JUNE 2019Esperanza Project

TSX.V: LMS | OTCQB: LMSQF www.latin-metals.com

TSX.V: LMS | www.latin-metals.com2

Forward Looking and Cautionary Statements This presentation contains forward-looking statements and forward-looking information (collectively, “forward-looking statements”) within the meaning of applicable Canadian and U.S.securities legislation, including the United States Private Securities Litigation Reform Act of 1995 concerning the business, operations and financial performance and condition of Latin Metals Inc. (the "Company"). All statements,other than statements of historical fact, included herein including, without limitation, statements regarding future capital expenditures and financings (including the amount and nature thereof), anticipated content, commencement,and cost of exploration programs in respect of the Company's projects and mineral properties, anticipated exploration program results from exploration activities, the discovery and delineation of mineral deposits, resources and/orreserves on the Company's projects and mineral properties, and the anticipated business plans and timing of future activities of the Company, are forward-looking statements. Although the Company believes that such statementsare reasonable, it can give no assurance that such expectations will prove to be correct. Often, but not always, forward looking information can be identified by words such as “pro forma”, “plans”, “expects”, “may”, “should”,“budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, “believes”, “potential” or variations of such words including negative variations thereof, and phrases that refer to certain actions, events or results that may,could, would, might or will occur or be taken or achieved. Forward looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of theCompany to differ materially from any future results, performance or achievements expressed or implied by the forward looking information. Such risks and other factors include, among others, the ability of the Company to obtainsufficient financing to fund its business activities and plans, operating and technical difficulties in connection with mineral exploration and development and mine development activities for Company's projects generally, includingthe geological mapping, prospecting and sampling programs for the Company's projects, actual results of exploration activities, including the estimation or realization of mineral reserves and mineral resources, the timing andamount of estimated future production, costs of production, capital expenditures, the costs and timing of the development of new deposits, the availability of a sufficient supply of water and other materials, requirements foradditional capital, future prices of precious metals, tantalum and lithium, changes in general economic conditions, changes in the financial markets and in the demand and market price for commodities, possible variations in oregrade or recovery rates, possible failures of plants, equipment or processes to operate as anticipated, accidents, labour disputes and other risks of the mining industry, delays in obtaining governmental and regulatory approvals(including of the TSX Venture Exchange), permits or financing or in the completion of development or construction activities, changes in laws, regulations and policies affecting mining operations, hedging practices, currencyfluctuations, title disputes or claims limitations on insurance coverage and the timing and possible outcome of pending litigation, environmental issues and liabilities, risks related to joint venture operations, and risks related to theintegration of acquisitions, as well as those factors discussed under the heading “Risk Factors” in the Company’s most recent annual management’s discussion and analysis and other filings of the Company with the CanadianSecurities Authorities, copies of which can be found under the Company's profile on the SEDAR website at www.sedar.com. Readers are cautioned not to place undue reliance on forward-looking statements. The Companyundertakes no obligation to update any of the forward looking information in this presentation or incorporated by reference herein, except as otherwise required by law.

National Instrument 43-101 Keith Henderson, the President, CEO and Director of the Company, and a Qualified Person as defined by National Instrument 43-101, has approved the scientific and technical information concerning theCompany discussed in this presentation

Cautionary Note to United States Investors As a Canadian issuer, the Company is permitted to prepare its public disclosures and this presentation in accordance with Canadian securities laws, which differ in certain respects fromU.S. securities laws. In particular, this presentation uses the terms “mineral resource”, “measured mineral resource”, “indicated mineral resource” and “inferred mineral resource”. While these terms are recognized and required byCanadian securities laws, they are not recognized by the United States Securities and Exchange Commission (“SEC”) and are not normally permitted to be disclosed in SEC filings by U.S. companies. U.S. investors are cautioned not toassume that any part of a “mineral resource”, “measured mineral resource”, “indicated mineral resource” or an “inferred mineral resource” will ever be converted into a “reserve”. In addition, “reserves” reported by the Companyunder Canadian standards may not qualify as reserves under SEC standards. Under SEC standards, mineralization may not be classified as a “reserve” unless the mineralization can be economically and legally extracted or produced atthe time the “reserve” determination is made. Accordingly, information contained or referenced in this presentation containing descriptions of the Company’s mineral deposits may not be compatible to similar information madepublic by U.S. companies subject to the reporting and disclosure requirements of U.S. federal securities laws, rules and regulations. “Inferred mineral resources” have a great amount of uncertainty as to their existence and greatuncertainty as to their economic and legal feasibility. It cannot be assumed that all or any part of an inferred mineral resource will ever be upgraded to a higher category. Historical results or feasibility models presented herein arenot guarantees or expectations of future performance.

