Lateegra Gold Corp.

Lateegra Gold Corp.

October 14, 2010 13:57 ET

Lateegra Appoints New Director and New Vice President

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 14, 2010) - Lateegra Gold Corp. (the "Company") (TSX VENTURE:LRG)(FRANKFURT:LTGB) is very pleased to announce that Mr. Thor E. Eaton has agreed to join its Board of Directors.

Mr. Thor Eaton is a highly regarded and well known businessman and philanthropist. Mr. Eaton serves as Chairman of Notae Investments Ltd. and the Eaton Foundation. He has been a director of Attwell Capital Inc. (formerly Fralex Therapeutics Ltd.) since March, 2005, and a director of West Timmins Mining Inc. since September, 2006. Mr. Eaton is a director of Metaris Inc. and served as an independent director of Band-Ore Resources Ltd. He also served as director of T. Eaton Co. Ltd. from 1973 to 1999. Mr. Eaton created the Thor E. and Nicole Eaton Family Charitable Foundation, which has contributed to the livelihood of hospitals, environmental groups and Canadian cultural institutions, such as the Royal Ontario Museum, St. Michael's Hospital, the National Ballet of Canada and the Atlantic Salmon Association.

The Company is also very pleased to announce that Mr. Robert Duess, P.Geo., has been appointed Vice President, Exploration. Mr. Duess currently leads the Company's exploration program in Ontario. He has extensive experience in the Timmins Gold Camp extending back to the discovery of the Golden River Deformation Zone for Band-Ore Resources in 1996. Mr. Duess, former director and Vice President of Exploration for Band-Ore Resources, more recently held the role of senior technical consultant to West Timmins Mining Inc. which amalgamated with Lake Shore Gold Ltd. in a deal valued at $424-million in November, 2009.

"We are very pleased with the appointment of Mr. Eaton to our Board and Mr. Duess as Vice President, Exploration as these two individuals bring a wealth of experience to our Company," stated President and CEO Chris Verrico. "The Company now boasts an extremely strong board and management team; a team well experienced in the Timmins West camp, and a team that can greatly assist Lateegra not only in developing our key asset, the DeSantis Mine, but also to guide the Company in future acquisitions."

Mr. Patrick Morris has resigned as director of the Company. The Company thanks Mr. Morris for his dedication over the past few months.


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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