Overview

Lateegra Gold Corp. is a mineral exploration and development company with the specific interest in the precious metals gold and silver. Lateegra's focus is to continue to create value for Shareholders through acquiring and developing through to commercial production high quality gold and silver projects. Lateegra's commitment to exploration is unprecedented; utilizing the expertise of the management team and the Company's proven ability to finance its programs, to develop its interests to their full potential.

Profile

Lateegra Gold Corp. is actively assembling key assets necessary for successful establishment as a mid-tier gold producer. The Company has strengthened management with the recent addition of Newmont's former Executive Vice President to the Board of Directors, and the addition of the Head of the Mining Engineering Dept., Colorado School of Mines to the Advisory Board.

A recently completed financing has allowed the acquisition of a substantial land package in Peru, adjacent to two recent discoveries in Equador, as well as a strategically located parcel within Aurelian's land package in Equador, located within 4 kms of their enormous discovery at Fruta del Norte. The Company has also acquired a majority interest in the Picacho Mine, located in the Sierra Madre Gold Belt, Mexico.

While currently producing at a rate of 200 Tons per day, all necessary infrastructure is in place for continued operations with the capabilities of expanded production with minimal capital infusion. Acquisition of this mine will provide the Company with the necessary cash flow to enable additional exploratory work on existing assets, as well as to further due diligence on potential acquisition targets. LRG has several other properties located below.

Property

Picacho Property (Mexico)

Lateegra Gold Corp. entered into an acquisition agreement with Tara Gold Resources Corp. (Pink Sheets: TRGD) on July 25th, 2006 to acquire up to a 70% interest in the Picacho Gold Mine located within the Northern Sierra Madre Gold Belt, 120 kilometers south of the United States Border, in Sonora State, Republic of Mexico.

The Picacho mine, a 3,236 hectare mining concession, is 24km by haulage road from Bacoachi, a town with a population of approximately 2000 people serviced by the national electrical grid, a 1200m airstrip and a paved highway accessing the nearby mining town of Cananea and the State capital, Hermosillo.

The Picacho Project, interpreted as a low sulfidation epithermal gold-silver system, is hosted in a Middle-Upper Tertiary “caldera complex” of silicified andesites and andesitic tuffs intruded by nearly contemporaneous rhyodacites, diotites, and andesitic breccias. This “caldera complex” is part of a volcanic regime covering northern Sonora and Chihuahua States of Mexico overprinting a NW-SE trending Lower Tertiary porphyry copper belt host to Mexico’s largest copper deposits, Cananea and La Caridad.

The previous Owner reported, and the company verified, that ore grades averaged 5 grams gold and 15 grams silver per tonne hosted within a mineralized structure comprising an 85% silica content creating a tailings product that is being sold as a flux agent to the local smelters for US$35.00/tonne, an amount that is estimated to generate sufficient revenues to cover current mining and milling costs. Management believes the ore body width, dip, and hanging wall competency offer tremendous operational flexibility enabling a variety of mining methodologies to ultimately optimize efficiency while minimizing pillar volumes and dilution.

El Condor Property (Ecuador)

"El Condor" property is in South Eastern Ecuador. The property consists of two hundred and forty two hectares of mineral rights within 4000 meters south east of Aurelian Resources Inc (TSX Venture: ARU)'s recent Fruta del Norte high grade gold discovery and just south and sharing Aurelian's El Tigre gold anomaly at it's Condor Project, South East Ecuador.

El Condor property is within the same geologic unit as Aurelian's Fruta del Norte discovery. This concession is fully covered by strongly altered and oxidized intrusive rocks with presence of limonite veins and some fully brecciated sections with sericitic alteration, angular alluvial gold in placers covers 70% of the area. The property is underlain by strongly altered intermediate porphyritic intrusive rocks containing weathered sericitic / chloritic alteration. Veins up to 4m wide of tectonically brecciated crystalline quartz with iron oxides have been intersected in nearby trenches by Aurelian Resources. Additionally, 1m float boulders discovered in the area have assayed up to 6.62g/t Au.

Halcones Property (Peru)

The Halcones Property consists of six thousand six hundred (6,600) hectares of mineral rights adjacent to and south east of Aurelian Resources Inc (TSX Venture: ARU)'s recent Fruta Del Norte gold discovery and Lateegra's Ecuador property, El Condor.

Lateegra's mineral claims lay entirely on the Peruvian side of the Ecuador / Peru border with 5900 hectares being east and centered north south within 7.5km from Aurelian's recently announced discovery drill intercepts of 189 meter intercept grading 24 g/t of gold along with subsequently released impressive results at its Condor Project, a reported buried epithermal gold-silver discovery at Fruta Del Norte, southeastern Ecuador. An additional 700 hectares staked is east of both Goldmarca's (TSX Venture:GML) recently acquired Aphrodite and Condor Gold projects where drilling intersected a gold bonanza zone of 48 metres of 16.7 g/t gold and 7 ozs per tonne of silver.

Extensive areas of hydrothermal alteration, high-grade vein-type epithermal and bulk tonnage precious metal deposits are found in this prolific N.W.-S.E. trending belt. Additional neighboring companies also include Plexmar's Casa del Diablo and Corriente's Mirrador project. The properties are being held in trust by a Peruvian National while the Company establishes it's ultimate, in-country corporate structure. Claimed areas are only approximate in size due to the irregular nature of the international border location and will be determined upon detailed government review.

