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October 8, 2008, Vancouver, BC: Lateegra Gold Corp. (the “Company”) (LRG – TSX Venture) announces that it has closed its private placement (see News Release dated September 25, 2008) of 4,841,000 units at $0.10 per unit for total gross proceeds of $484,100. Each unit consists of one common share and one non-transferable share purchase warrant entitling the holder to purchase one additional common share at a price of $0.12 per share on or before October 8, 2010.
All securities issued under the placement are subject to hold periods expiring on February 9, 2009. Proceeds from the private placement will be used for general working capital.
The Company paid finder’s fee in the amount of $4,998.
ON BEHALF OF THE BOARD OF DIRECTORS
"Chris Verrico"
Chris Verrico, CEO
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.
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.
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Lateegra Gold Corp. 
