Laguna Resources’ initial drilling results at Arqueros Gold Project January 25, 2010

Laguna Resources (ASX: LRC) has released initial RC drilling results from its 100% owned Arqueros Gold Project which is located in the World Class Maricunga Gold Belt of Chile. These results include an exceptional drill intersect of:

• 111 metres at 1.23 g/t gold equivalent from 67 metres in AR09-09.

Better results in gold equivalents (AuEQ60) from Arqueros South Deposit include:

• AR09-03 12 metres at 2.7 g/t gold equivalent
• AR09-05 13 metres at 3.5 g/t gold equivalent
  • including 4 metres at 7.1 g/t gold equivalent
• AR09-06 3 metres at 3.9 g/t gold equivalent
• AR09-07 6 metres at 3.1 g/t gold equivalent
• AR09-10 6 metres at 3.8 g/t gold equivalent
• AR09-12 2 metres at 6.6 g/t gold equivalent
• AR09-16 3 metres at 7.3 g/t gold equivalent
• AR09-24 5 metres at 4.9 g/t gold equivalent

Better results in gold equivalents (AuEQ60) from the Arqueros North Deposit include:

• AR09-21 36 metres at 1.2 g/t gold equivalent
• AR09-22 28 metres at 1.2 g/t gold equivalent

The drilling programme commenced in late November 2009 and to date has completed approximately 6,500 metres of RC drilling in 30 holes. The Company currently has two drilling rigs operating on site. This programme is designed to delineate known mineralisation, verify the results of historical underground drilling and extend the current resource base.

Click here to view the full announcement.

For further information, please contact:

Nick Lindsay
Managing Director
Tel: +61 8 9200 6280
E-mail: info@lagunaresources.com

Media:
Fortbridge +612 9331 0655
Bill Kemmery +61 400 122 449
bill.kemmery@fortbridge.com