Latitude Consolidated Limited (ASX: LCD) ('Latitude' or 'the Company') is pleased to announce the signing of a Binding Agreement (Share Sale Agreement) with Silver Lake Resources Ltd (ASX: SLR) (Silver Lake) to acquire 100% of the issued capital of Andy Well Mining Pty Ltd (Andy Well), the owner of the Andy Well and Gnaweeda Projects.

Combined, the Andy Well and Gnaweeda projects, cover 343km-2 within the prolific Murchison Gold Fields and host an existing JORC 2012 Mineral Resource estimate of 776,000oz gold with clear pathway for resource growth through the drilling ofseveral previously defined exploration targets.

Management Commentary

Commenting on the acquisition, Latitude Chairman Timothy Moore said: 'This is a tremendous development for Latitude and after diligently reviewing several project opportunities over recent months, we are pleased to report the acquisition of the Andy Well and Gnaweeda Gold Projects in WA.

The Board's intention has been to identify a strategic acquisition opportunity that provides our shareholders with exposure to a compelling geological story, with a clear pathway to generate growth through brownfields exploration, and we believe Andy Well and Gnaweeda tick both of these boxes comfortably.

The Murchison Gold Fields in WA is a prolific mining province with several multi-million ounce gold mines and operating mills located within trucking distance of the Andy Well and Gnaweeda Projects, so the opportunity to rapidly advance these assets is very attractive. Upon completion of the transaction, Latitude will welcome Tim Davidson as Chief Executive Officer and Paul Adams as a Non Executive Director. Both Tim and Paul are highly experienced mining professionals who will bring to the table the skills and networks required to transition Latitude to the next level. This is an exciting time for Latitude and its shareholders and I look forward to providing further updates as due diligence progresses and exploration activity from across our portfolio is completed.'

Contact:

Sam Burns

Tel: +61 400 164 067

About Latitude Consolidated

Latitude Consolidated (ASX: LCD) is an ASX listed Perth based resources development company currently focused on exploring opportunities in Australia. Latitude currently holds a portfolio of prospective gold tenements in Western Australia and South Australia.

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