Lateegra Gold Corp. (the “Company”) (TSX VENTURE: LRG)(FWB: LTGA) and Tara Gold Resources Corp. (PINK SHEETS: TRGD)(FWB: T8N) are pleased to announce that a comprehensive phase 1 surface exploration program has been completed on the Picacho Gold Mine, located 84 kilometers south of the United States border, near the town of Bacoachi, Sonora State, Mexico.

Results of the Phase 1 geochemical sampling and detailed geological mapping have identified two new large gold bearing Quartz-Breccia vein structures (Dos Amigos and Basaitegui). Both structures trend NW-SE, with individual results grading as high as 87.5g/t Au (2.8 oz/t) and 4880g/t Ag (156.9 oz/t). Sampling was conducted over an area greater than 3000m in length (NW-SE), with the vein structures exposed up to 5m in width. Numerous samples provided assays of greater than 2g/t Au. Samples were analyzed by ALS Chemex Ltd. of Vancouver, B.C. Please refer to the attached table for the complete assays results. A map of the location of the structures is available on the company’s website.

Field crews including geologists, geophysicists and a mining engineer have been mobilized to the property outfitted with a new Hyundai 16T excavator and a Longyear 38 diamond drill rig along with the necessary down-the-hole tooling. The phase two program has commenced consisting of the following:

- Ground Magnetic Geophysical Survey by Zonge Engineering and Research Organization Inc. of Tucson Arizona-USA;

- 1,000 meters of NQ diamond drilling aimed at twining historic drill holes (to verify to current standards the previous results);

- 1,000 meters of NQ diamond drilling to develop the extent of the surface structure, and;

- Surface trenching on the newly discovered targets.

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