Lateegra Gold Corp.

Lateegra Gold Corp.

December 14, 2006 03:05 ET

Lateegra Updates 100% Owned El Condor

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Dec. 14, 2006) - Lateegra Gold Corp. (the "Company") (TSX VENTURE:LRG)(FWB:LTG) wishes to announce the following update:

Ecuador - El Condor Project: The Company has completed a surface geochemical survey over the entire El Condor property collecting over 1000 samples which are currently at ALS Chemex Labs undergoing Mobile Metal Ion (MMI) testing, an exacting multi-element suite of tests required to be evaluated in batches to eliminate background contamination within the laboratory. While the Company anticipates receiving results shortly, the entire suite of results will need to be analyzed in order to define trenching/drilling targets. MMI proved to be a valuable target identification method utilized initially at Aurelian's nearby Fruta del Norte discovery and is felt to be necessary at Lateegra's "El Condor" property due to a lack of readily exposed rock outcropping. While the results are pending, it should be noted that visible gold has been hand panned high up in the streams draining the property (pictures available on the website) indicating the nearby presence of auriferous rock units.

Management is sufficiently encouraged with the early results that it has hired a logistics specialist with extensive in-country experience to assist Luc Pigeon P.Geo and Jeffrey Reeder P.Geo to design, expedite and execute a surface trenching program scheduled for January 2007, aided with results from the MMI geochemical sampling program. The company has also secured the surface rights to over 70% of the project guaranteeing unimpeded access to aid project advancement.

The Company also wishes to forward the following comments on recent news of local opposition in the region of the Mirador development, from the Vice President of Ecuador's mining chamber CME, Cesar Espinosa, who has publicly stated that the communities in the mine's zone of influence are not the ones instigating the protests: "Those communities are pro-mining and I would calculate that 90% of the population is in favor of mining."

The El Condor project is located within 3 Km's from Aurelian Resources' recent world class discovery at the Fruta Del Norte, (FDN), and immediately adjacent to and south of Aurelian's "El Tigre" drill target which Aurelian has announced (news release 06-12-05) should be drilled in the first quarter of the New Year.

The technical information in this news release has been reviewed by, Jeffrey Reeder P.Geo. a Qualified Person as defined in national policy 43-101.



Michael Townsend, President

This news release contains certain "Forward-Looking Statements" within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, included herein are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations are disclosed in the Company's documents filed from time to time with the British Columbia Securities Commission and the United States Securities & Exchange Commission.

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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