May 27th, 2016 – Toronto, Ontario – Latin American Minerals Inc. (TSXV: LAT) (the “Company” or “LAT”) today announced the appointment of Tim Lallas as CFO of the Company.
Mr. Lallas brings 20 years of experience in the mining industry. Having held roles in major producers with a focus on Latin America and is fluent in Spanish. His experience spans financial management and risk management in the precious metals sector. This is complemented by several years in the base metal sector as well. He is passionate about improving processes to increase shareholder value. His deep understanding of treasury, accounting, tax, debt and equity financing, in both large and small enterprises, is a distinct advantage. His knowledge of international settings and cultures, provides him unique insight in working with diverse groups to create effective, targeted teams.
Mr. Lallas said; “I am delighted to have the opportunity to work with the team at Latin American Minerals to use my financial skills and extensive contacts to develop this fully permitted, gold producing mine, into a world class mining district. The plans in place to upgrade and improve our processes at Paso Yobai, are exciting and present the whole LAT team with a great opportunity to build a world class project in a new and promising mining jurisdiction.”
The board of the company thanks Mr Julio Martinez for his many contributions to the Company over the last few years and wishes him every success in his future endeavours.
Mr. Lallas’ appointment is subject to Toronto Stock Exchange approval.
About the Company
Latin American Minerals Inc. is a mineral exploration and gold mining company with its core gold and diamond projects in Paraguay. The Company is currently expanding its Independencia Mine gold processing plant to encompass vat-leach gold recovery from mineralization extracted in open pit mining activities at its fully permitted mining concession.
Management has identified six gold zones for drill testing on the Company’s adjacent exploration claims, which are part of the Company’s 15,020 hectare Paso Yobai gold project.
For more information, please contact:
Basil Botha, CEO & Chairman
Vancouver: (1-604) 418-3856 or Toronto: (1-416) 363-0841
Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.