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

In addition to its exploration activities, the company intends to seek capital appreciation through a combination of active shareholding of private and public mineral resource companies as well as generating a fee based income from consulting services. The firm currently holds a 13% shareholding in Western Goldfields, a company that is bringing the Mesquite mine in California into production. Latitude also owns 18% of Romarco Minerals, details of which can be seen in the September 13th 2005 news release.

The experienced and diverse management team of Latitude Resources has a demonstrated track record of discovery and wealth creation for shareholders.



Latitude Resources plc
25 May 2006

Latitude Resources plc

Latitude Resources Announces Inferred Resource Estimate for Filipina Grande
Deposit in Chile


Latitude Resources plc (LSE:LTR) ('Latitude' or 'the Company') is pleased to
announce that the Company has completed an in-house resource estimate for the
Filipina Grande deposit, which has established an Inferred Mineral Resource of
over 27 million tonnes containing 545 million lbs of copper.


Inferred Resources*,**, Tonnes Grade Grade Grade Contained
*** Copper

Million Copper Gold Iron Million
tonnes(Mt) (%) (g/t) (%) Pounds (Mlbs)

Oxide
(0.2% Cu cut-off)
Mina Grande 11.2 0.64 0.14 - 157

Sulphide
(0.4% Cu cut-off)
Mina Grande 7.02 0.92 0.29 18.54 142
Caminada 8.80 1.27 0.32 19.32 246
Total Sulphides 15.82 1.12 0.31 18.97 388

Inferred Resources: Total Contained Copper, Filipina Grande Project = 545
Million lbs

* Source: These estimates and this announcement has been reviewed and approved
by Barry D. Rayment BSc., PhD, Latitude's senior non executive Director, a
Mining Geologist of more than 30 years standing and a member of the SME.
** Standard: Inferred Resource estimates comply with the JORC standard
definitions
*** This asset is wholly owned by Latitude and so the table represents both the
gross and the net attributable estimates.


Martyn Konig, CEO of Latitude, commented:

"The Board is much encouraged by this 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 oxides, the estimate indicates significant progress at one of the Company's
lead projects."

The resource estimate was generated using the company's own expertise, utilising
standard polygonal estimation methodology, incorporating data from the following
sources:

3 Latitude drill campaigns totalling 10,000 metres, both diamond drilling
(4,000m) and reverse circulation (6,000m), between September 2004 and
January 2006
Reconnaissance and/or sampling or historic production data of numerous
small scale artesanal mines
Extensive geophysical programs, detailed geological mapping
Historical drill data from Rio Tinto (1990 - 1992) , Las Cenizas (1994)
and ENAMI (1998)

The Filipina Grande project is located in the central coastal region of Chile
south of the Candelaria (Phelps Dodge) and Mantos Verde (Anglo American) copper
mines. Expenditure by Latitude on Filipina Grande, from the acquisition of the
project in 2003 to date, totals US$1.4 million dollars.


Oxide Mineralisation
The oxides generally occur close to surface in the Mina Grande target area,
which lies in the northern portion of the Filipina Grande project. The oxide
bodies extend from surface, or close to surface, and reach an average depth of
approximately 70 metres.

Samples of these oxide bodies returned encouraging results from preliminary
metallurgical testing which was announced in March this year indicating that the
mineralised material would be amenable to treatment by acid leaching, a
relatively cheap process route. Further test work will be carried out over the
coming weeks to better evaluate the recovery characteristics of the oxides.


Sulphide Mineralisation
The sulphide bodies occur in all target areas within the Filipina Grande
project, and tend to be elongate, linear zones controlled primarily by
structures. The average true width of the sulphide bodies is in the order of 6
metres, varying from 2.5 metres to 14.25 metres wide. They range in depth from
100 metres to 600 metres below surface; the most important mineralised zone
occurs between 100 metres and 350 metres depth.


Potential
It should be noted that the oxide and sulphide mineralisation reported is that
which can be defined as JORC compliant Inferred Resources. The Company believes
there are additional target areas within the Filipina Grande project which,
subject to further exploration, could increase the overall size of the
mineralised system in the future, indicating the potential for the project to
develop substantially.


Ongoing Activity
Over the coming four weeks, Latitude will commence a large-scale, systematic
sampling program, to obtain data from all 13 artesanal oxide and sulphide mines
on the property.

This sampling program will give increased control over grade and distribution,
allowing Latitude to better plan the next phase of activity at relatively little
cost.



Glossary of key terms used in the notification

Oxide : Ore or mineralisation where sulphide minerals have broken down to oxides
through exposure to an oxidising agent, such as air or water.

Diamond drilling: A rotary type of rock drill that cuts a core of rock which is
recovered in long cylindrical sections, 2cm or more in diameter.

Reverse circulation drilling: A drilling method in which a rotating bit cuts
rock or compacted earth into fragments, which are pushed upward to the drill
collar by water or fluid mixtures for sampling. Unlike diamond drilling, it does
not provide an intact core for examination or sampling.

Sulphide: Ore or mineralisation composed mainly of sulphide minerals.



