Latin American Minerals Inc. filed its Annual on Apr 26, 2013 for the period ending Dec 31, 2012. In this report its auditor, Ernst & Young LLP, gave an unqualified opinion expressing doubt that the company can continue as a going concern.

Latin American Minerals Inc. announced advances at the Paso Yobai Gold Project, located in Paraguay. Pilot plant construction now completed at Paso Yobai, operation to begin in January 2012: Drilling re-commences on Paso Yobai Discovery Trend, on northern extension targets; 3.8 g/t average over 30.5 metres in initial trench on Paso Yobai `New Trend' target. The construction of the 100-ton per day gold-extraction pilot plant on the approximately 4.5 km. The construction of the 100-ton per day gold-extraction pilot plant on the approximately 4.5 km length Discovery Trend is now completed, with plant trials begun this week. Bulk sampling operations will begin by mid-January, 2012. The initial bulk sampling pit (300m length x 20m depth) has been designed for the centre of the Discovery Zone. Pit construction including mineral stockpiling began in November, 2011. Exploration continues at the Paso Yobai Project to develop gold resources on two separate mineral trends. Diamond drilling has commenced on the northern arm of the Discovery Trend, to follow up multiple large mechanical trenches excavated and sampled earlier this year. Approximately 500m of new drilling will be completed before halting for Christmas.

Latin American Minerals Inc. announced the delivery of the first gold doré bar produced at its Paso Yobai Gold Project pilot plant, to the Johnson Matthey Ltd. gold refinery in Brampton, Ontario. The first doré bar from LAT's Paso Yobai Operation: 166 oz gold, 47 oz silver.