Latin American Minerals Grants Incentive Stock Options

• Press Release
• Source: Latin American Minerals Inc.
• On 8:00 pm EDT, Tuesday October 13, 2009

TORONTO, ONTARIO--(Marketwire - Oct. 13, 2009) - Latin American Minerals Inc. (TSX VENTURE:LAT - News; the "Corporation") announces the grant of new incentive stock options to acquire 1,070,000 common shares to certain directors, senior officers and employees of the Corporation and its subsidiaries having a term of five years and an exercise price of $0.22 per share. The options shall vest over a period of one year from the date of grant in four equal intervals and are otherwise subject to the terms of the Corporation's stock option plan.

Latin American Minerals Inc. is a mineral exploration company focused on the acquisition and development of mineral projects in under-explored but highly prospective countries of Latin America.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Ray Mitchell
Latin American Minerals Inc.
CFO
(416) 363-0841
www.latinamericanminerals.com