Latin Resources has appointed Peter Oliver as Executive Director and Chairman of the Development Committee, with immediate effect to proactively accelerate the Salina's Lithium Project into production. Mr. Oliver, who has been serving as a Non-Executive Director to the Board since October 2022, brings a wealth of experience and expertise to Latin Resources. With over two decades of experience in the lithium industry, Mr. Oliver's leadership roles have encompassed global mergers and acquisitions, financing, and managing mining operations.

Most notably, he served as Chief Executive Officer /Managing Director of Talison Lithium, the owner and operator of the lithium mine, Greenbushes, in Western Australia. Mr. Oliver's background in Chemistry and extensive experience in the Western Australian Mining industry have been pivotal to his success. During his tenure at Talison, he held various key positions, including General Manager of Wodgina and Greenbushes, Chief Operating Officer, and Chief Executive Officer/Managing Director.

Under his leadership, Talison Lithium experienced significant growth, including a successful IPO process that led to its listing on the Toronto Stock Exchange, substantial expansions, and eventual acquisition by Tianqi Lithium. As an advisor to Tianqi Lithium from 2013 until March 2022, Mr. Oliver played a crucial role in overseeing substantial expansions in Greenbushes lithium concentrate production capacity, and the establishment of Tianqi Lithium's Kwinana Lithium Hydroxide plant. Until June 2021, Mr. Oliver remained a Non-Executive Director of Talison Lithium, a joint venture between Tianqi Lithium and Albemarle Corp.

Mr. Oliver's extensive skill set in the lithium sector, coupled with his experience in leading corporate teams, managing public companies, and acting in advisory capacities for corporate structures, global mergers and acquisitions, and financing, will significantly strengthen Latin's position to become a global Tier one lithium producer. His appointment reflects Latin Resources' commitment to driving the next phase of growth, focusing on advancing the Salinas Lithium Project in Brazil.