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July 21, 2009, Vancouver, BC: Lateegra Gold Corp. (the "Company") (LRG - TSX Venture) announces that it has arranged, subject to TSX Venture Exchange (the "Exchange") approval, a private placement of up to 2,000,000 units at $0.35 per unit for total gross proceeds of up to $700,000. Each unit will consist of one common share and one transferable share purchase warrant, each warrant exercisable into one additional common share at a price of $0.50 per share for a period of two years from the date of closing. Proceeds of the private placement will be used for general working capital and for corporate acquisition purposes.
Finders' fees will be payable in whole or in part on the units issued under the financing, in accordance with TSX Venture Exchange policy.
The Company also wishes to announce the granting of incentive stock options, subject to approval of the Company's stock option plan by the Exchange, to its' directors, officers, consultants and employees, under its Stock Option Plan, for the purchase of up to 300,000 common shares of the Company for a period of 2 years at a price of $0.35 per share.
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. 
