Latin Metals Provides Spin-Out Transaction Update and Files Technical Report for Para Project Not for distribution to United States newswire services or for release, publication, distribution or dissemination directly, or indirectly, in whole or in part, in or into the United States. VANCOUVER, British Columbia, Dec. 18, 2025 (GLOBE NEWSWIRE) -- Latin Metals Inc. ("Latin Metals" or the "Company") - (TSXV: LMS, OTCQB: LMSQF), is pleased to announce that, further to the Company's news release dated December 9, 2025, it has obtained an interim order (the "Interim Order") of the Supreme Court of British Columbia in connection with the previously announced spin-out transaction (the "Spin-Out") of the Company's Para Copper Project (the "Para Project") and Auquis Copper Project (the "Auquis Project") into Latin Explore Inc., a wholly owned subsidiary of the Company ("Latin Explore"), which is to be completed by way of a court-approved plan of arrangement under the provisions of the Business Corporations Act (British Columbia) (the "Arrangement"). The Interim Order provides for the holding of a special meeting (the “Meeting”) of Latin Metals shareholders ("Shareholders") to consider and vote on, among other things, a special resolution approving the Arrangement (the "Arrangement Resolution"). Special Meeting of Shareholders The Meeting is scheduled to be held at 320 Granville Street, Suite 880, Vancouver, British Columbia, Canada on January 14, 2026, at 9:30 a.m. (Vancouver time) and the record date for determining Shareholders entitled to receive notice of and vote at the Meeting was fixed as at the close of business on December 8, 2025. Latin Metals will be mailing the management information circular of the Company (the "Circular"), letter of transmittal and related meeting materials (collectively, the “Meeting Materials”) to Shareholders. Shareholders are urged to carefully review all Meeting Materials as they contain important information concerning the Arrangement, the transactions contemplated in connection therewith and the rights and entitlements of Shareholders in relation thereto. The Meeting Materials will also be available under Latin Metals' profile on SEDAR+ at www.sedarplus.ca once and on the Company's website. As described in the Circular, in addition to the Arrangement Resolution Shareholders will also be asked at the Meeting to approve: (i) a share exchange among Latin Explore, 1559749 B.C. Ltd. ("Finco"), and the shareholders of Finco (the "Share Exchange") in accordance with and subject to the terms of a share exchange agreement to be entered into by Latin Explore, Finco and shareholders of Finco, pursuant to which, among other things, Latin Explore will acquire all of the issued and outstanding common shares of Finco from the Finco shareholders in exchange for shares of Latin Explore (the "Latin Explore Share Exchange Resolution"); and (ii) the implementation of an omnibus share incentive plan for Latin Explore, subject to regulatory approval (the "Latin Explore Incentive Plan Resolution"). In order to become effective, (a) the Arrangement Resolution will require the approval of at least: (i) two-thirds of the votes cast by Shareholders present in person or represented by proxy and entitled to vote at the Meeting; and (ii) a simple majority of the votes cast by Shareholders present in person or represented by proxy and entitled to vote at the Meeting, excluding votes cast by persons required to be excluded by Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions, (b) the Latin Explore Share Exchange Resolution will require the approval of at least a simple majority of the votes cast by Shareholders present in person or represented by proxy and entitled to vote at the Meeting, excluding votes cast by persons required to be excluded by the corporate finance policies of the TSX Venture Exchange (the "TSXV"), and (c) the Latin Explore Incentive Plan Resolution will require the approval of at least a simple majority of the votes cast by Shareholders present in person or represented by proxy and entitled to vote at the Meeting. The Board of Directors of Latin Metals has unanimously recommended that Shareholders vote FOR the Arrangement Resolution, the Latin Explore Share Exchange Resolution and the Latin Explore Incentive Plan Resolution. The completion of the Share Exchange is a condition to the completion of the Arrangement. Accordingly, if the Latin Explore Share Exchange Resolution is not approved by Shareholders at the Meeting, the Arrangement cannot be completed in accordance with its terms. Investors are cautioned that, except as disclosed in the Circular prepared in connection with the Arrangement, any information released or received with respect to the Arrangement may not be accurate or complete and should not be relied upon. Shareholders are encouraged to read the Circular in detail. In addition to shareholder and court approvals, the Arrangement