LRG Lateegra Gold Corp Com

Lateegra Gold Corp. (the "Company") (TSX VENTURE:LRG)(FRANKFURT:LTGB) announces
that it has arranged, subject to TSX Venture Exchange acceptance, a private
placement of 5,625,000 flow-through units (the "FT Units) at $0.40 per FT Unit
for total gross proceeds of $2,250,000 and a private placement of 2,142,858 non
flow-through units (the "NFT Units) at $0.35 per NFT Unit for total gross
proceeds of $750,000.


Each FT Unit consists of one flow-through common share and one-half of one
transferable share purchase warrant, each whole warrant exercisable into one non
flow-through common share for a period of one year at a price of $ 0.50 per
share.


Each NFT Unit consists of one common share and one-half of one transferable
share purchase warrant, each whole warrant exercisable into one non flow-through
common share for a period of one year at a price of $ 0.50 per share.


Finders' fees may be payable in whole or in part on the placement pursuant to
the policies of the TSX Venture Exchange.


Proceeds will be used for qualified exploration expenditures on the Company's
mineral properties and for general working capital. 


The Company also wishes to advise that while remaining Chief Consulting
Geologist and Q.P., Robert Duess, P.Geo, due to personal reasons and time
constraints, has retired his position as Company VP Exploration.


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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