LTR Latitude

RNS Number:6175Q
Latitude Resources plc
02 February 2007


                          

                             Latitude Resources plc 

                  Industry interest in two properties in Chile

                       Results of annual general meeting


Latitude Resources plc (LSE : LTR) ("Latitude") reports that at the annual
general meeting in London yesterday, Mr Martyn Konig, chief executive, told
shareholders that following recent drilling updates there has been significant
industry interest in the Company's two principal properties in Chile.


The recent report of the results of the drilling programme at Santa Dominga, its
wholly owned iron/copper/gold property in central Chile, and the earlier
announcement of the resource estimate at Filipina Grande, had stirred the
interest of several companies who have been seeking further information. These
discussions are still at a preliminary stage and it is too early to determine
whether they will reach a successful outcome. However, the company welcomes the
industry recognition their interest represents.


"We are pleased to have this interest from important industry players, and we
are now focussed on adding to the resource potential of these two principal
projects and thereby increasing value for shareholders."


Ms Sally Schofield, Business Development Manager, told the meeting that
following the highly successful drilling programme in 2006 at Santa Dominga and
Filipina Grande, Latitude had been able to increase significantly its land
position at both prospects and as a result now held exploration rights over more
than 12,000 hectares at Filipina Grande and 2,000 hectares at Santa Dominga.


"The Company now controls a very large area of prospective ground at each site
and the results of our drilling at both locations have been very promising."


At Filipina Grande there was an Inferred Mineral Resource of over 27 million
tonnes containing 545 m. lbs of copper and significant further potential in the
extended land position the Company now controlled. The Company is much
encouraged by the in-house resource estimate that strongly supports the premise
that Filipina Grande hosts a potentially economic resource. Coupled with the
favourable results from preliminary metallurgical testing of the near-surface
oxide material, the estimate indicates significant progress at one of the
Company's lead projects.


While at Santa Dominga the 2006 drilling programme had outlined a high grade
zone with intercepts up to 70 metres averaging 1.6% copper. After the discovery
of this new, high grade intersection Latitude drilled two further holes in the
vicinity to determine the orientation and continuity of the sizeable mineralised
body. These results showed a consistent grade over significant intersections
which emphasised the prospectivity of the area and the 2007 drilling programme
has been designed to explore the wider potential of the property.


For the purposes of AIM Rule 11, this announcement has been reviewed and
approved by Latitude's senior non executive Director, Barry D. Rayment BSc.,
PhD, Mining Geologist of more then 30 years standing and a member of the SME.


The Company also announces that at the Annual General Meeting held yesterday all
the resolutions proposed were duly passed.


Ends



For further information please contact::


Martyn Konig, CEO Latitude Resources plc
Phone     +44 (0) 207 087 7971
Fax       +44 (0) 207 734 3870
Email: info@latituderesources.com


Simon Rothschild/Keith Irons
Bankside Consultants
Phone     +44 (0) 207 367 8888
simon.rothschild@bankside.com / keith.irons@bankside.com


Note to Editors:

Latitude Resources plc (formerly Latin American Copper) is an AIM listed
exploration and entrepreneurial mining finance company. Latitude has five
copper-gold projects and one copper-molybdenum project in the highly prospective
Chilean Coastal Belt and is specifically exploring for IOCG (Iron Oxide Copper
Gold) type targets.




                      This information is provided by RNS
            The company news service from the London Stock Exchange

END
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