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March 27, 2009, Vancouver, B.C.: Lateegra Gold Corp. (the "Company") (LRG-TSX.V LTG-Frankfurt) announces that its' Annual General and Special Meeting (the "AGM") was held on March 24, 2009. All resolutions as noted in the Information Circular were passed, including the special resolution authorizing the directors to seek TSX Venture Exchange (the "Exchange") approval to consolidate the common shares of the Company on a ten (10) old for one (1) new common share basis. The Company intends to apply to the Exchange to consolidate the shares on that basis. There are currently 39,332,600 common shares issued and outstanding, and if the proposed consolidation of ten old for one new share is approved by the Exchange, there would be approximately 3,933,260 common shares issued and outstanding. The exact number of post-consolidated shares will vary depending on the treatment of fractional shares, which will occur when each shareholder's holdings in the Company are consolidated. Outstanding stock options and share purchase warrants will also be adjusted by the consolidation ratio and the respective exercise prices of outstanding stock options and warrants will be adjusted accordingly. The Company will not be changing its name in conjunction with the consolidation.
Also at the AGM, results of shareholder voting approved the election of Mitchell Adam as a director of the Company. Mr. Adam, 40, is the President of MGA Capital Corp. which provides management consulting services to public and private companies and various other consulting services including corporate finance and investor relations. Mr. Adam attended undergraduate studies at Simon Fraser University and in 1989 completed the Canadian Securities Course and RR exam. Mr. Adam spent four years working in the brokerage industry at Odlum Brown Ltd. and Nesbitt Thompson Inc. and has been working with various public companies since 1993, holding the positions of officer and director of several companies. Mr. Adam is currently the President and a director of Weststar Resources Corp.
At the directors' meeting held subsequent to the AGM, the following officers were appointed for the year:
- Christopher Verrico - President and Chief Executive Officer
- Casey Forward - Chief Financial Officer
- Peter Dickie - Secretary
ON BEHALF OF THE BOARD
Christopher 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."
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. 
