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encouraging early drill results Announcement to the Australian Stock Exchange

14 November 2006


Encouraging Early Drill Results from Paron Gold Project - Peru.

- Results from the initial three holes at Paron have been received.

- Hole PA- 9 returned 20 metres grading 3.5 g/t gold from 3 metres depth highlighting the potential of Paron to host a near surface gold resource.

Latin Gold Limited (“Latin Gold”) is pleased to advise that the exploration drilling programme over the Paron gold project, located in the Department of Ancash, 470 kilometres north of Lima in Peru is around 50% completed with 12 holes completed to date.

Assay results for the initial 3 holes of the programme, PA-6, PA-3 and PA -9 have been received (the holes are not being drilled sequentially) and are reported herein. Hole PA-9 which was spudded near the centre of the main mineralised area and drilled to 131 metres to test for possible flat lying repetitions intersected 20 metres @ 3.55 g/t gold from 3 metres in depth. Assay results for this hole from 26 metres to total depth are awaited.

Holes PA-3 and PA-6 were drilled near the eastern edge of the mineralised zone to test the extremities of the known mineralised zone and intersected 21 metres grading 1.38g/t and 6 metres grading 1.5g/t respectively, from surface. These holes will allow the boundary of the mineralised zone to be extended eastwards resulting in the size of the potential resource being increased.