October 30, 2006 10:03 ET

Lakota Announces Tembo RC Drilling

TORONTO, ONTARIO--(CCNMatthews - Oct. 30, 2006) - Lakota Resources Inc. (the "Company")(TSX VENTURE:LAK) is pleased to announce that a 4,200 metre Reverse Circulation (RC) drilling program on the Company's 100% owned TEMBO project will commence on or about October 31, 2006. Since July 2006, the Company has completed 13,090 metres of Aircore (AC) drilling comprising a total of 1,221 shallow holes for regolith (soil) and saprolite (weathered bedrock) geochemical sampling. Interpretation of analytical results from samples collected from the AC drill holes, coupled with geochemical data from previous exploration campaigns has defined a series of parallel gold-bearing zones. These zones with anomalous gold values, vary from 300 metres to about 2 kilometres in length, and are parallel to the northwest - southeast orientation of Barrick Gold Corporation's adjacent Bulyanhulu gold mine structure. Eleven distinct targets have been identified from previous data and data from approximately 60% of the 1,221 drill sites. These targets will each be evaluated by a single fence of RC drill holes.

Drill Target Interpreted Length Best gold value
Target 1 about 2 km 2,020 ppb 2.02 g/t
Target 2 + 300 m 268 ppb 0.27 g/t
Target 3 about 2 km
(part of Target 1) 1,680 ppb 1.68 g/t
Target 4 about 2 km 901 ppb 0.90 g/t
Target 5 about 2 km 486 ppb 0.49 g/t
Target 6 +350 m 1,540 ppb 1.54 g/t
Target 7 inconclusive 950 ppb 0.95 g/t
Target 8 + 700 m 298 ppb 0.30 g/t
Target 9 + 300 m inconclusive 116 ppb 0.12 g/t
Target 10 about 2 km 1,690 ppb 1.69 g/t
Target 11 about 1.5 km 16,400 ppb 16.40 g/t

Anomalous gold values are considered to be equal to or greater than the statistical threshold value which is mean value plus two standard deviations. The anomalous threshold value for the regolith samples is 95 ppb Au (parts per billion gold) or 0.095 g/t Au (grams per tonne gold) and anomalous threshold value for the saprolite samples is 96 ppb Au or 0.096 g/t Au.

Ten of the planned RC drill fences will test gold anomalies in the interpreted stratigraphic equivalence of the footwall zone, approximately 5 kilometres to the west northwest, of the Bulyanhulu gold mine and one RC drill fence will test a gold anomaly in the interpreted stratigraphic equivalence of the hangingwall zone, approximately 7 kilometres to the northwest, of the Bulyanhulu gold mine.

It has been reported that gold at the Bulyanhulu gold mine is hosted in quartz veins, over a strike length of 5 kilometres and averages 2 to 3 metres wide (Barrick website, 2006) within argillite at the contact between mafic and felsic rocks. Year-end 2005 proven and probable reserves at Bulyanhulu were reported to be 25.916 million tons grading 0.414 ounces gold per ton for a total of 10.732 million ounces of contained gold. Gold production from Bulyanhulu was 311,000 ounces in 2005. (see

The sample preparation for all of the TEMBO samples was carried out by ALS Chemex in Mwanza and pulps were shipped to ALS Chemex in Australia for analysis.

Martin Taylor P.Geo, consultant to the Company, and Stanley Robinson P.Geo, President of the Company, supervised the exploration programs. Stanley Robinson, P.Geo 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.

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