Lateegra Expands Ontario Holdings

Lateegra Gold Corp. (the "Company") (TSX VENTURE:LRG)(FRANKFURT:LTGB) announces
that it has executed a Letter of Intent ("LOI") with a group of prospectors by
which it will acquire a 100% undivided interest (subject to an underlying net
smelter royalty of 2.0% with an option to purchase 1% for $1 million) in a
mineral exploration project known as the "Stoughton Property" located in north
eastern Ontario. Pursuant to the terms of the proposed agreement, Lateegra can
earn an undivided 100% interest by making cash payments totalling $35,000 and
issuing a total of 1.5 million shares over a one year period.


About the Property:

The "Stoughton Property" is located in Stoughton Township, north eastern
Ontario, and consists of 18 claims (140 units) covering an area of approximately
22.4 sq. km. The Property cover the southeast portion of Lake Abitibi known as
the "Boundary Bay" area, and is located approximately 125 km east of Timmins,
Ontario.


The area has an exploration history which dates back to 1891, when gold was
first discovered on the Property. A mining camp was established on the claims,
and historical sampling returned values of up to 0.17 oz per ton Au in 1907
($3.40 per ton, gold price at $20.00 in 1907).


In the 1980's, Noranda Exploration Company Limited acquired the Property and
conducted ground geophysical surveys, geological mapping, channel sampling and
diamond drilling. Channel sampling of a sheared porphyry from a historical pit
on what is known as "Island 524" yielded 0.15 oz Au per ton across 16 feet. A
follow up drill hole undercut the porphyry shear zone and returned an assay of
0.24 oz Au per ton Au over a core length of 2.5 feet. Based on their exploration
work during the 1980's, Noranda identified 2 gold bearing sheared porphyry
systems approximately 350m apart. Both porphyry systems intrude mafic and
ultramafic rocks with strike lengths of up to 4500 feet. Noranda also noted that
the highest gold values from drilling were returned from altered, hematized
porphyries with 5 to 35% quartz carbonate veining and mineralized with 2 to 5%
disseminated pyrite.


Limited geological mapping and sampling was recently completed by the Property
vendors, which revealed widespread hematized porphyries cross cutting mafic and
ultramafic rocks. Several channel samples were collected and returned values of
up to 1.92 g/t Au over 5 metres. This work was completed this past summer when
local water levels were extremely low.


Near term exploration plans on the "Stoughton Property" include airborne
magnetics, grid establishment, I.P. (induced polarization) surveying which will
be followed by diamond drilling. Exploration is expected to commence late this
fall as weather conditions permit.


"Lateegra is pleased with the Stoughton Property acquisition as the Company
continues to expand its focus on quality gold projects in the Abitibi region of
northern Ontario and Quebec," stated president and CEO Chris Verrico. "We are
particularly intrigued with the altered porphyry systems on the Stoughton, as
these types of rocks are known to host world class gold deposits in the nearby
Timmins Gold Camp."


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.