October 19, 2006 16:48 ET

Lakota Announces 15.53 Grams/Tonne Gold Over Eight Metres on Simba

TORONTO, ONTARIO--(CCNMatthews - Oct. 19, 2006) - Lakota Resources Inc (the "Company") (TSX VENTURE:LAK) is pleased to announce results from RC drilling on the SIMBA Project, Isambara occurrence, located 28 kilometres north of the Tulawaka gold mine (Barrick 70% MDN 30%) in Tanzania. The SIMBA Project is a joint venture with Minieres du Nord (MDN) which holds a 70% participating interest with the remaining 30% participating interest held by Jope Business Associates Limited, a Tanzanian incorporated company which is 50% owned by the Company.

On October 3, 2005 the Company reported that Rotary Air Blast (RAB) drilling and RC drilling returned the following significant gold intersections (see Press release dated Oct. 3, 2005).

Hole Interval Length Gold Gold check
Number metres metres (g/t) (g/t)

ISRC 21 40 - 43 3 8.63 6.95
ISRAB 07 10 - 12 2 1.16 2.01
ISRAB 09 13 - 16 3 0.52 1.58
ISRAB 16 31 - 34 3 1.46 1.07
ISRAB 21 01 - 06 5 14.93 13.22
ISRAB 21 40 - 70 30 6.37 5.86
including 45 - 53 8 14.54 13.49

On October 17, 2006 MDN, the project operator, announced results from some of the 39 RC holes totalling 1,713 metres drilled in September 2006 to further evaluate the significance of the gold mineralization intersected in ISRAB 21. The orientation of the gold bearing zone intersected in ISRAB-21 was reinterpreted because RC drill holes ISRC-27 to ISRC-44, collared on fences located 50m from both sides of the ISRAB-21 drill hole, did not intersect significant gold mineralization and, moreover a twin hole of ISRAB-21 as well as a scissor hole also failed to intersect significant gold mineralization. A re-interpretation resulted in drilling the gold bearing zone intersected in ISRAB-21 at right angles to the original drill line. As a result drill-hole ISRC-49 intersected gold-bearing pyrite mineralization hosted in several metres of quartz vein followed down hole by gold-bearing pyrite hosted in altered sheared granite; this mineralized zone returned 15.33 g/t Au over 8 m and analysis on duplicate samples resulted in 7.87 g/t Au over 8 m. RC hole ISRC-50 is a scissor hole to ISRC-49 and it returned 8.23 g/t Au over 3 m.

A listing of significant gold intersections are tabled in the following:

Hole Interval Length Gold Gold check
Number metres metres (g/t) (g/t)

ISRC-30 44 - 45 1 1.76
ISRC-34 55 - 58 3 1.07
ISRC-35 19 - 22 3 2.16
ISRC-35 29 - 33 4 2.06
ISRC-36 58 - 59 1 1.19
ISRC-36 64 - 66 2 1.13
ISRC-37 01 - 03 2 1.11
ISRC-37 31 - 33 2 1.28
ISRC-38 37 - 38 1 1.10
ISRC-41 18 - 19 1 3.11
ISRC-43 08 - 09 1 2.59
ISRC-48 55 - 59 4 3.05
ISRC-49 40 - 48 8 15.33 7.87
ISRC-50 43 - 48 3 8.23

The gold bearing zone intersected in ISRAB-21, ISRC-49 and ISRC-50 is considered to be sub-parallel to the orientation of drill hole ISRAB-21 as well as follow-up RC drill holes ISRC-27 to ISRC-44 inclusive.

An insufficient amount of drilling has been carried out on the gold-bearing zones to establish their true thickness. The other gold intersections are hosted in pyrite-bearing granite.

MDN inserted 12% control samples with the RC drill-cutting samples submitted for analysis. Sample prep and analysis was carried out by Mwanza SGS laboratory (Tanzania). Brian Lloyd, geologist, managed the drilling program under the supervision of Dominique Fournier, Ph.D., who acted as a qualified person in accordance with NI 43-101.

Results on seven more RC holes collared to further evaluate the 8.63 g/t Au over 3m (check assay of 6.95 g/t Au over 3m) obtained in RC drill hole ISRC-21 in 2005 located 900 m to the west of ISRAB-21 have not been received from the laboratory.

MDN reported that RC drilling has resumed on the Isambara gold occurrence and delineation of the mineralized zone intersected in RC drill holes ISRC-49 and 50 is being targeted.

Stanley Robinson, P.Geo., Lakota's President, is the qualified person under National Instrument 43-101 who has reviewed the scientific and technical information contained in this release.

This press release contains certain forward-looking statements. In certain cases, forward-looking statements can be identified by the use of words such as "plans", "expects" or "does not anticipate", or "believes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such factors include, among others, risks related to international operations; risks related to joint venture operations; actual results of current exploration activities; changes in project parameters as plans continue to be refined, future prices of resources; possible variations in reserves, grade or recovery rates, accidents, labour disputes and other risks of the mining industry; and delays in obtaining governmental approvals or financing or in the completion of development or construction activities. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.

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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