LATEEGRA CLOSES PRIVATE PLACEMENT

August 10, 2010, Vancouver, BC:  Lateegra Gold Corp. (the “Company”) (LRG – TSX Venture) is pleased to announce that it has closed its private placement of 2,000,000 units at $0.30 per unit for total gross proceeds of $600,000.  Each unit consists of one common share and one transferable share purchase warrant authorizing the holder to purchase one additional common share until February 10, 2012, at a price of $0.45 per share.

The Company paid a total of $15,750 in finders’ fees and issued share purchase warrants authorizing finders to purchase up to 52,500 common shares of the Company at a price of $0.45 per share until February 10, 2012.

All securities issued under the placement are subject to hold periods expiring on December 11, 2010. 

The proceeds of the placement will be used for up coming property payments and for general working capital.

ON BEHALF OF THE BOARD OF DIRECTORS

"Chris Verrico"
Chris Verrico, President and CEO

 “Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release."