Plata Latina Minerals Corporation announced that through its wholly owned subsidiary Plaminco S.A. de C.V., it has entered into an agreement of assignment of mining concessions with Minera Argentita Exploracion, S. de R.L. de C.V., a wholly-owned subsidiary of The Electrum Group, with respect to Plata Latina's three exploration properties in Mexico, which include Vaquerias, Palo Alto and La Joya. Pursuant to the agreement, Electrum will pay Plata Latina USD 100,000 for each property that it exercises the option for, potentially totaling USD 300,000. The Company will grant Electrum a period of four months the exclusive right to evaluate the three properties. The option period started on January 20, 2020 and will expire on May 20, 2020. On or before the expiration of the option period, Electrum has the right to exercise its option to acquire any or all of the three exploration concessions. Electrum has commenced their due diligence. In addition, during the option period, Electrum has agreed to reimburse the Company the remaining 2019 semi-semester mining duties on the three properties up to a maximum amount of USD 50,000. Electrum will also pay the mining duties for the first six-month period of 2020 on the three properties. About the three properties The Vaquerias property is situated in the state of Jalisco, Mexico, northwest of the Guanajuato Mining District and consists of two federal exploration concessions, totaling 4,411 hectares in area. The mining permits are valid until 2061. The Palo Alto property is located in the state of Aguas Calientes, Mexico, also northwest of the Guanajuato Mining District and consists of three federal exploration concessions, totaling 4,722 hectares and are valid until 2061 to 2062. The La Joya property is located in the state of Hidalgo, Mexico, southeast of the Guanajuato Mining District and consists of one federal exploration concession, totaling 924 hectares. The concession is valid until 2060.