For further information please contact:
Martyn Konig, CEO Latitude Resources plc
Phone +44 (0) 207 493 9116
Fax +44 (20) 7493 9118
Email: info@latituderesources.com

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

Copper Gains on Speculation That Demand Will Outpace Supply
May 25 (Bloomberg) -- Copper rose on the London Metal Exchange on speculation that production may not meet demand this year because of strikes and declining output at some mines.

Mexican miners yesterday began a blockade at Grupo Mexico SA's Cananea copper mine, the country's largest. There's been a strike at La Caridad mine, Mexico's second-biggest, for two months. Codelco, the world's No. 1 copper producer, yesterday warned production will decline this year and next. Demand will rise 5.2 percent this year, HSBC Holdings Plc said yesterday.

``The fundamentals of copper are very supportive,'' Roy Carson, a London-based metals analyst at Triland Metals Ltd., which trades on the floor of the LME, said today by phone. ``Codelco will produce less and strikes are still on.''

Copper for delivery in three months on the LME advanced as much as $150, or 1.9 percent, to $7,980 a metric ton. The contract was $140 higher at $7,970 as of 9:26 a.m. in London, taking its gain this year to 81 percent. Copper reached a record $8,800 May 11.

Codelco, which supplies about 11 percent of the world's copper, yesterday said its output this year will be 1.713 million tons, or 0.6 percent less than last year. Production next year will be 1.652 million tons, Codelco forecast.

Copper prices have also gained because of increased interest from hedge, index-tracking and pension funds.

U.S. and European pension funds have shifted about 5 percent to 10 percent of their assets out of stocks and bonds into commodities indexes over the last several years, John Tumazos, a New York-based analyst at Prudential Equity Group, said in an interview yesterday.

Copper Forecast

HSBC, Europe's largest bank by market value, raised its average copper price forecast for this year by 40 percent to $2.80 a pound.

``High metal prices reflect ongoing inflows of speculative money,'' HSBC analysts led by Paul McTaggart said in a report yesterday. The bank estimates about $100 billion will be invested in commodity indexes by the end of 2006, compared with $10 billion at the end of 2003.

Copper inventory monitored by the LME fell 475 tons, or 0.5 percent, to 105,750 metric tons, the exchange said today in a daily report. Stockpiles, which have risen 19 percent this year, are still equal to less than three days of global usage.

Aluminum for delivery in three months rose $10, or 0.4 percent, to $2,750 a ton on the LME. Nickel slipped $400, or 1.8 percent, to $21,600 and lead fell $10 to $1,105. Tin dropped $100, or 1.2 percent, to $8,000. Zinc gained $45, or 1.3 percent, to $3,510 a ton.



Market Cap 16.51m, copper estimated reserve 545m lbs even @ $2USD lb reserve is worth $1090m USD!!

Lattitude management team is very confident and proud team but also very reserved when it comes to news. i suspect they don't like too much publicity to attract the attention of some private equities bidders. i remain very confident about this little fish. in for longterm, will keep buying till the sp passes 15p

In 2006, the concentrates market deficit is on track to be the largest ever, exceeding that of 2006 by 50,000 t, according to Bloomsbury Minerals Economics.

Stocks of copper-in-concentrate will be drawn down by 290,000 this year, said the research and consultancy company. This has driven spot copper concentrate treatment and refining charges negotiations lower.

Grupo Mexico reported last week that it had declared force majeure on August copper deliveries due to stoppages at its La Caridad and Cananea copper mines in Mexico. In July, the firm expects to meet 70% of orders, but the situation would soon become more serious as the company runs out of stockpiled copper. The strike at Cananea was resolved on July 16 but labour problems threaten production at other copper mines.

Threat of strike action at Escondida copper mine could push copper prices up further. Workers at the Escondida copper mine in Chile have threatened to cut output by 40% if no agreement is reached regarding negotiations over a pay increase and bonus payment.

Workers at Teck Comincos Highland Valley copper mine in Canada have also threatened to strike, from October 1. (July 17)

http://www.mining-journal.com/wms_magazine/wms_Mag_Breaking_News.aspx?breaking_news_article_id=523

THE BEST TIME TO SELECT EXCELLENT FUTURE WINNERS IS DURING THE BEAR MARKET. IF ONE GETS HIS/HER SELECTION RIGHT HIS FUTURE WILL BE REWARDING DURING THE NEXT BULLMARKET. RIGHT NOW IS THE BEAR MARKET FOR COMMODITIES WHICH OFFERS EXCELLENT OPPORTUNITIES TO EAGLE EYES INVESTORS.

NOW WHY DOES EVERYBODY WANT A PIECE OF THIS LITTLE FISH ? CALLED:

LATTITUDE RESOURCES

LOOK AT THESE MAJORS HOLDERS:

- SCHWECO NOMINEES LTD........40 983 333............15.64%
- AKTIVA HOLDINGS..................40 000 000............15.50%
- INVESTEC BANK.....................40 000 000............ 15.50%
- RESOURCEWORKS...................40.000 000.............15.50%
- RESOURCES INVESTMENT TRUST15 500000.............06.10%
- UBS......................................8 450 000..............3.18%
-VIDACOS NOMINEES..................8 450 000...............3.18%

AMONG ALL, SIX HAVE A HOLDING OF MORE THAN 5% AND FOUR HAVE A HOLDING OF MORE THAN 10%.

