Latin American Announces Effective Date of Consolidation

TORONTO, ON - Latin American Minerals Inc. reported that the consolidation of the common shares of the Company on the basis of one (1) post-consolidation Common Share for every ten (10) pre-consolidation Common Shares, effective on December 31, 2015. The Company has received final acceptance by the TSX Venture Exchange (TSVX) to effect the Consolidation. The post-Consolidation Common Shares are expected to begin trading on the TSXV at the opening of market on December 31, 2015, under the existing stock symbol "LAT". A new CUSIP number has been obtained to replace the previous CUSIP number in order to distinguish the pre-Consolidation Common Shares and the post-Consolidation Common Shares.

Following the Consolidation, the Company will have approximately 11,647,150 Common Shares outstanding. The change in the number of issued and outstanding Common Shares resulting from the Consolidation will not materially affect any shareholder's percentage ownership in the Company, although such ownership will be represented by a smaller number of Common Shares.