Geomorphic AI Partners with Latin Metals to Accelerate New Project Generation in Argentina

Portland, Oregon--(Newsfile Corp. - August 31, 2026) - Geomorphic AI ("Geomorphic" or the "Company"), a private North American AI-driven minerals prospect generator, is pleased to announce that it has entered into a Services, Data Use and Royalty Agreement (the "Agreement") with Latin Metals Inc. ("Latin Metals") (TSXV: LMS) (OTCQB: LMSQF).

Under the Agreement, Geomorphic will apply its proprietary AI-driven geoscience platform to Latin Metals' extensive exploration database in Argentina to systematically identify, evaluate and rank new mineral exploration opportunities for potential acquisition.

The engagement expands Geomorphic's growing client-services business and provides the Company with access to a significant proprietary exploration dataset assembled by Latin Metals and its predecessor companies over approximately 25 years of work in Argentina.

HIGHLIGHTS

• Proprietary dataset: Latin Metals has assembled an extensive exploration database covering multiple regions of Argentina through approximately 25 years of historic exploration work.

• AI-driven project generation: Geomorphic will apply its specialist AI agents and geoscience workflow to analyze the dataset, identify prospective mineral opportunities and systematically rank them for further evaluation.

• From data to new projects: Latin Metals will assess the highest-priority opportunities generated by Geomorphic and may secure mineral rights and advance selected targets as new exploration projects.

• Aligned economics: Geomorphic may earn a 0.5% NSR royalty and a US$5,000 success fee on qualifying properties acquired by Latin Metals from target areas generated under the Agreement.

• Reciprocal opportunity: If Latin Metals elects not to pursue certain target areas, Geomorphic may pursue those opportunities independently, subject to a reciprocal 0.5% NSR royalty and success-fee structure in favour of Latin Metals.

Geomorphic AI Founder and CEO, Mark Sumner, said:

"Latin Metals has spent decades assembling a proprietary exploration dataset across Argentina, and that is exactly the kind of information our platform is built to work with. Rather than beginning with a blank slate, we can apply our specialist AI agents across a large body of historic geological information to identify and rank opportunities much more systematically and efficiently.

The objective is straightforward: turn a deep historical dataset into a prioritized pipeline of actionable mineral opportunities. We are pleased to add Latin Metals as a client and look forward to helping them accelerate the next generation of projects in Argentina."

Keith Henderson, CEO of Latin Metals, commented:

"Latin Metals has built a proprietary exploration database based on extensive historical work completed throughout Argentina. Fully assessing that dataset, generating exploration targets and systematically ranking those targets using conventional methods could take years. Geomorphic's platform provides an opportunity to dramatically accelerate that process and move more quickly from data analysis to the acquisition of the highest-priority opportunities."

COMMERCIAL TERMS

If Latin Metals or an affiliate acquires mineral rights (an "Acquired Property") within or adjacent to a target area (a "Target Area") identified by Geomorphic during the applicable five-year royalty qualification period, Geomorphic will receive a perpetual net smelter return royalty equal to 0.5% of the net smelter returns attributable to Latin Metals' or its affiliate's interest in the Acquired Property (the "Geomorphic Royalty"). The Agreement applies the royalty only to the applicable attributable interest and not to interests held by unrelated third parties.

Latin Metals retains sole discretion over whether to investigate, stake, acquire, finance, develop or otherwise pursue any Target Area. If Latin Metals elects not to pursue a Target Area, or a Target Area otherwise becomes a released target area under the Agreement, Geomorphic may pursue mineral rights within that area. If Geomorphic or an affiliate subsequently acquires an interest in those mineral rights, Latin Metals will receive a reciprocal perpetual NSR royalty equal to 0.5% of the net smelter returns attributable to Geomorphic's or its affiliate's interest in the applicable property (the "Latin Royalty").

Geomorphic will also receive a US$5,000 success fee for each Target Area in which Latin Metals acquires qualifying mineral rights, while Latin Metals will receive a reciprocal US$5,000 success fee for each released target area in which Geomorphic acquires mineral rights, in each case subject to an aggregate maximum of US$50,000. Mineral rights currently held or agreed to be acquired by Latin Metals or its affiliates, or in respect of which Latin Metals or an affiliate is actively engaged in bona fide negotiations to acquire an interest, are excluded from the Agreement. Latin Metals will retain ownership of its proprietary exploration database, and the initial term of the Agreement is 12 months, subject to extension by mutual agreement.

ABOUT LATIN METALS

Latin Metals Inc. is a copper, gold and silver exploration company operating in Peru and Argentina under a prospect generator model, minimizing risk and dilution while maximizing discovery potential. The Company generates and advances exploration projects before securing well-funded partners to undertake significant exploration expenditures.

This approach provides shareholders with exposure to multiple exploration and discovery opportunities while limiting the capital required to advance individual projects. Latin Metals is actively generating new opportunities and seeking strategic partners to advance its portfolio.

ABOUT GEOMORPHIC AI

Geomorphic AI is a prospect generator. Using systematic, data-driven screening of geological databases and historic datasets, the Company identifies overlooked mineral systems in Tier-1 jurisdictions, secures the ground, and compiles partner-ready exploration packages. Geomorphic advances projects through joint ventures, earn-in agreements, sales and other partnerships with operating companies that fund and execute exploration, while Geomorphic may retain a continuing interest.

CONTACT

For joint-venture, earn-in and acquisition enquiries: Jeff Phillips, VP Business Development | investors@geomorphic.ai.

Qualified Person

Eduardo Leon, QP, is the Latin Metals qualified person as defined by NI 43-101 and has reviewed the scientific and technical information that forms the basis for portions of this news release. He has approved the disclosure herein. Mr. Leon is not independent of Latin Metals, as he is an officer of the Latin Metals and holds securities of the Latin Metals.

Neither 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 news release.

Cautionary Note Regarding Forward-Looking Statements

This news release 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. All statements, other than statements of historical fact, included herein are forward-looking statements. Although the Company believes that such statements are 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. In making the forward-looking statements in this news release, the Company has applied several material assumptions, including without limitation, market fundamentals will result in sustained precious metals demand and prices, the receipt of any necessary permits, licenses and regulatory approvals in connection with the future development of the Company's Argentine projects in a timely manner, the availability of financing on suitable terms for the development, construction and continued operation of the Company projects, and the Company's ability to comply with environmental, health and safety laws.

Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company 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, operating and technical difficulties in connection with mineral exploration and development and mine development activities, actual results of exploration activities, estimation or realization of mineral reserves and mineral resources, the timing and amount 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 for additional capital, future prices of precious metals and copper, changes in general economic conditions, changes in the financial markets and in the demand and market price for commodities, possible variations in ore grade 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 or the inability of the Company to obtain any necessary permits, consents or authorizations required, including TSX-V acceptance for filing of the Option Agreements, any current or future property acquisitions, financing or other planned activities, changes in laws, regulations and policies affecting mining operations, hedging practices, currency fluctuations, 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 the integration of acquisitions, as well as those factors discussed under the heading "Risk Factors" in the Company's latest Management Discussion and Analysis and other filings of the Company with the Canadian Securities Authorities, copies of which can be found under the Company's profile on the SEDAR+ website at www.sedarplus.com.

Readers are cautioned not to place undue reliance on forward looking statements. Except as otherwise required by law, the Company undertakes no obligation to update any of the forward-looking information in this news release or incorporated by reference herein.

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