Georgetrio - get real dude! All the above are funds, if we all thought so highly of funds we wouldn't play the stock market for ourselves and would give our money to fund managers in the first place. Means nothing and thats coming from the person that started this thread. LTR trades alone on its reserves and people that are in are there only because they think theres going to be a boom in copper coming very soon. Personally if the top three sold I'd very pleased as could top up on the overhang.

Explosive

I don't care what you think. but that's my view. post yours for lattitude,instead of behaving like a teacher correcting his student. It is there for people to read, I would welcome a better constructive input. I do not have time for this kind of imput. Feel free to post your view.

Georgetrio - Like you say, there for all to read and view so the wider audience will decide for themselves. I never corrected you as you've said in the above post but, disagreed with you.

Explosive

Nice to know that you hold LTR too, hopefully, our disagreement will allow others
to look into LTR and make their own decision. I will be looking into your other holdings and see if i can take one into my portfolio. tomorrow is another day.
Best luck

georgetrio - stop behaving like a student & there would be no need for others to keep correcting you.
Many of your posts are simple ramping.
But we still value your OPINIONS.
I also hold LTR.

Harrycat

Can you prove that my posts are ramping? by the way do you hold LTR?
if yes, can you tell us in few words what you like most about LTR, AND HOW DO YOU SEE LTR IN THE near future. I don't need my opinion to be valued .

Georgetrio - Harrycats right and its nice to see your opions, lets face it, if Harrycat, yourself and I were the top three shareholders it'd look far better than three fundmanagers with yearly crap stats!!.

EXPLOSIVE
never mind, i wish lattitude resources best luck, hopefully we will all make money and retire early. Apart from everything LTR is top banana and must perform.
best luck

Thanks Georgetrio, I agree LTR is looking very good and fingers crossed for early retirement! Good luck with your investments and continue to post your thoughts and research. May not always agree but its nice to have a rounded set of arguements to build an overall picture from.

explosive
will do, best luck

TB recommends sell on LTR for RHPS subscribers

And it looks like they all have.
2m shares traded so far & pretty much all sells.

i will not sell mine. patience and focus

Nope I'm stopping in also Georgetrio, looking at the article he's basically saying that Latitude has a big holding in Western Goldfields 'which could' be liquidated to provide the finance for its exploration programme in Chile. Western Goldfields sp has dropped from $2.60 in July to $2.08 today. So holding isn't worth as much, and if it keeps falling won't fund f@%k all.... LTR currently is a long way off production and without this capital become high risk to ever reach production.

We all know this is high risk, just another example of a so called pro losing his bottle! Actually I think Toms really alright, we should remember he has a job to do so has to be cautious. So any newbies DYOR and at the very least acknoledge TBs sale recommeddation and why!

Enough from me and fly to Antwerp tomorrow so back in about a week.

A dip in the sp will provide a very nice opportunity to buy cheap and wait. it won't be long before they comeback recommending it as a buy. the same happened to SEY, when the investor chronicle declared it a sell but few months later it came back as a buy. Longterm investor will smile. When one did his homework and nothing fundamental changes, it's normal to remain put. This may not be the best strategy for short investors. Best luck

Latitude Resources says invests 2.45 mln aud in Australia's Tanami Gold




LONDON (AFX) - Latitude Resources PLC said it has invested 2.45 mln aud in an Australian gold exploration and development group, Tanami Gold NL.

The investment is part of a 15 mln aud placement by Tanami at 0.25 aud per share.Tanami has acquired a major ground position in the Tanami-Arunta Province of central Australia, and has completed successful regional early stage exploration programs in its own right and through joint venture partners.

Tanami's production target for the year ending June 30, 2007 has increased from 60,000 to 70,000 ounces of gold. The company expects the commissioning of the Coyote Gold Mine mill and gravity circuit to start late July or early August, allowing the treatment plant to be ramped up to full production by the end of this quarter.

Latitude's principal focus for operations is on copper-gold prospects within Chile, but it also manages an investment portfolio through which it seeks to take minority stakes in other resource projects.

Activities
Latitude Resources plc and its subsidiaries are a mineral exploration and mining group. The Company was founded in April 2000 to explore for and develop base metal deposits in Latin America. The Groups operations and management were established in Santiago, Chile and since January 2004, corporate, administrative and financial services have been based in London. The Companys ordinary shares have been traded on OFEX since July 2000. In May 2005 the Company changed its name from Latin American Copper plc to Latitude Resources plc to reflect a new strategy seeking to expand the range of activities undertaken by the Group. The Group has five copper-gold projects and one copper-molybdenum project at the exploration stage in Chile. The copper-gold exploration projects are located in the highly prospective Chilean Coastal Cordillera region. The Company is specifically exploring for Iron Oxide Copper Gold targets similar to the Chilean Candelaria mine currently operated by Phelps Dodge Corporation.