Lateegra Gold Corp. 
LATEEGRA COMPLETES DRILLING, ARRANGES FINANCING
July 15, 2010, Vancouver, BC: Lateegra Gold Corp. (the “Company”) (LRG – TSX Venture) is pleased to announce that a six hole drill program totalling 2678 metres has now been completed on the DeSantis Mine project in the West Timmins area, Ontario (see press release dated June 24, 2010). The program was designed to test and confirm historical drilling on the Hydrothermal (“HTAZ”), Albitite, Contact, and Arsenopyrite Zones. The first three holes (DS–10-1, 2 & 3) were designed to test the Albitite, Contact, and Arsenopyrite Zones in an area located south of the Number 2 shaft, an area which was previously drilled by Noranda in 1985. These holes intersected the same style and degree of alteration, mineralization and structural deformation encountered in the historic drilling. Noranda hole, MJD-85-12 returned results of 7.25 g/t Au over a core length of 8.2 meters from the Albitite zone, and nearby hole MJD-85-22 returned 53.5 g/t Au over a core length of 0.6 meters from the Arsenopyrite Zone. Another previous Noranda hole drilled in the area returned 10.2 g/t Au over a core length of 2.4 meters from the Contact Zone. The other three holes (DS-10-4, 5, & 6) were designed to test and confirm the previous work carried out on the HTAZ zone situated at a vertical depth ranging from approximately 190m to 260m below surface and located approximately 250 metres south west of the Number 2 shaft. Again, these holes encountered the same style and degree of alteration, structural deformation and mineralization that was intersected in previous drilling in the area. Historical drill holes in the area returned values of 9.0 g/t Au over a core length of 5.4 meters. Assays will be released when available. Phase 2 drilling is scheduled to commence in early August. The DeSantis mine lies immediately north of the famous Destor Porcupine Fault Zone and hosts at least 5 known gold bearing zones including: the Contact Zone; Hydrothermal Zone; Albitite Zone, Arsenopyrite Zone; and East Pit area. The Company has been compiling data from the greater than 300 historic drill holes, along with shafts and drift development down to the 1175 foot level, into a 3D model now viewable on the Company website, www.lateegra.com. The Company has arranged, subject to TSX Venture Exchange acceptance, a 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, each warrant exercisable into an additional common share for a period of 18 months at a price of $ 0.45 per share. Finders’ fees may be payable in whole or in part on the placement pursuant to the policies of the TSX Venture Exchange. Proceeds will be used for future property payments and general working capital. The technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101 and reviewed on behalf of the Company by Robert Duess, P.Geo., a Qualified Person.
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Sunday, 5th September 2010
