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Publish Date : 15-Apr-2013

Lateral Gold Corp. ("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 milewide 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.

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