La Guadalupana

Formerly known as the Potrero Mine, located within the Sierra Madre Occidental gold belt and 45 Km’s south of Glamis Gold's +2Million oz El Sauzal gold mine, La Guadalupana operated from 1959 through to 1967 when nationalization idled production. This once isolated valley is now accessed with the advent of roads to both the coast and interior along with the power grid being extended to within 10 km's of the property.

Extensive hydro-thermal alteration is pervasive throughout the property and high grade copper silver values of 20-30% copper and 32 oz silver and 2.65g gold/tonne bulk sample values, within vein structures, had been reported by previous operators. The immediate targets include the high-grade vein structures entirely open to depth surrounded by a classic geo-chemical signature being highly prospective for a large bulk tonnage copper-molybdenum-tungsten porphyry deposit.

Port Eliza

The Port Eliza property is located in the Alberni Mining District and in close proximity to the historic Zeballos Mining Camp on Vancouver Island.

The area surrounding the Port Eliza is underlain by granodiorite of the Jurassic Island Plutonic Suite which intrude Lower Jurassic Bonanza Group volcanics. The northwest striking Port Eliza gold structure generally parallels the trend of a number of basic dykes within the intrusive host rocks. The structure consists of a quartz-calcite vein within a shear zone ranging from a few centimeters to over a metre in length. The structure extends for a known length of 240 meters. Free gold occurs with pyrite, chalcopyrite and other finely disseminated sulphides in a quartz gouge. The wallrock, mainly granodioritic or basic dykes, are strongly sericitized and silicified. (Assessment report 14796, Ministry of Energy and Mines).

For more information on each of these prospects, please go to http://www.lateegra.com/

Recent News and Press Releases

Lateegra Gold Acquires Producing Gold Mine in Sierra Madre Gold Belt Mexico (Tue, Jul 25, 2006)
 

Lateegra Gold Acquires Gold Anomaly within Aurelian Resource's Condor Project (Thu, Jul 13, 2006)

Lateegra Adds Depth and International Experience to the Board (Wed, Jul 12, 2006)

Lateegra Gold Successfully Stakes Claim Block Adjacent to Aurelian Resources (Wed, Jul 05, 2006)

Smartstox.com Spotlights Lateegra Gold, Sedex Mining, and Solitaire Minerals (Thu, Jun 22, 2006)

Lateegra Closes Private Placement (Mon, Jun 05, 2006)

Lateegra Gold Acquires High Grade Silver-Copper-Gold Property in Mexico (Wed, May 10, 2006)

Lateegra Announces Stock Options (Thu, Jan 19, 2006)

Lateegra Consolidates and Changes Name (Fri, Jan 13, 2006)

Contacts

Corporate Headquarters: Lateegra Gold Corp.

Address: Suite 1128 - 789 West Pender Street
Vancouver, British Columbia
Canada V6C 1H2
Telephone: (604) 669 9330
Fax: (604) 669 9335
Toll Free: 1-866-669-9377

If you have any questions that are left unanswered in the company web site, feel free to contact them via telephone at 604.669.9330 (1.866.669.9377) or e-mail at info@lateegra.com.

LRG filings with SEDAR can be found here. All Fillings are current and the Company is fully reporting.

This report includes forward-looking statements that reflect Lateegra Gold Corp. current expectations about its future results, performance, prospects and opportunities. Lateegra Gold Corp. has tried to identify these forward-looking statements by using words and phrases such as "may," "will," "expects," "anticipates," "believes," "intends," "estimates," "plan," "should," "typical," "preliminary," "we are confident" or similar expressions. These forward-looking statements are based on information currently available and are subject to a number of risks, uncertainties and other factors that could cause Lateegra Gold Corp.'s actual results, performance, prospects or opportunities to differ materially from those expressed in, or implied by, these forward-looking statements. These risks, uncertainties and other factors include, without limitation, the Company's growth expectations and ongoing funding requirements, and specifically, the Company's growth prospects with scalable customers, and those outlined above. Other risks include the Company's limited operating history, the Company's history of operating losses, consumers' acceptance, the Company's use of licensed technologies, risk of increased competition, the potential need for additional financing, the terms and conditions of any financing that is consummated, the limited trading market for the Company's securities, the possible volatility of the Company's stock price, the concentration of ownership, and the potential fluctuation in the Company's operating results.

Disclaimer

AllPennyStocks.com feature stock reports are intended to be stock ideas, NOT recommendations. Please do your own research before investing. It is crucial that you at least look at current SEC filings and read the latest press releases. Information contained in this report was extracted from current documents filed with the SEC, the company web site and other publicly available sources deemed reliable. For more information see our disclaimer section, a link of which can be found on our web site. This document contains forward-looking statements, particularly as related to the business plans of the Company, within the meaning of Section 27A of the Securities Act of 1933 and Sections 21E of the Securities Exchange Act of 1934, and are subject to the safe harbor created by these sections. Actual results may differ materially from the Company's expectations and estimates. This is an advertisement for Lateegra Gold Corp. The purpose of this advertisement, like any advertising, is to provide coverage and awareness for the company. The information provided in this advertisement is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation or which would subject us to any registration requirement within such jurisdiction or country.

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