LATEEGRA ANNOUNCES  NON-BROKERED PRIVATE PLACEMENT TO RAISE UP TO $750,000

March 3, 2010, Vancouver, BC:  Lateegra Gold Corp. (the “Company”) (LRG – TSX Venture) announces that it has arranged, subject to TSX Venture Exchange approval, a non-brokered private placement consisting of up to 3,000,000 units (the “Units”) at $0.25 per Unit, for gross proceeds of up to $750,000.  Each Unit will consist of one common share of the Company and one whole transferrable share purchase warrant, each warrant exercisable into one additional common share of the Company for a period of 24 months from the date of issue at a price of $0.40 per share.

All warrants issued under the placement will be subject to an acceleration clause whereby if at any time after four months and one day following closing of the placement, the closing price of the Company’s common shares is $1.00 or more for a period of 20 consecutive trading dates, the Company will have the option to require the earlier exercise of the warrants within 30 days of formal notice from the Company.

Finder’s fees, in accordance with TSX Venture Exchange policy, may be payable in whole or in part on the gross proceeds raised.  Proceeds from the private placement will be used to fund acquisitions, such as the recently announced Desantis Mine (see news release Feb 9, 2010) and for general working capital.

ON BEHALF OF THE BOARD OF DIRECTORS

"Chris Verrico"
Chris Verrico, President

 “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."