May 07, 2007 14:07 ET

Lakota Announces Property Acquisition

TORONTO, ONTARIO--(CCNMatthews - May 7, 2007) - Lakota Resources Inc (the "Company (TSX VENTURE:LAK) is pleased to announce that Lakota Resources (T) Ltd., a wholly owned subsidiary of the Company, entered into an Option to Purchase Agreement (the "Agreement") on January 29, 2007 with Mr. Kahungwa (the "Vendor), subject to regulatory approval. This Agreement allows the Company to acquire a 100% interest in one Primary Mining Licence ("PML") in Tanzania. Terms of the Agreement call for a payment of US$2,000 on signing and payments of US$2,500, US$3,000 and US$3,500 on the first, second and third anniversary dates, respectively. Also, the Company is required to issue 3,000 common shares of the Company on July 29, 2007 and common shares of the Company on the first, second and third anniversary dates in the amounts of 2,000, 2,500 and 2,500 respectively.

Once the Company has made payments totalling US$11,000 and has issued 10,000 common shares to the Vendor, the Vendor will transfer a 100% interest in the PML to the Company and deliver to the Company documents to allow the PML to be surrendered. The PML when surrendered will enlarge the Prospecting Licence, held by the Company, in which it is situated.

Stanley Robinson P.Geo, President of the Company, is the qualified person under National Instrument 43-101 who has reviewed 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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