Latitude 66 Limited provided an exploration update on its Kuusamo Schist Belt Project located in Northern Finland. So far, the program has targeted both K-South and K-North mineralisation extensions to confirm potential strike, plunge and grade continuity with follow up step out drilling to be undertaken should results from the initial drilling be successful. The Company will now shift focus to numerous early-stage targets across the K-South prospective region which have been defined through geophysics and base of till sampling.

Lat66 plans to test several key target areas approximately 15kms south of K-North (Figure 1), with drilling to be focused on defining a maiden JORC Resource Estimate at K-South through: Extending the strike length of previously drilled targets at K9, K8, K7, K10; and Drill testing conceptual EM targets, with 34 targets having been generated to date. K13 and K12 will be the first of these to be tested, based on geological and geophysical (EM, magnetics) interpretation. The Company has achieved previous drilling success in the K-South region, highlights from the 2021 and 2022 drilling programme include: K9 drilling results: L66K9DD008: 13.5 m @ 6.3 g/t Au & 0.18 % Co from 21.1 m; L66K9DD008: 13.8 m @ 3.6 g/t Au & 0.04 % Co from 62.7 m; L66K9DD005: 11.0 m @ 3.3 g/t Au & 0.07 % Co from 73.35 m; L66K9DD009: 12.2 m @ 1.8 g/t Au & 0.05 % Co from 118.9 m; L66K9DD001: 50.2 m @ 0.45 % Co, 0.2 g/t Au from 124.75 m; K8 drilling results: L66K8DD001: 4.0 m @ 4.1 g/t Au & 0.03 % Co from 55.25 m to 59.2 m; L66K8DD002: 3.8 m @ 9.5 g/t Au & 0.02 % Co from 77.9 m to 81.7 m; L66K8DD002: 10.3 m @ 4.8 g/t Au & 0.04 % Co from 89.75 m to 100 m; L66K8DD003: 9.3 m @ 4.3 g/t Au & 0.03 % Co from 23.9 m to 33.2 m; K10 drilling results: L66K10DD005: 4.8 m @ 4.1 g/t Au, 0.12 % Co from 322.7 m to 327.5 m. K9 Prospect: A drill campaign was completed in April 2024 and included two diamond holes for 235.6m.

Holes were designed to confirm continuity of mineralisation along strike from previous wide, high-grade intersections up to 13.5m @ 6.3g/t Au & 0.18% Co (L66K9DD008). Oriented diamond holes were also designed to provide additional information on the structural controls on mineralisation. All assay results are pending.

Re-interpretation of data from previous drilling has identified a potential NW trending brittle fault zone that is interpreted as offsetting the mineralised structure, resulting in a repeat of the mineralisation. The implications of this offset, together with the updated mineralisation model, means the zone of dip. Additonal drilling will be planned following receipt of all assays to target extensions to mineralisation.

The K8 prospect is located at the northern end of K-South, proximal to the Kitka Fault. This regionally significant structure is interpreted as being responsible for the generation of mineralised fluid flow throughout the K-South Project area. The prospect has been drill tested by Lat66 previously with high-grade mineralisation defined over a strike length of approximately 250m.

To date, controls on mineralisation have been poorly understood, however a re-logging and geochemical immobile element assessment, completed by the Lat66 geological team has identified a favourable geological host that requires additonal drill testing to determine its extents along strike and down plunge. The K10 prospect area has been defined from previous exploration including VTEM, FLEM and subsequent drilling, where previous intersection up to 4.8 m @ 4.1 g/t Au & 0.12% Co from 322.7m (L66K10DD005) were returned. Proposed drilling is planned to test up-dip from this intersection, as well as along strike, where Base of Till (BoT) drilling has intersected anomalous gold results up to 1.4g/t Au4.

This BoT intersection is located ~100m along strike (NW) from L66K10DD005 and is located on the same stratigraphic horizon, which is coincident with a VTEM modelled plate.