Lateegra Gold Corp. (TSX VENTURE:LRG)(FRANKFURT:LTGB) announces the results from
the latest 9 drill holes (DS-10-7 to DS-10-15) that were recently completed on
the DeSantis Project. Since June 2010, a total of 15 holes totalling 5888 metres
have been drilled with the primary objective to confirm the continuity and grade
of gold mineralization reported in historic underground and surface drilling.
The DeSantis Mine lies immediately north of the Destor Porcupine Fault Zone, and
is located approximately mid way between the Hollinger Gold Mine and Lake Shore
Gold's Timmins West Mine. The property consists of approximately 818 hectares
and covers a regional strike length of approximately 5.1 kilometres.


Four of the nine holes (DS-10-7 to DS-10-10) were drilled to further test the
Hydrothermal Zone (HTAZ) at depths varying from 175 to 225 metres vertically
below surface. These holes were collared approximately 150 to 200 metres west of
the Main Shaft, with holes DS-10-8 and DS-10-9 drilled from the same set up. All
holes were drilled from south to north. The HTAZ was intersected in each hole,
consisting of zones of strong deformation and alteration, including quartz
carbonate veining, tourmaline, pyrite, arsenopyrite and anomalous gold
mineralization. Significant results are summarized in the following table.




----------------------------------------------------------------------------
Hole               Dip      Zone      From        To   Core Length    Au g/t
----------------------------------------------------------------------------
                   -60                                                      
DS-10-08     degrees N      HTAZ    195.83    203.91          8.08      1.71
----------------------------------------------------------------------------
                                                                            
                       including    200.71    203.91          3.20      3.18
----------------------------------------------------------------------------
                   -70                                                      
DS-10-09     degrees N      HTAZ    200.41    201.63          1.22      1.98
----------------------------------------------------------------------------
                   -70                                                      
DS-10-10     degrees N      HTAZ    214.27    217.02          2.75      1.47
----------------------------------------------------------------------------
Note: DS-10-07 intersected anomalous gold values, up to 0.88 g/t over a core
length of 0.61 metres.                                                      
----------------------------------------------------------------------------



Five holes, DS-10-11 to DS-10-15 were drilled to test the "Green Carbonate" and
"Albitite" zones at depths ranging from 300 to 400 metres vertically below
surface, and approximately 20 to 70 metres east of the Main Shaft. Holes
DS-10-11 and DS-10-12 veered to the west, and intersected a diabase dike prior
to reaching target depth. Holes DS-10-14 and DS-10-15 intersected a highly
altered, fractured porphyry system (termed "white albitite zone" in historical
drilling) which intrudes a broad zone of carbonate and fuchsite altered
ultramafics rocks. Gold mineralisation was found to occur within the porphyry
and altered host rock. Significant results are summarized in the following
table.




----------------------------------------------------------------------------
Hole      Degrees              Zone      From        To   Core Length Au g/t
----------------------------------------------------------------------------
              -72                                                           
DS-10-13  degrees   Green Carbonate    336.35    337.72          1.37   2.37
----------------------------------------------------------------------------
              -58                                                           
DS-10-14  degrees   Porphyry System    376.43    381.46          5.03   0.82
----------------------------------------------------------------------------
                          including    378.41    379.02          0.61   3.65
----------------------------------------------------------------------------
              -74                                                           
DS-10-15  degrees   Porphyry System     357.3     362.7          5.40   0.94
----------------------------------------------------------------------------
                    Porphyry System    373.23    375.97          2.74   3.78
----------------------------------------------------------------------------
                    Porphyry System    386.49    394.56          8.07   0.93
----------------------------------------------------------------------------
Note: Holes DS-10-13 and DS-10-14 were drilled from the same set up.        
----------------------------------------------------------------------------



The geometry of this gold bearing porphyry system is poorly understood due to
limited drilling in the area. Follow up exploration on this zone, especially at
depth, will be the primary focus of the next phase of drilling, expected to
commence in January 2011.


"A sizeable pregnant gold system exists on the DeSantis property as recent
drilling has encountered significant gold mineralization in a variety of
geological settings," stated President and CEO, Christopher Verrico. "We are
particularly excited about the gold mineralization associated with the altered
porphyry; a geological setting similar to several of the major producers in the
Timmins Camp."


All split and/or sawn core drill samples were submitted to Swastika Laboratories
Ltd, Swastika Ontario, for analysis. All gold assaying was performed using a 30
g standard fire assay with an AA and/or gravimetric finish. 


The technical information in this news release has been prepared in accordance
with the Canadian regulatory requirements set out in National Instrument 43-101
and reviewed on behalf of the Company by Robert Duess, P.Geo., a Qualified
Person.


ON BEHALF OF THE BOARD OF DIRECTORS

Christopher Verrico, President and CEO

Cautionary note: This report contains forward looking statements, particularly
those regarding cash flow, capital expenditures and investment plans. Resource
estimates, unless specifically noted, are considered speculative. The company
has not filed a National Instrument 43-101 report on any property, but will do
so as soon as the information is available. Any and all other resource or
reserve estimates are historical in nature, and should not be relied upon. By
their nature, forward looking statements involve risk and uncertainties because
they relate to events and depend on factors that will or may occur in the
future. Actual results may vary depending upon exploration activities, industry
production, commodity demand and pricing, currency exchange rates, and, but not
limited to, general economic factors. Cautionary Note to US investors: The U.S.
Securities and Exchange Commission specifically prohibits the use of certain
terms, such as "reserves" unless such figures are based upon actual production
or formation tests and can be shown to be economically and legally producible
under existing economic and operating conditions.
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