LAKOTA RESOURCES INC.
TSX VENTURE : LAK

LAKOTA RESOURCES INC.

May 15, 2006 15:07 ET

Lakota Plans Tanzania Exploration

TORONTO, ONTARIO--(CCNMatthews - May 15, 2006) - Lakota Resources Inc. (TSX VENTURE:LAK) (the "Company") is pleased to announce that exploration will commence on its holdings in Tanzania during the month of May and continue throughout the remainder of 2006 on the following projects:

The TEMBO Project covers about 110 square kms of Archaean Greenstone and intrusive granites adjacent to Barrick Gold's Bulyanhulu gold mine. Previous exploration by the Company identified lithologies and structures interpreted to be the NW extension of the Bulyanhulu gold mine structure. The property also hosts promising gold in soil anomalies associated with a major east-west structure that has been worked for gold by artisanals, on the southern portion of the property.

The Company has signed a contract for 10,000 metres of aircore drilling with Major Drilling Tanzania. This drilling will be soil sampling to infill and further define gold-in-soil anomalies previously discovered in 2003-2004 beneath a layer of transported surficial cover as well as evaluate areas not targeted by the earlier program. Delineated gold-in-soil anomalies will be evaluated with Reverse Circulation (RC) and Diamond Drilling (DD) as warranted. The 2003- 2004 soil sampling program delineated gold-in-soil anomalies on north-south lines spaced at intervals ranging from 200 metres to 800 metres apart. Also, soil pH sampling delineated anomalies on north-south lines spaced 200 metres apart, except over the granite in the northwest portion of the property where lines were spaced 400 metres apart. Soil pH anomalies may represent acidic soils derived from the weathering of sulphide-bearing rocks which may be auriferous. Maps 1, 2 and 3 which are, the Tembo land holdings, the compilation of the 2003- 2004 exploration results, and the 2006 planned exploration program, respectively, can be viewed on the Lakota Resources Inc. website at www.lakotaresources.ca as well as on SEDAR (www.sedar.ca).

On the 100% Company-owned BUNDA Project Prospecting Licences located to the south of Musoma, on the eastern side of Lake Victoria, the Company plans additional soil sampling to further evaluate the gold-in-soil anomalies delineated in 2003 (see 2003 annual report on website) in an effort to define drill targets.

The Company holds a 100% interest in a Prospecting Licence that partially overlies the SUGUTI Shear structure in the Mara area, northeasten Tanzania that will be evaluated with a soil sampling and geological mapping program with the objective of identifying drill targets.

The 100% Company-owned IKUNGU Project Prospecting Licences located on the eastern side of Lake Victoria in the Musoma region were returned to Lakota by Shanta Mining Co. Ltd., in Q1-2006. Shanta made option payments to Lakota, compiled the historical data and completed three diamond drill holes during the two years they held the property under option. A planned extensive drilling program to explore the auriferous horizon that hosts the Forrest Reef gold mine, which operated from 1933-1942, was curtailed due to mechanical problems with the drill rig. The Company intends to further evaluate the gold potential of this project during 2006 either through a farm-out or on its' own.

On the 100% Company owned SMITH SOUND Project Prospecting Licences are located on the eastern side of Smith Sound and the Company intends to carry out a program of soil sampling and geological mapping to evaluate the potential of these holdings.

On the 100% Company-owned KIGOSI River Prospecting Licence located about 20km SW of the Nyakafuru gold deposit, 20km west of the Kanegele gold deposit and 21 km NNW of the Myabi Hills greenstones the Company plans to carry out a soil sampling and geological mapping program to delineate drill targets.

The Company will be participating with JV partner Minieres du Nord (MDN) on a drilling program to further evaluate the gold potential of the SIMBA Project in the Tulawaka area. In 2005 MDN / Lakota intersected 14.93 g/t gold over a drill hole length of 5m from 0 - 5m and a second interval in the same hole returned 6.37 g/t gold over a drill hole length of 30m from 40 - 70m (see press release dated October 3, 2005).

The Company considers gold values in soil samples greater than the norm value plus two times the standard deviation as anomalous and pH values less than the norm value minus two times the standard deviation as anomalous. Commercial blanks and standards together with duplicates were included in each sample batch submitted to the laboratories for analysis. Sample preparation and analysis of soil samples were determined by ALS Chemex and sample preparation and analysis of the RC drill cuttings samples were determined by SGS Laboratories. Both ALS Chemex and SGS Laboratories are accredited to internationally recognized standards.

All exploration work carried out by Lakota is to NI 43-101 standards. The previous exploration campaigns and the planned exploration work were and will continue to be supervised by consulting geologist Martin Taylor, P.Geo., as well as by Stanley Robinson, P.Geo., the Lakota Qualified Person for purposes of National Instrument 43-101.

The Company is debt free and well financed with nearly CDN$3.0 million in the bank to carry out the 2006 planned exploration program as well as evaluate and acquire additional properties of merit. Exploration updates and results obtained from these programs will be released over the coming months.

Outstanding Shares: 44,298,523

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

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