Plata Latina Announces Corporate Update and Stock Option Grants

Vancouver, British Columbia--(Newsfile Corp. - August 5, 2016) - Plata Latina Minerals Corporation (TSXV: PLA) ("Plata Latina" or the "Company") announces that effective immediately Ms. Margaret Brodie has resigned as the Chief Financial Officer ("CFO") of the Company and accepted her appointment as Director to the Board. Ms. Patricia Fong has been appointed as the new CFO. Ms. Fong, CPA, CMA, has twenty years of experience in the mining industry overseeing projects in Canada, United States and Latin America and working with foreign investor groups. She is currently the CFO of two resources companies in Vancouver, B.C.

Gil Clausen, Chairman of the Board, stated, "We would like to thank Ms. Brodie for her hard work and years of contributions as the CFO to Plata Latina and welcome her to the Board as Director. Concurrently, we welcome Ms. Fong to the management team as CFO of the Company."

The Company also advises that it has granted an aggregate of 100,000 stock options to an officer and an employee of the Company. The options are exercisable at C$0.06 per share for a period of five years, expiring on August 1, 2021.

About Plata Latina Minerals

Plata Latina Minerals is a Canadian exploration company with a portfolio of four silver-gold properties situated in the prolific Mexican Silver Belt focused on discovering new silver-gold vein districts. Plata Latina's expertise in the ore horizon concept and extensive experience in Mexico provides a competitive edge for discovery of new districts between old historic deposits. Its highly experienced management team and board are focused on developing its portfolio of high-potential targets and exploring additional value-creation opportunities. The Company trades on the TSX Venture Exchange under "PLA".

For more information on Plata Latina, please contact:

Mike Clarke, President & CEO
Telephone: +1 720 984 1076

Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.

Forward Looking Statements

This news release contains forward-looking statements and other statements that are not historical facts including statements about the Company's latest exploration program. Such forward-looking statements are subject to known and unknown risks, uncertainties and assumptions that could cause actual results to vary materially from target results or events predicted in these forward-looking statements. As a result, investors are cautioned not to place undue reliance on these forward-looking statements.

The forward-looking statements contained in this news release are made as of the date of this release. Except as required by applicable law, Plata Latina disclaims any intention and assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Forward-looking information reflects the current expectations or belief of the Company based on information currently available and such information is subject to a number of assumptions, risks and uncertainties, including risks related to exploration, uncertainties related to financings, the uncertainties of interpreting exploration results and other risks associated being a mineral exploration company.