Lateegra Gold Corp.
TSX VENTURE : LRG
FRANKFURT : LTGB

Lateegra Gold Corp.

May 19, 2010 15:13 ET

Lateegra Prepares for Drilling

VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 19, 2010) - Lateegra Gold Corp. (the "Company") (TSX VENTURE:LRG)(FRANKFURT:LTGB) is pleased to announce that drilling is expected to commence imminently on its newly acquired DeSantis Mine project in the West Timmins area, Ontario.

The Company is in the process of compiling all the data from the greater than 300 historic drill holes, along with shafts and drift development down to the 1175 foot level, into a 3D model. The Company is currently reviewing the interpretations from the model, and has targeted certain areas within the Hydrothermal and Albitite zones for immediate drill testing. The first phase of drilling is expected to commence next week.

President and CEO, Christopher Verrico, states: "Having literally 10's of millions of dollars of work, in present days terms spent on exploration and underground development, this project in concert with modern geological understanding of the belt could not come at a more exciting time for Lateegra. We are looking forward to exciting news for several months to come."

The Company also announces that it has granted incentive stock options under its stock option plan to directors and consultants for the purchase of up to 200,000 common shares of the Company for a period of two years at a price of $0.25 per share.

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.

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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