Drilling confirms surface resource potential at Paron Gold...

Drilling confirms surface resource potential at Paron Gold Project - Peru.

- The Paron drilling programme has been completed and the results confirm the existence of an outcropping and near surface zone of disseminated gold and silver mineralisation within the target area.

- Gold intersections were recorded in the majority of holes and the drilling has demonstrated strong lateral continuity to the mineralised zone as well as demonstrating that within the zone itself there is almost continuous mineralisation.

- An initial JORC compliant resource is currently being calculated and it is expected that it will be available for release by early next week.

- The drilling programme has highlighted a central core to the mineralised zone where intersections grading over 5g/t gold are common and bulk intersections average greater than 20 metres at +2.5 g/t from surface.

- The drilling programme has also indicated some additional potential for near surface mineralization to extend to the northwest of the mineralised zone.

- Due to difficult ground conditions the deeper porphyry and faulted extension targets were not adequately tested and will require an additional drilling programme with a larger rig.

- Subsequent to the receipt of the initial JORC resource Latin Gold plan to commence an in-house scoping study to evaluate the development options for the Paron gold project.