Currency All amounts in this presentation are expressed in Canadian dollars, unless otherwise stated.

THIS PRESENTATION IS NOT INTENDED AS, AND DOES NOT CONSTITUTE, AN OFFER TO SELL SECURITIES OF THE COMPANY.

The TSX Venture Exchange has not reviewed and do not accept responsibility for the accuracy or adequacy of this presentation, which has been prepared by the Company.

Forward-Looking and Cautionary Statements

http://www.sedar.com/

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Project Focus

Esperanza Copper-Gold Project

Esperanza Project Summary

Commodity Copper-Gold

Ownership 100% Option (subject to 2% NSR Royalty)

Deposit Type Porphyry Copper-Gold and Epithermal Gold

Land Area 500 hectares

Province San Juan

Infrastructure accessible by road, 35km from power line

Elevation Moderate; 2,800m to 3,250m

NI 43-101 March 6, 2017 Technical Report

Drilling 8,500m Diamond Drilling

Status Seeking Joint Venture Partner

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Esperanza Project

Copper-Gold Discovery

Copper-gold porphyry mineralization – at surface

• Alteration and mineralization mapped at surface• Pyrite halo extending over 1,400m x 850m indicates

potential for large mineralized system• Best intersection to date (from surface):

387m @ 0.57% copper & 0.27g/t gold

Growth potential for the project

• All drill holes to date intersected significant copper-gold mineralization

• Most drill holes terminated in mineralization• Increasing grade with depth in several holes• System open at depth and in all directions

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Esperanza Project

Photographs

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Esperanza Project

East-West Cross Section

East-West Cross Section• Strong exploration vector towards west• Exclusively sulphide mineralization• Potential for additional mineralization to the

west under shallow cover (30-70m)• All holes open at depth

Copper equivalent = Copper grade % + (0.795 x gold grade g/t), assuming

copper price of $2.20/lb and gold price of $1,200/oz and assuming

100% recovery.

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Esperanza Project

North-South Cross SectionNORTH SOUTH

North-South Cross Section

• Northern target area open. Previous drill holes 010 and 011 were abandoned and did not test target

• All drill holes open at depth• Potential to expand mineralization

Copper equivalent = Copper grade % + (0.795 x gold grade g/t), assuming

copper price of $2.20/lb and gold price of $1,200/oz and assuming

100% recovery.

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Esperanza Project

Mineralization in Drill Core

A) Disseminated chalcopyrite-pyrite in monzodiorite. B) Disseminated chalcopyrite-pyrite in monzodiorite with strong potassic alteration of groundmass. C) Strong potassic alteration and mineralized equigranular monzodiorite with preservation of primary textures, mafics are totally replaced

by shreddy biotite vut by mircro-veinlet with chalcopyrite-pyrite mineralzation. D) veinlets of sub equal chalcopyrite and pyrite in biotite altered andesite. E) Andesite with abundant pyrite and biotite alteration. F) Microgabbro with abundant pyrite, mafics altered to chalcopyrite and biotite.

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Drill Hole 18-ESP-025

Comparison with Global Copper Projects

Q1 2018 Ranking1

Company ProjectCopper

(%)Drill Intersection

(m)Copper (%) x

(m) ThicknessDepth to Top

of IntersectionLocation

1 Nevsun Resources Timok 0.77 847 652 1354 Serbia2 SolGold Cascabel 0.54 824 445 736 Ecuador

#3 Centenera Mining Esperanza 0.57 387 221 surface Argentina4 Orion Minerals Prieska 2.39 81.6 195 152 South Africa5 Orla Mining Cerro Quema 1.54 124.5 192 75 Panama6 Xanadu Mines Kharmgtai 0.26 623.5 162 324 Mongolia7 Sierra Metals Yauricocha 1.48 99 147 337 Peru8 Venturex Resources Sulphur Springs 3.64 40 146 158 Australia9 Surge Copper Ootsa 0.27 537 145 350 BC, Canada

10 Ero Copper MCSA Mining Complex 6.3 22.9 144 158 Brasil

Comparison of Esperanza 18-ESP-025 drill results with global top 10 copper drill intersections, Q1 2018. Drill hole 18-ESP-025 would be ranked #3. Ranking is achieved by multiplying copper % by intersection meters. Note that the ranking is of projects where copper is the primary commodity and does not take account of other commodity credits. Esperanza has significant gold credits.

