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September 22, 2009, Vancouver, BC Lateegra Gold Corp. (the "Company") (LRG - TSX Venture) announces the signing an agreement to acquire 11 additional mineral claims southwest of Timmins, Ontario. The Hopkins Lake claims consist of 143 claim units, covering an area of approximately 5,720 acres have been acquired from arms length Vendors. The claims are located in Price and Fripp Townships, adjacent to and east of the Company's previously announced Ranger property (see NR's July 20, 2009). Similar to the acquisition of the Ranger property, the Hopkins Lake claims were acquired to cover several anomolies outlined in a 2007 Ontario Geological Survey Megatem II survey.
Acquisition costs are a total of $110,000 payable over 24 months, including $20,000 payable on signing, and the issuance of a total of 1,000,000 shares of the Company on Exchange approval. The Vendors will retain a two and one-half percent Net Smelter Royalty ("NSR"), of which one-half percent can be purchased by the Company for $1,000,000, leaving the Vendors with a two percent NSR. A finders fee will be payable on this transaction in accordance with TSX Venture Exchange policy. The agreement is subject to the approval of the TSX Venture Exchange.
The Company continues to seek additional opportunities in the Timmins area, having now acquired approximately 48,000 acres to date, making Lateegra one of the largest land-holders in the western Timmins area. A complete historical review of each property acquired is currently being compiled, with the Company planning to aggressively pursue exploration recommendations on several of the recently acquired claims this fall. The Company will announce details of specific work programs upon commencement of work activities.
ON BEHALF OF THE BOARD OF DIRECTORS
"Peter Dickie"
Peter Dickie, Director
"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.
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Lateegra Gold Corp. 
