Latin Metals Receives US$250,000 Payment from Daura Gold

VANCOUVER, British Columbia, May 07, 2026 (GLOBE NEWSWIRE) -- Latin Metals Inc. (“Latin Metals” or the “Company”) - (TSXV: LMS and OTCQB: LMSQF) reports that it has received a US$250,000 cash payment from Daura Gold Corp. (“Daura”) consisting of US$150,000 payable to the underlying vendor (“Underlying Vendor”) of the Cerro Bayo and La Flora properties (the “Projects”) and US$100,000 payable to the Company. Under the terms of the option agreement, Daura may earn up to a 75% interest in the projects (80% with a top-up right) by completing staged exploration, including aggregate payments of US$1,700,000 (US$300,000 paid), aggregate payments of US$400,000 to the Underlying Vendor (US$250,000 paid), complete exploration work commitments including 28,000 metres of drilling (1,850 metres completed), and prepare and deliver to Latin Metals a report prepared in accordance with Form 43-101F1 on the Properties, addressed to Latin Metals and containing a mineral resource estimate on the Properties.