...so does this. NR:LTU RECEIVES PERMITS FOR PAN DRILLING
LATITUDE MINERALS CORP.
1711 E. TRENT AVE., SPOKANE WA 99202
Tel. (509) 536-6430; Fax: (509) 536-6442 Toll-Free (877) 829-1773
E-mail: newadvantage@new-advantage.com
LATITUDE RECEIVES PERMITS FOR PAN DRILLING
SPOKANE, WA, October 1, 1999; Latitude Minerals Corp. (LTU.V) is pleased to announce that it has been granted
permits and will begin its 1999 drilling program at Pan by the end of next week. Approximately 8,000 feet of reverse
circulation (RC) drilling will be performed during the month of October to explore for feeder structures which mineralized the
north and south deposit and to explore the Middle Pan target.
In our recent September 28th press release regarding our joint venture with Degerstrom, Inc., it was disclosed that a 210,000
ounce oxide gold resource exists at Pan. This number should have been qualified. It refers to an in-ground resource estimate
that was disclosed in a Company news release dated April 20, whereby Lynn Canal Geological Services computed a resource
estimate at various cutoff grades. Results of this independent third-party study using a 0.015 opt cutoff, calculated a resource
comprising 10.86 MM tons @ 0.022 opt for 234,000 contained ounces of which approximately 87% is indicated and 13% is
inferred.
It has also been brought to the company's attention that there is a June 1 newsletter that appears on our website that reports
resource numbers for our four core properties that are not in compliance with Appendix 19 of VSE guidelines. This was
posted in error. We have deleted the newsletter, until verified by an independent third party and classified in accordance with
currently acceptable industry resource definitions.
Latitude Minerals Corp. is a junior exploration company developing a number of advanced-stage gold deposits in the western
United States. The company is also evaluating a number of additional opportunities in the Americas. Additional information can
be obtained by contacting the Company at (877) 829-1773 or by visiting the Company's website at
www.latitudeminerals.com.
On Behalf of the Board of Directors,
LATITUDE MINERALS CORP.
John R. Carden, Ph.D.
President
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