LATEEGRA ANNOUNCES EGM RESULTS, PRIVATE PLACEMENT

July 16, 2008, Vancouver, BC: Lateegra Gold Corp. (the "Company") (LRG - TSX.V LTGA - Frankfurt) announces that Company received approval for all agenda items at the Extraordinary General Meeting ("EGM") held at the Company's head office July 16th, 2008.

The Company also wishes to announce a non-brokered private placement of up to 5,000,000 units at a price of $0.20 per unit for gross proceeds of $1,000,000. Each unit will consist of 1 common share and one non-transferable common share purchase warrant. Each warrant will entitle the holder to purchase one additional share of the Company at a price of C$0.25 for a period of 2 years after closing of the financing. Proceeds will be used for further acquisitions and for general working capital.

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.