Latin Metals Reports High-Grade Gold & Silver Intercepts at Cerro Bayo, Argentina

VANCOUVER, British Columbia, May 21, 2026 (GLOBE NEWSWIRE) -- Latin Metals Inc. ( “Latin Metals” or the “Company” ) - (TSXV: LMS and OTCQB: LMSQF) is pleased to report initial drill results from the partner-funded Phase I drill program completed by Daura Gold Corp. (“Daura”) at the Cerro Bayo Project (“Cerro Bayo” or the “Project”) in Santa Cruz Province, Argentina. The initial 1,850-metre drill program successfully intersected multiple zones of gold and silver mineralization across several target areas, including high-grade intervals grading up to 8.83 g/t gold and 739 g/t silver . Results confirm the presence of a large, fertile low-sulphidation epithermal system within the Deseado Massif — one of the world’s premier silver-gold districts.

Importantly, drilling intersected broad zones of silver mineralization beginning at surface in multiple holes, highlighting the scale and strength of the hydrothermal system at Cerro Bayo. Near-surface mineralization of this nature may indicate potential for broader bulk-tonnage mineralized zones surrounding higher-grade feeder structures. Mineralization was intersected in multiple drill holes across several target areas during the first systematic drill campaign completed on the property, suggesting Cerro Bayo could potentially host a district-scale hydrothermal system.

Highlights Include: Drill Hole CBD26-001 16.35m @ 0.37 g/t gold and 88.96 g/t silver from 28.85m ( 1.72 g/t gold equivalent ), including 3.60m @ 1.43 g/t gold and 321.7 g/t silver (6.3 g/t gold equivalent) Drill Hole CBD26-005 15.00m @ 0.07 g/t gold and 120.8 g/t silver from 58.7m ( 1.90 g/t gold equivalent ), including 2.00m @ 0.11 g/t gold and 427.4 g/t silver (6.6 g/t gold equivalent), and 1.70m @ 0.16 g/t gold and 120.72 g/t silver (2.0 g/t gol