Lateegra Commences Work in Timmins

VANCOUVER, BRITISH COLUMBIA, Oct 29 (MARKET WIRE) --
Lateegra Gold Corp. (the "Company") (TSX VENTURE: LRG)(FRANKFURT: LTGB)
is pleased to announce the commencement of work on the Company's "Eastern
Extension" property. The property is located within the heart of the
Timmins West Mining Camp, approximately 14 km from the Timmins West
Project (Lake Shore Gold) and the Thunder Creek Project (Lake Shore -
West Timmins joint venture). The "Eastern Extension" property consists of
18 claim units (approximately 720 acres) and is located in the western
portion of Ogden Township.

Historical work on the property includes 11 drill holes, dating back to
1947. All of these holes encountered broad zones of strong deformation,
and strong alteration, including sericite, carbonate, fuchsite, quartz
veining, and pyrite mineralization. The most recent exploration work
completed on the "Eastern Extension" property was conducted by the
Porcupine Joint Venture in 2004, consisting of ground geophysical
surveying (I.P. and magnetics). Several I.P. anomalies were detected;
however, no drilling was conducted.

Exploration work on the "Eastern Extension" property is expected to
commence with the next few weeks. This first phase of exploration will
include reviewing and re-sampling any available historic core taken which
might be available, grid - re establishment, and an initial drilling
program of 3,000 metres. Drilling will be targeted to test certain I.P.
anomalies as well geological areas of interest (deformation, alteration,
mineralization) as identified by historical drilling.

Lateegra has accumulated a land package of close to 50,000 acres in the
west Timmins Area, and has contracted Doug Blanchflower, P.Geo. of
Minorex Consulting Ltd., to perform a review of historic activities on
all of the Company's properties in the Timmins area. The Company has also
contracted Robert Duess, P.Geo, President & Senior Consulting Geologist
for Duess Geological Services Ltd., to oversee activities locally in
Timmins. Mr. Duess has over 20 years experience in the Timmins camp,
including serving as VP Exploration for Band-Ore Resources, and his
current duties as technical advisor to West Timmins Mining Corp.

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.

Peter Dickie, Director of Lateegra, states, "We are pleased to be able to
utilize the expertise of both of these experienced geologists who are
helping us create an extensive exploration campaign for our holdings. We
are very pleased to see the Eastern Extension property selected for
exploration first, amongst our nearly 50,000 acres in the camp. Although
there has been little news from the west Timmins camp pending the
business combination vote between West Timmins Mining and Lake Shore
Gold, we anticipate both news and activity will accelerate once the
business combination is voted on."

ON BEHALF OF THE BOARD OF DIRECTORS

Peter Dickie, Director

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.

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.

Contacts:
Lateegra Gold Corp.
Peter Dickie
Director
604-669-9330 or Toll Free: 1-866-669-9377
604-669-9335 (FAX)
info@lateegra.com
www.lateegra.com

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