🕐28.07.09 - 00:37 Uhr

News Release for delayed dissemination



LATEEGRA ACQUIRES ADDITIONAL TIMMINS BELT PROPERTIES

July 28, 2009, Vancouver, BC: Lateegra Gold Corp.

(the "Company") (LRG - TSX Venture) is pleased to announce the acquisition of two additional properties in the Timmins area of Ontario.

The Price property, consisting of 5 mineral claims (52 claim units) covering a total of approximately 2080 acres located 20kms southwest of Timmins, and approximately 8kms east-southeast of the West Timmins Mining "Golden River Zone".

The Eastern Extension Property consists of 4 mineral claims (18 claim units) covering a total of approximately 720 acres located 9kms southwest of Timmins, and approximately 9 kms due east of the Lake Shore Gold - West Timmins "Thunder Creek" project.

Results published by Lake Shore and West Timmins (see NR June 24, 2009) show promising results for a resurgence in this historic mining camp including drilling results of 12.75 grams per tonne gold over an 83.4 meter intercept.

The Price and Eastern Extension Properties have been acquired from arms length Vendors.

Acquisition costs are a total of $90,000 and 600,000 shares as follows:
- $15,000 paid on signing of the agreement;
- 600,000 shares of the Company on Exchange approval;
- $25,000 cash 12 months after the date of the agreement;
- $50,000 cash 24 months after the date of the agreement;

The Company must also incur a minimum of $50,000 in qualified exploration
expenditures on the property in each of the first two years of the agreement.

The
Vendors will retain a two and one-half percent Net Smelter Royalty ("NSR"), of
which one-half (one percent) can be purchased by the Company for $1,000,000, leaving
the Vendors with a two percent NSR.

A finders fee will be payable on this transaction in
accordance with TSX Venture Exchange policy.

"We are excited to enhance the Company"s land holdings in this historic gold mining district.

With activity increasing following the recent release of results, land positions in the area are becoming more and more difficult to obtain" states Lateegra Director, Peter Dickie.

ON BEHALF OF THE BOARD OF DIRECTORS

"Peter Dickie"
Peter Dickie, Director

"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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