Perhaps more notable, Esperanza mineralization is from surface.

Drill Hole Azimuth DipFrom (m)

To (m)

Interval (m) 1

Copper (%)

Gold (g/t)

Copper Equivalent

(%)2

18-ESP-025

280 -67 0 387 387 0.57 0.27 0.78

including 0 368 368 0.59 0.28 0.81

including 0 232 232 0.74 0.33 1.00

Note 1. True width is not known Note 2. Copper equivalent = Copper grade % + (0.795 x gold grade g/t), assuming copper price of $2.20/lb

and gold price of $1,200/oz and assuming 100% recovery.

Sheet1

Q1 2018 Ranking1CompanyProjectCopper (%)Drill Intersection (m)Copper (%) x (m) ThicknessDepth to Top of IntersectionLocationCopperGoldCopper Equiv %intersection mcopper equiv % x thickness m

1Nevsun ResourcesTimok0.778476521354SerbiaTSXNevsun ResourcesTimok0.770.150.89847753

2SolGoldCascabel0.54824445736EcuadorSolGoldCascabel0.540.54824445

#3Centenera MiningEsperanza0.57387221surfaceArgentina

4Orion MineralsPrieska2.3981.6195152South AfricaTeuton ResourcesTreaty Creek60.766.6033.6222

5Orla MiningCerro Quema1.54124.519275PanamaASXOrion MineralsPrieska2.392.3981.6195

6Xanadu MinesKharmgtai0.26623.5162324MongoliaOrla MiningCerro Quema1.541.54124.5192

7Sierra MetalsYauricocha1.4899147337PeruXanadu MinesKharmgtai0.260.26623.5162

8Venturex ResourcesSulphur Springs3.6440146158AustraliaSierra MetalsYauricocha1.481.4899147

9Surge CopperOotsa0.27537145350BC, CanadaVenturex resourcesSulphur Springs3.643.6440146

10Ero CopperMCSA Mining Complex6.322.9144158BrasilSurge CopperOotsa0.270.27537145

Ero CopperMCSA Mining Complex6.36.3022.9144

Centenera MiningEsperanza0.5703387221surfaceArgentina0.00

Centenera MiningEsperanza0.83870

teuton

33.6

0.766

solgold

Hole 33-D1: 604m @ 0.73%CuEq, incl. 146m @ 1.71% CuEq, and 106m @ 2.13% CuEq;

1

2

3

A

B

Q1 2018

Ranking

1

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Esperanza Project

Copper Projects In Argentina

Significant Copper Projects in Argentina• There are only 11 significant copper projects in

Argentina.• All are located in northwest Argentina (San Juan,

Catamarca and San Juan Provinces).• 1 of these projects is an operating mine• 9 are advanced projects in the hands of mid-tier

to major mining companies• Esperanza stands alone as a high-potential

copper project controlled by a junior exploration company.

TSX.V: LMS | www.latin-metals.com11

Esperanza Project

Option Payments & Strategy

Option to acquire 100% interest

• Option to earn 100% interest for cash payments of US$2.3M over 6 years and issuance of US$0.5M LMS shares

• No payments schedule for 24 months from June 2019*

• 100% interest subject to 2% NSR• Right to buy 0.5% for US$1M cash

• Seeking Joint Venture Partner

* Payment of US$150,000 due on commencement of exploration drilling, if such drilling occurs before June 15, 2021. In such event, the $300,000 payment due June 15, 2021 is reduced to $150,000.

Date US$ Cash Payment LMS Shares Value

Effective Date $80,000 (paid) -

Dec 15, 2017 $83,000 (paid) -

June 15, 2018 $45,000 (paid) -

Sept 20, 2018 $10,000 (paid) -

Oct 2, 2018 $10,000 (paid) -

Oct 30, 2018 $25,000 (paid) -

June 25, 2019* $150,000 (paid) -

June 15, 2021 $300,000 -

Dec 15, 2021 $500,000 $500,000

Dec 15, 2022 $1,103,000 $500,000

Latin Metals Inc.2300 – 1177 West Hastings StreetVancouver, BC Canada V6E 2K3

604.638.3456 | info@latinmetals.ca

TSX.V: LMS | OTCQB: LMSQFwww.latin-metals.ca

Slide Number 1Forward-Looking and Cautionary StatementsEsperanza Copper-Gold ProjectCopper-Gold DiscoveryPhotographsEast-West Cross SectionNorth-South Cross SectionMineralization in Drill CoreComparison with Global Copper ProjectsCopper Projects In ArgentinaOption Payments & StrategySlide Number 12