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

To: Bill Murphy who wrote (213)	1/14/1999 9:52:00 PM
From: Paul S.	Read Replies (1) \| Respond to of 366

LTU traded very nicely today although most of the volume was block trades. Speaking with IR today they said that a large position was being transferred to stronger hands. I presume that they have managed to "clean up the market". They also said that significant additions to their asset base will be added in the coming weeks. There should be lots of Blue Sky from here. Even Goldman Sachs today in a remarkable departure from the norm has called for a breakout in the price of gold bullion. Following is today's news from Latitude VANCOUVER, BC, January 14, 1999: Latitude Minerals Corp. (LTU.V) has closed the its previously announced private placement of 1.0 million units at C$0.25 per unit for net proceeds of C$250,000.00. Each unit consists of one common share and one non-transferable two year share purchase warrant. The shares and any shares to be issued upon the exercise of the warrants, are subject to a hold period to April 12, 1999. The Company has also closed the acquisition of a 100% interest in the Cold Creek Gold Deposit. Located in Cassia County, Idaho, the Cold Creek Gold Deposit forms part of the same epithermal hot spring environment as the Company's 100% owned Blue Hill Creek Gold Deposit. In consideration for the acquisition the Company has issued 110,000 common shares which are subject to a hold period to February 28, 1999. Additionally, the Company has acquired by staking a further 8 claims (160 acres) known as the Emery Creek property. Located between Blue Hill Creek and Cold Creek, the claims exhibit similar geology to the above properties with ore grade samples collected on surface. The Company also reports that Chris Farber has resigned as a director of the Company effective January 12, 1999. Further the Company has agreed, subject to regulatory approval, to grant incentive stock options to Directors, Officers and employees totaling 400,000 common shares at C$0.30 per share for two years. Latitude Minerals Corp is developing a number of advanced-stage gold deposits in the western United States and can be contacted at 1 800 668 0071 or through our website: www.latitudeminerals.com On Behalf of the Board of Directors, LATITUDE MINERALS CORP. "John R. Carden" John R. Carden President