Lateegra Gold Corp.

Lateegra Gold Corp.

October 29, 2009 10:16 ET

Lateegra Commences Work in Timmins

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 29, 2009) - Lateegra Gold Corp. (the "Company") (TSX VENTURE:LRG)(FRANKFURT:LTGB) is pleased to announce the commencement of work on the Company's "Eastern Extension" property. The property is located within the heart of the Timmins West Mining Camp, approximately 14 km from the Timmins West Project (Lake Shore Gold) and the Thunder Creek Project (Lake Shore – West Timmins joint venture). The "Eastern Extension" property consists of 18 claim units (approximately 720 acres) and is located in the western portion of Ogden Township.

Historical work on the property includes 11 drill holes, dating back to 1947. All of these holes encountered broad zones of strong deformation, and strong alteration, including sericite, carbonate, fuchsite, quartz veining, and pyrite mineralization. The most recent exploration work completed on the "Eastern Extension" property was conducted by the Porcupine Joint Venture in 2004, consisting of ground geophysical surveying (I.P. and magnetics). Several I.P. anomalies were detected; however, no drilling was conducted.

Exploration work on the "Eastern Extension" property is expected to commence with the next few weeks. This first phase of exploration will include reviewing and re-sampling any available historic core taken which might be available, grid – re establishment, and an initial drilling program of 3,000 metres. Drilling will be targeted to test certain I.P. anomalies as well geological areas of interest (deformation, alteration, mineralization) as identified by historical drilling.

Lateegra has accumulated a land package of close to 50,000 acres in the west Timmins Area, and has contracted Doug Blanchflower, P.Geo. of Minorex Consulting Ltd., to perform a review of historic activities on all of the Company's properties in the Timmins area. The Company has also contracted Robert Duess, P.Geo, President & Senior Consulting Geologist for Duess Geological Services Ltd., to oversee activities locally in Timmins. Mr. Duess has over 20 years experience in the Timmins camp, including serving as VP Exploration for Band-Ore Resources, and his current duties as technical advisor to West Timmins Mining Corp.

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.

Peter Dickie, Director of Lateegra, states, "We are pleased to be able to utilize the expertise of both of these experienced geologists who are helping us create an extensive exploration campaign for our holdings. We are very pleased to see the Eastern Extension property selected for exploration first, amongst our nearly 50,000 acres in the camp. Although there has been little news from the west Timmins camp pending the business combination vote between West Timmins Mining and Lake Shore Gold, we anticipate both news and activity will accelerate once the business combination is voted on."


Peter Dickie, Director

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.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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