LAT Latin American Minerals Inc

Latin American Minerals Inc. (TSX VENTURE:LAT)(OTCQX:LATNF) (the "Company")
announces advances at the Paso Yobai Gold Project, located in Paraguay. News
highlights: 




--  Pilot plant construction now completed at Paso Yobai, operation to begin
    in January 2012; 
--  Drilling re-commences on Paso Yobai Discovery Trend, on northern
    extension targets; 
--  3.8 g/t average over 30.5 metres in initial trench on Paso Yobai 'New
    Trend' target. 



The construction of the 100-ton per day gold-extraction pilot plant on the
approximately 4.5 km length Discovery Trend is now completed, with plant trials
begun this week. Bulk sampling operations will begin by mid-January, 2012. The
initial bulk sampling pit (300m length x 20m depth) has been designed for the
centre of the Discovery Zone. Pit construction including mineral stockpiling
began in November, 2011.


Exploration continues at the Paso Yobai Project to develop gold resources on two
separate mineral trends. Diamond drilling has commenced on the northern arm of
the Discovery Trend, to follow up multiple large mechanical trenches excavated
and sampled earlier this year. Approximately 500m of new drilling will be
completed before halting for Christmas.


On the New Trend, which is located 3.5 km northeast of the Discovery Trend, two
large trenches were excavated on one of the gold soils targets that define the
trend. The channel sample assay results presented in Figure 1 (and at
www.latinamericanminerals.com) are from Trench TRT-1 at the Tacuru Target on the
New Trend. These results demonstrate extensive and pervasive mineralization of
diabase and sandstone host units with significant gold grades, which taken as a
total across the extent of the trench represent an average grade of 3.8g/t over
30.55m. The assay results from Trench TRT-2 are not yet available, but visible
gold was observed in some samples. The Company is currently processing a drill
permit for the property, which is still in its first year prospecting licence
under the Paraguayan mining code. 


Miles Rideout, President and CEO of Latin American Minerals stated, "The
completion of the pilot plant is a major achievement for the Company, and for
the development of Paraguay's mineral wealth. LAT's pilot-plant sampling
operations will represent the first formal gold production in the history of
Paraguay, The plant uses a sophisticated ultra-centrifugal gravity system for
the gold recovery process, without requiring any chemicals. The excellent
results from this year's exploration programme suggest that we may be outlining
a major new epithermal gold system reflective of Paraguay's great mineral
potential." 


To view Figure 1 - Diagram of Channel Sample Assay Results from trench TRT-1 on
the New Trend at Paso Yobai, also shown at www.latinamericanminerals.com, please
visit the following link: http://media3.marketwire.com/docs/Channel_Sample.pdf. 



About the Paso Yobai Gold Project:

The Company is developing the Discovery Trend Pilot Plant operation on the 70%
owned Minera Guaira mining concession, part of the Company's larger Paso Yobai
Gold Project. The objective of the Pilot Plant is to facilitate resource
evaluation the Discovery Trend, which is characterised by coarse gold
mineralization extending from surface to greater than 100m depth. The course
granular gold typical of the Discovery Trend complicates conventional resource
estimation by diamond drilling due to the small sample volume extracted in
exploration holes.


The Company's strategy to develop the Discovery Trend target is to detect and
delineate mineral shoots by trenching and diamond drilling, then to verify the
grades of these zones by bulk sampling. The Discovery Trend Pilot Plant will
allow the Company to expand these operations to a commercial scale in order to
accelerate the development of a resource. 


The New Trend is located on concessions that are 100% owned by the Company. The
New Trend, approximately 14.8 km in length, and located 3.5 km northeast of the
Discovery Trend is an extensive, as yet undrilled target area. The results of
the Company's 2011 work to define drill targets suggest that bulk tonnage
potential could exist at several target zones along this elongated structure.
The Company plans to focus 2012 exploration on these targets.


About the Company:

Latin American Minerals Inc. is a well-financed mineral exploration company
focused on the acquisition and development of base mineral projects in highly
prospective countries of South America. In addition to the Paso Yobai Gold
Project, the Company's Itapoty Diamond Project and Chiriguelo REE/Niobium
Project are also located in Paraguay.


Sampling and Analytical Protocols: The sampling and analytical protocols were
established, implemented and supervised by, or under the direction of, Dr. Waldo
Perez, the Company's internal Qualified Person as defined by National Instrument
43-101. Trench TRT-1 was sampled at 10m depth below surface, employing a
continuous horizontal channel-sample method, and regularly spaced vertical
channels. The sample channel is intended to approximate the size of core
acquired during HQ drilling. Individual samples varied in length from
approximately 2 m, to approximately 0.5 m in areas of high interest, such as in
areas displaying mineralized veinlets. The samples were prepared by the
Company's trained technicians by drying, crushing, milling and quartering to
200g, then were delivered by bonded courier to Alex Stewart Argentina S.A.
(ASA), with certified laboratory facilities in Mendoza, Argentina. The samples
were analyzed by ASA using a fire assay/atomic absorption process (process code
AU4-50).


The statements made in this press release that are not historical facts contain
forward-looking information that involves risk and uncertainties. All
statements, other than statements of historical facts, which address Latin
American Minerals' expectations, should be considered forward-looking
statements. Such statements are based on management's exercise of business
judgment as well as assumptions made by and information currently available to
management. When used in this document, the words "may", "will", "anticipate",
"believe", "estimate", "expect", "intend" and words of similar import, are
intended to identify any forward-looking statements. You should not place undue
reliance on these forward-looking statements. These statements reflect our
current view of future events and are subject to certain risks and uncertainties
as contained in Latin American Minerals' filings with Canadian securities
regulatory authorities. Should one or more of these risks or uncertainties
materialize, or should underlying assumptions prove incorrect, our actual
results could differ materially from those anticipated in these forward-looking
statements. We undertake no obligation, and do not intend, to update, revise or
otherwise publicly release any revisions to these forward-looking statements to
reflect events or circumstances after the date hereof, or to reflect the
occurrence of any unanticipated events, unless required under applicable
securities laws. Although we believe that our expectations are based on
reasonable assumptions, we can give no assurance that our expectations will
materialize.

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