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May 2, 2008, Vancouver, B.C.: Lateegra Gold Corp. (the “Company”) (LRG–TSX.V LTG-Frankfurt) wishes to provide the following update regarding recent news concerning mining concessions in Ecuador.
The Company has been advised by optionee MPH Ventures Corp. on the Company’s M10 property that due to recent political events and announcements made by the Ecuadorian government, MPH will no longer be proceeding with its option agreement, citing the “Force Majeure” provision of the option agreement.
Similarly, the Company wishes to announce the invoking of “Force Majeure” with respect to property purchase agreements within Ecuador, and the simultaneous suspension of any work related to its Ecuadorian holdings. In light of the current political environment in Ecuador, the Company will perform a thorough assessment of all of its holdings once the stability of operating in the country becomes clearer.
As readers are aware, the government of Ecuador has cancelled most of the mineral concessions in the country and suspended all operations within the country for at least 180 days.
Further updates will be provided as the Company receives information concerning the status of mining laws in Ecuador.
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.
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Lateegra Gold Corp. 
