Laredo Resources Corp. Contracts Pony Mountain

Laredo Resources Corp., (OTCQB:LRDR) ("Laredo") is pleased to announce that it has signed the final definitive contract for the Sale and Purchase of the Pony Mountain Gold Property in Pony Mountain, Montana, USA.

The sum of $200,000 has already been paid out and applied to the purchase price. The balance of $2,800,000 is to be paid in equal quarterly installments of $250,000.  Under the agreement the sellers retain a 2% NSR.

The Pony Mountain Gold property is located in the premier, gold-producing Mineral Hills District in South Western Montana. This 4000-acre package, assembled over decades by a local family and an area geologist, consists of several previously-mined, underground, hard-rock vein systems, and contains 'dumps' created by 'drifted tunnels'.

For further information on Laredo Resources Corp & Pony Mountain Gold: www.laredoresources.com, www.ponymountaingold.com

Laredo Resources Corp. Safe Harbor Statement

This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements, based on the current plans and expectations of management, are subject to a number of uncertainties and risks that could significantly affect Laredo's current and future plans and expectations, which Laredo undertakes no future obligation to publicly revise.

No stock exchange or regulatory organization in the USA or Canada accepts responsibility for the adequacy or accuracy of this release.

CONTACT: Robert C. Gardner
         Phone: [phone]
         E-mail: [e-mail]
         Websites: www.laredoresources.com
         www.ponymountaingold.com