LATEEGRA ANNOUNCES AMENDED PRIVATE PLACEMENT

August 21, 2008, Vancouver, BC: Lateegra Gold Corp. (the "Company") (LRG - TSX.V LTGA - Frankfurt) announces that it has repriced its private placement originally announced on July 16, 2008, subject to TSX Venture Exchange approval. The private placement of 5,000,000 units is now set at $0.12 per unit for total gross proceeds $600,000. Each unit will consist of one common share and one non-transferable share purchase warrant, each warrant exercisable into one additional common share at a price of $0.17 per share for a period of two years.

Finders' fees may be payable in whole or in part on the units issued under the financing, in accordance with TSX Venture Exchange Policy.

ON BEHALF OF THE BOARD OF DIRECTORS

"Chris Verrico",
CEO and Director 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.