LATEEGRA CANCELS OPTIONS

January 8, 2010, Vancouver, BC:  Lateegra Gold Corp. (the “Company”) (LRG – TSX Venture) announces the cancellation of a total of 44,000 options granted to officers and directors at an exercise price of $1.60 per share.  While the options may be reserved for issuance to consultants, they will not be re-issued to officers or directors.

ON BEHALF OF THE BOARD OF DIRECTORS

Chris Verrico, President, CEO
Lateegra Gold Corp.

“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."

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.