824 ) . The Group has a strong cash position of $ 4.5 million at 31 December 2020 ( 2019 : $ 733,282 ) which subsequently has been further bolstered from the proceed of the exercise of LRSOC options by option holders to date . The Company is now debt free and in a very healthy financial position and looks forward to progressing its projects in 2021 to the next level of development . For further information please contact : Chris Gale Executive Director Latin Resources Limited +61 8 6117 4798 info@latinresources.com.au www.latinresources.com.au Sarah Smith Company Secretary Latin Resources Limited +61 8 6117 4798 LATIN RESOURCES LIMITED