Lateegra Gold Corp.

Lateegra Gold Corp.

April 26, 2007 03:05 ET

Lateegra Drills 5 Meters of 12.81 Grams Gold and 27.8 Grams Silver per Tonne at Picacho

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - April 26, 2007) - Lateegra Gold Corp. (the "Company") (TSX VENTURE:LRG)(FRANKFURT:LTG) and Tara Gold Resources Corp (PINK SHEETS:TRGD)(FRANKFURT:T8N) are pleased to announce results from the first assayed drill hole in a first phase drilling program at El Picacho, Mexico.

The now complete 2,569 meter, 14 drill-hole, first phase drilling program (see NR February 23, 2007), was designed to confirm and expand upon historic data derived from 22 historic drill holes and sampling from within existing underground development. Core logging has been completed and samples have been received and prepared by ALS Chemex Ltd. laboratory, in Hermosillo, Sonora. The sample pulps will be shipped for analysis to the ALS Chemex laboratory in Vancouver, B.C.

Results from the first drill hole MPDH-07-01, processed on a rush basis, are listed in the table below:

Ag Au Ag Au Interval
FROM TO (m) (ppm) (ppm) (ppm) (ppm) (m)
80.50 81.50 1.00 21 6.11
81.50 82.50 1.00 21 21.40
82.50 83.50 1.00 11 8.75 27.80 12.81 5.00
83.50 84.50 1.00 67 21.60
84.50 85.50 1.00 19 6.17

The Company is very pleased with these results as they provide verification for historically reported drill-hole results.

To date, a total of 14 drill holes have been completed by the Company intercepting the mineralized quartz breccias and/or veins in 13 of the holes. The vein structure remains open to depth and along strike to the southeast. Additional results will be announced upon receipt of analysis by the Company.

An extensive ground magnetic geophysical survey has now been completed. The data is currently being evaluated and incorporated into the Picacho database. These results, along with pending surface and underground geochemical trenching results will be compiled for geological modeling purposes to aid in planning the Phase 2 drill program, currently proposed for mid May.

The Company is compliant under National Instrument 43-101 for the Picacho Project. Jeffery Reeder, P.Geo., and Luc Pigeon, P.Geo., are the Qualified Persons responsible for the exploration program and supervision of the quality control/quality assurance programs for the Picacho project. A quality control program of standards, duplicates and blanks is maintained.


Chris Verrico, CEO and Director

About the Company: Lateegra Gold Corp. is an exploration and development Company with a focus on precious metals in Mexico and South America. The Company currently has interests in properties in Mexico and Ecuador. The Picacho Mine in Mexico has extensive underground workings and mill facilities. The La Guadalupana mine, which has seen previous bulk sample work including a 12.5 ton sample that returned 4 g/t Au, 20 oz/t Ag and 29.9% Cu. In Ecuador, the Company owns the El Condor property, located within Aurelian Resources property containing their massive Fruta del Norte discovery. The Company also has the recently acquired M10, which is the subject of a joint venture with MPH Ventures, and the Auripumba. The Company is well funded, having recently completed two multi-million dollar financings.

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.

The TSX Venture Exchange has not yet reviewed and does not take responsibility for the adequacy or accuracy of the content of this news release.

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