LTG

Lateral Gold Corp. (TSX VENTURE:LTG) ("Lateral" or the "Company") is pleased to
announce it has received TSX Venture Exchange (the "Exchange") approval to
acquire an option to purchase up to 100% of the Oakley Gold Property (see news
release dated January 11, 2013). Lateral anticipates making the initial $35,000
payment and issuing the initial 200,000 common shares of Lateral within the next
few days as prescribed in the already executed definitive option agreement (the
"Agreement") with Otis Gold Corp. The shares are subject to a hold period
expiring August 12, 2013.


Just north of the borders of Nevada and Utah in Cassia County, Idaho, the Oakley
Gold Property consists of approximately 2,100 acres of federal lode mining
claims and State mineral leases, all of which are 100% controlled by the Company
and cover a newly developing gold district. As presently known, the district is
five miles-long by one mile-wide and includes a historical inferred mineral
resource at Blue Hill Creek of 235,000 gold ounces (14.4MM tons @ 0.016 opt Au)
at a 0.5 ft opt Au grade x thickness cutoff as estimated in a technical report
prepared for Otis Gold Corp dated April 7, 2008. A qualified person has not done
sufficient work to classify this historical estimate as a current mineral
resource and Lateral Gold is not treating the Blue Hill Creek historical
resource as a current mineral resource. 


Blue Hill Creek is one of several exploration targets present on the Property.
The district is relatively new; it lay undiscovered and completely unknown until
1985; and it is very much underexplored. Potential is considered excellent to
discover and define one or more new deposits containing 1.0MM+ ounces of gold.
The Company has filed a Technical Report on the Property on SEDAR, which it
encourages shareholders and other interested parties to read.


Patrick Abraham, president & CEO states, "After many months of rigorously
searching for a property to fit our exact criteria, through a disciplined
filtration process I can now proudly announce our results. Oakley is a
gold-dominant, highly prospective, drill-ready property located within a safe,
politically stable and historically friendly-to-mining jurisdiction. The
Property enjoys improved road access with good infrastructure. I've had the
opportunity to view/visit many potential and actual flagship projects throughout
my career and can accurately state Oakley is as good as they come. I encourage
readers to visit our website at www.lateralgold.com for more information,
including a newly created corporate presentation with maps, cross sections,
historical drill hole data and our exploration plans, which include a minimum of
3,000' of drilling. You should also click through to review our recently filed
technical report on Oakley." 


"With its exploration potential, a clear path toward 100% ownership, and our
capital structure we are anxious to begin work at Oakley and then, most
importantly, report those results to the investment community in a persistent
manner."


The Blue Hill Creek mineralized zone is open-ended and currently measures
3,350-feet long and up to 1,000-feet wide; historical drilling includes:




--  400 feet @ 0.017 opt Au (121.9 meters at 0.58 gpt Au) 
--  260 feet @ 0.024 opt Au (79.2 meters at 0.82 gpt Au) 
--  290 feet @ 0.017 opt Au (88.4 meters at 0.58 gpt Au) 



The partially tested Cold Creek mineralized zone located four miles north of
Blue Hill Creek is at least 5,000-feet long and up to 1,000-feet wide;
historical drilling includes:




--  260 feet @ 0.014 opt Au (79.2 meters at 0.48 gpt Au) 
--  150 feet @ 0.020 opt Au (45.7 meters at 0.69 gpt Au) 
--  40 feet @ 0.048 opt Au (12.2 meters at 1.65 gpt Au) 



Casey Danielson, QP & director states, "The Oakley Gold Property presents an
exciting opportunity for the Company to expand upon a modern-era gold discovery
made when the price of gold was less than $400 per ounce and was last explored
when gold was under $300 per ounce. Hot springs-type low sulphidation
gold-silver deposits such as Sleeper, NV and De Lamar, ID are highly-sought
after by gold producing companies because of their simple metallurgy, generally
straight forward permitting and potential for large resource volumes and/or
bonanza grades."


Work by previous operators, including a 16,000 meter CSAMT survey conducted by
Otis Gold Corp, has defined targets for 15,200 feet of drilling in 18 drill
holes. The Company has planned a two-phase exploration program. The initial 12
month phase calls for a budget of $300,000 and includes drilling. Contingent
upon first-phase results, a second phase calls for an expenditure of $2MM over
the ensuing 24 months.


About the Oakley Gold Property 

Lateral Gold's 100% controlled Oakley Gold Property covers 2,100 acres located
in Southeastern Idaho, 45 miles from Twin Falls. The property is an
underexplored gold district south of the Yellowstone hotspot, a chain of
calderas associated with multimillion ounce bonanza grade gold mines and
deposits. The Oakley Gold property includes an open ended historical inferred
mineral resource at Blue Hill Creek of 235,000 gold ounces (14.4MM tons @ 0.016
opt Au) as estimated in a technical report prepared for Otis Gold Corp dated
April 7, 2008. Lateral Gold is not treating the Blue Hill Creek historical
resource as a current mineral resource because a qualified person has not done
sufficient work to classify the historical estimate as a current mineral
resource. Lateral's exploration is sharply focused toward discovery of one or
more, million ounce or larger gold deposits.


Casey Danielson, a qualified person as defined by National Instrument 43-101 and
a Director of the Company, has reviewed and approved the scientific and
technical information in this release.


Lateral Gold Corp. aggressively seeks to discover and define important new gold
deposits capable of yielding at least 100,000 ounces of gold per year from mines
operating for ten or more years. We search within politically stable and
mining-friendly regions offering a safe, efficient and transparent operating
environment coupled with world-class geologic potential. The company has 11.7MM
shares issued and outstanding with no long-term debt.


ON BEHALF OF THE BOARD

Patrick M. Abraham, President & CEO 

FOR FURTHER INFORMATION PLEASE CONTACT: 
Lateral Gold Corp.
Patrick M. Abraham
President & CEO
253-509-8512
pabraham@lateralgold.com
www.lateralgold.com

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