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Gold/Mining/Energy : Latitude Minerals LTU.V -- Ignore unavailable to you. Want to Upgrade?

To: Spiney who wrote (48)	6/25/1998 11:47:00 PM
From: Joel W. Grothendick	Read Replies (1) \| Respond to of 366

More Lattitude News. This came out after the close today. LATTITUDE MINERALS CORP. SUITE 612, 475 HOWE STREET, VANCOUVER, BC. V6C 2B3 Tel: (604) 688-2010: Fax: (604) 688 2015: Toll-free: 1-800-668-0071 e-mail: mineral@mineweb.com Trading symbol: LTU.V PRIVATE PLACEMENT CLOSED VANCOUVER, BC, June 25, 1998: The Company has now closed the previously announced Special Warrant Placement of 2.0 million units at C$0.1575 per unit through Union Securities Ltd. A portion of the proceeds are to be used for the ongoing development of the South Voisey Bay Project 479 in which the Company holds a 25% interest along with NDT Ventures Ltd. (50%) and Donner Minerals Ltd. (25%). A further portion of the funds will be used to pay for the drilling programme at the Blue Hill Creek project in Southern Idaho. Drilling is proceeding at the project with two drill rigs now at the site and working. The ten-hole programme is expected to take approximately three weeks with results to follow. Blue Hill Creek is a potentially open-pittable, bulk-tonnage epithermal hot spring-type gold deposit with a current resource of 170,000 ounces of gold outlined. Additionally, the Company has agreed, subject to regulatory approval, to grant incentive stock options totaling 110,000 shares at C$0.50 per share for two years to Directors, Officers, and employees. The Company is not proceeding with the private placement that was announced on May 02, 1998. On behalf of the Board of Directors, LATTITUDE MINERALS CORP. "Clifford L. Mossing" Clifford L. Mossing Director THE VANCOUVER STOCK EXCHANGE HAS NEITHER APPROVED NOR DISSAPROVED OF THE INFORMATION CONTAINED HEREIN